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Ignition Coil Market 2018
Ignition Coil Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include
historic data, with forecast data to 2023. Ignition Coil Market report is helpful for future strategy
development, and to know about Market Drivers, Restraints, Opportunities, And Global market
size, share, Growth, Trends, key players forecast to 2023
Global Ignition Coil Market Information Report by Type (Compression Ignition, Spark Ignition,
Battery, Others), By Component (Spark Plug, Ignition Coil, Capacitor, Others), By Vehicle Type
(LCV, HCV, Passenger Cars) and By Region - Global Forecast to 2023
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The global ignition coil market is expected to grow over the CAGR of around 3.8 % during the
forecast period.
Market Scenario:
Ignition coil is used in the automobile ignition systems and can transform the voltage in the
battery to create an electric spark that can ignite the fuel.
The major driver for the growth of the ignition coil market can be attributed directly to the
global rise in automobile sales. The global automotive industry has witnessed a satisfactory
growth, especially in the case of emerging economies such as India, Thailand, Mexico and
Indonesia. Rising urbanization, rise in per capita income and standard of living in these
countries are contributing to the growth of the automotive industry. This is driving the global
ignition coils market. The market growth is also helped by the growing emphasis on
sustainability and reduced fuel consumption so as to reduce air pollution.
Key Players:
The key players of ignition coil market are Robert Bosch GmbH (Germany), BorgWarner
Ludwigsburg GmbH (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan),
Federal-Mogul Corporation (US), Mitsubishi Electric Corporation (Japan), Hitachi Automotive
Systems Americas, Inc. (U.S.), Wings Automobile Products Pvt. Ltd (India).
Industry/ Innovation/ Related News:
July, 2014– BorgWarner Emissions Systems is producing multi-spark ignition coils at its plant in
Muggendorf, Germany, for Daimler’s six- and eight-cylinder engines. With displacements
between 3.5 and 5.5 liters and power ratings ranging from 249 to 549 HP (185 kW - 410 kW),
these powerful engines are available in the Mercedes-Benz C-, E- and S-Classes. Specially
designed for gasoline direct-injection (GDI) engines running stratified combustion,