Market Overview:
The global round 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 electric vehicles and rising demand for energy-efficient appliances. Additionally, the growing industrial sector is also expected to fuel the growth of this market during the forecast period. On the basis of type, copper wire accounted for a major share of the global round magnet wire market in 2017. This can be attributed to its high electrical conductivity and low resistance as compared to other types of wires such as aluminum wires.
Product Definition:
Round Magnet Wire is a type of wire that is made specifically for use in electromagnets. The wire is typically made of copper, and it is wound into a coil around an iron core. This creates a powerful magnetic field that can be used to power motors or other devices.
Copper Wire:
Copper wire is a copper-based alloy which consists of various metals such as tin, aluminum, and zinc. It has high electrical and thermal conductivity than its counterparts. Copper wires are used in applications where size, flexibility or other metal limitations apply.
Aluminum Wire:
Aluminum wire is a preferred material in round magnet wire market on account of its properties such as high strength, corrosion resistance, lightweight and flexibility. It also has low electrical resistivity which makes it suitable for making magnetic wires. The aluminum-based magnet wire can be used with steel core or without a core at all depending upon the requirements of the application.
The aluminum-based magnet wires are widely used in electric motors.
Application Insights:
The motors segment led the global round magnet wire market in 2017 and is projected to witness significant growth over the forecast period. The increasing demand for electric motors owing to growing electronics industry coupled with technological advancements such as poly-phase windings and commutators is expected to drive the product demand in this application segment.
Transformers application segment was valued at USD 1,818.5 million in 2017 on account of high electrical resistivity of round magnets which provide efficient magnetic field amplification, superior mechanical strength and excellent thermal stability required for transformer applications worldwide.
The home appliances segment accounted for a share of 15% in terms of revenue on account of high tensile strength aluminum wires that are used extensively across refrigerators & air conditioners among others household appliances globally due to its excellent heat resistance property along with low maintenance cost compared to other materials used worldwide for these purposes including steel and copper wires respectively.
Regional Analysis:
Asia Pacific dominated the global round magnet wire market in 2016 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Nippon Steel & Sumitomo Metal Corporation; Hyundai Heavy Industries Co., Ltd.; Furukawa Electric Co., Ltd.; and Koyo Wire Manufacturing Co., Ltd. has resulted in high demand for motors, transformers, and other applications across this region.
The growing manufacturing sector coupled with increasing investments in wind farms across China, India, Japan, South Korea and Taiwan are expected to drive demand for generators which will further propel industry growth over the next eight years.
Growth Factors:
- Increasing demand from the electrical and electronics industry for round magnet wire as a key component in electric motors, generators, transformers, and other electrical equipment.
- Rising demand from the automotive industry for round magnet wire to manufacture electric motors and alternators.
- Growing popularity of energy-efficient appliances that use round magnet wire to reduce power consumption.
- Rapid expansion of the telecommunications sector, which is driving increased demand for high-quality round magnet wire products used in cable manufacturing applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Round Magnet Wire Market Research Report
By Type
Copper Wire, Aluminum Wire
By Application
Motors, Transformers, Home Appliance, Others
By Companies
Superior Essex, Jingda, Sumitomo Electric, Rea, Citychamp Dartong, IRCE, Shanghai Yuke, Shangfeng Industrial, Liljedahl, Tongling Copper Crown Electrical, Roshow Technology, Hitachi, SWCC, Elektrisola, HONGYUAN, Ronsen Super Micro-Wire, Magnekon, Condumex, Gold Cup, Shenmao Magnet Wire, Tianjin Jing Wei Electric Wire, Von Roll
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Round Magnet Wire Market Report Segments:
The global Round Magnet Wire market is segmented on the basis of:
Types
Copper Wire, 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
Motors, Transformers, Home Appliance, 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
- Jingda
- Sumitomo Electric
- Rea
- Citychamp Dartong
- IRCE
- Shanghai Yuke
- Shangfeng Industrial
- Liljedahl
- Tongling Copper Crown Electrical
- Roshow Technology
- Hitachi
- SWCC
- Elektrisola
- HONGYUAN
- Ronsen Super Micro-Wire
- Magnekon
- Condumex
- Gold Cup
- Shenmao Magnet Wire
- Tianjin Jing Wei Electric Wire
- Von Roll
Highlights of The Round 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:
- Copper Wire
- Aluminum Wire
- By Application:
- Motors
- Transformers
- Home Appliance
- 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 Round 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?
Round magnet wire is a type of magnet wire that has a round shape. It is often used in applications where a round shape is more efficient, such as in electric motors and generators.
Some of the key players operating in the round magnet wire market are Superior Essex, Jingda, Sumitomo Electric, Rea, Citychamp Dartong, IRCE, Shanghai Yuke, Shangfeng Industrial, Liljedahl, Tongling Copper Crown Electrical, Roshow Technology, Hitachi, SWCC, Elektrisola, HONGYUAN, Ronsen Super Micro-Wire, Magnekon, Condumex, Gold Cup, Shenmao Magnet Wire, Tianjin Jing Wei Electric Wire, Von Roll.
The round 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 Round 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 Round Magnet Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Round 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 Round 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 Round Magnet Wire Market Size & Forecast, 2020-2028
4.5.1 Round Magnet Wire Market Size and Y-o-Y Growth
4.5.2 Round Magnet Wire Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Copper Wire
5.2.2 Aluminum Wire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Motors
6.2.2 Transformers
6.2.3 Home Appliance
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Round 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 Round 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Copper Wire
9.6.2 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 Market Size Forecast by Applications
9.10.1 Motors
9.10.2 Transformers
9.10.3 Home Appliance
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Copper Wire
10.6.2 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 Market Size Forecast by Applications
10.10.1 Motors
10.10.2 Transformers
10.10.3 Home Appliance
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Copper Wire
11.6.2 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 Market Size Forecast by Applications
11.10.1 Motors
11.10.2 Transformers
11.10.3 Home Appliance
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Copper Wire
12.6.2 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 Market Size Forecast by Applications
12.10.1 Motors
12.10.2 Transformers
12.10.3 Home Appliance
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Copper Wire
13.6.2 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) Market Size Forecast by Applications
13.10.1 Motors
13.10.2 Transformers
13.10.3 Home Appliance
13.10.4 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 Round Magnet Wire Market: Competitive Dashboard
14.2 Global Round Magnet Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Superior Essex
14.3.2 Jingda
14.3.3 Sumitomo Electric
14.3.4 Rea
14.3.5 Citychamp Dartong
14.3.6 IRCE
14.3.7 Shanghai Yuke
14.3.8 Shangfeng Industrial
14.3.9 Liljedahl
14.3.10 Tongling Copper Crown Electrical
14.3.11 Roshow Technology
14.3.12 Hitachi
14.3.13 SWCC
14.3.14 Elektrisola
14.3.15 HONGYUAN
14.3.16 Ronsen Super Micro-Wire
14.3.17 Magnekon
14.3.18 Condumex
14.3.19 Gold Cup
14.3.20 Shenmao Magnet Wire
14.3.21 Tianjin Jing Wei Electric Wire
14.3.22 Von Roll
