Magnet Wire Market Research Report - Global Forecast till 2030

Magnet Wire Market: Information by Type (Copper, Aluminum), Form (Round, Rectangular, Square), Application (Transformers, Motors, Generators), End-Use Industry (Electrical & Electronics, Medical, Aerospace, Automotive), Region - Forecast till 2030

ID: MRFR/CnM/6328-HCR | August 2022 | Region: Global | 180 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 Assumptions & Limitations

2.4 Market Structure

2.5 Key Takeaways

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends

6 Market Factor Analysis

6.1 Supply Chain Analysis

6.1.1 Raw Material Suppliers

6.1.2 Manufacturers/Producers

6.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

6.1.4 End-Use Industries

6.2 Porter’s Five Forces Analysis

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Buyers

6.2.3 Bargaining Power of Suppliers

6.2.4 Threat of Substitutes

6.2.5 Intensity of Competitive Rivalry

6.3 Pricing Analysis

7. Global Magnet Wire Market, by Type

7.1 Introduction

7.2 Copper

7.2.1 Market Estimates & Forecast, 2019–2027

7.2.2 Market Estimates & Forecast, by Region, 2019–2027

7.3 Aluminum

7.3.1 Market Estimates & Forecast, 2019–2027

7.3.2 Market Estimates & Forecast, by Region, 2019–2027

8. Global Magnet Wire Market, by Form

8.1 Introduction

8.2 Round Magnet Wires

8.2.1 Market Estimates & Forecast, 2019–2027

8.2.2 Market Estimates & Forecast, by Region, 2019–2027

8.3 Rectangular Magnet Wires

8.3.1 Market Estimates & Forecast, 2019–2027

8.3.2 Market Estimates & Forecast, by Region, 2019–2027

8.4 Square Magnet Wire

8.4.1 Market Estimates & Forecast, 2019–2027

8.4.2 Market Estimates & Forecast, by Region, 2019–2027

8.5 Round Bondable Magnet Wire

8.5.1 Market Estimates & Forecast, 2019–2027

8.5.2 Market Estimates & Forecast, by Region, 2019–2027

9. Global Magnet Wire Market, by Application

9.1 Introduction

9.2 Transformers

9.2.1 Market Estimates & Forecast, 2019–2027

9.2.2 Market Estimates & Forecast, by Region, 2019–2027

9.3 Motors

9.3.1 Market Estimates & Forecast, 2019–2027

9.3.2 Market Estimates & Forecast, by Region, 2019–2027

9.4 Inductors

9.4.1 Market Estimates & Forecast, 2019–2027

9.4.2 Market Estimates & Forecast, by Region, 2019–2027

9.5 Generators

9.5.1 Market Estimates & Forecast, 2019–2027

9.5.2 Market Estimates & Forecast, by Region, 2019–2027

9.6 Others

9.6.1 Market Estimates & Forecast, 2019–2027

9.6.2 Market Estimates & Forecast, by Region, 2019–2027

10. Global Magnet Wire Market, by End-Use Industry

10.1 Introduction

10.2 Electrical & Electronics

10.2.1 Market Estimates & Forecast, 2019–2027

10.2.2 Market Estimates & Forecast, by Region, 2019–2027

10.3 Medical

10.3.1 Market Estimates & Forecast, 2019–2027

10.3.2 Market Estimates & Forecast, by Region, 2019–2027

10.4 Aerospace

10.4.1 Market Estimates & Forecast, 2019–2027

10.4.2 Market Estimates & Forecast, by Region, 2019–2027

10.5 Automotive

10.5.1 Market Estimates & Forecast, 2019–2027

10.5.2 Market Estimates & Forecast, by Region, 2019–2027

10.6 Telecommunication

10.6.1 Market Estimates & Forecast, 2019–2027

10.6.2 Market Estimates & Forecast, by Region, 2019–2027

10.7 Others

10.7.1 Market Estimates & Forecast, 2019–2027

