Major players in the transformer winding machines market are 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.
New York, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Transformer Winding Machines Global Market Report 2021: COVID-19 Growth And Change" - https://www.reportlinker.com/p06173907/?utm_source=GNW
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 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 market is expected to reach $1.14 billion in 2025 at a CAGR of 6.3%.
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.
The main types of transformer winding machines are automatic, semi-automatic, and manual.Automatic transformer winding machines are digitally controlled winding machines that are efficient.
These automatic transformer winding machines help to cut down on electricity waste. The different applications of transformer winding machines include power, automobile, electrical, electronics, healthcare, aerospace and defense, and others.
North America was the largest region in the transformer winding machines market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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.
For instance, in 2021, BTSR International, an Italy-based manufacturer of electronic sensors for quality control in manufacturing, launched its CWF 2000 device based on multi-patented system technology. Its design and execution enable it to feed the wire consistently and uniformly, regardless of the wire’s speed, which is linked to the machine speed and coil size, as well as the coil section or shape.
In June 2021, KAMIC Group AB, a Sweden-based company that manufactures communication equipment acquired Talema Group for an undisclosed amount.Through this acquisition, KAMIC Group AB expands its geographical presence which adds value to the existing business.
Talema Group is a US-based manufacturer of magnetic components such as transformers, toroids, inductors, and chokes with associated design work.
The increase in demand for electric vehicles is contributing to the growth of the transformer winding machines market over the coming years.In electric vehicles, the auxiliary battery provides electricity to power the vehicle, and the car charger port is used to connect to an external power source to charge the vehicle.
Charging stations are connected to the grid, which requires transformers to efficiently operate the power supply.The increased demand for transformers propels the requirement for transformer winding machines.
For instance, according to the International Energy Agency, electric car sales increased to 2.1 million in 2019, representing a 40% year-on-year increase. Therefore, the increasing demand for electric vehicles propels the growth of the transformer winding machines market.
The countries covered in the transformer winding machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Read the full report: https://www.reportlinker.com/p06173907/?utm_source=GNW
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