Press release
Coil Wound Devices Market is anticipated to touch a valuation of nearly US$ 119,050 Mn in 2025
Coil Wound Devices Market
The report presents the value and volume forecasts of the global coil wound devices market and provides important insights into the factors driving market growth as well as the factors restricting market growth. As per the assessment of Persistence Market Research, the global coil wound devices market was estimated to be valued at nearly US$ 77,900 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 119,050 Mn in 2025 and in the process exhibit a CAGR of 5.4% during the period of forecast 2017-2025.
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Increasing Demand for Custom Coil Devices in North America Expected to Boost Market Revenue Growth
The North America region is expected to witness a demand for custom coils with nonstandard shapes, close tolerances and other unique characteristics, as demanded by end users. In terms of design, the manufacturers will have to experiment with a variety of various magnetic and nonmagnetic materials to gain competitive advantage in the market. As a result, manufacturers will have to create coils that perfectly match with the specified designs and meet the highest standards of quality. Adding to this, the demand for custom electromagnetic coils that deliver optimum performance in transformers, electric motors, semiconductors, medical devices, as air coil inductors, etc. is also anticipated grow in the coming years.
Global Coil Wound Devices Market: Segmentation and Forecast
The global coil wound devices market is segmented on the basis of application, device type, end-use sector and region.
By application, the electrical motor segment is forecasted to reach a valuation of nearly US$ 78,700 Mn in 2025, displaying a CAGR of 5.5% during 2017-2025.
By device type, the sensors segment was estimated to be valued at nearly US$ 14,200 Mn in 2017 and is anticipated to register a CAGR of 6.2% during the period of assessment.
By end-use sector, the industrial machinery and equipment segment was valued at about US$ 32,300 Mn in 2017 and is expected to reach a valuation of nearly US$ 51,520 Mn in 2025.
By region, the Asia Pacific coil wound devices market is likely to reach a valuation of nearly US$ 57,500 Mn by 2025, exhibiting a CAGR of 6.9% during the period of forecast.
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Global Coil Wound Devices Market: Competitive Landscape
Prominent players operating in the Coil Wound Devices Market players consist of the following:
ABB
Honeywell International Inc.
Parker Hannifin Corporation
Danaher Corporation
SIEMENS AG
Magnet-Schultz of America Inc.
Murata Manufacturing Co , Ltd.
Emerson
Schneider Electric
TDK Corporation
Asco Valve
Hubbell Industrial Controls
About Industrial Automation Domain of PMR@ https://www.persistencemarketresearch.com/category/industrial-automation.asp
The Industrial Automation team at Persistence Market Research provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team consults clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.
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