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.
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:
- 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
Highlights of The 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 Magnet Wire
- Aluminum Magnet Wire
- 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 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
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- Consumer Insights
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- Product & Brand Management
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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 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