Back to today’s briefing

Story perspectives

Global Power Inductor Market Set to Double by 2034

1/5/2025

50 10

Summary

Story summary

The global power inductor market is expected to increase from $2.3 billion in 2023 to $4.5 billion by 2034, achieving a 6.0% CAGR.
Demand for energy-efficient devices, electric vehicles, and renewable energy technologies drives this growth.
Leading companies, including Murata and TDK, prioritize product innovation and strategic partnerships.
Asia Pacific dominates the market with a 57.2% share in 2023, followed by North America and Europe.

1 of 1

Story summary

The global power inductor market is expected to increase from $2.3 billion in 2023 to $4.5 billion by 2034, achieving a 6.0% CAGR.
Demand for energy-efficient devices, electric vehicles, and renewable energy technologies drives this growth.
Leading companies, including Murata and TDK, prioritize product innovation and strategic partnerships.
Asia Pacific dominates the market with a 57.2% share in 2023, followed by North America and Europe.