Automotive Ignition Coil Market Poised to Expand at 4.5% CAGR During 2016-2026
Over the past few years, the adoption of electric vehicles (EVs) such as battery electric vehicle (BEV) and plug-in hybrid electric vehicles (PHEV) in developed countries such as, North America and Europe has increased multi-fold. While these developments are being directed for the greater good of harnessing solar energy to power automobiles, they have incidentally curbed the demand for automotive ignition coils. Government initiatives, strengthening transportation infrastructure and decreasing battery prices serve as proponents of EVs, but also impede the...
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