An inductor is a passive electronic component which stores energy in a magnetic field when current flows through it. In essence, it is just a winding of wire, that can be wrapped around a core of air, iron, or whatever you like. The important property of an inductor is its inductance, defined as the ratio of the voltage to the rate of change of current. This is a property that contributes in an important way to inductors being used with capacitors to produce filters and inductors being used in various other circuits to store energy, such as in a power supply. An inductors performance is closely related to its physical construction, number of turns in the coil, and the type of material surrounding the core.