Increasing per capita consumption in emerging countries has led to an increasing demand for efficient coil wound devices for various industries such as automotive, food and beverages, pharmaceuticals, and agriculture, among others. This, in turn, has increased the shipment of electronic devices, and appliances which in turn has been a driving factor for the global coil wound devices market.Moreover, increasing adoption of coil wound devices in the automotive sector is anticipated to fuel the demand in near future.
Advancement and replacement of aging power infrastructure in the U.S. is one of the key factors driving the coil wound devices demand in North America. The aging electricity infrastructure will require new technologies to enable better failure detection. Traditional systems do not meet many emerging trends, such as growing penetration of distributed generation resources and need for greater resilience. The new transmission technologies combine power electronic devices with capacitors and inductors to provide a range of controlling capabilities for transmission and distribution systems. The demand for coil wound devices, especially transformers, is anticipated to witness a notable growth as they are important components that are used for carrying out electric grid transition from traditional designs to the designs of future in the coming years.

Market Analysis and Insights: Global and China Coil Wound Devices Market
This report focuses on global and China Coil Wound Devices market.
In 2020, the global Coil Wound Devices market size was US$ 16960 million and it is expected to reach US$ 21340 million by the end of 2027, with a CAGR of 2.9% during 2021-2027. In China the Coil Wound Devices market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Coil Wound Devices Scope and Market Size
Coil Wound Devices market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Coil Wound Devices market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Coil Wound Devices market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Sensors
Bobbins
Electromagnetic Coils
Solenoids
Lightning Coil

Segment by Application
Transportation
Industrial Machinery & Equipment
Medical Devices
Mining
Energy

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
ABB
Honeywell International
Parker Hannifin
Danaher
SIEMENS
Magnet-Schultz
Murata Manufacturing
Emerson
Schneider Electric
TDK
Asco Valve
Hubbell Industrial
Standex Electronics
Amtek Switch
Baldor Electric
TE Connectivity
Regal Beloit
Taiwan Shulin Enterprise