An inductor is a two-terminal electrical component that stores electric energy in the coil in a magnetic field when an electric current is passed through it. It usually consists of insulated wire around the coil. Its phenomenon is based on the Lenz law i.e. the direction of the induced e.m.f opposes the electric current passing through it.
Asia-Pacific Inductors Market Size & Growth:
Asia-Pacific Inductors market size is projected to reach 1.98 Billion by the end of 2024 with a CAGR of 6.3% during the forecast period. Key Parameters promoting the market growth include growing smartphone penetration & the trend towards 4G, technological advancements in the end-use markets. The move from 3G to 4G, which doubles the need for electronics, is a key factor driving market growth. Asia-Pacific has the most substantial consumer base among all the regions due to increase in the number of manufacturing units India, China, and Japan. The Market for ceramic core type is expected to have the highest growth rate
Asia-Pacific Inductors Market Share:
Asia-Pacific Inductors Market is classified by type, by core type, by application, by geography. By type, the Asia-Pacific Inductors market is classified as Choke, Variable Inductor, Coupled Inductor, Multilayered Inductor, Power Inductor, Surface Mount Inductor. By Core Type, these are classified as Laminated Core, Toroidal Core, Air Core, Ferromagnetic Core, Ceramic Core.
By Application, these are classified, Industrial Sector, Transmission & Distribution, Telecommunication, Consumer Electronics. Fixed Inductors is expected to have the significant share of the inductor market during the forecast period owing to their compact size and lightweight.
There is an increase in the transition of mobile networks from 3G to 4G fuels in the telecom sector, and the rise of smart cards provide a substantial business opportunity for power inductors over the forecast period.
Asia-Pacific Inductors Market Trends:
Asia-Pacific Inductors Market Research Reports:
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Starting from $2700
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