“Magnet Wire Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global magnet wire market.
This report focuses on magnet wire market which is experiencing strong growth. The report gives a guide to the magnet wire market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the magnet wire? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Magnet Wire market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider magnet wire market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The magnet wire market section of the report gives context. It compares the magnet wire market with other segments of the magnet wire market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, magnet wire indicators comparison.
Scope
Markets Covered:
- 1) By Type: Copper; Aluminum
- 2) By Shape: Round; Rectangle; Square
- 3) By Application: Motor; Home Appliance; Transformer; Other Applications
- 4) By End-User: Electrical And Electronics; Industrial; Transportation; Other End Users
- Companies Mentioned: Elektrisola; Essex Furukawa Magnet Wire LLC; Fujikura Ltd.; FurUKawa Electric Co. Ltd.; GOLD CUP ELECTRIC
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the magnet wire market are: Elektrisola, Essex Furukawa Magnet Wire LLC, Fujikura Ltd, Furukawa Electric Co. Ltd., Gold Cup Electric Electromagnetic Wire Co. Ltd., Hitachi, Hongyuan Group Co. Ltd., Roshow Technology, Jingda, Condumex, Aislantes, Alconex, LS Cable & System Ltd, Magnekon, and REA Magnet Wire.
The global magnet wire market is expected to grow from $27.32 billion in 2021 to $29.33 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The magnet wire market is expected to reach $35.42 billion in 2026 at a CAGR of 4.8%.
The magnet wire market consists of sales of magnet wires by entities (organizations, sole traders, and partnerships) that refer to copper or aluminum wire coated with a very thin layer of insulation. These are basically used in the construction of transformers, inductors, motors, speakers, hard disk head actuators, potentiometers, electromagnets, and other applications which require tight coils of wire. Magnet wire has good electrical characteristics such as dielectric strength and insulation resistance, as well as resistance to heat, water, and moisture.
The main types of magnet wire are copper and aluminum. The copper magnet wire provides excellent conductivity and very good wind ability. For special applications, copper is used as a wide variety of conductor materials and for special characteristics like higher mechanical strength or bending performance. The various shapes include round, rectangle, and square, which are used in different applications such as motors, home appliances, transformers, and others. The several end-use industries include electrical & electronics, industrial, transportation, and others.
Asia Pacific was the largest region in the magnet wire market in 2021. The regions covered in the magnet wire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in the demand for electric vehicles is expected to propel the growth of the magnet wire market going forward. Automobiles that are powered totally or partially by electricity are known as electric vehicles. Electric vehicles have low running costs due to fewer operating components to maintain, and they are also very environmentally friendly because they utilize little to no fossil fuels (petrol or diesel). Magnet wires with microcellular coating are used in electric vehicles to lower dielectric properties and processing resistance, increasing efficiency. For instance, according to International Energy Agency (IEA), a France based independent intergovernmental agency, in 2020, there were more than 10 million electric cars on the road worldwide, up 43% from 2019. Therefore, the increase in the demand for e-vehicles is driving the growth of the magnet wire market.
The number of firms adopting strategic agreements or acquiring other companies to expand the market or develop new products has increased in the magnet wire market. For instance, in November 2021, Elcowire, a Sweden-based magnet wires manufacturer, acquired the wire and rod business from KME Group, a Germany-based company that manufactures aluminum conductors, rectangular wires, and profiles for electrical purposes, for $670 million. Elcowire's acquisition of KME's Rod and Wire business will enhance the company by giving it access to a broader customer base and product portfolio, as well as expanding its geographic reach. Also, in February 2019, Rea Magnet Wire Company, a US-based magnet wire, and nonferrous metals manufacturer, collaborated with Xignux, a Mexican company that manufactures copper and aluminum cable through its subsidiary Magnekom. Following the merger, both companies' assets, as well as operational and supply chain synergies, including an enamel manufacturing factory, will be combined.
In December 2021, Hindalco, an Indian-based aluminum manufacturing company, acquired Norsk Hydro for an undisclosed amount. Through this acquisition, Hindalco expands its portfolio in the aluminum extrusion business and will serve the reputed customers with an experienced team of employees. Norsk Hydro is a Norway-based aluminum and renewable energy company that manufactures aluminum wires.
The countries covered in the magnet wire market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Magnet Wire Market Characteristics
3. Magnet Wire Market Trends And Strategies
4. Impact Of COVID-19 On Magnet Wire
5. Magnet Wire Market Size And Growth
- 5.1. Global Magnet Wire Historic Market, 2015-2020, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Magnet Wire Forecast Market, 2020-2025F, 2030F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Magnet Wire Market Segmentation
- 6.1. Global Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Copper
- Aluminum
- 6.2. Global Magnet Wire Market, Segmentation By Shape, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Round
- Rectangle
- Square
- 6.3. Global Magnet Wire Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Motor
- Home Appliance
- Transformer
- Other Applications
- 6.4. Global Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Electrical And Electronics
- Industrial
- Transportation
- Other End Users
7. Magnet Wire Market Regional And Country Analysis
- 7.1. Global Magnet Wire Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 7.2. Global Magnet Wire Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Magnet Wire Market
- 8.1. Asia-Pacific Magnet Wire Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 8.3. Asia-Pacific Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Magnet Wire Market
- 9.1. China Magnet Wire Market Overview
- 9.2. China Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
- 9.3. China Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Magnet Wire Market
- 10.1. India Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 10.2. India Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Magnet Wire Market
- 11.1. Japan Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 11.2. Japan Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Magnet Wire Market
- 12.1. Australia Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 12.2. Australia Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Magnet Wire Market
- 13.1. Indonesia Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 13.2. Indonesia Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Magnet Wire Market
- 14.1. South Korea Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 14.2. South Korea Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Magnet Wire Market
- 15.1. Western Europe Magnet Wire Market Overview
- 15.2. Western Europe Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 15.3. Western Europe Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Magnet Wire Market
- 16.1. UK Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 16.2. UK Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Magnet Wire Market
- 17.1. Germany Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 17.2. Germany Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Magnet Wire Market
- 18.4. France Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 18.5. France Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Magnet Wire Market
- 19.1. Eastern Europe Magnet Wire Market Overview
- 19.2. Eastern Europe Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 19.3. Eastern Europe Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Magnet Wire Market
- 20.1. Russia Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 20.2. Russia Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Magnet Wire Market
- 21.1. North America Magnet Wire Market Overview
- 21.2. North America Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 21.3. North America Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Magnet Wire Market
- 22.1. USA Magnet Wire Market Overview
- 22.2. USA Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 22.3. USA Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Magnet Wire Market
- 23.1. South America Magnet Wire Market Overview
- 23.2. South America Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 23.3. South America Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Magnet Wire Market
- 24.1. Brazil Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 24.2. Brazil Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Magnet Wire Market
- 25.1. Middle East Magnet Wire Market Overview
- 25.2. Middle East Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 25.3. Middle East Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Magnet Wire Market
- 26.1. Africa Magnet Wire Market Overview
- 26.2. Africa Magnet Wire Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- 26.3. Africa Magnet Wire Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Magnet Wire Market Competitive Landscape And Company Profiles
- 27.1. Magnet Wire Market Competitive Landscape
- 27.2. Magnet Wire Market Company Profiles
- 27.2.1. Elektrisola
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Essex Furukawa Magnet Wire LLC
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Fujikura Ltd
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Furukawa Electric Co. Ltd.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Gold Cup Electric Electromagnetic Wire Co. Ltd.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Magnet Wire Market
29. Magnet Wire Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer