Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Magnet Wire Market by Type (Copper Magnet Wire, Aluminum Magnet Wire), By Application (Motors, Transformers, Home Appliance, Reactor, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Magnet Wire Market by Type (Copper Magnet Wire, Aluminum Magnet Wire), By Application (Motors, Transformers, Home Appliance, Reactor, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 151729 3300 Electronics & Semiconductor 377 234 Pages 4.7 (37)
                                          

Market Overview:


The global 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. Copper magnet wire is expected to dominate the market during the forecast period owing to its properties such as high electrical conductivity and low resistance. Asia Pacific is expected to be the fastest growing region during the forecast period owing to rising demand from countries such as China and India.


Global Magnet Wire Industry Outlook


Product Definition:


A magnet wire is a type of wire that has been specifically designed to be used in electrical and electronic equipment. It is made out of very thin copper or aluminum, and it has a coating of insulation that helps protect it from corrosion and damage. Magnet wire is often used to create coils or windings, which are then used in motors, transformers, inductors, and other electrical devices.


Copper Magnet Wire:


Copper magnet wire is a special type of electrical conductor, which consists of one or more thin wires made from copper. These wires are insulated by an insulating material such as rubber, plastic or glass and then wound around a coil to make them into a cable. The ends of the copper magnet wire are usually connected to two different pieces of equipment such as electric motors, batteries etc., through terminals.


The major application areas for these cables include power distribution.


Aluminum Magnet Wire:


Aluminum magnet wire is a special type of electrical conductor, which consists of one or more magnetic wires insulated by an aluminum core. It has high permeability to electric fields and low resistivity to electric currents. The product finds application in transformers, motors & generators, switchgears & circuit breakers and other electromagnetic devices.


Application Insights:


The motors segment led the global magnet wire market in 2017 and is projected to witness significant growth over the forecast period. The increasing demand for electric motors owing to rising disposable income levels coupled with a growing population is expected to drive the product demand in this application segment over the next seven years.


Transformers application segment was valued at USD 1,200.0 million in 2017 and is also anticipated to witness considerable growth over the coming years on account of increasing industrialization, urbanization, technological advancements as well as infrastructure development across various regions including Asia Pacific and Middle East & Africa which eventually drives transformer sales globally.


Magnet wires are widely used across transformers applications owing to their ability not only attract but also repel each other thereby preventing magnetic penetration into any other part of an instrument resulting in providing high-quality insulation between windings which further boosts transformer efficiency enabling higher power ratings for a given size of transformer core.


Regional Analysis:


North America dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the presence of key manufacturers such as Alcoa, Inc.; Nippon Steel & Sumitomo Metal Corporation; and U.S.-based magnet wire manufacturer, Magnet Wire Services Inc. The region is expected to witness moderate growth rate over the forecast period owing to its well-established manufacturing sector and high level of industrialization coupled with technological advancements in end-use industries such as motors and transformers for electricity generation and distribution applications respectively.


Growth Factors:


  • Increasing demand from the electrical and electronics industry for high-performance magnet wire products is expected to drive the market growth.
  • Rising demand for energy-efficient electric motors and generators is also anticipated to boost the market growth over the forecast period.
  • Growing popularity of electric vehicles is another key factor that is expected to fuel the demand for magnet wire in coming years.
  • Rapid industrialization in emerging economies such as China and India is projected to create new opportunities for Magnet Wire manufacturers in these regions over the forecast period.
  • Technological advancements in manufacturing processes are likely to result in increased production efficiency and reduced manufacturing costs, which would further boost market growth

Scope Of The Report

Report Attributes

Report Details

Report Title

Magnet Wire Market Research Report

By Type

Copper Magnet Wire, Aluminum Magnet Wire

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, Roshow Technology, Shangfeng Industrial, Tongling Copper Crown Electrical, HONGYUAN, Ronsen Super Micro-Wire, Shenmao Magnet Wire, GOLD CUP ELECTRIC, Tianjin Jing Wei Electric Wire

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

234

Number of Tables & Figures

164

Customization Available

Yes, the report can be customized as per your need.


Global Magnet Wire Market Report Segments:

The global Magnet Wire market is segmented on the basis of:

Types

Copper Magnet Wire, Aluminum Magnet 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, 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:

  1. Superior Essex
  2. Rea
  3. Sumitomo Electric
  4. Liljedahl
  5. Fujikura
  6. Hitachi
  7. IRCE
  8. Magnekon
  9. Condumex
  10. Elektrisola
  11. Von Roll
  12. Alconex
  13. Jingda
  14. Citychamp Dartong
  15. Shanghai Yuke
  16. Roshow Technology
  17. Shangfeng Industrial
  18. Tongling Copper Crown Electrical
  19. HONGYUAN
  20. Ronsen Super Micro-Wire
  21. Shenmao Magnet Wire
  22. GOLD CUP ELECTRIC
  23. Tianjin Jing Wei Electric Wire

Global Magnet Wire Market Overview


Highlights of The Magnet Wire Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Copper Magnet Wire
    2. Aluminum Magnet Wire
  1. By Application:

    1. Motors
    2. Transformers
    3. Home Appliance
    4. Reactor
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the 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

Global Magnet Wire Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Magnet wire is a type of wire that has been coated with a magnetic material. This makes the wire able to attract and hold small pieces of metal, which can be used in various applications.

