Market Overview:
The global rectangular enameled 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 electric vehicles and electric motorcycles. Additionally, the growing demand for renewable energy sources is also contributing to the growth of this market. The global rectangular enameled wire market can be segmented by type, application, and region. By type, the market can be divided into enamelled copper wire and enamelled aluminum wire. By application, the market can be classified into electric cars, electric motorcycles, and other applications. The regional segmentation includes North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA).
Product Definition:
Rectangular Enameled Wire is a type of electrical wiring that uses an insulated coating to protect the wire from becoming damaged. This type of wire is often used in high-voltage applications, as it can withstand more wear and tear than other types of wiring.
Enamelled Copper Wire:
Copper is an excellent electrical conductor and it's used in various applications due to its properties. Copper has good mechanical, thermal and electrical properties which make it suitable for use in high voltage power transmission lines. It also has a low enough cost compared to other metals making it useful for industrial usage as well.
Enamelled Aluminum Wire:
Enameled aluminum wire is a type of electrical wiring that consists of an outer layer of aluminum alloy with an inner core of copper or other metal. The surface coating acts as an electrolyte and allows the current to flow through the wire by generating a charge on the coated surface.
The market for enamelled aluminum wires is expected to grow at a significant rate owing to its properties such as flexibility, corrosion resistance, high strength, low cost.
Application Insights:
Electric cars was the leading application segment in 2017 and is expected to continue its dominance over the forecast period. Rectangular enameled wires are used for heat management in electric car batteries as they offer high thermal conductivity, low electrical resistivity, and good insulation properties. These properties allow them to efficiently manage battery temperatures which results in improved energy density of batteries.
The other applications include electric motorbikes, consumer electronics (TVs, refrigerators), industrial machinery & equipment ( compressors), medical equipment (MRI scanners), HVAC systems (heating, ventilation & cooling systems). The growth of these end-use industries is likely to drive product demand over the forecast period.
Global rectangular enameled wire market volume by application type (%) Electric cars accounted for a major share owing to increasing production of EVs such as Tesla Model S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and business owners along with rapid urbanization & industrialization. This has resulted in an increased demand for automobiles across these developing nations which will further boost the product demand over the next eight years.
Growth Factors:
- Increasing demand from the automotive and electrical industries
- Growing popularity of enameled wire in renewable energy applications
- Rising demand for miniaturized electronic components
- Technological advancements in enameling processes
- Growing awareness about the benefits of using enameled wire
Scope Of The Report
Report Attributes
Report Details
Report Title
Rectangular Enameled Wire Market Research Report
By Type
Enamelled Copper Wire, Enamelled Aluminum Wire
By Application
Electric Cars, Electric Motorcycle, Other
By Companies
Superior Essex, Sumitomo Electric, Dahrén Group, Hitachi Metals, Elektrisola, REA, De Angelli, Ederfil Becker, Synflex Group, IRCE, Jingda, Guancheng Datong, Ningbo Jintian Copper (Group) Co.,Ltd, Infore Environment Technology Group, Asia Pacific Wire & Cable Corporation, Tai-I Electric Wire & Cable Co., Ltd., Jung Shing WIRE CO., LTD.
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Rectangular Enameled Wire Market Report Segments:
The global Rectangular Enameled Wire market is segmented on the basis of:
Types
Enamelled Copper Wire, Enamelled Aluminum Wire
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
Electric Cars, Electric Motorcycle, Other
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
- Dahrén Group
- Hitachi Metals
- Elektrisola
- REA
- De Angelli
- Ederfil Becker
- Synflex Group
- IRCE
- Jingda
- Guancheng Datong
- Ningbo Jintian Copper (Group) Co.,Ltd
- Infore Environment Technology Group
- Asia Pacific Wire & Cable Corporation
- Tai-I Electric Wire & Cable Co., Ltd.
- Jung Shing WIRE CO., LTD.
Highlights of The Rectangular Enameled 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:
- Enamelled Copper Wire
- Enamelled Aluminum Wire
- By Application:
- Electric Cars
- Electric Motorcycle
- Other
- 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 Rectangular Enameled 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?