10.7.2 Market Estimates & Forecast, by Region, 2019–2027

11. Global Magnet Wire Market, by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2019–2027

11.2.2 Market Estimates & Forecast by Type, 2019–2027

11.2.3 Market Estimates & Forecast by Form, 2019–2027

11.2.4 Market Estimates & Forecast by Application, 2019–2027

11.2.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.2.6 US

11.2.6.1 Market Estimates & Forecast, 2019–2027

11.2.6.2 Market Estimates & Forecast by Type 2019–2027

11.2.6.3 Market Estimates & Forecast by Form, 2019–2027

11.2.6.4 Market Estimates & Forecast by Application, 2019–2027

11.2.6.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, 2019–2027

11.2.7.2 Market Estimates & Forecast by Type 2019–2027

11.2.7.3 Market Estimates & Forecast by Form, 2019–2027

11.2.7.4 Market Estimates & Forecast by Application, 2019–2027

11.2.7.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2019–2027

11.3.2 Market Estimates & Forecast by Type, 2019–2027

11.3.3 Market Estimates & Forecast by Form, 2019–2027

11.3.4 Market Estimates & Forecast by Application, 2019–2027

11.3.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2019–2027

11.3.6.2 Market Estimates & Forecast by Type 2019–2027

11.3.6.3 Market Estimates & Forecast by Form, 2019–2027

11.3.6.4 Market Estimates & Forecast by Application, 2019–2027

11.3.6.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3.7 France

11.3.7.1 Market Estimates & Forecast, 2019–2027

11.3.7.2 Market Estimates & Forecast by Type 2019–2027

11.3.7.3 Market Estimates & Forecast by Form, 2019–2027

11.3.7.4 Market Estimates & Forecast by Application, 2019–2027

11.3.7.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3.8 Italy

11.3.8.1 Market Estimates & Forecast, 2019–2027

11.3.8.2 Market Estimates & Forecast by Type 2019–2027

11.3.8.3 Market Estimates & Forecast by Form, 2019–2027

11.3.8.4 Market Estimates & Forecast by Application, 2019–2027

11.3.8.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3.9 Spain

11.3.9.1 Market Estimates & Forecast, 2019–2027

11.3.9.2 Market Estimates & Forecast by Type 2019–2027

11.3.9.3 Market Estimates & Forecast by Form, 2019–2027

11.3.9.4 Market Estimates & Forecast by Application, 2019–2027

11.3.9.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3.10 UK

11.3.10.1 Market Estimates & Forecast, 2019–2027

11.3.10.2 Market Estimates & Forecast by Type 2019–2027

11.3.10.3 Market Estimates & Forecast by Form, 2019–2027

11.3.10.4 Market Estimates & Forecast by Application, 2019–2027

11.3.10.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3.11 Poland

11.3.11.1 Market Estimates & Forecast, 2019–2027

11.3.11.2 Market Estimates & Forecast by Type 2019–2027

11.3.11.3 Market Estimates & Forecast by Form, 2019–2027

11.3.11.4 Market Estimates & Forecast by Application, 2019–2027

11.3.11.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3.12 Russia

11.3.12.1 Market Estimates & Forecast, 2019–2027

11.3.12.2 Market Estimates & Forecast by Type 2019–2027

11.3.12.3 Market Estimates & Forecast by Form, 2019–2027

11.3.12.4 Market Estimates & Forecast by Application, 2019–2027

11.3.12.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.3.13 Rest of Europe

