Middle East & Africa Magnet Wire Market to 2032
Overview
The Middle East & Africa Magnet Wire Market is expected to reach a 3,606.77 USD Billion by 2032 and is projected to grow at a CAGR of 10.15% from 2025 to 2032.
Revenue, 2024 (USD Billion)
2,151.19
Forecast, 2032 (USD Billion)
3,606.77
CAGR, 2024 - 2032
10.15%
Report Coverage
Middle East & Africa
Middle East & Africa Magnet Wire Market 2018-2032 USD Billion
Middle East & Africa Magnet Wire Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 2,151.19 USD Billion
- Projected Market Size (2032): 3,606.77 USD Billion
- CAGR (2025-2032): 10.15%
Key Findings of Middle East & Africa Magnet Wire Market
- The Middle East & Africa Magnet Wire Market was valued at 2,151.19 USD Billion in 2024.
- The Middle East & Africa Magnet Wire Market is likely to grow at a CAGR of 10.15% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Enamelled Wire in Product Type Segment accounted for the largest share of the market with a revenue of 1,660.92 USD Billion
- The fastest growing segment Electrical and Electronics in End-User Segment grew Fastest with a CAGR of 11.17% during the forecast period from 2024 to 2032.
Middle East & Africa Magnet Wire Market Scope
Middle East & Africa Magnet Wire Market Segmentation & Scope
End-User
- Others
- Residential
- Infrastructure
- Energy
- Industrial
- Transportation & Automotive
- Electrical and Electronics
Product Type
- Covered Conductor Wire
- Enamelled Wire
Material
- Others
- Polyamide-Imide (PAI)
- Polyimides (PI)
- Polyetherimide (PEI)
- Polyether Ether Ketone (PEEK)
Shape
- Square Magnet Wire
- Round Bondable Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
Application
- Others
- Home Appliance
- Transformer
- Motor
Distribution Channel
- Others
- E-Commerce
- Supermarks/Hypermarkets
- Specialty Stores
- B2b/Third Party Distributors
Type
- Others
- Aluminium Wire
- Copper Wire
Middle East & Africa Magnet Wire Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 2,151.19 USD Billion |
| Market Value in 2032 | 3,606.77 USD Billion |
| CAGR (2025-2032) | 10.15% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End-User,Product Type,Material,Shape,Application,Distribution Channel,Type |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 2,151.19 USD Billion in 2024
- Key Country: UAE, leading in terms of revenue with value of 869.54 USD Billion in 2024.
Segments and Scope
-
Middle East & Africa Magnet Wire Market to 2032, By End-User
- Electrical and Electronics is the largest segment in Middle East & Africa Magnet Wire Market to 2032 with a revenue of 630.52 USD Billion in the year 2024.
- Electrical and Electronics is the Fastest growing segment in Middle East & Africa Magnet Wire Market to 2032 with a Growth rate of 11.17 % in forecast period 2025-2032.
-
Middle East & Africa Magnet Wire Market to 2032, By Product Type
- Enamelled Wire is the largest segment in Middle East & Africa Magnet Wire Market to 2032 with a revenue of 1,660.92 USD Billion in the year 2024.
- Enamelled Wire is the Fastest growing segment in Middle East & Africa Magnet Wire Market to 2032 with a Growth rate of 10.28 % in forecast period 2025-2032.
-
Middle East & Africa Magnet Wire Market to 2032, By Material
- Polyether Ether Ketone (PEEK) is the largest segment in Middle East & Africa Magnet Wire Market to 2032 with a revenue of 747.11 USD Billion in the year 2024.
- Polyether Ether Ketone (PEEK) is the Fastest growing segment in Middle East & Africa Magnet Wire Market to 2032 with a Growth rate of 10.88 % in forecast period 2025-2032.
-
Middle East & Africa Magnet Wire Market to 2032, By Shape
- Round Magnet Wire is the largest segment in Middle East & Africa Magnet Wire Market to 2032 with a revenue of 792.90 USD Billion in the year 2024.
- Round Magnet Wire is the Fastest growing segment in Middle East & Africa Magnet Wire Market to 2032 with a Growth rate of 10.70 % in forecast period 2025-2032.
