Press release
Ignition Coil Market: Competitive Dynamics & Global Outlook 2023
Ignition coil is a device to convert the low battery voltage to the high voltage required to discharge electric sparks at ignition plug. Ignition coils represent the so-called "power plant" of the ignition process in the petrol engine. As part of the ignition system, they are charged with the task of providing the spark plug with the high voltage required to generate an ignition spark between the center and earth electrode of the spark plug and ignite the air-fuel mixture.
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Global Ignition Coil Market: Forecast by Type / Application / Region
Due to the policy promotion and fast developing automotive market, automotive ignition coil market is growing higher. Demand from the downstream brings a power to the development of automotive ignition coil industry. In recent years, growing China market became an important market of automotive ignition coil. Many foreign manufacturers enter into China by investment and joint venture. At present, Major companies in the market are Bosch, Denso, Delphi, BorgWarner and Federal Mogul.
To grab more market, the domestic companies have to expand the technology, capital investment and brand influence. To meet the challenge of the domestic companies and keep their leading stage, foreign companies need to increase the technology innovation and speed up the product upgrading. In the future, China will be a market of fierce competition.
Over the next five years, LPI(LP Information) projects that Ignition Coil will register a 1.2% CAGR in terms of revenue, reach US$ 3920 million by 2023, from US$ 3660 million in 2017.
Global Ignition Coil Market: Key Players
Bosch
Denso
Delphi
BorgWarner
Federal-Mogul
Hitachi
NGK
Yura
Mitsubishi
SparkTronic
SOGREAT
Zunyi Changzheng
Jiaercheng
Anhui KING-AUTO
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Related Information:
United States Ignition Coil Market Research Report 2018
Europe Ignition Coil Market Research Report 2018
North America Ignition Coil Market Research Report 2018
Asia-Pacific Ignition Coil Market Research Report 2018
China Ignition Coil Market Research Report 2018
EMEA Ignition Coil Market Research Report 2018
Global Ignition Coil Market Research Report 2018
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