11.3.13.1 Market Estimates & Forecast, 2019–2027

11.3.13.2 Market Estimates & Forecast by Type 2019–2027

11.3.13.3 Market Estimates & Forecast by Form, 2019–2027

11.3.13.4 Market Estimates & Forecast by Application, 2019–2027

11.3.13.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.4 Asia–Pacific

11.4.1 Market Estimates & Forecast, 2019–2027

11.4.2 Market Estimates & Forecast by Type, 2019–2027

11.4.3 Market Estimates & Forecast by Form, 2019–2027

11.4.4 Market Estimates & Forecast by Application, 2019–2027

11.4.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2019–2027

11.4.6.2 Market Estimates & Forecast by Type 2019–2027

11.4.6.3 Market Estimates & Forecast by Form, 2019–2027

11.4.6.4 Market Estimates & Forecast by Application, 2019–2027

11.4.6.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2019–2027

11.4.7.2 Market Estimates & Forecast by Type 2019–2027

11.4.7.3 Market Estimates & Forecast by Form, 2019–2027

11.4.7.4 Market Estimates & Forecast by Application, 2019–2027

11.4.7.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2019–2027

11.4.8.2 Market Estimates & Forecast by Type 2019–2027

11.4.8.3 Market Estimates & Forecast by Form, 2019–2027

11.4.8.4 Market Estimates & Forecast by Application, 2019–2027

11.4.8.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.4.9 Australia & New Zealand

11.4.9.1 Market Estimates & Forecast, 2019–2027

11.4.9.2 Market Estimates & Forecast by Type 2019–2027

11.4.9.3 Market Estimates & Forecast by Form, 2019–2027

11.4.9.4 Market Estimates & Forecast by Application, 2019–2027

11.4.9.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.4.10 ASEAN

11.4.10.1 Market Estimates & Forecast, 2019–2027

11.4.10.2 Market Estimates & Forecast by Type 2019–2027

11.4.10.3 Market Estimates & Forecast by Form, 2019–2027

11.4.10.4 Market Estimates & Forecast by Application, 2019–2027

11.4.10.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.4.11 Rest of Asia-Pacific

11.4.11.1 Market Estimates & Forecast, 2019–2027

11.4.11.2 Market Estimates & Forecast by Type 2019–2027

11.4.11.3 Market Estimates & Forecast by Form, 2019–2027

11.4.11.4 Market Estimates & Forecast by Application, 2019–2027

11.4.11.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.5 Middle East & Africa

11.5.1 Market Estimates & Forecast, 2019–2027

11.5.2 Market Estimates & Forecast by Type, 2019–2027

11.5.3 Market Estimates & Forecast by Form, 2019–2027

11.5.4 Market Estimates & Forecast by Application, 2019–2027

11.5.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.5.6 Turkey

11.5.6.1 Market Estimates & Forecast, 2019–2027

11.5.6.2 Market Estimates & Forecast by Type 2019–2027

11.5.6.3 Market Estimates & Forecast by Form, 2019–2027

11.5.6.4 Market Estimates & Forecast by Application, 2019–2027

11.5.6.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.5.7 Israel

11.5.7.1 Market Estimates & Forecast, 2019–2027

11.5.7.2 Market Estimates & Forecast by Type 2019–2027

11.5.7.3 Market Estimates & Forecast by Form, 2019–2027

11.5.7.4 Market Estimates & Forecast by Application, 2019–2027

11.5.7.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.5.8 South Africa

11.5.8.1 Market Estimates & Forecast, 2019–2027

11.5.8.2 Market Estimates & Forecast by Type 2019–2027

11.5.8.3 Market Estimates & Forecast by Form, 2019–2027

11.5.8.4 Market Estimates & Forecast by Application, 2019–2027

11.5.8.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.5.9 GCC

11.5.9.1 Market Estimates & Forecast, 2019–2027

11.5.9.2 Market Estimates & Forecast by Type 2019–2027

11.5.9.3 Market Estimates & Forecast by Form, 2019–2027

11.5.9.4 Market Estimates & Forecast by Application, 2019–2027

11.5.9.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.5.10 Rest of the Middle East & Africa

