Global Choke Inductor Market, By Product Type (Self-Inductor, Mutual Inductor), Application (Electronics Industry, Automobile Industry, Scientific Research, Other) – Industry Trends and Forecast to 2030.
Choke Inductor Market Analysis and Size
The choke inductor is a passive electronic component which is used to eliminate EMI (electromagnetic interference. As a result, the demand of the choke inductor increases in semiconductor market and enhances the market growth rate during the forecast period. Moreover, increasing choke usage to filter out radio frequencies is one of the major factors that will improve the market's growth. On the other hand, growing high voltage applications will create more opportunities for the market player of choke inductor in the forecast period.
Data Bridge Market Research analyses that the choke inductor market was valued at USD 4389.30 million in 2022 and is expected to reach the value of USD 6053.42 million by 2030, at a CAGR of 4.10% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Choke Inductor Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Self-Inductor, Mutual Inductor), Application (Electronics Industry, Automobile Industry, Scientific Research, Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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KYOCERA AVX Components Corporation. (U.S.), Caddell-Burns (U.S.), Chilisin (Taiwan), Datatronic. (U.S.), Delta Electronics, Inc. (Taiwan), Houston Transformer Company, Ltd. (U.S.), Murata Manufacturing Company, Ltd. (Japan), TOKO CO.,LTD. (Japan), Panasonic Corporation (Japan), Pulse Electronics (U.S.), Sumida Corporation (Japan), TAIYO YUDEN CO., LTD. (Japan), TT Electronics Plc. (U.K.), TDK Electronics AG (Japan), Vishay Intertechnology, Inc. (U.S.)
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Market Opportunities
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Market Definition
A choke inductor is a type of inductor which is used to block while passing lower frequencies of alternating current (AC) and higher-frequency of direct current (DC) in an electrical circuit. The name choking mainly comes from comes from blocking. The choke inductor is used in numerous applications such as electrical industry, automobile industry and also in scientific research.
Choke Inductor Market Dynamics
Drivers
- Increasing demand of choke inductor to maintain AC voltages
Choke inductor helps to reduce alternative circuit (AC) voltages to very small values due to this load component such as a resistor will ultimately receive direct current (DC) voltages. These unwanted alternative circuit (AC) signal fluctuations are called ripples. Choke inductor are very often used to filter out the radio frequencies due to which the demand for this inductor increases and drive the market growth rate.
- Growing demand of choke inductor in electrical industry
Choke inductor is widely used in electrical industry to prevent electric energy and signals from being transmitted along inappropriate parts and undesired paths of an electric system or circuit. Choke inductor in power-supply prevents alternating-current components inherent to a power supply, from entering the electronic component and equipment.
Opportunities
- Surging demand of choke inductor in multiple applications
Choke inductor are commonly used in electrical, industrial and telecommunications applications to eliminate or decrease noise and electromagnetic interference. Due to growing demand for electronic components in automobiles, the automotive industry is also proving to be the most prominent option for choke inductor manufacturers. The major shift in the trends in the business also includes the growing durability of industry-standard interfaces for industrial customization and applications, predominantly in the aerospace, medical, defence, and industrial sectors.
Restraints
- Fluctuation in price of raw material
The growth of the choke inductor market is anticipated to be hindered by the unexpected fluctuations in the costs of choke inductor raw material. As a result, it disrupted the supply chain of choke inductor in the market and posed a major challenge for manufacturers.
This choke inductor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the choke inductor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Choke Inductor Market Scope
The choke inductor market is segmented based on the product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Self-Inductor
- Mutual Inductor
Application
- Electronics Industry
- Automobile Industry
- Scientific Research
- Other
Choke inductor Market Regional Analysis/Insights
The choke inductor market is analyzed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the choke inductor market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the choke inductor market in revenue growth owing to the strong prevalence of major market players in this region.
Asia-Pacific is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly due to the increasing demand of choke inductor to maintain the high frequencies in the circuit in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Choke Inductor Market Share Analysis
The choke inductor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to choke inductor market.
Some of the major players operating in the choke inductor market are:
- KYOCERA AVX Components Corporation (U.S.)
- Caddell-Burns (U.S.)
- Chilisin (Taiwan)
- Datatronic. (U.S.)
- Delta Electronics, Inc. (Taiwan)
- Houston Transformer Company, Ltd. (U.S.)
- Murata Manufacturing Company, Ltd. (Japan)
- TOKO CO.,LTD. (Japan)
- Panasonic Corporation (Japan)
- Pulse Electronics (U.S.)
- Sumida Corporation (Japan)
- TAIYO YUDEN CO., LTD (Japan)
- TT Electronics Plc. (U.K.)
- TDK Electronics AG (Japan)
- Vishay Intertechnology, Inc. (U.S.)
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