It’s high time the aging/obsolete power infrastructure across the globe (the US, in particular) needs to be replaced. The conventional systems lag behind when it comes to need for better resilience. This factor is bound to help the coil wound devices stand in a good stead in the forecast period. Persistence Market Research, through its team of analysts and consultants, is all set to present its latest market study entitled “Coil Wound Devices Market”.
How is the Coil Wound Devices Market categorized?
The global coil wound devices market, by application, spans electrical motors (AC motors and DC motors), transformers (high voltage, medium voltage, and low voltage), valves & actuators, switches, contactors & relays, and various other electrical devices. By type of device, it’s sensors, bobbins, electromagnetic coils, solenoids, and lighting coil.
By end-use sector, it’s transportation (railways, automotive, marine, aerospace), industrial machinery & equipment, medical devices, mining, and energy (power generation & distribution and oil & gas). Persistence Market Research has walked through these facts with future prospects in its latest market study entitled “Coil Wound Devices Market”.
North America holds the largest market share, followed by Europe and the Asia-Pacific. However, the market is expected to be subject to turbulence due to certain occurrences. For instance – with the government of the US withdrawing from 2015 Paris Climate Agreement, the transformation to renewable energy is likely to happen pretty slowly.
Also, policy decisions inclusive of Production Tax Credit, Investment Tax Credit, and Clear Power Plan are likely to induce volatility in the coil wound devices market. As such, passive components could face a dearth in demand. Persistence Market Research has mentioned about these findings with insights in its latest market study entitled “Coil Wound Devices Market”.
Persistence Market Research has profiled the key participants in coil wound devices market 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, Taiwan Shulin Emterprise Co., Ltd., and others.
These players are engaging in various modes of expansion like mergers, acquisitions, new product launch, partnerships, and joint ventures for keeping themselves afloat in the coil wound devices market.
The Way Ahead
The global coil wound devices market is expected to get catapulted to exponential growth in the next 10 years – Persistence Market Research