-
Middle East & Africa Magnet Wire Market to 2032, By Application
- Motor is the largest segment in Middle East & Africa Magnet Wire Market to 2032 with a revenue of 1,041.52 USD Billion in the year 2024.
- Motor is the Fastest growing segment in Middle East & Africa Magnet Wire Market to 2032 with a Growth rate of 10.71 % in forecast period 2025-2032.
-
Middle East & Africa Magnet Wire Market to 2032, By Distribution Channel
- B2b/Third Party Distributors is the largest segment in Middle East & Africa Magnet Wire Market to 2032 with a revenue of 1,081.14 USD Billion in the year 2024.
- B2b/Third Party Distributors is the Fastest growing segment in Middle East & Africa Magnet Wire Market to 2032 with a Growth rate of 10.85 % in forecast period 2025-2032.
-
Middle East & Africa Magnet Wire Market to 2032, By Type
- Copper Wire is the largest segment in Middle East & Africa Magnet Wire Market to 2032 with a revenue of 1,321.71 USD Billion in the year 2024.
- Copper Wire is the Fastest growing segment in Middle East & Africa Magnet Wire Market to 2032 with a Growth rate of 10.41 % in forecast period 2025-2032.
Middle East & Africa Magnet Wire Market Company Share Analysis
| Company Name |
|
||
| LS CABLE & SYSTEM LTD. | |||
| REA | |||
| Furukawa Minda Electric Pvt. Ltd. | |||
| ELEKTRISOLA | |||
| Sumitomo Electric Industries, Ltd. | |||
Middle East & Africa Magnet Wire Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa Magnet Wire Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Magnet Wire Market is segmented based on Segmentation End-User,Product Type,Material,Shape,Application,Distribution Channel,Type.
Middle East & Africa Magnet Wire Market was valued at USD 2,151.19(Revenue in USD Billion) in 2020.
Middle East & Africa Magnet Wire Market is projected to grow at a CAGR of 10.15% during the forecast period of 2024 to 2032.
The Enamelled Wire segment is expected to dominate the Middle East & Africa Magnet Wire Market, holding a largest market share of 1,660.92 USD Billion in 2024
Middle East & Africa Magnet Wire Market Scope
Middle East & Africa Magnet Wire Market Segmentation & Scope
End-User
- Others
- Residential
- Infrastructure
- Energy
- Industrial
- Transportation & Automotive
- Electrical and Electronics
Product Type
- Covered Conductor Wire
- Enamelled Wire
Material
- Others
- Polyamide-Imide (PAI)
- Polyimides (PI)
- Polyetherimide (PEI)
- Polyether Ether Ketone (PEEK)
Shape
- Square Magnet Wire
- Round Bondable Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
Application
- Others
- Home Appliance
- Transformer
- Motor
Distribution Channel
- Others
- E-Commerce
- Supermarks/Hypermarkets
- Specialty Stores
- B2b/Third Party Distributors
Type
- Others
- Aluminium Wire
- Copper Wire
Frequently Asked Questions
The Middle East & Africa Magnet Wire Market is segmented based on Segmentation End-User,Product Type,Material,Shape,Application,Distribution Channel,Type.
Middle East & Africa Magnet Wire Market was valued at USD 2,151.19(Revenue in USD Billion) in 2020.
Middle East & Africa Magnet Wire Market is projected to grow at a CAGR of 10.15% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Magnet Wire Market for final year is USD 3,606.77 (USD Billion).
Middle East & Africa Magnet Wire Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Magnet Wire Market is segmented based on Segmentation End-User,Product Type,Material,Shape,Application,Distribution Channel,Type.
Middle East & Africa Magnet Wire Market was valued at USD 2,151.19(Revenue in USD Billion) in 2020.
Middle East & Africa Magnet Wire Market is projected to grow at a CAGR of 10.15% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Magnet Wire Market for final year is USD 3,606.77 (USD Billion).
CHOOSE LICENCE TYPE
- 4200.00
- 3500.00
- 2000.00
- 5500.00
- 8500.00
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.