Global Metal Composite Power Inductor Market Overview
The metal composite power inductor market Size was estimated at 2.58 (USD Billion) in 2022. The metal composite power inductor market is expected to grow from 2.74 (USD Billion) in 2023 to 4.75 (USD Billion) by 2032. The metal composite power inductor market CAGR (growth rate) is expected to be around 6.29% during the forecast period (2024 - 2032).
Key Metal Composite Power Inductor Market Trends Highlighted
The metal composite power inductor market is experiencing significant growth due to rising demand from various industries such as automotive, consumer electronics, and telecommunications.
Key market drivers include the increasing adoption of electronic devices, growing demand for efficient power conversion, and adoption of electric vehicles.
Opportunities for growth lie in the development of advanced packaging technologies, miniaturization of inductors, and increasing use in renewable energy applications.
Recent trends include the integration of metal composite inductors into power modules, the use of high-performance materials to enhance efficiency, and the development of ultra-low profile and high-current inductors.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Metal Composite Power Inductor Market Drivers
Rising Demand for Power Electronics in Renewable Energy Systems
The growth in the rate of adoption of renewable energy sources is one of the main factors that drive the demand for metal composite power inductors.
As critical components of power conversion and conditioning systems, these devices ensure the reliable and efficient operation of renewable energy installations.
Therefore, as the renewable energy market is expected to grow in the future, the demand for metal composite power inductors will also continue increasing in the metal composite power inductor market.
Advancements in Electric Vehicle Technology
Another key factor that is driving the growth of the metal composite power inductor market is the rapid development of electric vehicles.
Metal composite power inductors are used in electric vehicle powertrains and are essential for efficient power conversion and filtering.
Therefore, with the increase in the number of electric vehicles, the demand for metal composite power inductors is expected to experience significant growth.
Growing Adoption of Power-Dense Electronics
There is a growing demand for electronic devices that are small and portable, and this is a trend that is fueling the demand for power-dense devices. As a result, a lot of applications now depend on metal composite power inductors since they offer low DCRs, high efficiency, and high-power density.
Moreover, it has been projected that the electronic devices are going to get smaller and therefore highly compatible with space, and all this is expected to result in growth of the 2025 metal composite power inductor market.
Metal Composite Power Inductor Market Segment Insights
Metal Composite Power Inductor Market End User Insights
The End-user segment of the metal composite power inductor market is estimated to experience predominant growth during the forecast period, which can be attributed to greater demand from diverse industries.
The consumer electronics segment is likely to have a substantial market share due to the growing popularity of smartphones, laptops, and other electronic devices requiring power inductors.
Furthermore, the automotive segment will have a notable market share because of the increased number of electric and hybrid vehicles. The Industrial segment could grow steadily because of the improved automation of industrial processes.
Additionally, the medical segment may display good growth because of the greater need for MRI machines and X-ray systems. The Military and Aerospace segment should lead to greater market growth due to the rising demand for sophisticated power systems in this area.
To sum up, it is possible to note that the metal composite power inductor market is expected to experience growth associated with the demand for metal composite power inductors in diverse end-user industries.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Metal Composite Power Inductor Market Power Rating Insights
The metal composite power inductor market is divided by power rating into Below 10A, 10-50A, 50-100A, and Above 100A. The 10-50A segment is anticipated to hold the largest share of the market in 2033, contributing more than 40% of the metal composite power inductor market revenue.
Moreover, this segment is projected to grow at the highest CAGR of 6.5% over the forecast period and is expected to reach a value of USD 1.2 billion by 2033.
The growth of this segment is attributed to the increasing demand for power inductors in applications, such as automotive, industrial, and consumer electronics.
The Below 10A segment is the second-largest segment and is projected to grow at a CAGR of 5.8% over the forecast period. The growth of this segment is driven by the increasing demand for low-power inductors in portable devices, including smartphones and tablets.
The 50-100A segment is projected to grow at a CAGR of 6.2% over the forecast period and is anticipated to reach a value of USD 0.7 billion by 2033. The growth of this segment is attributed to the rising demand for power inductors in industrial applications, such as motor drives and power supplies.
