Global Power Inductor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Wire-wound, Multilayer, and Thin-film Power Supply.By Core;
Shielded, and Non-shielded.By Mounting;
Surface Mount Technology, and Through Hole Technology.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Power Inductor Market (USD Million), 2021 - 2031
In the year 2024, the Global Power Inductor Market was valued at USD 2,397.35 million. The size of this market is expected to increase to USD 3,367.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.
Power inductors are essential components used in electronic devices to store energy and regulate current. Their application spans a wide range of sectors, including consumer electronics, automotive, industrial, and telecommunications. The surge in demand for compact and energy-efficient electronic devices, such as smartphones, tablets, and wearable gadgets, has propelled the need for advanced power inductors. The automotive industry's shift towards electric and hybrid vehicles has further accelerated market growth, as these vehicles require robust power management systems to ensure optimal performance and energy efficiency.
Technological advancements in power inductor design and manufacturing have also contributed to market expansion. Innovations such as miniaturization, higher current handling capacity, and improved thermal management have enhanced the performance and reliability of power inductors. The increasing adoption of renewable energy sources, such as solar and wind power, has created new opportunities for the power inductor market, as these systems rely heavily on efficient power conversion and storage. Geographically, Asia Pacific dominates the market due to the presence of major electronics manufacturers and a robust supply chain network. North America and Europe are also significant contributors, driven by advancements in automotive technology and renewable energy initiatives.
Global Power Inductor Market Recent Developments
-
In June 2023, Murata Manufacturing launched a new range of power inductors with increased energy density for portable electronics, while in December 2022, TDK Corporation introduced high-efficiency power inductors optimized for use in renewable energy systems.
-
In January 2023, Coilcraft released a compact power inductor with low resistance and high current handling, while in October 2022, Vishay Intertechnology unveiled a power inductor designed for automotive applications.
Segment Analysis
The Global Power Inductor Market can be segmented by type, core, mounting, and geography. By type, the market includes wire-wound, multilayer, and thin-film power inductors, each offering different benefits for various applications. Wire-wound inductors are known for their high current handling and efficiency, making them suitable for power supplies and industrial electronics. Multilayer inductors provide compact size and high-frequency performance, ideal for portable devices and telecommunications. Thin-film inductors offer precise inductance values and low losses, which are crucial for advanced computing and automotive electronics.
By core, the market is divided into shielded and non-shielded inductors. Shielded inductors prevent electromagnetic interference (EMI) and are preferred in noise-sensitive applications like audio equipment and communication systems. Non-shielded inductors, while less effective at EMI suppression, are typically more cost-effective and are used in less critical applications. The market is also segmented by mounting type: surface mount technology (SMT) and through-hole technology (THT). SMT inductors are favored for their automated assembly compatibility and are commonly used in modern electronic devices. THT inductors, known for their durability and ease of manual soldering, are used in robust applications such as power supplies and industrial machinery. Geographically, the market spans North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, each region showing unique trends and demands influenced by local industries, technological advancements, and economic conditions.
North America and Europe are well-established markets driven by advanced technology adoption, strong industrial bases, and substantial investments in research and development. These regions benefit from the presence of major manufacturers and suppliers of power inductors, which cater to a diverse range of applications including automotive, telecommunications, and consumer electronics. The demand for energy-efficient and high-performance electronic components in these regions further propels market growth. The Asia Pacific region exhibits rapid growth in the power inductor market, fueled by the expansion of the electronics manufacturing industry, increasing consumer electronics demand, and significant advancements in automotive and industrial sectors.
Global Power Inductor Segment Analysis
In this report, the Global Power Inductor Market has been segmented by Type, Core, Mounting, and Geography.
Global Power Inductor Market, Segmentation by Type
The Global Power Inductor Market has been segmented by Type into Wire-wound, Multilayer and Thin-film Power Supply.
Wire-wound power supplies are known for their robust design and high reliability, making them ideal for applications that require high power handling and durability. They are commonly used in industrial machinery, heavy-duty electronics, and other environments where ruggedness and performance stability are critical. The wire-wound design allows for efficient heat dissipation and strong resistance to electrical and thermal stresses, ensuring long-term operational reliability even under harsh conditions. Multilayer power supplies, on the other hand, offer compactness and efficiency, making them suitable for a wide range of consumer electronics and communication devices.
