Chokes Market Expected to Witness Sustainable Growth Over 2031
The market for chokes is anticipated to expand over the upcoming years due to a rise in demand for renewable energy such as solar and wind for power generation. In addition, the surge in portable consumer electronics production across the globe and their rapid utilization through IoT has had a significant impact on the telecommunication industry. Hence, the growth of the consumer electronics and telecommunication industry is projected to boost the demand for the chokes market in the forecast period. The chokes market size was valued at $1.5 billion in 2021, and the chokes industry is estimated to reach $2.6 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031. Get a PDF brochure for Industrial Insights and Business Intelligence @ https://www.alliedmarketresearch.com/request-sample/54185 Chokes are passive electronic components that are used to regulate the flow of current in electrical circuits. They are also known as inductors or reactors. A choke is...