Chinese Vertical Toroidal Inductor Market Poised to Reach $34.5B by 2030, Driven by New Energy Boom

SHANGHAI – September 12, 2025 – The Chinese vertical toroidal inductor market is set for robust structural growth over the next five years, with a projected market size of RMB 238 billion (approximately $34.5 billion) by 2030, according to a new report by Huajing Industry Research Institute and Zhongshang Industry Research Institute. The market is expected to maintain a compound annual growth rate (CAGR) of 7.8% to 8.5% between 2025 and 2030, outpacing the global average.

A key driver behind this growth is the exploding demand from new energy vehicles and charging infrastructure. As China’s NEV penetration rate exceeds 45% in 2025, the number of vertical toroidal inductors per vehicle has increased by 1.2 to 1.5 times, driven by more complex powertrain systems and OBC modules. The report notes that NEV-related applications will account for over 28% of the market by 2030, up from 15% in 2023. Additionally, 5G base station construction is fueling demand, with each millimeter-wave base station requiring 34 times more inductors than 4G counterparts, pushing the communications segment to over 26% market share by 2025.

Domestic manufacturers such as Sunlord Electronics and Fenghua Advanced Technology are gaining traction, leveraging 12-inch wafer-level packaging technology to reduce costs. The report forecasts China’s vertical toroidal inductor localization rate to reach 74% in 2025, up from 45% in 2020, supported by the Ministry of Industry and Information Technology’s target of 75% domestic content for basic electronic components.