The global coupled inductor market is expected to grow at a compound annual growth rate of 3.44% over the forecast period to reach a market size of US$452.002 million in 2027 from US$356.827 million in 2020. An inductor having two or more windings on the same core that uses magnetic coupling to influence the behavior of one winding on the other is known as a coupled inductor. Coupled inductors in dc-dc converters transmit energy from one winding to the other via a shared core. They come in a variety of sizes, inductance values, and current ratings, and the majority of them are magnetically shielded to reduce electromagnetic interference (EMI). Coupled inductors are used in numerous industries like electronics and electricals, telecommunication, and automotive. Inductive charging goods, metal detectors, and induction loop communication systems all employ these inductors. Because of their great efficiency and outstanding current handling characteristics, they are employed in a wide range of electrical applications.
Due to their cost-effectiveness and reduced space requirements, coupled inductors are becoming more popular in consumer electronics and the automotive industry. This coupled inductor market demand is expected to grow throughout the forecast period. When the magnetic fields of two inductors connected to two distinct circuits are brought together, the inductors transmit energy from one to the other. Coupled inductors are inductors that are used in this way. Radiofrequency identification, transformers, wireless power transfers, electric motors, and generators, as well as induction cookers, and induction heating systems, all require coupled inductors. In addition, these inductors are employed in inductive charging devices, metal detectors, and induction loop communication systems. Increasing the use of coupled inductors in consumer electronics and the automotive industry will enhance demand during the projected period due to their cost-effectiveness and reduced space requirements.
The rising electronics sector is projected to boost the global coupled inductor market forward. Over the previous two decades, the global electronics industry, especially in countries like Japan, China and India has seen significant transformations. with the increasing adoption of consumer electronics, medical devices, and home appliances the need for semiconductor and inductors have drastically grown. further, with huge investment in R&D, technological advancement, and automation the demand is expected to propel. The growing adoption of the Internet of Things (IoT), and Artificial Intelligence (AI) is an additional factor contributing to the industry. Therefore, with the growth of the electronics industry, the demand for the global coupled inductor is also expected to increase significantly in the upcoming years, propelling its market growth.
Despite the decline in the automobile sector as a result of Covid-19, the industry is predicted to increase with more adoption of autonomous and electric vehicles. The government of several countries, as well as private companies, are switching to electric vehicles. In a few nations, governments are making it mandatory to utilize electric vehicles. In the United States, for example, the federal government's fleet is being converted to electric vehicles. Furthermore, states such as California and Massachusetts have pledged to phase out new gas-powered car sales by 2035. As of 2035, the European Union has proposed a ban on the sale of new petrol and diesel automobiles, accelerating the shift to electric vehicles to cut carbon emissions. Concerned about the number of carbon emissions created by fossil fuel-based vehicles, several governments are turning to an alternate source. Further, the use of coupled inductors has an increasing role to play in the automotive industry. With the growth in the automotive industry, coupled inductor market is expected to increase
Over the last several years, there has been a tremendous increase in demand for IT/telecommunication services. The rise of the IT/Telecom sector is being driven by increased digitization, increasing reliance on cloud services, or upgrading IT Infrastructure, all of which are fueling the growth of the coupled induction market. Increasing investments and innovations in the fields of IT and communications are driving up demand for coupled inductors, which help to improve hardware efficiency and durability.
With adoption increasing adoption of electric cars and autonomous vehicles the demand for conventional cars is reducing. With this, the coupled inductors have been affected.
The COVID-19 pandemic acted as a restraint to this market growth considering the temporary closure of manufacturing facilities all around the world, as well as the disruptions in supply chains, caused because of the lockdowns. These restrictions not only hindered the operations of the global coupled inductor market players but also its end-use industries like industrial machinery and automotive among others. with an increase in unemployment, the disposable income of the people also reduces further impacting the consumer electronics and home appliances market. Thus, affecting the Coupled Inductor market.
|Market size value in 2020||US$356.827 million|
|Market size value in 2027||US$452.002 million|
|Growth Rate||CAGR of 3.44% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Phase, Application, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Coilcraft, Vishay Intertechnology, Delta Electronics, Inc., Wurth Electronics, Bourns, Eaton, TT Electronics plc, Pulse Electronics, TDK CORPORATION, Cooper Industries|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the coupled inductor market size by 2027?
A1. The global coupled inductor market is expected to reach a market size of US$452.002 million in 2027.
Q2. What is the size of the global coupled inductor market?
A2. Coupled Inductor Market was valued at US$356.827 million in 2020.
Q3. What are the growth prospects for the coupled inductor market?
A3. The coupled inductor market is expected to grow at a CAGR of 3.44% during the forecast period.
Q4. What factors are anticipated to drive the coupled inductor market growth?
A4. The rising electronics sector is projected to boost the global coupled inductor market forward.
Q5. How is the global coupled inductor market segmented?
A5. The coupled inductor market has been segmented by phase, application, end-user industry, and geography.
Delta Electronics, Inc.
TT Electronics plc
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