Coil Winding Machine Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Coil Winding Machine Market in 2025 is evaluated at USD 4.46 billion. The global Market size was more than USD 4.21 billion in 2024 and is anticipated to grow at a CAGR of more than 7.5%, reaching USD 10.78 billion revenue by 2037. Asia Pacific is projected to collect USD 3.77 billion by 2037, driven by faster penetration of Industry 4.0 and the rising production of electrical components.
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.
