Coil Winding Machine Market Trends

Growth Drivers

• Rising Automation Across Manufacturing Industries – In the next 10 year, nearly 80% of manufacturing industries is likely to be automated. It is one of the most impacted industries by automation, over 64 percent of the world's manufacturing processes are regarded as automatable. Automation coil winding machines can work 24/7, without any breaks which leads to effective manufacturing and productivity increases.

• Increasing Investment in the Power Grids– Worldwide expenditure for power grids grows during the energy transition, from USD 280 billion per year in 2015-20 to USD1 trillion per year by 2050. The new investment in the power grid to improve resilience, reliability, and efficiency. This investment leads to the development of smart grid networks and the replacement of old inductors and transformers.

• Growing Demand for Consumer Electronics– Customized coils and transformers built to suit specific performance and size constraints are frequently required by consumer electronics manufacturers. Coil winding machines can potentially be configured to effectively manufacture these unique components. Moreover, the quality and efficiency of electronics also depend on the high-quality coil and precision winding produced by the machines.

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.

• Technological Complexity in its Manufacturing

• Compatibility Issues with the Materials Used for Coiling