11.5.10.1 Market Estimates & Forecast, 2019–2027

11.5.10.2 Market Estimates & Forecast by Type 2019–2027

11.5.10.3 Market Estimates & Forecast by Form, 2019–2027

11.5.10.4 Market Estimates & Forecast by Application, 2019–2027

11.5.10.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.6 Latin America

11.6.1 Market Estimates & Forecast, 2019–2027

11.6.2 Market Estimates & Forecast by Type, 2019–2027

11.6.3 Market Estimates & Forecast by Form, 2019–2027

11.6.4 Market Estimates & Forecast by Application, 2019–2027

11.6.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.6.6 Brazil

11.6.6.1 Market Estimates & Forecast, 2019–2027

11.6.6.2 Market Estimates & Forecast by Type 2019–2027

11.6.6.3 Market Estimates & Forecast by Form, 2019–2027

11.6.6.4 Market Estimates & Forecast by Application, 2019–2027

11.6.6.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.6.7 Argentina

11.6.7.1 Market Estimates & Forecast, 2019–2027

11.6.7.2 Market Estimates & Forecast by Type 2019–2027

11.6.7.3 Market Estimates & Forecast by Form, 2019–2027

11.6.7.4 Market Estimates & Forecast by Application, 2019–2027

11.6.7.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.6.8 Mexico

11.6.8.1 Market Estimates & Forecast, 2019–2027

11.6.8.2 Market Estimates & Forecast by Type 2019–2027

11.6.8.3 Market Estimates & Forecast by Form, 2019–2027

11.6.8.4 Market Estimates & Forecast by Application, 2019–2027

11.6.8.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

11.6.9 Rest of Latin America

11.6.9.1 Market Estimates & Forecast, 2019–2027

11.6.9.2 Market Estimates & Forecast by Type 2019–2027

11.6.9.3 Market Estimates & Forecast by Form, 2019–2027

11.6.9.4 Market Estimates & Forecast by Application, 2019–2027

11.6.9.5 Market Estimates & Forecast by End-Use Industry, 2019–2027

12. Competitive Landscape

12.1 Introduction

12.2 Market Key Strategies

12.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Type Developments/Agreements/Investments)

