Market Overview:
The global magnet wire for electric vehicle motors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles across the globe. Additionally, factors such as rising awareness about environment-friendly transportation and technological advancements are also contributing to the growth of this market. The global magnet wire for electric vehicle motors market can be segmented on the basis of type, application and region. On the basis of type, the market can be divided into enameled copper wire, enameled aluminum wire and others (including silver-coated copper wires). Enameled copper wires are expected to account for a major share in terms of revenue in 2018 owing to their high thermal conductivity and low resistivity properties.
Product Definition:
Magnet wire is a type of insulated copper wire, used to make electromagnets, electric motors, generators and other electrical devices. The importance of magnet wire for electric vehicle motors is that it helps to create a strong magnetic field, which propels the vehicle forwards or backwards.
Enameled Copper Wire:
Copper is an essential alloy material used in the manufacturing of wires and cables. It is also used as a metal for the production of Enameled Copper Wire (ECW) which has several properties such as excellent electrical conductivity, malleability, ductility and high thermal resistance. The growth factor for ECW market is its usage in Magnet Wire (MW) which are widely used in electric vehicle motors due to their low cost & weight property along with high current capacity.
Enameled Aluminum Wire:
Enameled aluminum wire is a special type of electrical conductor, which consists of an outer layer of aluminum with an insulating layer applied to one or both sides. The product has several advantages over copper and other conventional materials; it offers better mechanical properties, such as high flexibility and ductility at low temperatures, along with superior electrical conductivity at higher temperatures.
The global electric vehicles (EV) motor market was valued over USD 18 billion in 2016.
Application Insights:
Based on the application, the market is segmented into pure electric vehicle, hybrid car and others. The Others application segment includes heavy-duty vehicles such as trucks, agricultural machinery and construction equipment. The pure electric vehicle segment dominated the global magnet wire for electric vehicle motors market in 2017 owing to increasing government initiatives to promote usage of EVs in various countries including China, Germany and France among others.
The hybrid car segment is expected to witness significant growth over the forecast period due to increased demand from automotive manufacturers for developing high efficiency gasoline engines with lower emissions coupled with improved fuel economy. Hybrid cars use a combination of both internal combustion engine (ICE) and battery power which results in higher efficiency compared to conventional gasoline powered cars that only use ICEs owing to economies of scale associated with production of batteries along with other advantages such as reduced pollution through utilization of regenerative braking energy.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% in terms of revenue in 2017 owing to high demand from China, India, Japan, and South Korea. The growing automotive industry coupled with increasing government funding towards electric vehicles is projected to drive regional growth over the forecast period.
The European market was valued at USD X million in 2017 and is anticipated to witness significant growth during the forecast years on account of rising R&D investments by various companies along with technological innovations aimed at reducing carbon emission associated with vehicle operation.
North America held a substantial share owing to presence of key players such as Johnson Controls Inc.; Panasonic Corporation; ZF Friedrichshafen AG; Aisin Seiki Co., Ltd.; Autoliv Inc.
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns and government initiatives for promotion of electric vehicles.
- Rising prices of conventional fuels which is encouraging the adoption of electric vehicles as a more economical option in the long run.
- Growing technological advancements in the field of electric vehicle motors which is resulting in higher efficiency and performance levels of these motors, thereby increasing their demand.
- Stringent government regulations mandating use of energy efficient electrical equipment are aiding the growth prospects for magnet wire for electric vehicle motors market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnet Wire for Electric Vehicle Motors Market Research Report
By Type
Enameled Copper Wire, Enameled Aluminum Wire, Others
By Application
Pure Electric Vehicle, Hybrid Car
By Companies
Superior Essex, Sumitomo Electric, Dahren Group, Hitachi Metals, Elektrisola, REA, Synflex Group, De Angelli, Ederfil Becker, IRCE, Jingda, Guancheng Datong, Jintian, PEWC, TAI-I, Jung Shing, Grandwall Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Magnet Wire for Electric Vehicle Motors Market Report Segments:
The global Magnet Wire for Electric Vehicle Motors market is segmented on the basis of:
Types
Enameled Copper Wire, Enameled Aluminum Wire, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pure Electric Vehicle, Hybrid Car
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Superior Essex
- Sumitomo Electric
- Dahren Group
- Hitachi Metals
- Elektrisola
- REA
- Synflex Group
- De Angelli
- Ederfil Becker
- IRCE
- Jingda
- Guancheng Datong
- Jintian
- PEWC
- TAI-I
- Jung Shing
- Grandwall Tech
Highlights of The Magnet Wire for Electric Vehicle Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Enameled Copper Wire
- Enameled Aluminum Wire
- Others
- By Application:
- Pure Electric Vehicle
- Hybrid Car
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnet Wire for Electric Vehicle Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnet wire is used in electric vehicle motors to create a magnetic field that helps move the motor's rotor.