The multilayer construction technique enables the integration of multiple layers of conductive and insulating materials, resulting in a high density of electronic components within a small footprint. This type of power supply is favored in applications where space and weight are at a premium, such as in smartphones, laptops, and other portable electronic devices. Thin-film power supplies represent the latest advancements in power supply technology, leveraging thin-film deposition techniques to create extremely compact and efficient power sources. These are especially advantageous in cutting-edge applications such as medical devices, aerospace, and high-performance computing, where miniaturization and precise performance are essential. Thin-film power supplies offer superior electrical characteristics, including low leakage current and high frequency response, making them ideal for advanced electronic applications.
Global Power Inductor Market, Segmentation by Core
The Global Power Inductor Market has been segmented by Core into Shielded and Non-shielded.
Shielded power inductors are designed with an additional magnetic shield around the core, which helps to contain the magnetic field and reduce electromagnetic interference (EMI). This makes them particularly suitable for applications where minimizing noise and interference is critical, such as in sensitive electronic equipment, communication devices, and precision instruments. The shielding not only improves performance but also enhances the overall reliability of the electronic systems in which these inductors are used. As a result, the demand for shielded power inductors is driven by the increasing complexity and miniaturization of electronic devices, which require higher efficiency and lower EMI.
Non-shielded power inductors lack this additional magnetic shield, making them more cost-effective and easier to produce. They are typically used in applications where EMI is less of a concern or can be managed through other means. Non-shielded inductors are commonly found in power supplies, industrial equipment, and various consumer electronics where space and cost constraints are more critical than minimizing electromagnetic interference. The choice between shielded and non-shielded power inductors depends on the specific requirements of the application, including factors like operating frequency, current handling capacity, size, and cost considerations. As the market for power inductors continues to grow, driven by advancements in electronic devices and increasing demand for efficient power management solutions, both types of inductors play essential roles in meeting diverse application needs across different industries.
Global Power Inductor Market, Segmentation by Mounting
The Global Power Inductor Market has been segmented by Mounting into Surface Mount Technology and Through Hole Technology.
Surface Mount Technology (SMT) is increasingly favored due to its ability to accommodate high-density designs and automated assembly processes. SMT power inductors are typically smaller and lighter, which makes them ideal for compact electronic devices like smartphones, tablets, and wearable technology. The advantages of SMT include improved performance at high frequencies and better mechanical stability due to shorter lead lengths, which reduce parasitic inductance and resistance. As a result, SMT power inductors are widely used in consumer electronics, telecommunications, and automotive applications where space, efficiency, and performance are critical considerations.
Through Hole Technology (THT), on the other hand, is preferred for applications requiring higher power and mechanical strength, such as industrial equipment, power supplies, and heavy-duty automotive systems. THT power inductors have longer leads that are inserted into holes on the printed circuit board (PCB) and soldered in place, providing robust mechanical bonds. This makes them suitable for environments with high mechanical stress or where high reliability is essential. While THT components are generally larger and may not support as high frequency operations as their SMT counterparts, they excel in durability and power handling capabilities. The Global Power Inductor Market sees a balanced demand for both mounting technologies, driven by diverse application requirements across various industries.
Global Power Inductor Market, Segmentation by Geography
In this report, the Global Power Inductor Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Power Inductor Market Share (%), by Geographical Region, 2024
North America and Europe are well-established markets driven by advanced technology adoption, strong industrial bases, and substantial investments in research and development. These regions benefit from the presence of major manufacturers and suppliers of power inductors, which cater to a diverse range of applications including automotive, telecommunications, and consumer electronics. The demand for energy-efficient and high-performance electronic components in these regions further propels market growth. The Asia Pacific region exhibits rapid growth in the power inductor market, fueled by the expansion of the electronics manufacturing industry, increasing consumer electronics demand, and significant advancements in automotive and industrial sectors.