Rectangular enameled wire is a type of wire that has been coated with a hard, shiny surface. This coating makes the wire difficult to cut and less likely to rust. Rectangular enameled wires are often used in electrical applications because they are resistant to corrosion and have a high resistance to heat.
Some of the key players operating in the rectangular enameled wire market are Superior Essex, Sumitomo Electric, Dahr©n Group, Hitachi Metals, Elektrisola, REA, De Angelli, Ederfil Becker, Synflex Group, IRCE, Jingda, Guancheng Datong, Ningbo Jintian Copper (Group) Co.,Ltd, Infore Environment Technology Group, Asia Pacific Wire & Cable Corporation, Tai-I Electric Wire & Cable Co., Ltd., Jung Shing WIRE CO., LTD..
The rectangular enameled wire market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rectangular Enameled 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 Rectangular Enameled Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rectangular Enameled 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 Rectangular Enameled 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 Rectangular Enameled Wire Market Size & Forecast, 2018-2028
4.5.1 Rectangular Enameled Wire Market Size and Y-o-Y Growth
4.5.2 Rectangular Enameled Wire Market Absolute $ Opportunity
Chapter 5 Global Rectangular Enameled 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 Rectangular Enameled Wire Market Size Forecast by Type
5.2.1 Enamelled Copper Wire
5.2.2 Enamelled Aluminum Wire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rectangular Enameled 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 Rectangular Enameled Wire Market Size Forecast by Applications
6.2.1 Electric Cars
6.2.2 Electric Motorcycle
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rectangular Enameled 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 Rectangular Enameled 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 Rectangular Enameled Wire Analysis and Forecast
9.1 Introduction
9.2 North America Rectangular Enameled 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 Rectangular Enameled Wire Market Size Forecast by Type
9.6.1 Enamelled Copper Wire
9.6.2 Enamelled Aluminum Wire
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 Rectangular Enameled Wire Market Size Forecast by Applications
9.10.1 Electric Cars
9.10.2 Electric Motorcycle
9.10.3 Other
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 Rectangular Enameled Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Rectangular Enameled 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 Rectangular Enameled Wire Market Size Forecast by Type
10.6.1 Enamelled Copper Wire
10.6.2 Enamelled Aluminum Wire
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 Rectangular Enameled Wire Market Size Forecast by Applications
10.10.1 Electric Cars
10.10.2 Electric Motorcycle
10.10.3 Other
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 Rectangular Enameled Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rectangular Enameled 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 Rectangular Enameled Wire Market Size Forecast by Type
11.6.1 Enamelled Copper Wire
11.6.2 Enamelled Aluminum Wire
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 Rectangular Enameled Wire Market Size Forecast by Applications
11.10.1 Electric Cars
11.10.2 Electric Motorcycle
11.10.3 Other
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 Rectangular Enameled Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Rectangular Enameled 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 Rectangular Enameled Wire Market Size Forecast by Type
12.6.1 Enamelled Copper Wire
12.6.2 Enamelled Aluminum Wire
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 Rectangular Enameled Wire Market Size Forecast by Applications
12.10.1 Electric Cars
12.10.2 Electric Motorcycle
12.10.3 Other
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) Rectangular Enameled Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rectangular Enameled 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) Rectangular Enameled Wire Market Size Forecast by Type
13.6.1 Enamelled Copper Wire
13.6.2 Enamelled Aluminum Wire
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) Rectangular Enameled Wire Market Size Forecast by Applications
13.10.1 Electric Cars
13.10.2 Electric Motorcycle
13.10.3 Other
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 Rectangular Enameled Wire Market: Competitive Dashboard
14.2 Global Rectangular Enameled Wire 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 Dahrén Group
14.3.4 Hitachi Metals
14.3.5 Elektrisola
14.3.6 REA
14.3.7 De Angelli
14.3.8 Ederfil Becker
14.3.9 Synflex Group
14.3.10 IRCE
14.3.11 Jingda
14.3.12 Guancheng Datong
14.3.13 Ningbo Jintian Copper (Group) Co.,Ltd
14.3.14 Infore Environment Technology Group
14.3.15 Asia Pacific Wire & Cable Corporation
14.3.16 Tai-I Electric Wire & Cable Co., Ltd.
14.3.17 Jung Shing WIRE CO., LTD.
