Global Coil Wound Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Coil Wound Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global coil wound devices market report has been segmented on the basis of product, application, and region.
Global Coil Wound Devices Market: Overview
The coil is used as an integral part of the electronic circuit and is used to provide a magnetic field to electronic devices or machines such as motors, generators, etc. The coil winding is manufactured in various size and shape and the design of the coil winding influences the properties such as its inductance, Q factor, insulation strength, and magnetic field strength.
Global Coil Wound Devices Market: Dynamics
Rapid industrialization in developed and developing, and increasing demand from various industry verticals such as aerospace, oil & gas, energy distribution, etc. are major factors expected to drive growth of the global coil wound devices market. In addition, increasing government spending in the healthcare sector, coupled with manufactures approach towards providing better quality, high performance, and reliable medical products is another factor expected to support growth of the global coil wound devices market.
Moreover, smart grid approach by the developed countries and increasing government expenditure on development of present electricity infrastructure is expected to increase demand for coil wound in transformers and other devices which is expected to further support market growth. In addition, flourishing automotive sector across the globe, coupled with rising demand for coil wound devices from automotive manufacturers are expected to further support growth of the global market to a certain extent.
However, the availability of various alternatives is a major factor expected to hamper growth of the global coil wound devices market.
Technological advancements and R&D activities by major players are expected to create new revenue opportunities for players operating in the target market over the forecast period. In addition, major players approach towards shifting their manufacturing units to developing countries due to the easy availability of raw material and low-cost labor is expected to further support growth of the global market in the near future.
Global Coil Wound Devices Market: Segment
Among the product segments, the electromagnetic coils segment is expected to dominate in the target market over the forecast period.
Among the application segments, the industrial machinery & equipment segment is expected to contribute significant revenue share in the target market over the forecast period.
Global Coil Wound Devices Market: Region
The market in North America is expected to dominate in the global coil wound devices market and is expected to continue its dominance over the forecast period. This dominance can be attributed to increasing government approach towards adoption of alternative energy source, high expenditure on solar and wind energy projects is expected to increase demand coil wound devices. In addition, the presence of major players, coupled with innovative product offerings is expected to further support growth of the target market in this region to a certain extent.
The market in Asia Pacific is expected to witness faster growth, owing to the flourishing automotive sector, increasing demand from automotive and medical device manufacturers, and presence of prominent players operating in emerging economies in this region. In addition, increasing expansion activities through strategic merger and acquisitions is expected to further support the market growth.
Global Coil Wound Devices Market Segmentation
Segmentation by product:
- Electromagnetic Coils
- Lightning Coil
Segmentation by application:
- Industrial Machinery & Equipment
- Medical Devices
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- ABB Ltd.
- Honeywell International Inc.
- Parker Hannifin Corporation
- Danaher Corporation
- Siemens AG
- Magnet-Schultz of America Inc.
- Murata Manufacturing Co., Ltd.
- Emerson Electric Co.
- Schneider Electric
- TDK Corporation
- ASCO Valve, Inc.
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