Finally, the Above 100A segment is anticipated to grow at a CAGR of 6.0% over the forecast period and is expected to reach a value of USD 0.4 billion by 2033. The growth of this segment is driven by the increasing demand for high-power inductors in applications such as electric vehicles and renewable energy systems.
Metal Composite Power Inductor Market Shielding Type Insights
The metal composite power inductor market is segmented into Shielded and Unshielded types. The Shielded segment held a larger market share in 2023 and is projected to maintain its dominance throughout the forecast period.
The growth of this segment can be attributed to the increasing demand for shielded inductors in various electronic devices, such as smartphones, laptops, and electric vehicles. Shielded inductors offer several advantages, including reduced electromagnetic interference (EMI), improved signal integrity, and increased power efficiency.
The Unshielded segment is expected to witness significant growth over the forecast period. The growing adoption of unshielded inductors in industrial applications, such as power supplies, motor drives, and renewable energy systems, is driving the growth of this segment.
Unshielded inductors offer advantages such as lower cost, smaller size, and lighter weight compared to shielded inductors.
Metal Composite Power Inductor Market Core Type Insights
Metal Powder Core, Ferrite Core, and Amorphous Core are the three main types of cores used in Metal Composite Power Inductors. Metal Powder Cores are made of iron, nickel, or a combination of the two.
They offer high permeability and low core loss, making them suitable for high-frequency applications. Ferrite Cores are made of ceramic material and are known for their high inductance and low cost. They are commonly used in low-frequency applications. Amorphous Cores are made of a non-crystalline alloy and exhibit low core loss and high saturation flux density.
They are preferred for high-power applications. In 2023, the metal composite power inductor market was valued at 2.74 (USD Billion). The growth of the market is attributed to the increasing demand for power electronics in various industries, including automotive, consumer electronics, and industrial automation.
Metal Composite Power Inductors offer several advantages over traditional inductors, such as higher efficiency, lower weight, and smaller size. These factors are driving their adoption in various applications. Among the different core types, Metal Powder Cores are expected to hold the largest market share during the forecast period.
This is due to their high permeability and low core loss, which make them ideal for high-frequency applications. Ferrite Cores are expected to hold the second-largest market share due to their low cost and high inductance.
Amorphous Cores are expected to witness the fastest growth over the next decade due to their low core loss and high saturation flux density, which make them suitable for high-power applications.
Metal Composite Power Inductor Market Package Type Insights
The metal composite power inductor market is segmented by Package Type into Surface Mount and Through-Hole. Surface Mount is expected to hold a dominant share of the market in 2023, owing to its compact size and ease of mounting on printed circuit boards (PCBs).
The Through-Hole package type is expected to witness a steady growth rate during the forecast period due to its ability to handle higher currents and power levels.
The market growth is attributed to the increasing demand for power inductors in various electronic devices, such as smartphones, laptops, and electric vehicles.
Metal Composite Power Inductor Market Regional Insights
The regional segmentation of the metal composite power inductor market offers valuable insights into the market's geographical spread and growth potential. North America is expected to dominate the market, accounting for a significant share of the revenue in 2023 and beyond.
The region's robust electronics industry and increasing demand for power inductors in various applications drive its dominance. Europe follows North America, with a notable market share attributed to the presence of major automotive and industrial sectors.
The Asia-Pacific (APAC) region is projected to witness the fastest growth during the forecast period, driven by the rapid expansion of the electronics industry and urbanization in countries like China and India.
South America and the Middle East and Africa (MEA) regions are expected to contribute a smaller share to the overall market, but they present opportunities for growth due to increasing infrastructure development and industrialization.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Metal Composite Power Inductor Market Key Players and Competitive Insights
In the metal composite power inductor market, movers and shakers in the industry are involved in product innovations and geographic expansion of presence. Leading players in the metal composite power inductor market are also investing heavily in research and development of new solutions.
The metal composite power inductor market is witnessing a consolidation cycle; this trend in growth is a result of larger companies usually acquiring smaller inductor manufacturers to gain more market share.
The metal composite power inductor market anticipates significant growth in the next couple of years, owing to the increase in demand for various power electronic devices.
