Global Transformer Winding Machines Market Outlook, Opportunities And Strategies
Learn about the global transformer winding machines market through The Business Research Company, which provides information on transformer winding machines market size, transformer winding machines market drivers and restraints, transformer winding machines market players, the COVID-19 impact on the transformer winding machines market, and more.
The global transformer winding machines market is expected to grow from $0.83 billion in 2020 to $0.89 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth in the transformer winding machines market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The transformer winding machines market is expected to reach $1.14 billion in 2025 at a CAGR of 6.3%.
Increase in demand for electric vehicles are expected to drive innovation in transformer winding machines manufacturing, thus driving the market during the forecast period.
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The transformer winding machines market consists of sales of transformer winding machines by entities (organizations, sole traders, and partnerships) that are used to produce coils for transformers. Transformers winding machines or coil winding machines are used for winding of coil on the bobbin (the cylindrical platform on which the copper coil is winded) to make a transformer. They are also used for winding coils for toroidal transformers that have copper wire wrapped around a cylindrical core.
Global transformer winding machines market segments include:
By Type: Automatic, Semi-Automatic, Manual
By Application: Power, Automobile, Electrical, Electronics, Healthcare, Aerospace And Defence, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the transformer winding machines market in 2020.
The growing technological advancement is a key trend gaining popularity in the transformer winding machines market. Major companies operating in the transformer winding sector are focused on developing technological solutions for the transformer winding market to strengthen their position.
TBRC’s transformer winding machines market report covers:
Major Market Players: SILMEK SRL, ACME Electronics, Synthesis Winding Technologies, Sagar Industries, Specific Mechatronics, Transwind Technologies, Tesca Technologies, Keshav Precision Products, KB Machineries, Young Technocrafts, Formertron Engineering Pvt Ltd, Transwind Technologies, Sanghani Electricals, Associated Technocrats, and H. K. Enterprises.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Transformer Winding Machines Global Market Report 2021 : COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides transformer winding machines market overviews, analyzes and forecasts market size, share, transformer winding machines market players, transformer winding machines market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s transformer winding machines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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