Market Overview:
The global polyester magnet wire market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for motors, transformers, home appliances, reactors and others applications. Polyester magnet wire is made up of two types coppermagnetwire and aluminummagnetwire. Coppermagnetwire dominates the global polyester magnet wire market with a share of more than 80%. However, aluminummagnetwire is expected to grow at a higher CAGR during the forecast period owing to its properties such as high electrical conductivity and light weight. Asia Pacific accounted for the largest share in 2017 and is projected to grow at a highest CAGR during the forecast period due to rising demand from countries such as China, Japan and South Korea.
Product Definition:
Polyester Magnet Wire is a type of magnet wire that is made up of polyester insulation and copper wire. It has a high resistance to oil and moisture, making it ideal for use in outdoor or harsh environments. Polyester Magnet Wire is also resistant to abrasion and corrosion, making it a long-lasting choice for electrical wiring.
CoppeRMagnetWire:
Copper-magnet wire is a copper wire coated with magnetic material. It can be used as an alternative to the steel wires in the magnetization process. The product has several advantages over steel, such as it's lightweight and flexible which makes it easy to wind on spools for use in electrical applications.
The Polyester Magnet Wire market size was valued at USD 523 million in 2015.
AluminuMMagnetWire:
Aluminum Magnet Wire is a copper-based alloy which consists of aluminum and high proportion of other metals such as neodymium, iron, and magnesium. It has the ability to attract many particles due to its high magnetic force. This wire is used in applications where strong magnetic force is required like in hard disk drives or when permanent magnet material is required for a machine tool.
Application Insights:
The motors segment led the global polyester magnet wire market in 2017 and is projected to witness significant growth over the forecast period. Motors are used in various applications including electric vehicles, wind turbines, construction equipment and medical equipment. The growing application scope of motors is one of the key factors driving product demand globally.
Polyester magnet wire finds application in transformers for power distribution & transmission as well as for HVAC (heating, ventilation & cooling). Transformers are used to step up or step down high voltage from an electric source such as a utility line into low voltage that can be utilized by appliances and devices. Polyester magnet wires offer higher magnetic flux density which makes them suitable for use in transformers especially during peak loads or short circuit conditions.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from countries such as China, India, South Korea, Japan and Taiwan. Increasing industrialization coupled with rapid urbanization has resulted in an increased need for electricity generation which is further fueling product demand across this region.
The Asia Pacific was followed by Europe wherein Germany accounted for a major share of consumption owing to high production levels attained by magnet wire products within the country coupled with growing exports from other European countries such as France and Italy. North America emerged as the third largest consumer due to high consumption levels attained by electric motor applications within this region along with U.S.
Growth Factors:
- Increasing demand from the electrical and electronics industry for Polyester Magnet Wire due to its high thermal stability, low coefficient of friction, and good electrical insulation properties.
- Growing popularity of electric vehicles which require Polyester Magnet Wire for their motors and generators.
- Rapid expansion of the renewable energy sector, especially in China and India, which is expected to drive demand for Polyester Magnet Wire in the coming years.
- Rising disposable income levels in developing countries that are fuelling growth in consumer spending on electronic products, thereby boosting demand for Polyester Magnet Wire globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyester Magnet Wire Market Research Report
By Type
CoppeRMagnetWire, AluminuMMagnetWire
By Application
Motors, Transformers, Home Appliance, Reactor, Others
By Companies
Superior Essex, Rea, Sumitomo Electric, Liljedahl, Fujikura, Hitachi, IRCE, Magnekon, Condumex, Elektrisola, Von Roll, Alconex, Jingda, Citychamp Dartong, Shanghai Yuke
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Polyester Magnet Wire Market Report Segments:
The global Polyester Magnet Wire market is segmented on the basis of:
Types
CoppeRMagnetWire, AluminuMMagnetWire
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
Motors, Transformers, Home Appliance, Reactor, Others
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
- Rea
- Sumitomo Electric
- Liljedahl
- Fujikura
- Hitachi
- IRCE
- Magnekon
- Condumex
- Elektrisola
- Von Roll
- Alconex
- Jingda
- Citychamp Dartong
- Shanghai Yuke
Highlights of The Polyester Magnet Wire 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:
- CoppeRMagnetWire
- AluminuMMagnetWire
- By Application:
- Motors
- Transformers
- Home Appliance
- Reactor
- Others
- 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 Polyester Magnet Wire 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?