13. Company Profiles

13.1 LS Cable & System Ltd

13.1.1 Company Overview

13.1.2 Financial Updates

13.1.3 Product/Business Segment Overview

13.1.4 Key Developments

13.1.5 SWOT Analysis

13.1.6 Key Strategies

13.2 Elektrisola

13.2.1 Company Overview

13.2.2 Financial Updates

13.2.3 Product/Business Segment Overview

13.2.4 Key Developments

13.2.5 SWOT Analysis

13.2.6 Key Strategies

13.3 REA Magnet Wire

13.3.1 Company Overview

13.3.2 Financial Updates

13.3.3 Product/Business Segment Overview

13.3.4 Key Developments

13.3.5 SWOT Analysis

13.3.6 Key Strategies

13.4 Irce S.P.A.

13.4.1 Company Overview

13.4.2 Financial Updates

13.4.3 Product/Business Segment Overview

13.4.4 Key Developments

13.4.5 SWOT Analysis

13.4.6 Key Strategies

13.5 Samdong Co., Ltd.

13.5.1 Company Overview

13.5.2 Financial Updates

13.5.3 Product/Business Segment Overview

13.5.4 Key Developments

13.5.5 SWOT Analysis

13.5.6 Key Strategies

13.6 Tongling Jingda Special Magnet Wire Co., Ltd.

13.6.1 Company Overview

13.6.2 Financial Updates

13.6.3 Product/Business Segment Overview

13.6.4 Key Developments

13.6.5 SWOT Analysis

13.6.6 Key Strategies

13.7 Sumitomo Electric Industries, Ltd.

13.7.1 Company Overview

13.7.2 Financial Updates

13.7.3 Product/Business Segment Overview

13.7.4 Key Developments

13.7.5 SWOT Analysis

13.7.6 Key Strategies

13.8 FurUKawa Electric Co., Ltd.

13.8.1 Company Overview

13.8.2 Financial Updates

13.8.3 Product/Business Segment Overview

13.8.4 Key Developments

13.8.5 SWOT Analysis

13.8.6 Key Strategies

13.9 G.K. Winding

13.9.1 Company Overview

13.9.2 Financial Updates

13.9.3 Product/Business Segment Overview

13.9.4 Key Developments

13.9.5 SWOT Analysis

13.9.6 Key Strategies

13.10 LWW Group

13.10.1 Company Overview

13.10.2 Financial Updates

13.10.3 Product/Business Segment Overview

13.10.4 Key Developments

13.10.5 SWOT Analysis

13.10.6 Key Strategies

13.11 Hitachi Metals, Ltd.

13.11.1 Company Overview

13.11.2 Financial Updates

13.11.3 Product/Business Segment Overview

13.11.4 Key Developments

13.11.5 SWOT Analysis

13.11.6 Key Strategies

13.12 MWS Wire Industries

13.12.1 Company Overview

13.12.2 Financial Updates

13.12.3 Product/Business Segment Overview

13.12.4 Key Developments

13.12.5 SWOT Analysis

13.12.6 Key Strategies

13.13 Condumex Inc.

13.13.1 Company Overview

13.13.2 Financial Updates

13.13.3 Product/Business Segment Overview

13.13.4 Key Developments

13.13.5 SWOT Analysis

13.13.6 Key Strategies

13.14 Fujikura Ltd.

13.14.1 Company Overview

13.14.2 Financial Updates

13.14.3 Product/Business Segment Overview

13.14.4 Key Developments

13.14.5 SWOT Analysis

13.14.6 Key Strategies

14. Conclusion

LIST OF TABLES

Table 1 Global Magnet Wire Market, by Region, 2019–2027

Table 2 North America: Magnet Wire Market, by Country, 2019–2027

Table 3 Europe: Magnet Wire Market, by Country, 2019–2027

Table 4 Asia-Pacific: Magnet Wire Market, by Country, 2019–2027

Table 5 Middle East & Africa: Magnet Wire Market, by Country, 2019–2027

Table 5 Latin America: Magnet Wire Market, by Country, 2019–2027

Table 6 Global Magnet Wire Type Market, by Region, 2019–2027

Table 7 North America: Magnet Wire Type Market, by Country, 2019–2027

Table 8 Europe: Magnet Wire Type Market, by Country, 2019–2027

Table 10 Asia-Pacific: Magnet Wire Type Market, by Country, 2019–2027

Table 11 Middle East & Africa: Magnet Wire Type Market, by Country, 2019–2027

Table 12 Latin America: Magnet Wire Type Market, by Country, 2019–2027

Table 13 Global Magnet Wire Form Market, by Region, 2019–2027

Table 14 North America: Magnet Wire Form Market, by Country, 2019–2027

Table 15 Europe: Magnet Wire Form Market, by Country, 2019–2027

Table 15 Asia-Pacific: Magnet Wire Form Market, by Country, 2019–2027

Table 16 Middle East & Africa: Magnet Wire Form Market, by Country, 2019–2027

Table 17 Latin America: Magnet Wire Form Market, by Country, 2019–2027

Table 18 Global Magnet Wire Application Market, by Region, 2019–2027

Table 20 North America: Magnet Wire Application Market, by Country, 2019–2027

Table 21 Europe: Magnet Wire Application Market, by Country, 2019–2027

Table 22 Asia-Pacific: Magnet Wire Application Market, by Country, 2019–2027

Table 23 Middle East & Africa: Magnet Wire Application Market, by Country, 2019–2027

Table 24 Latin America: Magnet Wire Application Market, by Country, 2019–2027

Table 18 Global Magnet Wire End-Use Industry Market, by Region, 2019–2027

Table 19 North America: Magnet Wire End-Use Industry Market, by Country, 2019–2027

Table 20 Europe: Magnet Wire End-Use Industry Market, by Country, 2019–2027

Table 21 Asia-Pacific: Magnet Wire End-Use Industry Market, by Country, 2019–2027

Table 22 Middle East & Africa: Magnet Wire End-Use Industry Market, by Country, 2019–2027

Table 23 Latin America: Magnet Wire End-Use Industry Market, by Country, 2019–2027

