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(IT-NEWSWIRE.COM, October 16, 2019 ) An inductor, also known as a coil or choke, is a passive two-terminal electrical component that stores electric energy in a magnetic field when electric current flows through. Inductors are connected to circuit to elevate the inductance to an optimal value; the inductance is dependent on the count of turns/loops of inductor surrounding the metal or air. Electric current flowing through a conductor generates a magnetic field surrounding it.
Inductors find applications in multiple areas such as the automobile, electronics, healthcare, industrial, transmission and distribution, manufacturing segment, RF and telecommunication, military and defense, in filters, sensors, transformers, motors, and energy storages among others. Inductors are most widely employed for power management. The growth in the industry is fueled by the increasing application of inductors in power management solutions across various industries. Consumer electronics is the major market for inductors with the increasing use of smartphones and smart electronics, followed by automotive and power industries.
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Technical advancements in the inductor usage based on application
Rising demand for inductors from the end-user industries is a crucial factor boosting the growth of the global inductor market. The increasing demand has driven major companies and R&D organizations to develop technologically advanced products to meet the growing demand capabilities, improve their product portfolio and contribute to the growth of their market competitiveness. The major end-users of inductors are consumer electronics such as smartphones, tablets, laptops, smartwatches, automotive applications, power generation industry and others.
• Murata Manufacturing Co., Ltd. developed a new lineup of power inductors with electro-static discharge withstand voltage characteristics that are the highest level in the industry for use in automotive power supplies.
• Eaton Corporation Plc launched the new automotive-grade HCM1A product line of high current power inductors designed to meet electronic system power and thermal handling requirements of transportation manufacturers.
• Panasonic has launched a new highly reliable power inductors for automotive and other strenuous applications requiring high heat (up to +150°C (including self-heating) and vibration resistance (up to 30G).
• Pulse Electronics Corporation Power BU introduced the new PM220X Series SMT Inductors. Designed for automotive and industrial applications, the PM220X Series offers the same quality performance as the recently released PA500X series for commercial applications with the addition of an elevated operating temperature rating up to 155°C.
Owing to these factors, the technical advancements in the inductor usage based on the end-user application is a major factor propelling the growth of the global inductors market.
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Asia-Pacific to Grow at the Highest Rate in Window Films Market
The global window films market is segmented by geography into North America, Europe, Asia Pacific, South America, The Middle East and Africa.
In APAC, growth in the industry is mainly due to rapid industrialization and the growing middle-class population and spending power that lead to increased investment in advanced consumer electronics and automotive. The growth is mainly supported by developing economies, such as India, China, and Japan. Due to the large pool of population, with increasing technological transformation such as from 3G to 4G and ongoing developments for 5G, which doubles the need for electronics will further drive the growth in the forecast period. The growing sales of consumer electronics such as smartphones, tablets, laptops, and others are the major factors responsible for the growth of the Asia Pacific Inductors Market.
The North America Inductors Market is anticipated to exhibit steady growth owing to the rising automobile sales in the US. Inductors are widely used in automobile applications in audio systems, ECU units, transmission units, noise suppression systems for motors, and others. Regional companies are focusing on new product launches to expand their product portfolio and contribute to the improvement of their market competitiveness.
Market Players
The major players in the market are Eaton Corporation Plc, Samsung Electro-Mechanics, TDK Corporation, Agile Magnetics, Inc., Panasonic Corporation, Delta Electronics, Inc., AVX Corporation, Pulse Electronics, Coilcraft Inc., and among others.
The competitiveness scenario of the Global Inductor Market is highly intensive, with the majority of market players following the business strategy increase in R&D expenditure coupled with new product launches as a means to capture significant market share. The expansion of product portfolio to serve an extended consumer base is poised to present new opportunities for companies to strengthen global market position.
In February 2019, TDK Corporation launched the TFM252012ALVA thin-film metal power inductors that can be connected directly to a 12 V car battery while maintaining small dimensions with a footprint of just 2.5 mm × 2.0 mm and a height of 1.2 mm. The magnetic metal core these newly developed inductors offer a rated current of 1.6 A and an inductance of 4.7 μH. They can withstand severe temperature environments with an operating temperature range of -55 °C to +150 °C.
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