Some of the major players in the magnet wire for electric vehicle motors market are Superior Essex, Sumitomo Electric, Dahren Group, Hitachi Metals, Elektrisola, REA, Synflex Group, De Angelli, Ederfil Becker, IRCE, Jingda, Guancheng Datong, Jintian, PEWC, TAI-I, Jung Shing, Grandwall Tech.
The magnet wire for electric vehicle motors market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnet Wire for Electric Vehicle Motors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Magnet Wire for Electric Vehicle Motors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Magnet Wire for Electric Vehicle Motors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Magnet Wire for Electric Vehicle Motors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Magnet Wire for Electric Vehicle Motors Market Size & Forecast, 2018-2028 4.5.1 Magnet Wire for Electric Vehicle Motors Market Size and Y-o-Y Growth 4.5.2 Magnet Wire for Electric Vehicle Motors Market Absolute $ Opportunity
Chapter 5 Global Magnet Wire for Electric Vehicle Motors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Magnet Wire for Electric Vehicle Motors Market Size Forecast by Type
5.2.1 Enameled Copper Wire
5.2.2 Enameled Aluminum Wire
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnet Wire for Electric Vehicle Motors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Magnet Wire for Electric Vehicle Motors Market Size Forecast by Applications
6.2.1 Pure Electric Vehicle
6.2.2 Hybrid Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnet Wire for Electric Vehicle Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnet Wire for Electric Vehicle Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Magnet Wire for Electric Vehicle Motors Analysis and Forecast
9.1 Introduction
9.2 North America Magnet Wire for Electric Vehicle Motors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Magnet Wire for Electric Vehicle Motors Market Size Forecast by Type
9.6.1 Enameled Copper Wire
9.6.2 Enameled Aluminum Wire
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Magnet Wire for Electric Vehicle Motors Market Size Forecast by Applications
9.10.1 Pure Electric Vehicle
9.10.2 Hybrid Car
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Magnet Wire for Electric Vehicle Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Magnet Wire for Electric Vehicle Motors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Magnet Wire for Electric Vehicle Motors Market Size Forecast by Type
10.6.1 Enameled Copper Wire
10.6.2 Enameled Aluminum Wire
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Magnet Wire for Electric Vehicle Motors Market Size Forecast by Applications
10.10.1 Pure Electric Vehicle
10.10.2 Hybrid Car
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Magnet Wire for Electric Vehicle Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnet Wire for Electric Vehicle Motors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Magnet Wire for Electric Vehicle Motors Market Size Forecast by Type
11.6.1 Enameled Copper Wire
11.6.2 Enameled Aluminum Wire
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Magnet Wire for Electric Vehicle Motors Market Size Forecast by Applications
11.10.1 Pure Electric Vehicle
11.10.2 Hybrid Car
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Magnet Wire for Electric Vehicle Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnet Wire for Electric Vehicle Motors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Magnet Wire for Electric Vehicle Motors Market Size Forecast by Type
12.6.1 Enameled Copper Wire
12.6.2 Enameled Aluminum Wire
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Magnet Wire for Electric Vehicle Motors Market Size Forecast by Applications
12.10.1 Pure Electric Vehicle
12.10.2 Hybrid Car
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Magnet Wire for Electric Vehicle Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnet Wire for Electric Vehicle Motors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Magnet Wire for Electric Vehicle Motors Market Size Forecast by Type
13.6.1 Enameled Copper Wire
13.6.2 Enameled Aluminum Wire
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Magnet Wire for Electric Vehicle Motors Market Size Forecast by Applications
13.10.1 Pure Electric Vehicle
13.10.2 Hybrid Car
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnet Wire for Electric Vehicle Motors Market: Competitive Dashboard
14.2 Global Magnet Wire for Electric Vehicle Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Superior Essex
14.3.2 Sumitomo Electric
14.3.3 Dahren Group
14.3.4 Hitachi Metals
14.3.5 Elektrisola
14.3.6 REA
14.3.7 Synflex Group
14.3.8 De Angelli
14.3.9 Ederfil Becker
14.3.10 IRCE
14.3.11 Jingda
14.3.12 Guancheng Datong
14.3.13 Jintian
14.3.14 PEWC
14.3.15 TAI-I
14.3.16 Jung Shing
14.3.17 Grandwall Tech