Los Angeles, CA -- (SBWIRE) -- 04/20/2019 -- Ignition coil is a device to convert the low battery voltage to the high voltage required to discharge electric sparks at ignition plug. Ignition coils represent the so-called "power plant" of the ignition process in the petrol engine. As part of the ignition system, they are charged with the task of providing the spark plug with the high voltage required to generate an ignition spark between the center and earth electrode of the spark plug and ignite the air-fuel mixture.
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Due to the policy promotion and fast developing automotive market, automotive ignition coil market is growing higher. Demand from the downstream brings a power to the development of automotive ignition coil industry. In recent years, growing China market became an important market of automotive ignition coil. Many foreign manufacturers enter into China by investment and joint venture. At present, Major companies in the market are Bosch, Denso, Delphi, BorgWarner and Federal Mogul.
To grab more market, the domestic companies have to expand the technology, capital investment and brand influence. To meet the challenge of the domestic companies and keep their leading stage, foreign companies need to increase the technology innovation and speed up the product upgrading. In the future, China will be a market of fierce competition.
The global Ignition Coil market was 3660 million US$ in 2018 and is expected to 3980 million US$ by the end of 2025, growing at a CAGR of 1.1% between 2019 and 2025.
This report studies the Ignition Coil market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
By the product type, the market is primarily split into:
By the end users/application, this report covers the following segments:
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