Global Dampening Coils Market: Highlights
- Dampening coil is a device intended to be used with nuclear reactors in order to stabilize the reaction, especially before introducing a new nuclear material
- It is employed in various industries including electrical & electronics, automotive, and nuclear power plant
Key Drivers of Global Dampening Coils Market
- Strong growth in the global automotive industry, particularly in Europe, is expected to drive the dampening coils market during the forecast period. Over the last decade, advancements in production and management systems have revolutionized the automobile industry in the region.
- Increase in demand for dampening coils in nuclear power plants is expected to boost the dampening coils market during the forecast period. Nuclear power capacity has been increasing steadily across the globe, with about 55 reactors under construction. Most reactors on order or in the planning stage are in Asia. However, there are major plans for new units in Russia.
- According to the World Nuclear Association, more than 100 power reactors with total gross capacity of about 120,000 MWe are on order or planned, and over 300 more are proposed. Significant further capacity is being created by plant upgrade. Finland boosted the capacity of the original Olkiluoto plant by 29% to 1700 MWe. This plant started with two 660 MWe Swedish boiling water reactor (BWRs) commissioned in 1978 and 1980. The Loviisa plant, with two VVER-440 reactors, has been uprated by 90 MWe (18%).
- Expansion in the electrical & electronic industry across the world is likely to drive the market during the forecast period. The electronics industry in India is considered the fastest-growing industry in terms of production and exports. Hence, strong growth in the electronics industry, particularly in India and China, is projected to propel the market in the near future.
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Global Dampening Coils Market: End-use Industry Segment
- Based on end-use industry, the global dampening coils market has been segmented into electrical & electronics, automotive, nuclear power plant, and others
- The electrical & electronics segment is projected to account for major share of the global dampening coils market by 2027
- Expanding at a healthy growth rate, automotive and nuclear power plant segments are expected to create significant incremental opportunities during the forecast period
- In terms of volume, the others segments is anticipated to expand at a moderate to high pace across different regions
Asia Pacific to be Key Region of Global Dampening Coils Market
- In terms of region, the global dampening coils market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In Asia Pacific, China and India aim to promote investments in their respective end-use industries. This is estimated to boost the dampening coils market in the region.
- In terms of demand, Asia Pacific held prominent share of the global dampening coils market in 2018. It was followed by North America and Europe. Asia Pacific a highly promising region of the market. This trend is projected to continue in the next few years. Constant rise in manufacture of dampening coil for usage in the region and export purposes is driving the demand for dampening coils. With economic contraction and saturation in the market in Europe and North America, demand for dampening coils is shifting to Asia Pacific.
- The dampening coils market in Latin America and Middle East & Africa is estimated to expand at a moderate pace during the forecast period. End-use industries in Mexico have been expanding steadily. End-use industries in the UAE have also been exhibiting significant growth. This is projected to drive the demand for dampening coils in Latin America and Middle East & Africa, respectively, during the forecast period.
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Global Dampening Coils Market: Research Scope
Global Dampening Coils Market, by End-use Industry
- Electrical & Electronics
- Automotive
- Nuclear Power Plant
- Others
Global Dampening Coils Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