Polyester magnet wire is a type of wire made from polyester filament. It is often used in applications where high strength and low weight are important, such as electric motors and generators. Polyester magnet wire has a higher resistance than other types of magnet wire, making it ideal for use in applications that require high power output.
Some of the major companies in the polyester magnet wire market are Superior Essex, Rea, Sumitomo Electric, Liljedahl, Fujikura, Hitachi, IRCE, Magnekon, Condumex, Elektrisola, Von Roll, Alconex, Jingda, Citychamp Dartong, Shanghai Yuke.
The polyester magnet wire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyester Magnet Wire 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 Polyester Magnet Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyester Magnet Wire 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 Polyester Magnet Wire 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 Polyester Magnet Wire Market Size & Forecast, 2018-2028
4.5.1 Polyester Magnet Wire Market Size and Y-o-Y Growth
4.5.2 Polyester Magnet Wire Market Absolute $ Opportunity
Chapter 5 Global Polyester Magnet Wire 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 Polyester Magnet Wire Market Size Forecast by Type
5.2.1 CoppeRMagnetWire
5.2.2 AluminuMMagnetWire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyester Magnet Wire 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 Polyester Magnet Wire Market Size Forecast by Applications
6.2.1 Motors
6.2.2 Transformers
6.2.3 Home Appliance
6.2.4 Reactor
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyester Magnet Wire 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 Polyester Magnet Wire 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 Polyester Magnet Wire Analysis and Forecast
9.1 Introduction
9.2 North America Polyester Magnet Wire 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 Polyester Magnet Wire Market Size Forecast by Type
9.6.1 CoppeRMagnetWire
9.6.2 AluminuMMagnetWire
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 Polyester Magnet Wire Market Size Forecast by Applications
9.10.1 Motors
9.10.2 Transformers
9.10.3 Home Appliance
9.10.4 Reactor
9.10.5 Others
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 Polyester Magnet Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Polyester Magnet Wire 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 Polyester Magnet Wire Market Size Forecast by Type
10.6.1 CoppeRMagnetWire
10.6.2 AluminuMMagnetWire
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 Polyester Magnet Wire Market Size Forecast by Applications
10.10.1 Motors
10.10.2 Transformers
10.10.3 Home Appliance
10.10.4 Reactor
10.10.5 Others
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 Polyester Magnet Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyester Magnet Wire 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 Polyester Magnet Wire Market Size Forecast by Type
11.6.1 CoppeRMagnetWire
11.6.2 AluminuMMagnetWire
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 Polyester Magnet Wire Market Size Forecast by Applications
11.10.1 Motors
11.10.2 Transformers
11.10.3 Home Appliance
11.10.4 Reactor
11.10.5 Others
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 Polyester Magnet Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyester Magnet Wire 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 Polyester Magnet Wire Market Size Forecast by Type
12.6.1 CoppeRMagnetWire
12.6.2 AluminuMMagnetWire
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 Polyester Magnet Wire Market Size Forecast by Applications
12.10.1 Motors
12.10.2 Transformers
12.10.3 Home Appliance
12.10.4 Reactor
12.10.5 Others
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) Polyester Magnet Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyester Magnet Wire 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) Polyester Magnet Wire Market Size Forecast by Type
13.6.1 CoppeRMagnetWire
13.6.2 AluminuMMagnetWire
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) Polyester Magnet Wire Market Size Forecast by Applications
13.10.1 Motors
13.10.2 Transformers
13.10.3 Home Appliance
13.10.4 Reactor
13.10.5 Others
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 Polyester Magnet Wire Market: Competitive Dashboard
14.2 Global Polyester Magnet Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Superior Essex
14.3.2 Rea
14.3.3 Sumitomo Electric
14.3.4 Liljedahl
14.3.5 Fujikura
14.3.6 Hitachi
14.3.7 IRCE
14.3.8 Magnekon
14.3.9 Condumex
14.3.10 Elektrisola
14.3.11 Von Roll
14.3.12 Alconex
14.3.13 Jingda
14.3.14 Citychamp Dartong
14.3.15 Shanghai Yuke
