Press release
Ignition Coil Global Market Expected to Grow Over CAGR of ~3.8% through 2023
Global Ignition Coil Market Information Report by Type (Compression Ignition, Spark Ignition, Battery, Others), By Component (Spark Plug, Ignition Coil, Capacitor, Others), By Vehicle Type (LCV, HCV, Passenger Cars) and By Region - Global Forecast to 2023Market Scenario:
Ignition coil is used in the automobile ignition systems and can transform the voltage in the battery to create an electric spark that can ignite the fuel.
The major driver for the growth of the Ignition Coil Market can be attributed directly to the Global rise in automobile sales. The Global automotive industry has witnessed a satisfactory growth, especially in the case of emerging economies such as India, Thailand, Mexico and Indonesia. Rising urbanization, rise in per capita income and standard of living in these countries are contributing to the growth of the automotive industry. This is driving the Global ignition coils market. The market growth is also helped by the growing emphasis on sustainability and reduced fuel consumption so as to reduce air pollution.
The Global Ignition Coil Market is expected to grow over the CAGR of around 3.8 % during the forecast period.
Market Highlights
The Global market of ignition coil is growing rapidly. Technological advancement and heavy investments are helping both automotive glass manufacturers and consumers. Major factors such as rising automotive production, government initiatives, and strengthening transportation infrastructure are some of the factors driving the market. The use of new and improved electronic ignition system provides lesser deposits and a much cleaner combustion than the conventional ignition system. The Global automotive Ignition Coil Market is driven by continuous growth of Global automotive production. The high growth in automotive production, especially in developing countries such as China, India and Mexico, is expected to spur the Global Ignition Coil Market.
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The market has been analyzed based on the four segments of type, component, vehicle type and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of type the segments are Compression Ignition, Spark Ignition, Battery, Others. Compression ignition is also commonly referred to as diesel engine, largely because it is a staple of a diesel ignition. Gasoline requires the spark ignition in order to start, but diesel can be started through this alternative means of ignition. On the basis of components the segments are Spark Plug, Ignition Coil, Capacitor, Others. Automotive spark and glow plugs segment is influenced by a number of factors such as increasing automotive production, upcoming stringent emission norms and rising demand for high fuel efficiency. On the basis of vehicle type, it includes LCV, HCV and passenger cars. Passenger vehicles incude compact, sub-compact, mid-size, sedan, luxury, and vans. The passenger cars segment is expected to witness growth, mainly due to increasing demand for compact cars.
Regional Analysis:
The Asia-Pacific region is expected to dominate the Ignition Coil Market, owing to the increasing industrialization and urbanization. The rapid growth of various industries such as automotive, construction, aerospace and mass transport, is expected to contribute growth in the region. The large scope of foreign direct investment in the developing nations and also continuous commitment to minimize vehicle emissions add to the growth of the Ignition Coil Market in the region.
Key Players:
The key players of Ignition Coil Market are Robert Bosch GmbH (Germany), BorgWarner Ludwigsburg GmbH (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan), Federal-Mogul Corporation (US), Mitsubishi Electric Corporation (Japan), Hitachi Automotive Systems Americas, Inc. (U.S.), Wings Automobile Products Pvt. Ltd (India).
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This study provides an overview of the Global Ignition Coil industry, tracking three market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific, Rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Ignition Coil Market. Based on Technology, it is bifurcated as Gravity purifier, UV Purifier and RO Purifier. On the basis of End-User, it is segmented as Commercial and Residential. On the basis of Channel of Distribution, it is segmented as Retail stores, direct sales and Online. On the basis of Region, it is segmented as North America, Europe, Asia-Pacific and Rest of world.
BRIEF TOC:
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. GLOBAL MARKET SEGMENTATION
5. REGIONAL MARKET ANALYSIS
6. COMPETITIVE ANALYSIS
7. CONCLUSION
8. LIST OF TABLES
9. LIST OF FIGURES
The report for Global Ignition Coil Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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