TDK Corporation is an innovator in electronic components and products. The company has a range of Metal Composite Power Inductor products such as high frequency, power and shielded inductors.
TDK Corporation has a market presence, and the company engages in different lines of business, including consumer, electronic materials, automotive, industrial and electronic distributors. As an industry leader, TDK Corporation is dedicated to meeting customers' needs with best-in-class products and services.
Wrth Elektronik is a manufacturer of electronic and electromechanical components. Wrth Elektronik’s Metal Composite Power Inductor products include power, shielded and common mode chokes among others.
Wrth Elektronik has a presence, and its products are used by clients from different industries. Wrth Elektronik is known for delivering best-in-class products and services that match customer expectations.
Key Companies in the metal composite power inductor market Include
- Bourns
- Plitron
- Pulse Electronics
- TDK
- Bel Fuse
- TT Electronics
- Murata Manufacturing
- Vishay Intertechnology
- Inductance Technologies
- Cooper Bussmann
- Eaton
- Coilcraft
- EPCOS
- Sumida Corporation
Metal Composite Power Inductor Market Developments
The rising demand for metal composite power inductors in various end-use industries, such as consumer electronics, automotive, and telecommunications, is primarily driving market growth.
Recent advancements in power electronics and the growing adoption of electric vehicles are further fueling market expansion.
Key industry players are focusing on developing innovative products and expanding their production capacities to meet the increasing demand.
Strategic acquisitions and collaborations among market participants are also shaping the competitive landscape.
Metal Composite Power Inductor Market Segmentation Insights
- Metal Composite Power Inductor Market End User Outlook
- Consumer Electronics
- Automotive
- Industrial
- Medical
- Military and Aerospace
- Metal Composite Power Inductor Market Power Rating Outlook
- Below 10A
- 10-50A
- 50-100A
- Above 100A
- Metal Composite Power Inductor Market Shielding Type Outlook
- Metal Composite Power Inductor Market Core Type Outlook
- Metal Powder Core
- Ferrite Core
- Amorphous Core
- Metal Composite Power Inductor Market Package Type Outlook
- Surface Mount
- Through-Hole
- Metal Composite Power Inductor Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.58(USD Billion) |
| Market Size 2023 |
2.74(USD Billion) |
| Market Size 2032 |
4.75(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.29% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Bourns, Plitron, Pulse Electronics, TDK, Bel Fuse, TT Electronics, Murata Manufacturing, Vishay Intertechnology, Inductance Technologies, Cooper Bussmann, Eaton, Coilcraft, EPCOS, Sumida Corporation |
| Segments Covered |
End User, Power Rating, Shielding Type, Core Type, Package Type, Regional |
| Key Market Opportunities |
Surging demand for electric vehicles Growing adoption in consumer electronics Rise of wireless charging Miniaturization of electronic devices Increasing focus on energy efficiency |
| Key Market Dynamics |
Growing demand for compact and efficient power electronics Adoption of metal composite inductors in automotive and telecom applications Increasing demand for wireless charging Technological advancements Government regulations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The metal composite power inductor market is expected to reach a valuation of 4.75 billion USD by 2032, exhibiting a CAGR of 6.29% during the forecast period of 2024-2032.
Asia-Pacific is anticipated to lead the metal composite power inductor market due to the rising demand for consumer electronics and the presence of major manufacturing hubs in the region.
Metal Composite Power Inductors are widely used in power supplies, DC-DC converters, telecommunication systems, and automotive electronics.
Leading manufacturers in the metal composite power inductor market include TDK Corporation, Murata Manufacturing, Taiyo Yuden, Vishay Intertechnology, and Wrth Elektronik.
Key factors driving the market's growth include the increasing adoption of electric vehicles, the rising demand for portable electronics, and the expansion of the renewable energy sector.
Challenges include intense competition, fluctuating raw material prices, and the need for continuous innovation to meet evolving technological requirements.
The metal composite power inductor market was worth 2.74 billion USD in 2023.
The metal composite power inductor market is projected to grow at a CAGR of 6.29% from 2024 to 2032.
The power supply segment is expected to dominate the metal composite power inductor market in terms of revenue share.
Key trends include miniaturization, increased efficiency, and the adoption of advanced materials.
