Market Overview:
The global induction coils market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for induction coils in various applications such as armarium, industrial, and others. Miniature induction coils are expected to witness high demand due to their low power consumption and small size as compared with large and oversized induction coils. North America is estimated to hold the largest share of the global market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
An induction coil is a device used to create an alternating current in a conductor by using the magnetic field of a current-carrying coil. The induced current flows through the conductor in the opposite direction to that of the inducing current. An induction coil can be used to power an electric light or motor, or it can be used as part of an electronic circuit.
Mini:
The induction coil is an electromagnetic device which generates an electric current when a magnetic field is applied to it. The primary function of the induction coil is to convert Alternating Current (AC) into Direct Current (DC). In other words, the Induction Coils are used in electrical appliances such as hair dryers, coffee makers, and kettles. It also finds application in electronic devices such as cell phones and computers where it used for data transmission or reception purposes.
Large:
Large is a type of Magnetron which produces microwaves in the range from 3 to 30 GHz. The magnetrons are used for generating high-frequency electromagnetic waves, which are further applied to the antenna for wireless communication.
The size of a magnetron varies depending upon its application and design.
Application Insights:
The industrial segment led the global induction coils market in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing demand for electric motors across various industries, such as automotive, construction, consumer electronics and appliances. The others application segment includes healthcare equipment and food & beverage industry. Induction cookware with a coil burner is used in restaurants, hotels and other foodservice industries to quickly boil water with minimal energy consumption.
The Others application segment was valued at USD 544 million in 2017 owing to its rising adoption across several end-use industries including medical equipment manufacturing where it is used for heat treatment processes of components such as surgical instruments that require high precision temperatures during their production runnings from raw materials through various stages of fabrication or machining operations respectively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for induction coils over the forecast period. The growth can be attributed to increasing demand from end-use industries, such as medical, industrial, and others. Increasing disposable income coupled with growing population in this region has led to an increase in consumer spending on household appliances including refrigerators and induction cookers. This trend is projected to drive regional product demand over the forecast period.
The North America market was valued at USD X million in 2017 owing to high consumption of electric motors used for pumping water or oil based products such as vegetable oil or gas among others across various applications such as food processing units, chemical plants and refineries among others across U S A & Canada which are anticipated to drive product demand over the coming years.
Growth Factors:
- Increasing demand for electric vehicles
- Rising demand from the industrial sector
- Growing popularity of wireless charging technology
- Proliferation of smart devices and the Internet of Things (IoT)
- Emerging markets offering lucrative growth opportunities
Scope Of The Report
Report Attributes
Report Details
Report Title
Induction Coils Market Research Report
By Type
Mini, Large, Oversized
By Application
Armarium, Industrial, Others
By Companies
EGD Induction, Magneforce, Able Coil Electronics, Caterina Engineering, Hermetic Coil Co, PNC Inc, Swiger Coil Systems, Wirewinders Inc, Warsaw Coil Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Induction Coils Market Report Segments:
The global Induction Coils market is segmented on the basis of:
Types
Mini, Large, Oversized
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Armarium, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EGD Induction
- Magneforce
- Able Coil Electronics
- Caterina Engineering
- Hermetic Coil Co
- PNC Inc
- Swiger Coil Systems
- Wirewinders Inc
- Warsaw Coil Company
Highlights of The Induction Coils Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mini
- Large
- Oversized
- By Application:
- Armarium
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Induction Coils Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An induction coil is a type of electrical transformer that uses the principle of induction to produce an electric current. The coil is made up of several turns of wire around a magnetic core, and when the current flows through the coil, it induces a voltage in the surrounding wire. This voltage can then be used to power devices like lights or motors
Some of the major players in the induction coils market are EGD Induction, Magneforce, Able Coil Electronics, Caterina Engineering, Hermetic Coil Co, PNC Inc, Swiger Coil Systems, Wirewinders Inc, Warsaw Coil Company.
The induction coils market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Induction Coils Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Induction Coils Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Induction Coils Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Induction Coils Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Induction Coils Market Size & Forecast, 2020-2028
4.5.1 Induction Coils Market Size and Y-o-Y Growth
4.5.2 Induction Coils Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mini
5.2.2 Large
5.2.3 Oversized
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Armarium
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Induction Coils Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Induction Coils Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mini
9.6.2 Large
9.6.3 Oversized
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Armarium
9.10.2 Industrial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mini
10.6.2 Large
10.6.3 Oversized
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Armarium
10.10.2 Industrial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mini
11.6.2 Large
11.6.3 Oversized
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Armarium
11.10.2 Industrial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mini
12.6.2 Large
12.6.3 Oversized
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Armarium
12.10.2 Industrial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mini
13.6.2 Large
13.6.3 Oversized
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Armarium
13.10.2 Industrial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Induction Coils Market: Competitive Dashboard
14.2 Global Induction Coils Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EGD Induction
14.3.2 Magneforce
14.3.3 Able Coil Electronics
14.3.4 Caterina Engineering
14.3.5 Hermetic Coil Co
14.3.6 PNC Inc
14.3.7 Swiger Coil Systems
14.3.8 Wirewinders Inc
14.3.9 Warsaw Coil Company
