Global Electronic Coils, Transformers and Other Inductors Market to Reach $14.3 Billion by 2017, According to New Report by Global Industry Analysts, Inc.
San Jose, CA (Vocus/PRWEB) April 13, 2011
Electronic coils, transformers, and inductors are part of electronic components known as passive components. These components are a vital building block in various types of appliances and electronic devices. OEMs constitute the primary end-users of electronic components. The coil and transformer industry is witnessing rapid innovations in terms of miniaturization, weight reduction, and introduction of surface mounting. There has been a dramatic increase in the commodity prices of materials used for manufacturing transformers over the last decade. The market is concerned about the fall in prices of transformers to the tune of about 20% due to a decrease in raw material pass-through. Over a period of time, the transmission spending growth is expected to overtake the supply growth of electrical steel, thereby creating significant pricing pressure for transformer manufacturing companies. However, the pressure is expected to be less severe for high-voltage transmission transformers than for medium-voltage distribution transformers.
Growing environmental concerns across the world have prompted governments to implement energy efficient transmission and distribution practices in the electricity sector. Energy losses in power supply systems generally occur through theft, system inefficiency, and infrastructure under investments, which have become an immense cause of concern world over. Transformers account for a significant share of overall energy losses during electricity distribution. Research has proven that even a slight improvement in efficiency levels could save millions of dollars. In this regard, of late HTS (High Temperature Superconductors) transformers have been gaining a great deal of attention. HTS transformers are considered to offer near zero levels of electrical resistance and energy losses. The US, Japan, Korea, Switzerland and Sweden are considered market leaders in the production of world-class transformers.
Majority of demand in the industry is being driven by innovations in end-use industries such as consumer electronics, computing, and telecommunications. Introduction of sophisticated electronic components have played a crucial role in rapidly increasing the range of end served markets. Additionally, the use of passive/rigid components by integrated circuits is also growing and likely to gain momentum over the years. With population growth expected to decline or remain stable in upcoming years in developed regions such as Western Europe, Japan and North America, demand for electric power is expected to follow a sedate growth. On the contrary, booming economies in Asia-Pacific are forecast to emanate spiraling demand for electric power.
Asia-Pacific stands tall as the single most dominating market worldwide, as stated by the new market research report on Electronic Coils, Transformers and Other Inductors. The region is also anticipated to forge ahead over the analysis period at the overall fastest CAGR of 3.9%. Rapid expansion and development in the region is stimulated by the presence of fast growing markets such as China, India, South Korea and Taiwan. Asia-Pacific is considered the largest importer of Transformers on a global basis. Singapore and Hong Kong are the largest importers of transformers within Asia, while China reigns as the leading exporter of transformers within Asia.
Major market participants profiled in the report include API Delevan, Inc., Areva SA, Avel Lindberg, Inc., Asea Brown Boveri Group (ABB), Bharat Heavy Electricals Limited (BHEL), BI Technologies Corporation, Caddell-Burns Manufacturing Co., Inc., Custom Magnetics, Inc., Datatronic Distribution, Inc., EFACEC Group, Hyundai Heavy Industries Co., Ltd., Hammond Power Solutions, Inc., Houston Transformer Company, Ltd., Kirloskar Electric Company Limited, Murata Manufacturing Company, Ltd., Panasonic Electronic Devices Co., Ltd., Pulse Electronics Corporation, Schneider Electric SA, Siemens AG, Taiyo Yuden Co., Ltd., TDK-EPC Corporation, EPCOS AG and Vishay Intertechnology, Inc.
The research report titled Electronic Coils, Transformers and Other Inductors: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of Industry overview, competitive scenario, global power production, transformer market, product overview, recent industry activity, and profiles of market players worldwide. Market analytics and overview is presented in terms of terms of Value (US$ ) for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. The study also presents historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Electronic_Coils_Transformers_and_Other_Inductors_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the worlds largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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