Table 24 Global Type Market, by Region, 2019–2027

Table 25 Global Form Market, by Region, 2019–2027

Table 26 Global Application Market, by Region, 2019–2027

Table 27 Global End-Use Industry Market, by Region, 2019–2027

LIST OF FIGURES

FIGURE 1 Global Magnet Wire Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Magnet Wire Market

FIGURE 4 Supply Chain of Magnet Wire Market

FIGURE 5 Share of Magnet Wire Market, by Country, 2019 (%)

FIGURE 5 Global Magnet Wire Market, 2019–2027

FIGURE 6 Sub-Segments of Type

FIGURE 8 Global Magnet Wire Market size, by Type, 2019 (%)

FIGURE 10 Share of Magnet Wire Market, by Type, 2019–2027

FIGURE 11 Sub Segments of Form

FIGURE 12 Magnet Wire Market size, by Form, 2019 (%)

FIGURE 13 Share of Magnet Wire Market, by Form, 2019–2027

FIGURE 14 Sub Segments of Application

FIGURE 15 Global Magnet Wire Market size, by Application, 2019 (%)

FIGURE 16 Share of Magnet Wire Market, by Application, 2019–2027

FIGURE 17 Sub Segments of End-Use Industry

FIGURE 18 Global Magnet Wire Market size, by End-Use Industry, 2019 (%)

FIGURE 19 Share of Magnet Wire Market, by End-Use Industry, 2019–2027

Magnet Wire Market

Magnet Wire Market is projected to be worth USD 36.8 Billion by 2028, registering a CAGR of 4.1% during the forecast period (2020 - 2028).

Segmentation

By Type Copper Aluminum
By Form Round Rectangular Square
By Application Transformers Motors Generators
By End-Use Industry Electrical & Electronics Medical Aerospace Automotive

Key Players

  • Sumitomo Electric Industries Ltd.
  • IRCE S.p.A.
  • Furukawa Electric Co. Ltd.
  • Samdong Co. Ltd.
  • LWW Group

Drivers

  • Increasinging usage of household appliances
  • Global expansion of the transportation industry
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Magnet Wire Market Overview


The magnet wire market was valued at a global market sum worth USD 30.1 billion by the end of the historic period in 2019. However, for the ongoing forecast period of 2021-2028, the market is expected to attain a market value worth USD 36.8 billion and attain a global CAGR worth USD 4.1%.


COVID 19 Analysis


The report proposes that the extremely durable magnet wire market size has been influenced by the rising instances of the novel Covid as time passes. The pandemic is a trending trouble that is significantly affecting the creation and assembling capacity of the players to deliver according to the requests of the main interest group. The appearance of the pandemic has likewise affected the interest size of the market as it has prompted an immense lump of the populace to carrying changes to their way of life, inclinations, and considerably more. The arrival of the pandemic is pushing the global market governments to take steps like lockdown and functional restrictions that might hamper the market from growing in the period.


The rising cases have constrained the worldwide legislatures to get their hands and ventures and put something similar for the development of new market items and administrations. The research and development departments of countries that are spread in an array of global locations require dependable sources of investment that will boost their functioning. Likewise, the players are choosing consolidations and acquisitions to contend in the worldwide market and extend universally. Also. the global governments are understanding the rising needs of the market companies, players, and the global target audience to return to normalcy and hence, give rise to the demand following by the establishment of a market equilibrium amongst the market forces of demand and supply especially during the forecast period that will be ending in 2028.


Competitive Landscape


The rising competition in the magnet wire industry is attributed to the development initiatives and investments from the following prominent players of the global market.



