Inductors are components designed to resist changes and are utilized for the storage of energy in form of magnetics field and is referred to as passive electronic component.
New York, NY -- (SBWIRE) -- 07/11/2017 -- Inductor is an electric device consisting of single or multiple loops of wire and typically has two terminals. Change in magnetic field induces voltage that opposes the field-producing current which is known as inductance. An inductor is connected to a circuit to increase the inductance to a desired value. The inductance of an inductor is dependent on the number of turns/loops of copper wire around the metal/air and the radius of the copper coil.
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Consumer electronics segment is expected to contribute primarily to the growth of the global inductor market. Asia Pacific countries such as India, China and Japan is expected to contribute majorly to the global inductor market during the forecast period supported by the rapid industrialization, rising urbanization and increasing disposable income of the population in the emerging economies.
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The rise of deployment of smart grids and automotive, demand for compact power efficient and light weight devices is driving the growth of inductor market. Advancements in telecommunication and integration of integrated chips is rising the demand for inductors. Increased complexity in mobile devices is leading to the growth in demand for inductors hence driving the growth in revenue of global inductors market. Increasing disposable income of the consumers leading to rising demand for passive electronics is another factor encouraging the growth of global inductors market.
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On the basis of regions, global inductor market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa
North America and APEJ and Japan inductor markets are expected to have major shares in terms of revenue in 2016. Additionally, APAC region is expected to experience high growth in terms of revenue in the forecast period. Markets in Western Europe, Latin America and Eastern Europe is also expected to showcase positive growth during the forecast period.