Some of the major companies in the magnet wire market are Superior Essex, Rea, Sumitomo Electric, Liljedahl, Fujikura, Hitachi, IRCE, Magnekon, Condumex, Elektrisola, Von Roll, Alconex, Jingda, Citychamp Dartong, Shanghai Yuke, Roshow Technology, Shangfeng Industrial, Tongling Copper Crown Electrical, HONGYUAN, Ronsen Super Micro-Wire, Shenmao Magnet Wire, GOLD CUP ELECTRIC, Tianjin Jing Wei Electric Wire.

The magnet wire market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Magnet Wire Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Magnet Wire Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Magnet Wire Market - Supply Chain
   4.5. Global Magnet Wire Market Forecast
      4.5.1. Magnet Wire Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Magnet Wire Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Magnet Wire Market Absolute $ Opportunity

5. Global Magnet Wire Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Magnet Wire Market Size and Volume Forecast by Type
      5.3.1. Copper Magnet Wire
      5.3.2. Aluminum Magnet Wire
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Magnet Wire Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Magnet Wire Market Size and Volume Forecast by Application
      6.3.1. Motors
      6.3.2. Transformers
      6.3.3. Home Appliance
      6.3.4. Reactor
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Magnet Wire Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Magnet Wire Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Magnet Wire Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Magnet Wire Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Magnet Wire Demand Share Forecast, 2019-2026

9. North America Magnet Wire Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Magnet Wire Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Magnet Wire Market Size and Volume Forecast by Application
      9.4.1. Motors
      9.4.2. Transformers
      9.4.3. Home Appliance
      9.4.4. Reactor
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Magnet Wire Market Size and Volume Forecast by Type
      9.7.1. Copper Magnet Wire
      9.7.2. Aluminum Magnet Wire
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Magnet Wire Demand Share Forecast, 2019-2026

10. Latin America Magnet Wire Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Magnet Wire Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Magnet Wire Market Size and Volume Forecast by Application
      10.4.1. Motors
      10.4.2. Transformers
      10.4.3. Home Appliance
      10.4.4. Reactor
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Magnet Wire Market Size and Volume Forecast by Type
      10.7.1. Copper Magnet Wire
      10.7.2. Aluminum Magnet Wire
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Magnet Wire Demand Share Forecast, 2019-2026

11. Europe Magnet Wire Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Magnet Wire Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Magnet Wire Market Size and Volume Forecast by Application
      11.4.1. Motors
      11.4.2. Transformers
      11.4.3. Home Appliance
      11.4.4. Reactor
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Magnet Wire Market Size and Volume Forecast by Type
      11.7.1. Copper Magnet Wire
      11.7.2. Aluminum Magnet Wire
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Magnet Wire Demand Share, 2019-2026

12. Asia Pacific Magnet Wire Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Magnet Wire Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Magnet Wire Market Size and Volume Forecast by Application
      12.4.1. Motors
      12.4.2. Transformers
      12.4.3. Home Appliance
      12.4.4. Reactor
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Magnet Wire Market Size and Volume Forecast by Type
      12.7.1. Copper Magnet Wire
      12.7.2. Aluminum Magnet Wire
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Magnet Wire Demand Share, 2019-2026

13. Middle East & Africa Magnet Wire Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Magnet Wire Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Magnet Wire Market Size and Volume Forecast by Application
      13.4.1. Motors
      13.4.2. Transformers
      13.4.3. Home Appliance
      13.4.4. Reactor
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Magnet Wire Market Size and Volume Forecast by Type
      13.7.1. Copper Magnet Wire
      13.7.2. Aluminum Magnet Wire
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Magnet Wire Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Magnet Wire Market: Market Share Analysis
   14.2. Magnet Wire Distributors and Customers
   14.3. Magnet Wire Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Superior Essex
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Rea
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Sumitomo Electric
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Liljedahl
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Fujikura
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Hitachi
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. IRCE
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Magnekon
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Condumex
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Elektrisola
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Von Roll
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Alconex
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Jingda
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Citychamp Dartong
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Shanghai Yuke
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Roshow Technology
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Shangfeng Industrial
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Tongling Copper Crown Electrical
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. HONGYUAN
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Ronsen Super Micro-Wire
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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