India inductor market is expected to grow at a significant CAGR during the forecast period, FY2023-FY2027. Growth in the per capita income of the consumers is increasing the expenditure capacity of consumers to afford electronic devices of the consumers, thereby influencing the market demand. Consumer electronics such as laptop, desktop, printer, consists of a large number of inductors integrated into them to perform the different functions. High penetration of internet services and increasing proliferation of smartphones is contributing to the inductor market growth. The rise in awareness among the consumers regarding the effect of greenhouse emissions on the environment along with the growing concerns about the growth in global warming are pushing the consumers to adopt electric vehicles for traveling purposes. Manufacturers of electric vehicles employ inductors in their circuits which is expected to boost the growth of the inductors market. The development of charging stations and the launch of advanced electric vehicles into the market are expected to accelerate the inductor market growth. Roll-out of 5G technology and the surge in advancements of the 4G technology, the demand for electronic components are expected to witness significant growth which in turn is expected to fuel the demand for inductors in commercial as well as industrial sectors.
India inductor market is segmented into inductance, core type, shield type, mounting technique, application, end user, regional distribution, and company. Based on the core type, the market can be divided into air, ferrite, and iron. The ferrite core type segment is expected to account for major market share in the forecast period, FY2023-FY2027. Ferrite core type offers higher resistance than its other counterparts. These are in high demand for the manufacturing of surface acoustic wave filters and voltage-controlled oscillator circuits for hard disks, notebooks, telecommunication networks, among others.
The major players operating in the India inductor market are Miracle Electronics, Salzer, Orbit Electronics, Transfield Transformers and Electronics Pvt Ltd, Royal Energies, Unified Electro-Tech Limited, A & V International, Agile Magnetics, Magnatech, Coilcraft, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report
Historical YearsFY2017-FY2020
Base YearFY2021
Estimated YearFY2022
Forecast PeriodFY2023–FY2027
Objective of the Study
- To analyze the historical growth of the market size of India inductor market from FY2017 to FY2020.
- To estimate and forecast the market size of India inductor market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India inductor market based on inductance, core type, shield type, mounting technique, application, end user, regional distribution, and company.
- To identify dominant region or segment in the India inductor market
- To identify drivers and challenges for India inductor market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India inductor market.
- To identify and analyze the profile of leading players operating in India inductor market.
- To identify key sustainable strategies adopted by market players in India inductor market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the service providers who could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Inductor manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to inductor market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
