Coil Wound Device Market

Coil Wound Device Market Outlook (2024 to 2034)

Fact.MR, in its newly published study, says that the global coil wound device market size is pegged at US$ 2,249.0 million in 2024. Global demand for coil wound device is forecasted to increase at 5.4% CAGR and reach a market value of US$ 3,805.7 million by the end of 2034.

The coil wound device market is expected to experience growth opportunities in emerging economies, attributed to the ongoing infrastructure development, which plays a pivotal role in driving economic growth and improving the overall quality of life. In the context of ongoing infrastructure projects, the demand for coil wound devices is influenced by their essential roles in construction, power distribution, and various related applications.

Infrastructure development projects often involve the expansion and enhancement of power generation and distribution systems. Coil wound devices, particularly transformers and inductors, are crucial components in power infrastructure. Transformers are used to step up or step down voltage levels for efficient long distance power transmission, ensuring that electricity is distributed effectively across the growing infrastructure.

Infrastructure development frequently includes the electrification of transportation systems, such as the construction of electric railways and the implementation of electric vehicle charging networks. Coil wound devices are integral to these projects, providing components for power distribution, charging stations, and traction systems in electrified transportation.

Report Attributes	Details
Coil Wound Device Market Size (2024E)	US$ 2,249.0 million
Forecasted Market Value (2034F)	US$ 3,805.7 million
Global Market Growth Rate (2024 to 2034)	5.4% CAGR
East Asia Market Share (2034F)	41.3%
Demand Growth in Japan (2024 to 2034)	6.0% CAGR
China Market Value (2034F)	US$ 905.5 million
Demand for Bobbins (2034F)	US$ 1,031.3 million
Revenue Share of Transformers Segment (2034F)	46.5%
Key Companies Profiled	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

Which Coil Wound Device Market Trends are Opening New Opportunities for Manufacturers?

“Rising Demand in Automotive Industry to Fuel the Market Growth”

The rising demand for coil wound devices in the automotive industry, especially in the context of electric vehicles, is a result of several factors that contribute to the evolution of automotive technology. EVs operate on electric powertrains, which rely heavily on various electrical components for energy conversion and distribution. Coil wound devices, such as transformers, inductors, and coils, play crucial roles in managing and controlling the flow of electrical energy within the powertrain.

Electric vehicles use electric motors for propulsion, and these motors require inverters to convert DC power from the battery to AC power for the motor. Coil wound devices, like inductors and transformers, are integral components within these motor and inverter systems. They help in controlling the voltage, current, and frequency of the electrical signals, ensuring efficient and smooth operation of the electric motor.

There is a growing need for coil wound devices in charging stations, as the infrastructure for electric vehicle charging continues to expand. Transformers and inductors are essential components in the power electronics of charging stations, helping to regulate and manage the flow of electricity from the grid to the battery of the vehicle.

“Technological Advancements to Accelerate the Market Growth”

Technological advancements in coil winding play a crucial role in enhancing the efficiency and performance of devices across various industries. Coil winding is a fundamental process in the manufacturing of electrical components, such as transformers, inductors, and coils.

Research and development efforts focus on identifying and utilizing advanced materials for coil winding. High performance magnetic materials with improved permeability and reduced core losses contribute to increased efficiency. Materials with enhanced thermal conductivity also aid in better heat dissipation, improving the overall reliability and longevity of coil wound devices.

Advancements in precision winding techniques allow manufacturers to achieve tighter tolerances and more uniform winding patterns. The precision is essential for optimizing the electrical characteristics of the coil, reducing losses, and improving the overall efficiency of the device. Automated winding processes with computer controlled equipment ensure consistency and accuracy in winding.

“Industrial Automation and IoT Integration to Contribute Significantly”

The increasing trend towards industrial automation and the integration of the Internet of Things in various industries have significant implications for the demand for coil wound devices. The devices, such as sensors, actuators, and other electronic components, are critical elements in the automation and connectivity of industrial processes.

Sensors are fundamental components in industrial automation, providing real time data on various parameters such as temperature, pressure, and proximity. Coil wound devices, such as inductive sensors and transformers, are essential for the functioning of these sensors. Inductive sensors, for instance, use coils to detect changes in magnetic fields, allowing for precise and reliable measurement of physical quantities.

