Power Inductor Market Size

Power Inductor Market size is predicted to reach USD 6.4 Billion by the end of 2036, growing at a CAGR of 5.5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of power inductor was over USD 3.2 Billion. The growth of the market is due to the need for power inductors in power supply circuits followed by the quick rise in the use of smartphones and other devices that need to be very reliable. Research indicates that 80% of people worldwide use smartphones. Apps account for 91% of the time spent on cellphones.

In addition, the production of metal alloy power inductors, which offer excellent performance and great dependability in small medical devices, is being increased by manufacturers in the power inductor industry. Metal windings, ferrite windings, and multilayer construction are features of robust power inductors that come in a range of sizes and configurations.