South Africa Magnet Wire Market to 2032
Overview
The South Africa Magnet Wire Market is expected to reach a 505.01 USD Billion by 2032 and is projected to grow at a CAGR of 10.50% from 2025 to 2032.
Revenue, 2024 (USD Billion)
296.43
Forecast, 2032 (USD Billion)
505.01
CAGR, 2024 - 2032
10.50%
Report Coverage
South Africa
South Africa Magnet Wire Market 2018-2032 USD Billion
South Africa Magnet Wire Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 296.43 USD Billion
- Projected Market Size (2032): 505.01 USD Billion
- CAGR (2025-2032): 10.50%
Key Findings of South Africa Magnet Wire Market
- The South Africa Magnet Wire Market was valued at 296.43 USD Billion in 2024.
- The South Africa Magnet Wire Market is likely to grow at a CAGR of 10.50% 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 229.03 USD Billion
- The fastest growing segment Electrical and Electronics in End-User Segment grew Fastest with a CAGR of 11.51% during the forecast period from 2024 to 2032.
South Africa Magnet Wire Market Scope
South Africa Magnet Wire Market Segmentation & Scope
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
Type
- Others
- Aluminium Wire
- Copper Wire
Distribution Channel
- Others
- E-Commerce
- Supermarks/Hypermarkets
- Specialty Stores
- B2b/Third Party Distributors
End-User
- Others
- Residential
- Infrastructure
- Energy
- Industrial
- Transportation & Automotive
- Electrical and Electronics
South Africa Magnet Wire Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 296.43 USD Billion |
| Market Value in 2032 | 505.01 USD Billion |
| CAGR (2025-2032) | 10.50% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Product Type,Material,Shape,Application,Type,Distribution Channel,End-User |
Regional Insights:
-
Leading Market (2024-2032): South Africa, leading in terms of revenue 296.43 USD Billion in 2024
- Key Country: South Africa, leading in terms of revenue with value of 296.43 USD Billion in 2024.
Segments and Scope
-
South Africa Magnet Wire Market to 2032, By Product Type
- Enamelled Wire is the largest segment in South Africa Magnet Wire Market to 2032 with a revenue of 229.03 USD Billion in the year 2024.
- Enamelled Wire is the Fastest growing segment in South Africa Magnet Wire Market to 2032 with a Growth rate of 10.65 % in forecast period 2025-2032.
-
South Africa Magnet Wire Market to 2032, By Material
- Polyether Ether Ketone (PEEK) is the largest segment in South Africa Magnet Wire Market to 2032 with a revenue of 103.41 USD Billion in the year 2024.
- Polyether Ether Ketone (PEEK) is the Fastest growing segment in South Africa Magnet Wire Market to 2032 with a Growth rate of 11.23 % in forecast period 2025-2032.
-
South Africa Magnet Wire Market to 2032, By Shape
- Round Magnet Wire is the largest segment in South Africa Magnet Wire Market to 2032 with a revenue of 109.60 USD Billion in the year 2024.
- Round Magnet Wire is the Fastest growing segment in South Africa Magnet Wire Market to 2032 with a Growth rate of 11.05 % in forecast period 2025-2032.
-
South Africa Magnet Wire Market to 2032, By Application
- Motor is the largest segment in South Africa Magnet Wire Market to 2032 with a revenue of 143.86 USD Billion in the year 2024.
- Motor is the Fastest growing segment in South Africa Magnet Wire Market to 2032 with a Growth rate of 11.06 % in forecast period 2025-2032.
-
South Africa Magnet Wire Market to 2032, By Type
- Copper Wire is the largest segment in South Africa Magnet Wire Market to 2032 with a revenue of 182.36 USD Billion in the year 2024.
- Copper Wire is the Fastest growing segment in South Africa Magnet Wire Market to 2032 with a Growth rate of 10.75 % in forecast period 2025-2032.
-
South Africa Magnet Wire Market to 2032, By Distribution Channel
- B2b/Third Party Distributors is the largest segment in South Africa Magnet Wire Market to 2032 with a revenue of 149.43 USD Billion in the year 2024.
- B2b/Third Party Distributors is the Fastest growing segment in South Africa Magnet Wire Market to 2032 with a Growth rate of 11.19 % in forecast period 2025-2032.
-
South Africa Magnet Wire Market to 2032, By End-User
- Electrical and Electronics is the largest segment in South Africa Magnet Wire Market to 2032 with a revenue of 87.56 USD Billion in the year 2024.
- Electrical and Electronics is the Fastest growing segment in South Africa Magnet Wire Market to 2032 with a Growth rate of 11.51 % in forecast period 2025-2032.
South Africa Magnet Wire Market Company Share Analysis
| Company Name |
|
||
| LS CABLE & SYSTEM LTD. | |||
| REA | |||
| Furukawa Minda Electric Pvt. Ltd. | |||
| ELEKTRISOLA | |||
| Sumitomo Electric Industries, Ltd. | |||
South Africa Magnet Wire Market Geographical Sales Distribution, 2018-2032 USD Billion
South Africa Magnet Wire Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Africa Magnet Wire Market is segmented based on Segmentation Product Type,Material,Shape,Application,Type,Distribution Channel,End-User.
South Africa Magnet Wire Market was valued at USD 296.43(Revenue in USD Billion) in 2020.
South Africa Magnet Wire Market is projected to grow at a CAGR of 10.50% during the forecast period of 2024 to 2032.
The Enamelled Wire segment is expected to dominate the South Africa Magnet Wire Market, holding a largest market share of 229.03 USD Billion in 2024
South Africa Magnet Wire Market Scope
South Africa Magnet Wire Market Segmentation & Scope
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
Type
- Others
- Aluminium Wire
- Copper Wire
Distribution Channel
- Others
- E-Commerce
- Supermarks/Hypermarkets
- Specialty Stores
- B2b/Third Party Distributors
End-User
- Others
- Residential
- Infrastructure
- Energy
- Industrial
- Transportation & Automotive
- Electrical and Electronics
Frequently Asked Questions
The South Africa Magnet Wire Market is segmented based on Segmentation Product Type,Material,Shape,Application,Type,Distribution Channel,End-User.
South Africa Magnet Wire Market was valued at USD 296.43(Revenue in USD Billion) in 2020.
South Africa Magnet Wire Market is projected to grow at a CAGR of 10.50% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa Magnet Wire Market for final year is USD 505.01 (USD Billion).
South Africa Magnet Wire Market Company Profiling
Frequently Asked Questions
The South Africa Magnet Wire Market is segmented based on Segmentation Product Type,Material,Shape,Application,Type,Distribution Channel,End-User.
South Africa Magnet Wire Market was valued at USD 296.43(Revenue in USD Billion) in 2020.
South Africa Magnet Wire Market is projected to grow at a CAGR of 10.50% during the forecast period of 2024 to 2032.
The estimated market value of the South Africa Magnet Wire Market for final year is USD 505.01 (USD Billion).
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