Automatic Ignition Coil
PROJECT DESCRIPTION
Ignition coil (also called a spark coil) is an induction coil in an automobile's ignition system that transforms the battery's low voltage to the thousands of volts needed to create an electric spark in the spark plugs to ignite the fuel.
The global Automotive Ignition Coil Market accounted for $2.35 billion in 2016 and expected to grow at a CAGR of 5.2% to reach $3.19 billion by 2022. Factors such as rising automotive production, per capita income growth, stringent fuel efficiency and emission norms and demand for advanced ignition coils are driving the market growth.
Globally, there is an increased emphasis on sustainability and support for lower fuel consumption along with lower emissions, in order to protect the environment and curb air pollution. Hence, automotive market players are innovating and developing new ways to enhance the overall efficiency of the automobiles. Keeping these points in mind, and owing to the requirement for higher ignition voltage coupled with restricted space in the engine compartment, there are increasing novel demands for modern ignition coils. In addition, the mixture of air and fuel must be ignited at the right time with optimum ignition energy so that fuel present in the engine is combusted completely. For the same reason, there is an increased adoption of advanced ignition coils that meet these stringent criteria. This in turn is driving the demand in the overall market for advanced ignition coils and thereby creating a positive impact on the global automotive ignition coil market.
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Plant & machinery |
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1.00 |
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