Global Magnet Wire Market By Type (Copper, Aluminum), Shape (Round Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Temperature (105 °C, 130 °C, 155 °C, 180 °C, 220 °C), Application (Motor, Home Appliance, Transformer, Others), End-Use Industry (Electrical & Electronics, Industrial, Transportation, Infrastructure, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Magnet Wire Market
Magnet wire market will reach an estimated valuation of USD 42.22 Billion by 2027, while registering this growth at a rate of 4.20% for the forecast period of 2020 to 2027. Magnet wire market report analyses the growth, which is currently being growing due to the rising number of applications in electronic coils, starting motors, alternators, field windings, and others.
The growing demand of electric vehicles across the globe, growth of power sector, prevalence of product with advance characteristics such as heat resistance, dielectric strength, uniformity, degree of insulation, and water resistant, rising demand from medical industry in intravascular ultrasound imaging system are some of the factors that will likely to enhance the growth of the magnet wire market in the forecast period of 2020-2027. On the other hand, growing applications from developing economies which will further boost various opportunities that will lead to the growth of the magnet wire market in the above mentioned forecast period.
Increasing preferences towards compact motors along with high cost of raw material which will likely to hamper the growth of the magnet wire market in the above mentioned forecast period.
This magnet wire market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on magnet wire market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Magnet Wire Market Scope and Market Size
Magnet wire market is segmented on the basis of type, shape, temperature, end-use industry and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, magnet wire market is segmented into copper, and aluminum.
- Based on shape, magnet wire market is segmented into round magnet wire, rectangle magnet wire, and square magnet wire.
- On the basis of temperature, magnet wire market is segmented into 105 °C, 130 °C, 155 °C, 180 °C, and 220 °C.
- Based on end-use industry, magnet wire market is segmented into electrical & electronics, industrial, transportation, infrastructure, and others.
- Magnet wire market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for magnet wire market includes motor, home appliance, transformer, and others.
Magnet Wire Market Country Level Analysis
Magnet wire market is analysed and market size, volume information is provided by country type, shape, temperature, end-use industry and application as referenced above.
The countries covered in the magnet wire market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the magnet wire market due to the increasing number of industries along with prevalence of cheap labour and low manufacturing cost. North America region is expected to hold the largest growth rate due to the growth of the electronic industry along with rising production of power transformers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Magnet Wire Market Share Analysis
Magnet wire market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to magnet wire market.
The major players covered in the magnet wire market report are LS Cable & System Ltd., Rea., IRCE S.p.A., Elektrisola Dr. Gerd Schildbach GmbH&Co. KG, Tongling Jingxun Special Enamelled Wire Co.,Ltd., FURUKAWA ELECTRIC CO., LTD., Sam Dong America, Sumitomo Electric Industries, Ltd, Fujikura Ltd., LWW Group, Hitachi Metals, Ltd., Derechos reservados Xignux, Von Roll Holding AG, Precision Wires., ROSHOW GROUP CO.,LTD, Ederfil Becker, Schwering & Hasse, ACEBSA, Cividale spa, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Magnet Wire Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.