Coil Winding Machines Market size was over USD 4.21 billion in 2024 and is anticipated to reach USD 10.52 billion by the end of 2037, witnessing around 7.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of coil winding machine is assessed at USD 4.46 billion. The growth of the market can be attributed to the growing demand for renewable energy. In the coming next five years, nearly 90% of electricity will be sourced from renewable sources. Moreover, it is expected the share of renewable in electrification will increase by over 60% from the levels in 2020, by the end of 2026. Renewable energy systems rely heavily on inductors and transformers for power conversion. Hence, the need for coil winding machines becomes important to manufacture these components.
In addition to these, a factor that is believed to fuel the growth of coil winding machines market due to rising initiatives to procure energy-efficient machinery. Rwanda was the first developing nation to launch a National Action Plan for Sustainable Cooling. Moreover, Ghana has recently established an economic framework to encourage the purchase of high-efficiency cooling equipment. Adherence to these laws is frequently a legal obligation, compelling manufacturers to develop and implement energy-efficient machinery such as industrial machines, coil winding machines, and others.
Growth Drivers
Challenges
Impact of Environment – The use of coil winding needs special environmental settings. The normal use of the machinery can be severely impacted by sound vibrations, dust, and humidity. In any such circumstances, the normal state and working of the winding machine are affected.
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.3% |
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Base Year Market Size (2024) |
USD 4.21 billion |
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Forecast Year Market Size (2037) |
USD 10.52 billion |
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Regional Scope |
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Operation (Automatic Coil Winding Machine, Semi-Automatic Coil Winding Machine, Manual Coil Winding Machine)
The automatic coil winding machine segment is estimated to hold 58% share of the global coil winding machines market in the year 2037. The growth of the segment can be attributed to the growing demand for electrical components and rising investment in the electrical sector. With rapid industrialization, the need for electrification, and automated machines has been majorly driven. To support the huge demand, the automatic coil winding machine is gaining traction, as it can wind the coil at a much faster rate with far more precision. The overall production and efficiency have been boosted with the use of automatic coil winding machines.
End User (Automotive, Electronic, Textile, Construction)
Coil winding machines market from the electronic segment is expected to garner a significant share of around 30% in the year 2037. The world is becoming increasingly reliant on electrical technological equipment such as cell phones, computers, and connected technology, all of which rely on electricity. The increasing consumption of electricity has increased the demand for transformers, it is the major factor, which is driving the growth of the segment in the market. In 2020, around 6,000 power transformers were deployed all across the world.
Our in-depth analysis of the global coil winding machines market includes the following segments:
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Operation |
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Spindle Number |
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Machine Type |
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End User |
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APAC Market Forecast
The coil winding machines market in Asia Pacific is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the faster penetration of 4.0 industrialization in the region. So much so that, between 2011 and 2022, the yearly investment of companies actively engaged in Industry 4.0-related activities increased by 319%. The rising production of electrical components is also expected to drive market growth in the region over the forecast period.
North American Market Statistics
The North America coil winding machines market is estimated to be the second largest, registering a share of about 24% by the end of 2037. The growth of the market can be attributed majorly to the rising manufacturing and procurement of transformers in the region. Hyundai Electric America Corp. secured a USD 86.3 million contract with American Electric Power (AEP) in January 2023 to deliver 3,500 distribution transformers. AEP plans to install the devices in Texas, Ohio, and Oklahoma, where the company distributes power. Furthermore, the growing production of electricity in the region is also contributing to its market growth.
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Author Credits: Richa Gupta
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