Industrial automation relies heavily on actuators and motors to control mechanical systems. Coil wound devices, particularly coils and inductors, are integral components in the construction of electromagnets used in actuators and motors. The devices convert electrical energy into mechanical motion, facilitating the automation of processes in manufacturing, robotics, and other industrial applications.

Which Factor is Restraining the Demand for Coil Wound Device?

“Technological Obsolescence to Restrain the Market Growth”

Technological obsolescence refers to the process by which existing technologies become outdated or irrelevant due to the rapid pace of technological advancements. New materials with improved properties, such as higher permeability or lower core losses, can enhance the performance of coil wound devices. Companies that do not adopt these advanced materials may produce components that fall behind in terms of efficiency and effectiveness.

Ongoing research and development lead to innovations in the design of coil wound devices. Novel designs may result in components with better energy efficiency, reduced size, and enhanced reliability. Companies that fail to incorporate these design improvements may find their products less competitive in the market.

The integration of automation and robotics in coil winding processes can significantly improve efficiency and precision. Companies adopting automated systems may achieve higher production rates, better quality control, and cost savings. Those slow to adopt automation may face challenges in terms of competitiveness and production efficiency.

What Strategy Should Start-ups Incorporate to Enhance Their Market Presence?

“Electrification of Industries is Key to Gaining Competitive Edge”

The trend towards electrification in various industries is a transformative shift that involves replacing traditional mechanical or manual processes with electrical alternatives. The transition has profound implications for the demand for coil wound devices, as these components play crucial roles in powering, controlling, and distributing electrical energy within electrified systems.

Electrification involves the widespread adoption of electrical power distribution systems to replace or complement traditional power sources. Coil wound devices, such as transformers, are essential components in power distribution networks. They facilitate the efficient transmission of electrical energy across various voltage levels, ensuring that power is distributed reliably and safely to different parts of industrial facilities.

One of the central aspects of electrification in industries is the replacement of mechanical power sources with electric motors. Coil wound devices, including stators and rotors, are integral components of electric motors. The devices convert electrical energy into mechanical motion, powering various machinery and equipment in manufacturing plants, healthcare facilities, and other industrial settings.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, asserts in its newly published study that North America is predicted to hold a 28.0% share of the global market by 2034. Innovations in materials science, including the development of new materials with enhanced electrical and thermal properties, can contribute to the improvement of coil wound device performance.

What is the Scenario of the Market in the United States?

“Electrification Trends to Augment the Growth”

Attribute	United States
Market Value (2024E)	US$ 491.4 million
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 810.9 million

The United States is predicted to account for 76.1% of the North American market by 2034. The ongoing trend of electrification in various sectors, including transportation and industrial applications, creates demand for coil wound devices used in electric motors, transformers, and other electronic components.

The growth of the electric vehicle market in the United States drives demand for coil wound devices used in electric drivetrains, charging infrastructure, and auxiliary systems within EVs. The adoption of advanced manufacturing technologies, including precision coil winding techniques and automation, can enhance the efficiency and competitiveness of the coil wound device manufacturers in the country.

Government initiatives and infrastructure investment plans, including those related to smart grids, power distribution, and energy efficiency, contribute to the demand for coil wound devices in the development and upgrade of electrical infrastructure.

What is Projected to Propel Demand for Coil Wound Device in China?

“Electronics Manufacturing Boom in China to Fuel the Demand”

Attribute	China
Market Value (2024E)	US$ 518.2 million
Growth Rate (2024 to 2034)	5.7% CAGR
Projected Value (2034F)	US$ 905.5 million

China is forecasted to hold a 57.6% share of East Asia market revenue by 2034. China is a global hub for electronics manufacturing, and the continued growth of this sector, including the production of consumer electronics, appliances, and industrial equipment, contributes to the demand for coil wound devices.

The push for industrial automation and the adoption of robotics in manufacturing processes drive the demand for coil wound devices used in motors, actuators, and other automation components. The widespread deployment of 5G technology in China fuels the demand for coil wound devices in communication systems, base stations, and other infrastructure components supporting the 5G network.

The robust growth of the consumer electronics market in China, including smartphones, tablets, and wearable devices, contributes to the demand for coil wound devices as essential components in electronic devices.

What is Projected to Propel Demand for Coil Wound Device in Japan?

“Focus on Innovation to Enhance Market Prospects”

Attribute	Japan
Market Value (2024E)	US$ 263.4 million
Growth Rate (2024 to 2034)	6.0% CAGR
Projected Value (2034F)	US$ 470.0 million

Japan is anticipated to hold a 29.9% share of East Asia market revenue by 2034. Japan's efforts to upgrade and modernize its electricity infrastructure create opportunities for coil wound devices used in transformers, power distribution, and other critical components.

Commitment of the country to research and development and its focus on technological innovation can lead to advancements in coil winding technologies and materials, driving the growth of the coil wound device market.

Initiatives related to smart grid development, including advanced monitoring and control systems, are anticipated to increase the demand for coil wound devices in Japan's electrical infrastructure. Japan's position in the global supply chain, especially in electronics and automotive manufacturing, can contribute to the demand for coil wound devices as part of production processes and components.

Category-wise Insights

Based on device type, global demand for coil wound device is projected to rise significantly in the bobbins segment. The consumer electronics market continues to grow, driven by innovations in smartphones, tablets, wearables, and other electronic gadgets. Bobbins are used in the production of various components within these devices, contributing to the segment's growth.

Which Device Type to Contribute Significantly in the Sales of Coil Wound Devices?

“Bobbins are Expected to Accelerate the Demand for Coil Wound Devices”

Attribute	Bobbins
Segment Value (2024E)	US$ 605.0 million
Growth Rate (2024 to 2034)	5.5% CAGR
Projected Value (2034F)	US$ 1,031.3 million

The bobbins segment of coil wound device is forecasted to hold 27.1% of the market share by 2034. Bobbins are commonly used in the manufacturing of various electronic components, including transformers and inductors. The demand for bobbins is likely to increase, with the continuous growth of the electronics manufacturing sector.

Bobbins play a crucial role in power electronics applications, such as power transformers and inverter systems. The growing adoption of power electronics in renewable energy systems, electric vehicles, and other applications can drive the demand for bobbins.

The trend toward miniaturization in electronic devices requires compact and efficient components. Bobbins are essential in creating compact coils and transformers, making them suitable for applications where space is a critical factor.

Which Application of Coil Wound Device is Set to Occupy a Leading Market Share?

“Transformers Segment is Expected to be the Dominant Application”

Attribute	Transformers
Segment Value (2024E)	US$ 1,077.4 million
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 1,769.6 million

The transformers segment is predicted to occupy a 46.5% share of the global market by 2034. The ongoing expansion and upgrade of power infrastructure, including electricity transmission and distribution networks, contribute to increased demand for transformers. Coil wound devices are integral components in the construction of transformers used for power distribution.

The increasing adoption of electric vehicles and the electrification of transportation systems require transformers for charging infrastructure and power distribution. Coil wound devices play a key role in the manufacturing of transformers used in these applications.

Transformers are widely used in various industrial applications to step up or step down voltage levels. Coil wound devices are essential components in the manufacturing of transformers for industrial power distribution and equipment.

Competitive Landscape

Leading suppliers In the coil wound device industry are adopting diverse strategies to accomplish their objectives. The approaches encompass embracing innovation, implementing rigorous product quality control measures, establishing strategic partnerships, optimizing systems for supply chain management, and continually advancing their products and technologies.

Company Portfolio

• ABB is a global technology company providing a wide range of products, including coil wound devices. The company is known for their expertise in power and automation technologies.
• Siemens is a multinational conglomerate with a diversified portfolio, including products related to energy, healthcare, and industry. The company offers coil wound devices as part of their industrial solutions.

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, are key players in the coil wound device market.

Segmentation of Coil Wound Device Market Research

• By Device Type:

  • Sensors
  • Bobbins
  • Electromagnetic Coils
  • Solenoids
  • Lightning Coil

• By Application:

  • Electrical Motors
  • Transformers
  • Valves and Actuators
  • Switches, Contractors and Relays
  • Other Electrical Devices

• By Region:

  • North America
  • Europe
  • East Asia
  • Latin America
  • Middle East & Africa
  • South Asia & Oceania