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 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% between 2021 and 2027
Global Coil Wound Devices Scope and Market Size
The global Coil Wound Devices market is segmented by region (country), company, 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 sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Sensors
Bobbins
Electromagnetic Coils
Solenoids
Lightning Coil

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

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

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE