inductor

The growing world inductor market is driving mainland China makers to step up their production. The global inductor market will grow at an average annual growth rate of 4.5 percent to reach US$50.6 billion by 2008. The China inductor Trade Association (CSTA) estimates that mainland China's inductor output rose by 18 percent from 1.7 billion units in 2004 to 2 billion units in 2005. Sales consequently surged to US$3.3 billion in 2005, an increase of 22 percent from US$2.7 billion in 2004. For 2006, mainland China will produce 2.4 billion units of inductors, worth US$4 billion. Production in mainland China is mainly focused on pressure inductors, temperature inductors, weighing inductors, optical inductors, infrared inductors, current and voltage inductors and proximity inductors. There are more or less 1,500 companies and research institutes in China engaged in the production and development of inductors. The CSTA forecasts that the number of manufacturers may jump by 30 percent every year by the end of the 11th Five-Year Plan. The inductor market in mainland China is gradually growing as new products are being continually developed. However, mainland China inductor makers still lag behind their foreign counterparts in terms of technology and investment.