  • Sumitomo Electric Industries, Ltd. (Japan)

  • IRCE S.p.A. (Italy)

  • Furukawa Electric Co., Ltd. (Japan)

  • Tongling Jingda Special Magnet Wire Co., Ltd. (China)

  • Samdong Co., Ltd. (South Korea)

  • LWW Group (Sweden)


Market Dynamics


Drivers


Electrical & electronics is emerging as the biggest end-use industry of the global magnet wire market size. These wires are used in the form of coils in various kinds of applications and products especially in the electrical & electronics industry. For example, market products such as fans, toys, trimmers, inverters, air conditioners, along other consumer electronics make use of magnet wire as a coil. There has been an increased usage of household appliances that are being held accountable for the expanded global magnet wire market share in the electrical & electronics industry. The motor is amongst the biggest applications of magnet wire. The enlargement of the market size for magnet wire in motor applications is driven by the global expansion of the transportation industry and the constant need to travel from one place to the other. The consumption of magnet wires is inclusive of the motor application is witnessing an expanded and high growth in the automotive sector during the forecast period that ends in 2028.


Restraints


The global market players are operating in the market have and are on the lookout for ample opportunities in the Asian Pacific market due to an increase in investments, especially in the power sector. This is expected to increase the global demand for various market products like transformers, generators, and motors during the forecast period that will be ending in 2028. However, the rising industrial demand for the availability of compact motors for electronic components and applications would pose a major market challenge for the global expansion and growth, over the next five years.


Technology Analysis


The global magnet wire market is witnessing the development of copper as the more widely used type of magnet wire in the global market premises. The copper magnet wire is known to have better conductivity and possesses excellent tensile strength as ingredients in the final products. Additionally, it also records superior heat shock resistance, moisture resistance, chemical resistance, and has a lesser cross-section area. This makes it reliable and suitable for several applications, especially in the transportation and electrical, and electronics market industries. With the rising pace of technology, the magnet wire market scope is expanding and the market has excellent growth attributes for the future by the end of the forecast period in 2028.


Study Objectives



  • The report covers the utilitarian parts of the market dependent on which the business chiefs and market specialists have anticipated the pace of worldwide market development and the reachable market income before the finish of the forecast period in 2028. The report additionally covers the market elements like development drivers and openings alongside the potential difficulties that may control the market from developing.

  • The report examines the premise of the worldwide market that capacities as portions. The report further talks about the development potential and the capacity of these market segments to meet the rising requirements of the interest group and thus, extend at an impressive rate before the finish of the gauge time frame.

  • The report likewise comprehends the motivation to read the rising rivalry for speculations and market developments as joint endeavors, coordinated efforts, consolidations, and acquisitions. The report examines the new advancements and recent developments that have positive and growth attributes in store for the market during the forecast period that will be ending in 2028.


Segment Overview


The magnet wire market share is rising because of the qualitative segmentation of the market that is functioning well, meeting the rising needs of the target audience, followed by the excellent performance that will help in the expansion of the market in the global market premises and attain a reliable and secured market value by the end of the period.


Based on type


The magnet wire market has been segmented based on the type and includes Copper and aluminum.


Based on shape


Re magnet wire market has been segmented based on shapes and includes round, rectangle, square, and others.


Based on application


The magnet wire market has been segmented and includes the motor, home appliances, transformers, amongst others that include reactors, watch coil, generators, and others.


Based on the end-use industry


The magnet wire market has been segmented based on the market industries and includes Electrical & Electronics, industrial, transportation, infrastructure, and others including marine, wind energy, aviation, and others.


Regional Analysis


The APAC is the largest consumer of magnet wire market size. The booming transportation and other industries like the electrical and electronics industries are likely to be held responsible for the growth of the magnet wire market in the region during the forecast period of 2021-2028. China is emerging as one of the most prominent consumers of magnet wire in the APAC region.


Recent Developments



  • June 2021 - LS Cable & System is currently aiming to bolster its presence in the global market for electric vehicle components, with major focus on lightweight and high-voltage aluminum wires. The cable manufacturing plant of LS Group (South Korea) reports that the company is company is now the exclusive supply of magnet wires for Hyundai Motor’s first ever electric vehicle called Ioniq 5. These wires are coated with high-quality insulation material, and can bear around 800 volts, facilitating fast vehicle charging.

