Coil Wound Devices Market Driven by Increasing Applications in Electric Motors

ALBANY, USA, 2018-May-15 — /EPR Network/ —A new research study titled “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” has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global demand for coil wound devices market is likely to witness a CAGR of 5.4% and reach a valuation of over US$ 119 Bn by the end of the forecast period.

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The report discusses drivers, restraints and opportunities available in the market of coil wound devices globally. The report commences with an executive summary that offers readers brief information on the entire report. The executive summary offers information on the global CAGR, key driving factors, restraints, and leading companies in this market. The succeeding sections of the report offer detailed information on the basis of key segments and regions. A detailed competition landscape gives readers insights into the leading and new entrants in this market.

According to the report, leading players are able to consolidate their position in the market owing to bulk production at low pricing. However, new entrants, who have limited inventory and relatively weaker distribution channels are not able to adopt a similar strategy. On account of this, the market remains heavily dominated by a handful of players.

According to the report, the global market for coil wound devices continues to be influenced by evolving end user demand towards customized offerings. The semiconductor, electric motors, and medical devices industry is looking for customized solutions that delivery optimum performance under various conditions. In a view of this, manufacturers have been influenced to offer coil wound devices that offer the required level of flexibility and customization.

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The report has segmented the global coil wound devices on the basis of application, end-use, device type, and region. According to the report, electric motors continue to be the largest application segment for coil wound devices, whereas sensors are likely to be the prominent device type. Industrial machinery and equipment will maintain its position as the leading end-use segment, whereas Asia Pacific will continue to be the leading market, with a valuation of over US$ 57 Bn by the end of 2025.

The report also identifies the leading players in the coil wound devices market. According to the report, the key players in the coil wound devices market include ABB, Honeywell International Inc., Danaher Corporation, SIEMENS AG, Magnet-Schultz of America Inc., Standex Electronics, Hubbell Industrial Controls, Parker Hannifin Corporation, Regal Beloit Murata Manufacturing Co. Ltd., Emerson, Schneider Electric, TDK Corporation, Amtek Switch, Baldor Electric, Asco Valve, TE Connectivity, and Taiwan Shulin Enterprise Co., Ltd.

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