PUBLISHER: The Business Research Company | PRODUCT CODE: 1657032
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657032
Transformer winding machines, also known as coil winding machines, are utilized in the production of coils for transformers. These machines play a crucial role in winding copper coils onto a bobbin, the cylindrical platform on which the coil is wound, to manufacture transformers. Additionally, they are employed in winding coils for toroidal transformers, where copper wire is wrapped around a cylindrical core.
The primary types of transformer winding machines include automatic, semi-automatic, and manual variants. Automatic transformer winding machines are digitally controlled, providing efficient and precise winding operations. These machines contribute to energy efficiency by minimizing electricity waste. Transformer winding machines find applications in various industries such as power, automobile, electrical, electronics, healthcare, aerospace, defense, and others.
The transformer winding machines market research report is one of a series of new reports from The Business Research Company that provides transformer winding machines market statistics, including transformer winding machines industry global market size, regional shares, competitors with a transformer winding market share, detailed transformer winding machines market segments, market trends and opportunities, and any further data you may need to thrive in the transformer winding machines industry. This transformer winding machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The transformer winding machines market size has grown strongly in recent years. It will grow from $1 billion in 2024 to $1.06 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to upgrading aging infrastructure, increased demand for electricity, growing need for energy-efficient transformers, government initiatives for the adoption of renewable energy, industrialization and infrastructure development
The transformer winding machines market size is expected to see strong growth in the next few years. It will grow to $1.39 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing demand for electric vehicles, renewable energy expansion, growing deployment of energy storage systems, electrification of transportation, grid resilience and reliability. Major trends in the forecast period include smart grids and iot integration, automation and robotics, digitization and industry 4.0, customization and flexibility, energy-efficient winding.
The growing demand for electric vehicles is driving the expansion of the transformer winding machines market in the coming years. In electric vehicles, the auxiliary battery supplies electricity to power the vehicle, while the car charger port connects to an external power source for charging. Charging stations are linked to the grid, necessitating transformers for efficient power supply operations. This heightened demand for transformers increases the need for transformer winding machines. For example, in January 2024, a report from Kelley Blue Book, a US-based Cox Automotive company, revealed that in 2023, a record 1.2 million car buyers in the United States opted for electric vehicles, making up 7.6% of the total U.S. vehicle market, an increase from 5.9% in 2022. Thus, the rising demand for electric vehicles is fueling the growth of the transformer winding machines market.
Anticipated growth in electricity demand is another factor expected to drive the transformer winding machines market. With electricity being a fundamental component of modern life and technology, the precise winding of wires around transformer cores becomes crucial for efficient power transformation and distribution. In Colombia, for example, total net electricity production increased by 1.1% on a year-to-date basis, reaching 7.0 terawatt-hours in June 2023, highlighting the continuous demand for electricity. This increasing need for electricity is expected to contribute to the growth of the transformer winding machines market.
Technological advancement is a significant trend gaining traction in the transformer winding machines market. Key companies in the transformer winding sector are concentrating on developing technological solutions to enhance their market position. For example, in January 2024, CANWIN, a China-based electrical equipment manufacturer, introduced Foil Winding Machines. These machines feature high-speed foil guiding systems for precise foil placement, integrated programmable logic controllers (PLCs) for customizable winding patterns, and CAD-assisted design for improved accuracy and reduced waste. Additionally, they include automated taping and insulation systems for consistent application, along with advanced control and monitoring systems that ensure optimal production quality.
Major companies are focusing on the development of fully automatic winding machines. These machines streamline the winding process by automatically winding materials onto spools or reels without manual intervention. Grewin Industrial Group, for instance, launched a self-adhesive coil fully automatic winding machine in October 2023, designed to meet the needs of industries requiring high-performance winding machines. The machine utilizes advanced technology for precise and accurate winding tasks.
In April 2024, Integrated Power Services (IPS), a US-based provider of solutions for driven equipment and power management systems, acquired Swiger Coil Systems from Wabtec Corporation for an undisclosed sum. This acquisition enables IPS to enter the electric coil and traction motor manufacturing and repair markets in the U.S. and Canada. Wabtec Corporation is a US-based manufacturer of transformer winding machines.
Major companies operating in the transformer winding machines market include SILMEK SRL, ACME Electronics Corp., Synthesis Winding Technologies Pvt Ltd., Sagar Industries, Specific Mechatronics Pvt Ltd., Transwind Technologies, Tesca Technologies Pvt. Ltd., Keshav Precision Products, KB Machineries, Young Technocrafts, Formertron Engineering Pvt Ltd, Sanghani Electricals, Associated Technocrats, H. K. Enterprises, KUKA Aktiengesellschaft, Electrical Engineering Institute Inc., Trafomac NV, Jovil Universal Zhongshan Co. Ltd., Sideros Engineering S.p.A., SMC Machinery Private Limited, ZTR Control Systems LLC, Arnold Magnetic Technologies Corporation, TransPro Electrical Products Inc., Yongkang Kaituo Industry and Trade Co. Ltd., Zhuji Huatai Electric Machine Manufacturing Co. Ltd., Armature Winding Machines Ltd., SPX Transformer Solutions Inc., Bartell Machinery Systems LLC., Celme S.r.l.
North America was the largest region in the transformer winding machines market in 2024. The regions covered in the transformer winding machines market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the transformer winding machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The transformer winding machines market consists of sales of manual transformer winding machines, programmable transformer winding machines, and automatic transformer winding machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Transformer Winding Machines Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on transformer winding machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for transformer winding machines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The transformer winding machines market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.