  • Since 2016, LS Cable & System has been the supplier of magnet wires with around 400 volts capacity for GM’s Chevrolet Bolt EV. Both the companies are now working on supply of magnet wires with higher voltage. LS Cable & System is also working on the development of lighter wire products that can be used extensively in electric vehicles. Aluminum will be used instead of copper, with which the company will be able to reduce the total wire weight by more than 40 percent.

  • In June 2018, one of the prominent market players - Samdong Co., Ltd. has recently expanded its business in most of the European countries by opting for establishing a new range of production facilities at Kosin, Poland. This will help to promptly increase the market value during the forecast period of 2021-2028.

  • In June 2018, another market player - REA Magnet Wire took to the international market scale for the launch of a high-grade magnet wire. This was launched under the brand name of NanoMax. This is a newly developed magnet wire that offers excellent properties related to being corona-resistant and is further, used in motors, generators, and other market applications.

  • In December 2017, one of the recognized market players - LS Cable & System Ltd. established its manufacturing facility at Zrenjanin, Serbia to expand its functioning and production size. The production facility is believed to have a strong focus on the development basis followed by the processes involved in the manufacturing magnet wires at the international market scale and hence, help the market establish a strong base and opt for the international market competition.


Intended Audience



  • Magnet wire components producers manufacturers

  • Potential market investors

  • Product buyers

  • Magnet wire component suppliers, distributors, and trading firms

  • Magnet wire materials manufacturers, producers, and suppliers

  • Magnet wire component manufacturing market groups

  • Consumer associations

  • Government, public sector firms, and regulatory authorities

  • Research firms and consulting companies

  • Public organizations


Report Overview


The magnet wire market revenue has been discussed in the report that has been curated based on the predictions of the industry leaders and experts for the forecast period of 2021-2028. The market report discusses the factors that will lead the market towards growth followed by the possible market challenges. The report also highlights the segment functioning that gives rise to global competition amongst the prominent players of the market.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 37.33 Billion (2019)
  • 2030: Significant Value
  •   CAGR   2030: Significant Value
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   by Type, Application, End-Use Industry,
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   LS Cable & System Ltd (South Korea), Elektrisola (Germany), REA Magnet Wire (US), Irce SPA (Italy), Samdong Co., Ltd (South Korea), Hitachi Metals, Ltd (Japan), Tongling Jingda Special Magnet Wire Co Ltd (China), Sumitomo Electric Industries Ltd (Japan), FurUKawa Electric Co Ltd (Japan), G. K. Winding Wires Limited (India), LWW Group (Sweden), MWS Wire Industries (US), Condumex Inc (US), and Fujikura Ltd (Japan)
      Key Market Opportunities

  • The growing use of motors in electric vehicles is expected to drive the global market growth during the forecast period.
  • The players operating in the market have ample of opportunities in the Asian market due to increasing investments in the power sector,
  • Which is expected to increase the demand of transformers, generators, and motors during the assessment period
  •   Key Market Drivers

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the magnet wire market share.\r\n
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the magnet wire market growth scenario.


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    Frequently Asked Questions (FAQ) :

    The APAC region is likely to establish dominance over the global market.

    The market is likely to attain a global value worth USD 36.8 billion.

    By application, the 1 motors segment and by end-use industry, the electronics & electrical segment account for major shares in The Global Magnet Wire Market.

    MWS Wire Industries (US), LS Cable & System Ltd (South Korea), Elektrisola (Germany), Irce SPA (Italy), REA Magnet Wire (US), Samdong Co., Ltd (South Korea), Tongling Jingda Special Magnet Wire Co Ltd (China), Hitachi Metals, Ltd (Japan), Sumitomo Electric Industries Ltd (Japan), G. K. Winding Wires Limited (India), FurUKawa Electric Co Ltd. (Japan), LWW Group (Sweden), Fujikura Ltd (Japan), and Condumex Inc. (US), are some of the major players operating in the Magnet Wire Market.