Global Market Study on Coil Wound Devices: Industrial Machinery & Equipment End Use Sector to Hold over 40% Value Share in the Global Market by 2025
Persistence Market Research presents a new report titled 'Coil Wound Devices Market: Global Industry Analysis 2012 - 2016 and Forecast 2017 - 2025' that studies the performance of the global coil wound devices market over an eight year assessment period from 2017 to 2025. 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.
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: Competitive Landscape
The report profiles some of the top companies operating in the global coil wound devices market such as 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, Standex Electronics, Amtek Switch, Baldor Electric, TE Connectivity, Regal Beloit and Taiwan Shulin Enterprise Co., Ltd.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Persistence Market Research U.S. Sales Office: 305 Broadway, 7th Floor New York City, NY 10007 +1-646-568-7751 United States USA - Canada Toll-Free: 800-961-0353 Email: firstname.lastname@example.org