The power inductor market was valued at USD 5.1 billion in 2022, and a compound annual growth rate (CAGR) of 6.6% is anticipated over the course of the forecast period. In many circuits, inductors—passive electric parts that store energy in a magnetic field—are employed to filter, store, and control electrical energy.
The market is expanding rapidly due to the rising need for inductors across a number of industries, including consumer electronics, telecommunications, and the automotive sector. One of the main factors propelling the market is the rising demand for connected gadgets and electric automobiles.

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Growth Drivers
Power inductors are in high demand as a result of the widespread use of Internet of Things devices in a variety of industries, which calls for compact, effective power management solutions. Power inductors are in greater demand as a result of the widespread use of automation and robotics in numerous industries, which necessitate dependable power management components. The European market is expanding due to ongoing demand in a number of industries, including consumer electronics, automotive, and industrial applications. The market is expanding at a substantial rate due to rising demand for ferrite core inductors. AI-powered electric vehicles are outfitted with new technologies, and the Internet of Things is propelling this market's expansion.
The market for power inductors has been greatly impacted by the adoption of 5G technology. The need for enhanced power inductors that can handle greater frequencies and power densities has been fueled by 5G networks' requirement for smaller, more efficient, and high-performance components. The need for specialist power inductors made for 5G networks is anticipated to increase as its adoption progresses. Effective power conversions and distributed systems are becoming more and more necessary as renewable energy sources like solar and wind become increasingly common. Inverters and converters depend on power inductors to control the flow of electricity.
Segmentation
Type
· Wire Wound
· Multilayer
· Thin Film Power Supply
· Through Hole
· Surface Mount
End-Users
· Automotive
· Aerospace and Defense
· Consumer Electronics
· Computing
· Communications
Applications
· Telecommunications
· Healthcare
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Murata Manufacturing
· TDK
· Vishay Intertechnology
· Panasonic
· Coilcraft
· ABC Taiwan Electronics
· Shenzhen Sunloard Electronics
· Pulse Electronics
· Chilisin Electronics
· Delta Electronics
· Other Players
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