A new Report by Delvens, titled "Ignition Coil Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Ignition Coil Market size is projected to reach a CAGR of 5.1% and Forecast to 2028.
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Regional Analysis
The U.S. is expected to spearhead the growth of North America automotive ignition coil market. Sales of automotive ignition coils in U.S. are surging on the back of increasing production of passenger cars and higher focus on reducing carbon emission.
Recent Developments
In January 2021 DENSO introduced its newest ignition coils to the market. DENSO Products and Services Americas has expanded its line of aftermarket ignition coils. DENSO now offers four new coil-on-plug (COP) part numbers built with top-grade materials the coils offer maximum available voltage under all operating conditions, ease of installation, and reliability that ensures high temperature suppresses noise and eliminates phantom misfires.
In December 2020, NGK Spark Plugs (U.S.A.) recently announced an agreement with Advance Auto Parts to carry NGK ignition coils and NTK technical sensors at all Advance and Carquest locations, including online.
Key Players
· Federal-Mogul Corporation
· NGK Spark Plug Co. Ltd.
· BorgWarner Ludwigsburg GmbH
· Valeo SA
· Robert Bosch GmbH
· Delphi Automotive PLC
· Hitachi Automotive Systems Americas Inc.
· Mitsubishi Electric Corporation
· Standard Motor Products
· Marshall Electric Corp
· AcDelco and More
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Ignition coil, also known as spark coils, in a vehicle is an induction coil responsible for producing an electric spark that ignites the air and gasoline mixture in compression chamber, which helps in the vehicle movement. These coils help in smooth and efficient operation of the engine. Few coils include an internal resistor, while others depend on an external resistor to limit the current flow in the ignition coil. Earlier, every ignition coil system required mechanical contact breaker points and a capacitor (condenser) but now electronic ignition systems use a power transistor to provide pulses to the ignition coil.
Increase in vehicle production, rise in disposable income, and surge in sales of luxurious vehicles in developing countries are some of the factors that have supported long-term expansion for Ignition Coil Market.
Ignition Coil Market is segmented into vehicle type, type, distribution channel and region.
On the basis of Vehicle Type
· Passenger car
· Light commercial vehicle
· Heavy commercial vehicle
On the basis of Type
· Coil-on plugs
· Distributor based ignition coils
· Distributor less
On the basis of Distribution Channel
· OEM
· Aftermarket
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Ignition Coil Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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