PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1193432
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1193432
Choke Inductors Market size was valued at USD 4,301.7 Million in 2022, expanding at a CAGR of 4.3% from 2023 to 2030.
Choke inductors are passive electrical parts intended to reduce electromagnetic interference, or EMI. As a result, the choke inductor's demand rises in the semiconductor sector, boosting market expansion. A choke inductor is a type of inductor that is used in electrical circuits to block while flowing both higher-frequency direct current (DC) and lower-frequency alternating current (AC).
Market Dynamics
The growth of the choke inductors market is being fueled by one of the key elements that is the use of chokes to filter out radio frequencies. In contrast, expanding high voltage applications will present more chances for choke inductor market participants throughout the course of the projection year. Because a load component like a resistor will eventually get direct current (DC) voltages, a choke inductor assists in reducing alternative circuit (AC) voltages to very low values. Ripples are the unwelcome variations in the AC signal that they cause. Choke inductors are employed often to filter out radio frequencies, which raises demand for them and propels the market growth rate.
Further, choke inductors are frequently utilized in the electrical industry to stop the transmission of electrical energy and signals along unsuitable components and undesirable courses of an electric system or circuit. Choke inductors in power supplies stop alternating current, which is a power supply's intrinsic component, from entering electronic parts and equipment. Choke inductors are frequently used to reduce or eliminate noise and electromagnetic interference in electrical, industrial, and telecommunications applications. The automotive industry is also proving to be the most popular choice for choke inductor producers because to the increased need for electrical components in cars.
Segmentation Analysis:
The Global Choke Inductors Market is segmented on the basis of Type, Application, and Region.
The market is split into two categories based on Type: self-inductor and mutual inductor. The self-inductor segment dominates the market. Growing high voltage applications in electrical operations is mainly contributing to segment growth.
The market is segmented into four categories based on application: electronics industry, automotive industry, scientific research, and others. The automotive segment dominates the market and is likely to maintain its dominance during the forecast period. The automotive industry is also proving to be the most popular choice for choke inductor producers because to the increased need for electrical components in cars. Growing durability of industry-standard interfaces for industrial customization and applications is another significant change in business trends.
Competitive Landscape:
The worldwide market for choke inductors is highly fragmented in nature which comprised of large and small-sized market players with few large dominating the global market share. Companies in the industry place a strong emphasis on implementing aggressive strategies to reach a broad customer base. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, partnerships, distribution network development, R&D spending, and mergers and acquisitions.
For instance, in January 2023, Yageo Group announces acquisition of Chilisin Electronics Corporation to expand its product portfolio and market reach.
Key features of the study:
This proposed research study on Choke Inductors market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Choke Inductors market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Choke Inductors market
Impact of COVID-19 on Choke Inductors market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Choke Inductors market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Choke Inductors market, we have also included competitive landscape and key innovator analysis for the Choke Inductors market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Choke Inductors market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Choke Inductors market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CHOKE INDUCTORS MARKET KEY PLAYERS
KYOCERA AVX Components Corporation
Caddell-Burns
Yageo Group
Datatronic.
Delta Electronics, Inc
Houston Transformer Company, Ltd.
Murata Manufacturing Company, Ltd.
TOKO CO., LTD.
Panasonic Corporation
Pulse Electronics
Sumida Corporation
TAIYO YUDEN CO., LTD
TT Electronics Plc.
TDK Electronics AG
Vishay Intertechnology, Inc
GLOBAL CHOKE INDUCTORS MARKET, BY TYPE
Self-inductor
Mutual inductor
GLOBAL CHOKE INDUCTORS MARKET, BY APPLICATION
Electronics industry
Automotive industry
Scientific research
Others
GLOBAL CHOKE INDUCTORS MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA