Magnet Wire Industry Research Report 2024

Magnet Wire Industry Research Report 2024


Magnet wire or enameled wire is a copper or aluminium wire coated with a very thin layer of insulation. It is used in the construction of transformers, inductors, motors, speakers, hard disk head actuators, electromagnets, and other applications that require tight coils of insulated wire.

Highlights

The global Magnet Wire market is projected to reach US$ million by 2030 from an estimated US$ million in 2024, at a CAGR of % during 2025 and 2030.
Asia-Pacific is the largest market with about 53% revenue market share. North America and Europe are follower, accounting for about 35% revenue market share.
The main manufacturers 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 etc. The top 5 companies account for about 29% of revenue market share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Magnet Wire, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magnet Wire.
The Magnet Wire market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Magnet Wire market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Magnet Wire manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

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

Product Type Insights

Global markets are presented by Magnet Wire type, along with growth forecasts through 2030. Estimates on production and value are based on the price in the supply chain at which the Magnet Wire are procured by the manufacturers.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and during the historical period (2019-2024) and forecast period (2025-2030).
Magnet Wire segment by Type

Copper Magnet Wire
Aluminum Magnet Wire

Application Insights

This report has provided the market size (production and revenue data) by application, during the historical period (2019-2024) and forecast period (2025-2030).
This report also outlines the market trends of each segment and consumer behaviors impacting the Magnet Wire market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Magnet Wire market.
Magnet Wire segment by Application

Motors
Transformers
Home Appliance
Reactor
Others

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2019-2030.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2023 because of the base year, with estimates for 2024 and forecast value for 2030.
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Magnet Wire market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Magnet Wire market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Magnet Wire and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Magnet Wire industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Magnet Wire.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Magnet Wire manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Magnet Wire by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Magnet Wire in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Magnet Wire by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030) & (US$ Million)
1.2.2 Copper Magnet Wire
1.2.3 Aluminum Magnet Wire
2.3 Magnet Wire by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030) & (US$ Million)
2.3.2 Motors
2.3.3 Transformers
2.3.4 Home Appliance
2.3.5 Reactor
2.3.6 Others
2.4 Global Market Growth Prospects
2.4.1 Global Magnet Wire Production Value Estimates and Forecasts (2019-2030)
2.4.2 Global Magnet Wire Production Capacity Estimates and Forecasts (2019-2030)
2.4.3 Global Magnet Wire Production Estimates and Forecasts (2019-2030)
2.4.4 Global Magnet Wire Market Average Price (2019-2030)
3 Market Competitive Landscape by Manufacturers
3.1 Global Magnet Wire Production by Manufacturers (2019-2024)
3.2 Global Magnet Wire Production Value by Manufacturers (2019-2024)
3.3 Global Magnet Wire Average Price by Manufacturers (2019-2024)
3.4 Global Magnet Wire Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Magnet Wire Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Magnet Wire Manufacturers, Product Type & Application
3.7 Global Magnet Wire Manufacturers, Date of Enter into This Industry
3.8 Global Magnet Wire Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Superior Essex
4.1.1 Superior Essex Magnet Wire Company Information
4.1.2 Superior Essex Magnet Wire Business Overview
4.1.3 Superior Essex Magnet Wire Production, Value and Gross Margin (2019-2024)
4.1.4 Superior Essex Product Portfolio
4.1.5 Superior Essex Recent Developments
4.2 Rea
4.2.1 Rea Magnet Wire Company Information
4.2.2 Rea Magnet Wire Business Overview
4.2.3 Rea Magnet Wire Production, Value and Gross Margin (2019-2024)
4.2.4 Rea Product Portfolio
4.2.5 Rea Recent Developments
4.3 Sumitomo Electric
4.3.1 Sumitomo Electric Magnet Wire Company Information
4.3.2 Sumitomo Electric Magnet Wire Business Overview
4.3.3 Sumitomo Electric Magnet Wire Production, Value and Gross Margin (2019-2024)
4.3.4 Sumitomo Electric Product Portfolio
4.3.5 Sumitomo Electric Recent Developments
4.4 Liljedahl
4.4.1 Liljedahl Magnet Wire Company Information
4.4.2 Liljedahl Magnet Wire Business Overview
4.4.3 Liljedahl Magnet Wire Production, Value and Gross Margin (2019-2024)
4.4.4 Liljedahl Product Portfolio
4.4.5 Liljedahl Recent Developments
4.5 Fujikura
4.5.1 Fujikura Magnet Wire Company Information
4.5.2 Fujikura Magnet Wire Business Overview
4.5.3 Fujikura Magnet Wire Production, Value and Gross Margin (2019-2024)
4.5.4 Fujikura Product Portfolio
4.5.5 Fujikura Recent Developments
4.6 Hitachi
4.6.1 Hitachi Magnet Wire Company Information
4.6.2 Hitachi Magnet Wire Business Overview
4.6.3 Hitachi Magnet Wire Production, Value and Gross Margin (2019-2024)
4.6.4 Hitachi Product Portfolio
4.6.5 Hitachi Recent Developments
4.7 IRCE
4.7.1 IRCE Magnet Wire Company Information
4.7.2 IRCE Magnet Wire Business Overview
4.7.3 IRCE Magnet Wire Production, Value and Gross Margin (2019-2024)
4.7.4 IRCE Product Portfolio
4.7.5 IRCE Recent Developments
4.8 Magnekon
4.8.1 Magnekon Magnet Wire Company Information
4.8.2 Magnekon Magnet Wire Business Overview
4.8.3 Magnekon Magnet Wire Production, Value and Gross Margin (2019-2024)
4.8.4 Magnekon Product Portfolio
4.8.5 Magnekon Recent Developments
4.9 Condumex
4.9.1 Condumex Magnet Wire Company Information
4.9.2 Condumex Magnet Wire Business Overview
4.9.3 Condumex Magnet Wire Production, Value and Gross Margin (2019-2024)
4.9.4 Condumex Product Portfolio
4.9.5 Condumex Recent Developments
4.10 Elektrisola
4.10.1 Elektrisola Magnet Wire Company Information
4.10.2 Elektrisola Magnet Wire Business Overview
4.10.3 Elektrisola Magnet Wire Production, Value and Gross Margin (2019-2024)
4.10.4 Elektrisola Product Portfolio
4.10.5 Elektrisola Recent Developments
7.11 Von Roll
7.11.1 Von Roll Magnet Wire Company Information
7.11.2 Von Roll Magnet Wire Business Overview
4.11.3 Von Roll Magnet Wire Production, Value and Gross Margin (2019-2024)
7.11.4 Von Roll Product Portfolio
7.11.5 Von Roll Recent Developments
7.12 Alconex
7.12.1 Alconex Magnet Wire Company Information
7.12.2 Alconex Magnet Wire Business Overview
7.12.3 Alconex Magnet Wire Production, Value and Gross Margin (2019-2024)
7.12.4 Alconex Product Portfolio
7.12.5 Alconex Recent Developments
7.13 Jingda
7.13.1 Jingda Magnet Wire Company Information
7.13.2 Jingda Magnet Wire Business Overview
7.13.3 Jingda Magnet Wire Production, Value and Gross Margin (2019-2024)
7.13.4 Jingda Product Portfolio
7.13.5 Jingda Recent Developments
7.14 Citychamp Dartong
7.14.1 Citychamp Dartong Magnet Wire Company Information
7.14.2 Citychamp Dartong Magnet Wire Business Overview
7.14.3 Citychamp Dartong Magnet Wire Production, Value and Gross Margin (2019-2024)
7.14.4 Citychamp Dartong Product Portfolio
7.14.5 Citychamp Dartong Recent Developments
7.15 Shanghai Yuke
7.15.1 Shanghai Yuke Magnet Wire Company Information
7.15.2 Shanghai Yuke Magnet Wire Business Overview
7.15.3 Shanghai Yuke Magnet Wire Production, Value and Gross Margin (2019-2024)
7.15.4 Shanghai Yuke Product Portfolio
7.15.5 Shanghai Yuke Recent Developments
7.16 Roshow Technology
7.16.1 Roshow Technology Magnet Wire Company Information
7.16.2 Roshow Technology Magnet Wire Business Overview
7.16.3 Roshow Technology Magnet Wire Production, Value and Gross Margin (2019-2024)
7.16.4 Roshow Technology Product Portfolio
7.16.5 Roshow Technology Recent Developments
7.17 Shangfeng Industrial
7.17.1 Shangfeng Industrial Magnet Wire Company Information
7.17.2 Shangfeng Industrial Magnet Wire Business Overview
7.17.3 Shangfeng Industrial Magnet Wire Production, Value and Gross Margin (2019-2024)
7.17.4 Shangfeng Industrial Product Portfolio
7.17.5 Shangfeng Industrial Recent Developments
7.18 Tongling Copper Crown Electrical
7.18.1 Tongling Copper Crown Electrical Magnet Wire Company Information
7.18.2 Tongling Copper Crown Electrical Magnet Wire Business Overview
7.18.3 Tongling Copper Crown Electrical Magnet Wire Production, Value and Gross Margin (2019-2024)
7.18.4 Tongling Copper Crown Electrical Product Portfolio
7.18.5 Tongling Copper Crown Electrical Recent Developments
7.19 HONGYUAN
7.19.1 HONGYUAN Magnet Wire Company Information
7.19.2 HONGYUAN Magnet Wire Business Overview
7.19.3 HONGYUAN Magnet Wire Production, Value and Gross Margin (2019-2024)
7.19.4 HONGYUAN Product Portfolio
7.19.5 HONGYUAN Recent Developments
7.20 Ronsen Super Micro-Wire
7.20.1 Ronsen Super Micro-Wire Magnet Wire Company Information
7.20.2 Ronsen Super Micro-Wire Magnet Wire Business Overview
7.20.3 Ronsen Super Micro-Wire Magnet Wire Production, Value and Gross Margin (2019-2024)
7.20.4 Ronsen Super Micro-Wire Product Portfolio
7.20.5 Ronsen Super Micro-Wire Recent Developments
7.21 Shenmao Magnet Wire
7.21.1 Shenmao Magnet Wire Magnet Wire Company Information
7.21.2 Shenmao Magnet Wire Magnet Wire Business Overview
7.21.3 Shenmao Magnet Wire Magnet Wire Production, Value and Gross Margin (2019-2024)
7.21.4 Shenmao Magnet Wire Product Portfolio
7.21.5 Shenmao Magnet Wire Recent Developments
7.22 GOLD CUP ELECTRIC
7.22.1 GOLD CUP ELECTRIC Magnet Wire Company Information
7.22.2 GOLD CUP ELECTRIC Magnet Wire Business Overview
7.22.3 GOLD CUP ELECTRIC Magnet Wire Production, Value and Gross Margin (2019-2024)
7.22.4 GOLD CUP ELECTRIC Product Portfolio
7.22.5 GOLD CUP ELECTRIC Recent Developments
7.23 Tianjin Jing Wei Electric Wire
7.23.1 Tianjin Jing Wei Electric Wire Magnet Wire Company Information
7.23.2 Tianjin Jing Wei Electric Wire Magnet Wire Business Overview
7.23.3 Tianjin Jing Wei Electric Wire Magnet Wire Production, Value and Gross Margin (2019-2024)
7.23.4 Tianjin Jing Wei Electric Wire Product Portfolio
7.23.5 Tianjin Jing Wei Electric Wire Recent Developments
5 Global Magnet Wire Production by Region
5.1 Global Magnet Wire Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.2 Global Magnet Wire Production by Region: 2019-2030
5.2.1 Global Magnet Wire Production by Region: 2019-2024
5.2.2 Global Magnet Wire Production Forecast by Region (2025-2030)
5.3 Global Magnet Wire Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.4 Global Magnet Wire Production Value by Region: 2019-2030
5.4.1 Global Magnet Wire Production Value by Region: 2019-2024
5.4.2 Global Magnet Wire Production Value Forecast by Region (2025-2030)
5.5 Global Magnet Wire Market Price Analysis by Region (2019-2024)
5.6 Global Magnet Wire Production and Value, YOY Growth
5.6.1 North America Magnet Wire Production Value Estimates and Forecasts (2019-2030)
5.6.2 Europe Magnet Wire Production Value Estimates and Forecasts (2019-2030)
5.6.3 China Magnet Wire Production Value Estimates and Forecasts (2019-2030)
5.6.4 Japan Magnet Wire Production Value Estimates and Forecasts (2019-2030)
6 Global Magnet Wire Consumption by Region
6.1 Global Magnet Wire Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
6.2 Global Magnet Wire Consumption by Region (2019-2030)
6.2.1 Global Magnet Wire Consumption by Region: 2019-2030
6.2.2 Global Magnet Wire Forecasted Consumption by Region (2025-2030)
6.3 North America
6.3.1 North America Magnet Wire Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.3.2 North America Magnet Wire Consumption by Country (2019-2030)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe
6.4.1 Europe Magnet Wire Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.4.2 Europe Magnet Wire Consumption by Country (2019-2030)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific
6.5.1 Asia Pacific Magnet Wire Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.5.2 Asia Pacific Magnet Wire Consumption by Country (2019-2030)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 China Taiwan
6.5.7 Southeast Asia
6.5.8 India
6.5.9 Australia
6.6 Latin America, Middle East & Africa
6.6.1 Latin America, Middle East & Africa Magnet Wire Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.6.2 Latin America, Middle East & Africa Magnet Wire Consumption by Country (2019-2030)
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Turkey
6.6.5 GCC Countries
7 Segment by Type
7.1 Global Magnet Wire Production by Type (2019-2030)
7.1.1 Global Magnet Wire Production by Type (2019-2030) & (K MT)
7.1.2 Global Magnet Wire Production Market Share by Type (2019-2030)
7.2 Global Magnet Wire Production Value by Type (2019-2030)
7.2.1 Global Magnet Wire Production Value by Type (2019-2030) & (US$ Million)
7.2.2 Global Magnet Wire Production Value Market Share by Type (2019-2030)
7.3 Global Magnet Wire Price by Type (2019-2030)
8 Segment by Application
8.1 Global Magnet Wire Production by Application (2019-2030)
8.1.1 Global Magnet Wire Production by Application (2019-2030) & (K MT)
8.1.2 Global Magnet Wire Production by Application (2019-2030) & (K MT)
8.2 Global Magnet Wire Production Value by Application (2019-2030)
8.2.1 Global Magnet Wire Production Value by Application (2019-2030) & (US$ Million)
8.2.2 Global Magnet Wire Production Value Market Share by Application (2019-2030)
8.3 Global Magnet Wire Price by Application (2019-2030)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Magnet Wire Value Chain Analysis
9.1.1 Magnet Wire Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Magnet Wire Production Mode & Process
9.2 Magnet Wire Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Magnet Wire Distributors
9.2.3 Magnet Wire Customers
10 Global Magnet Wire Analyzing Market Dynamics
10.1 Magnet Wire Industry Trends
10.2 Magnet Wire Industry Drivers
10.3 Magnet Wire Industry Opportunities and Challenges
10.4 Magnet Wire Industry Restraints
11 Report Conclusion
12 Disclaimer

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