the global electrical winding market size is expected to grow at a CAGR of 4.9% over the forecast period. Electrical windings are important components of electrical devices, such as generators, transformers, and motors. They are used to generate the magnetic field required for the operation of a device or to produce voltage using the application of external magnetic flux.
Electrical coil windings are used in many electronic devices, which in turn find application in a variety of end-use industries such as industrial plant, electronics and communication, medical equipment, power transmission and distribution, etc. The power transmission and distribution application accounts for a dominant share of the electrical windings market. Utilities are expanding their T&D networks by building new infrastructure to meet growing demand for reliable power and last-mile connectivity. At the same time, utilities in areas with older infrastructure are investing in equipment upgrades to ensure the reliability of electrical systems.
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Copper and aluminum were the two materials used in the electrical coil market. Copper offers superior conductivity and reliability, while aluminum is lightweight and has better flexibility. The emergence of electrical windings based on copper clad aluminum has broadened the horizon. The core of the winding wire is made of aluminum with a copper coating on the surface. This material offers the reliability and efficiency of copper with the lower weight and space properties of aluminum.
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Scope of electric coil windings
The study categorizes the electric coil winding market based on winding material, winding technology, winding type, application, and regions..
By roll-up Material Outlook (RevenueUSD million, 2017–2030)
- copper based
- Aluminum based
- Copper clad aluminum base
By Winding Technology Outlook (RevenueUSD million, 2017–2030)
- Toroidal core winding
- Flyer winding
- Linear winding
- Needle winding
By winding type (RevenueUSD million, 2017–2030)
- Wild winding / clutter
- Orthocyclic winding
- Helical winding
By Outlook app (RevenueUSD million, 2017–2030)
- Power transmission and distribution
- Reactors and chokes
- Transformers and coils
- Electromagnets and segmented cores
- Equipment coils
- Solenoid coils and actuators
- Relays and Switches
- Stator coils
- DC contactors
- Brake and clutch coils
- Ignition coils
- Electronics & Communication
- Antenna coils
- Sensor coils
- Coils for smartphones
- Medical catheters
- Other electric
Outlook by region (RevenueUSD million, 2017–2030)
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
The copper-based segment is expected to account for the largest market share by winding material
By winding material, electric coil windings are segmented into copper-based, aluminum-based, and copper-based. The copper-based segment accounts for the largest market share in 2021. Copper has low electrical resistance and allows current to flow easily. A major factor in its use of copper is that it can be configured and shaped to produce any shape of coil.
Current flow through coil windings of copper wire wound around an iron core creates an electromagnetic field which will oppose or attract the magnetic field provided by permanent magnets mounted on a drive shaft. The interaction of the electromagnetic field with the permanent magnetic field produces a torque. The voltage determines the motor output torque applied to the wire, the number of coils, coil windings, and density. The current flow determines the maximum speed of the motor through the coils. Therefore, the requirements of the application for which the motor will be applied largely determines the winding requirements of the coil, creating a design challenge for engineers.
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Asia Pacific represents the highest CAGR over the forecast period
Based on region, the global electric coil winding market has been segmented into North America, Asia–Pacific, Europe, South America, Middle East and Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global electric coil windings market over the forecast period. Region includes China, India, Japan, South Korea, Australia, Southeast Asia and Rest of Asia–Peaceful.
Energy demand, economic growth and infrastructure development in India and China are the main driver of market growth in the Asia-Pacific region. For example, until 2017, India had a national grid with an installed capacity of 326.8 GW and an energy consumption of 1114.41 TWh, which shows the investment in this sector . To control this high power consumption, the Indian government installs many transformers every year, increasing the demand for coil windings, helping the market to grow. The Indian government has set a target of 175 GW of installed renewable energy by the end of 2022, including 5 GW of small hydro, 10 GW of biomass, 60 GW of wind, 100 GW of solar. All these sectors are bound to use motors and eventually the consumption of coil windings will increase due to the trend of establishing renewable energy instruments. This scenario is common in other Asian countries such as China and Indonesia, which will contribute to the rapid growth of the electrical windings market.
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Main market players
Electric coil winding market is slightly concentrated in nature with few global players operating in the market such as North Devon Electronics, APW, Stimple & Ward, Endicott Coil, Quartzelec, Sag Harbor Industries, National Electric Coil, Stonite Coil, Peter Paul Electric, Precision Econowind, Swiger Coil Systems and others.