Global Electrical Coil Winding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electrical Coil Winding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electrical coil windings are one of the most essential components in most major electrical equipment such as transformers, motors, and generators, serving as circuit elements to provide magnetic fields for motors, transformers, and generators, among others. Electrical coil windings are used to generate the magnetic fields required for equipment operation or to generate voltages for applications using external magnetic flux. Electrical coil windings are used in many electronic devices, which find applications in various end-use industries such as industrial facilities, electronics and communications, medical equipment, power transmission and distribution, and more.

Market Overview:

The latest research study on the global Electrical Coil Winding market finds that the global Electrical Coil Winding market reached a value of USD 7243.5 million in 2022. It’s expected that the market will achieve USD 10249.1 million by 2028, exhibiting a CAGR of 5.96% during the forecast period.

Influence of COVID-19 Outbreak on Electrical Coil Windings Industry Development

In 2020, the global spread of the new coronavirus pneumonia has caused practical difficulties such as long-term shutdowns and supporting supply and logistics delays for manufacturing companies and has also brought corresponding challenges to the electrical coil winding industry in the manufacturing segment. challenge. The impact of the epidemic on the global electrical coil winding industry is mainly manifested in time. Enterprises were forced to suspend work and production for some time, and the production plan was disrupted. The first quarter was delayed, so the plans for the next few quarters were also affected. From raw materials, accessories, and parts processing to downstream enterprises, if there is a problem in a certain link, the entire industrial chain cannot continue. In the international market, due to the suspension of work and production of enterprises, it is impossible to deliver goods to foreign customers as scheduled and in quantity according to the contract, which affects exports. Although some companies try their best to save losses by issuing irresistible factor certificates if the company is not the only supplier of the other party, customers will consider changing suppliers or moving to other markets. After the epidemic is over, the losses during the delayed period will ultimately be paid by the market and consumers. During the epidemic, the market supply is in short supply, which cannot meet the needs of the market and consumers. Although they are all encouraging the resumption of work and production, the overall situation is that only some employees have arrived, and logistics, supply chains, etc. cannot keep up in time. With the gradual unblocking of the epidemic, the electrical coil winding market is expected to gradually recover.

Strength

Have a complete industrial chain.
Electric coil winding material costs continue to decrease.
The level of production equipment is improved.
Improve corporate management capabilities and encourage innovation.

Weakness

Lack of professional talents, especially high-level professional skills and technical talents need to be strengthened.
Industry integration and quality level need to be strengthened.
The disconnect between production, education, and research is not conducive to the application of new technologies.

Threat

The international situation is not optimistic, such to the impact of the new crown and the war between Russia and Ukraine.
Labor costs are rising.
Unbalanced regional development.

Opportunity

Market demand keeps growing.
New technology development promotes industry progress.
Intelligent manufacturing promotes efficiency improvement and large-scale production of electrical coil winding production.

Region Overview:

In 2022, the share of the Electrical Coil Winding market in Asia-Pacific stood at 48.88%.

Company Overview:

KUK is one of the major players operating in the Electrical Coil Winding market, holding a share of 2.27% in 2023.

KUK

The KUK Group is a leading manufacturer of customer-specific winding products and electronics. Thanks to its in-house development department and integrated machine and tool manufacturing, KUK can produce flexible, reliable, and highest-quality inductive components for the automotive, industrial, medical, and sensor sectors.

Quartzelec, Ltd

Quartzelec is the UK's leading independent electrical engineering group, providing design, manufacture, installation, maintenance, and service solutions to customers in various industrial and commercial sectors. An engineering authority with over 100 years of experience in electrical contracting, tor repair, and maintenance.

Segmentation Overview:

By type, Copper-Based segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electrical Coil Winding market covered in Chapter 3:

MiDEN
AGW Electronics, Ltd.
Classic Coil Company, Inc.
North Devon Electronics
Stimple & Ward Company
Selco Company, Ltd.
Sag Harbor Industries, Inc.
Anstee Coil Technology Ltd
National Electric Coil, Inc.
Badger Magnetics
R Baker (Electrical), Ltd.
Pingxiang Jinyang Electronics Co., Ltd
APW Company
Quartzelec, Ltd.
KUK
Stonite Coil Corporation
Everson Tesla, Inc.
Endicott Coil Company, Inc.
Precision Econowind, Inc.
Quality Coils, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrical Coil Winding market from 2018 to 2029 is primarily split into:

Copper-Based
Aluminium-Based
Copper Clad Aluminium-Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrical Coil Winding market from 2018 to 2029 covers:

Industrial
Automotive
Electronics & Communication
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)