Countries like China, Japan, South Korea, and India are at the forefront of this growth, supported by favorable government policies, robust supply chains, and the rising adoption of electric vehicles and renewable energy systems. The Middle East and Africa, along with Latin America, are also emerging markets with growing investments in infrastructure development and industrialization. These regions are increasingly adopting power inductors for various applications, driven by the need for efficient energy management solutions and the gradual shift towards digitalization and smart technologies. The global power inductor market displays a dynamic landscape with varying growth patterns and opportunities across different geographical regions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Power Inductor Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Advancements in telecommunication technologies
- Growing adoption of electric vehicles
- Demand for energy-efficient components
-
Miniaturization of electronic devices - The miniaturization of electronic devices is a significant driver for the power inductor market. As consumer demand for smaller, more powerful, and more efficient gadgets increases, manufacturers are under pressure to reduce the size of components without compromising performance. This trend is particularly evident in smartphones, wearables, and portable medical devices, where space is at a premium.
Power inductors, essential for managing energy flow in these devices, need to be compact yet highly efficient. Innovations in materials and design are enabling the production of smaller inductors with higher power densities, meeting the needs of the latest electronic devices. This miniaturization trend is set to continue as technology advances, driving ongoing demand for compact power inductors.
Restraints
- Supply chain disruptions
- Limited skilled workforce
-
Import-export regulations - Import-export regulations play a crucial role in shaping the dynamics of the global power inductor market. These regulations, which vary widely by country, can impact the supply chain, pricing, and availability of power inductors. For instance, tariffs and trade restrictions can increase costs and create supply bottlenecks, affecting manufacturers and consumers alike. Compliance with different countries' regulatory standards adds complexity to the global distribution of power inductors.
Geopolitical tensions and changes in trade policies can lead to uncertainty and instability in the market. Manufacturers and suppliers must navigate these regulatory landscapes carefully to maintain smooth operations and competitive pricing, highlighting the importance of strategic planning and adaptability in the face of evolving import-export regulations.
Opportunities
- Advances in magnetic materials
- Demand for high-frequency applications
- Adoption in aerospace and defense
-
Expansion in the electric grid sector - The expansion in the electric grid sector presents significant opportunities for the power inductor market. As countries around the world invest in upgrading and expanding their electrical grids to meet rising energy demands and integrate renewable energy sources, the need for reliable and efficient power management components becomes paramount. Power inductors are critical in ensuring the stability and efficiency of electrical grids, particularly in applications such as power conversion, energy storage, and distribution.
The shift towards smart grids and the increasing incorporation of advanced technologies like IoT and AI for grid management further drive the demand for high-performance power inductors. This sector's growth is bolstered by government initiatives and investments aimed at modernizing infrastructure, reducing carbon emissions, and enhancing energy security, creating a robust market for power inductors in the coming years.
Competitive Landscape Analysis
Key players in Global Power Inductor Market include
- TDK Corporation
- AVX Corporation
- Bourns, Inc.
- Coilmaster Electronics Co., Ltd.
- Coilcraft Inc.
- Cyntec Co., Ltd.
- ETAL Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Core
- Market Snapshot, By Mounting
- Market Snapshot, By Region
- Global Power Inductor Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Advancements in telecommunication technologies
- Growing adoption of electric vehicles
- Demand for energy-efficient components
- Miniaturization of electronic devices
- Restraints
- Supply chain disruptions
- Limited skilled workforce
- Import-export regulations
- Opportunities
- Advances in magnetic materials
- Demand for high-frequency applications
- Adoption in aerospace and defense
- Expansion in the electric grid sector
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Power Inductor Market, By Type, 2021 - 2031 (USD Million)
- Wire-wound
- Multilayer
- Thin-film Power Supply
- Global Power Inductor Market, By Core, 2021 - 2031 (USD Million)
- Shielded
- Non-shielded
- Global Power Inductor Market, By Mounting, 2021 - 2031 (USD Million)
- Surface Mount Technology
- Through Hole Technology
- Global Power Inductor Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Competitive Landscape Analysis
- North America
- Global Power Inductor Market, By Type, 2021 - 2031 (USD Million)
- Company Profiles
- TDK Corporation
- AVX Corporation
- Bourns, Inc.
- Coilmaster Electronics Co., Ltd.
- Coilcraft Inc.
- Cyntec Co., Ltd.
- ETAL Group
- Analyst Views
- Future Outlook of the Market