REPORT OVERVIEW
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The global foil winding machine market size is expected to be USD 88 million in 2022 and the market is projected to touch USD 112.4 million by 2028, with a growing CAGR of 4.2% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the foil market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.
Wire is woven into coils or windings using a machine known as a foil winding machine. The type of winding and the wire's roundness or flatness will depend on the application. Foil winding equipment is either fully or semi-automatic, dependent on the diameter and complexity of the coil that needs to be wound. They are used for a variety of purposes, such as the manufacture of capacitors for automobiles, business equipment, and home appliances.
Foil type coils for transformers, reactors, and other electrical products are wrapped using a foil winding machine. Layer insulation is made from aluminum or copper foils as the primary components. Winding machine for electric foil Transformers, welding machines, and other windings demand low loss and excellent performance to advance the power sector and conserve energy. In actual use, foil windings have shown to be the best kind. Foil windings are mostly utilized today for low voltage windings in power transformers with capacities under 2500 kVA. Dry-type transformers' electromagnets and high-voltage wires, electric welding machines, and induction coils have all started to be employed in addition to their low-voltage windings.
COVID-19 Impact: The COVID-19 Underlying Condition Crippled the Market Growth
Beginning in 2021, the COVID-19 disease spread rapidly around the world, infecting untold large numbers of individuals and adversely affecting the industries in which the affected workers worked. In the impacted areas, the authorities implemented foot restrictions and a work suspension on a global scale. Other than the groups who provide medical supplies and life support, activities have been severely impacted. The industry growth from the affected year-2021 will shift significantly on a brighter side as the global economy recovers. It is forecasted for the foil winding machine market share to grow potentially in the coming years.
LATEST TRENDS
Progressing Demand from the Industrial Sector to Augment the Market Growth
The industrial sector is where most foil winding machines are used. They have a large number of jobs in many different areas, such as the automotive, aerospace, and defense sectors. Foil winding is used to create coils or inductors for a range of industrial applications. They have a high capacity for production and a low cost per unit, which makes them popular in the industrial sector. The countries with the highest levels of demand for this equipment include China, Germany, Japan, South Korea, and South.
SEGMENTATION
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- By Type
Based on type the foil winding machine market is classified into fully-automatic, semi-automatic.
Fully-automatic is the leading part of the type segment.
- By Application
Based on application the foil winding machine market is classified as dry-type transformer, oil-immersed transformer and others.
Dry type transformer is the leading part of the application segment.
DRIVING FACTORS
"Increasing Demand from the Automotive Industry to Stimulate the Market Growth"
Due to the benefits these machines provide, the use of foil winding machines within the automobile industry is growing with pace. The fabrication of several components for the automotive sectors benefits greatly from the accuracy, speed, and efficiency of foil winding. Additionally, they work in the manufacturing of transformers, electric motors, solenoids, and other vehicle components. Fully-automatic winding machines are automated winding machines that can wind capacitors. A computerized system for loading and unloading capacitors makes it simple to load and remove them from the machine. It also includes a computerized control system that facilitates accurate capacitor winding. This sort of winding machine is typically required for high volume manufacturing runs.
"Increasing Use of Electric Vehicles to Drive Up the Market Demand "
In a broad effort to counteract the negative environmental impact and climate change, increasing the usage of electric vehicles has been suggested as a dual option to reduce fuel energy consumption as well as greenhouse gas emissions (GHG). The electrical vehicle industry has experienced significant growth in recent years. Thus, during the course of the forecast period, it is anticipated that the rising popularity of electric vehicles and smart homes would increase demand for capacitors and in correspondence boost the foil winding machine market share.
RESTRAINING FACTORS
"Raw Material Prices and Strict Government Regulations Can Alter the Market Growth"
The price swings for basic materials could somewhat impede market expansion. Furthermore, strict government guidelines for environmental safety may put market participants in a bind in terms of developing new products and cutting costs. Hence the fluctuating raw material prices and the strict government regulations can restrain the foil winding machine market growth significantly.
REGIONAL INSIGHTS
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"North America to Dominate the Market with Presence of Major Manufacturers and Suppliers"
The market for foil winding machines in North America is anticipated to eexpel throughout the analysis period. The demand for products with modern technology is growing, and consumer disposable income is expanding, which might be linked to the market's expansion. During the projected period, the market is also anticipated to develop as a result of the expanding demand from important end-use industries including the automotive and industrial sectors. Due to the region's growing industrial and automotive industries' increased demand for capacitors, the Latin American market is expected to expand.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players, and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
List of Market Players Profiled
- Tuboly-astronic (Swizterland)
- Lae Srl (Italy)
- Shanghai Honghua (China)
- Acme Mechatronics Inc (U.S.)
- Kunshan ankong Equipment Development Co. Ltd (China)
- Daling Machines (China)
- ARES Trafo (Turkey)
- SHUOHAO (China)
- Trishul Winding Solutions (India)
- Lapp Gmbh (Germany)
- BF Srl (Italy)
- UPI (U.S.)
- Transwind Technologies (India)
- Broomfield (U.S.)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 88 Million in 2022 |
| Market Size Value By | US$ 112.4 Million by 2028 |
| Growth Rate | CAGR of 4.2% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Types & Application |
| Regional Scope | Global |
Frequently Asked Questions
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What value is the foil winding machine market expected to touch by 2028?
The global foil winding machine market is expected to reach USD 112.4 million by 2028.
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What CAGR is the foil winding machine market expected to exhibit by 2028?
The foil winding machine market is expected to exhibit a CAGR of 4.2% by 2028.
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Which are the driving factors of the foil winding machine market?
The increasing demand from the automotive industry and the increasing use of electrical vehicles are the driving factors of the foil winding machine market.
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Which are the top companies operating in the foil winding machine market?
Broomfield, LAE Srl, Kirpekar, ACME Mechatronics, Inc., BF S.r.l., Transwind Technologies, UPI CO. LTD., Synthesis Winding Technologies, Trishul Winding Solutions, BR Technologies, SDRI, Jinan STO Machinery, Shandong Darling Machinery, Kunshan An Control Development Equipment and others.
