Global Electric Vehicle Magnet Wire Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Electric Vehicle Magnet Wire Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Electric Vehicle Magnet Wire market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Magnet wire, also known as winding wire or enamelled wire, plays a crucial role in electric vehicle (EV) motors and transformers by providing the necessary electrical conductivity and insulation. The development trend for magnet wire in electric vehicles is influenced by the need for improved performance, higher power density, and increased efficiency. Here are some key development trends in EV magnet wire:



High Temperature Rating: Electric vehicle motors operate under high temperatures due to the demanding operating conditions. The development trend focuses on magnet wire with higher temperature ratings to ensure long-term reliability and minimize thermal degradation. Advanced insulation materials and improved wire designs are being explored to withstand higher temperatures without compromising electrical properties.



Enhanced Electrical Conductivity: Higher electrical conductivity in magnet wire translates to reduced resistive losses and improved efficiency. The development trend involves the use of materials with enhanced conductivity, such as copper alloys or innovative composite materials, to maximize power transfer and minimize energy losses within the winding.



Reduced Size and Weight: Size and weight reduction are critical factors in EV design to improve overall vehicle efficiency and range. Development efforts aim to optimize magnet wire designs, enabling smaller and lighter motors without sacrificing performance. This includes exploring new conductor geometries, such as rectangular or square wires, and utilizing materials with high strength-to-weight ratios.

This report is a detailed and comprehensive analysis for global Electric Vehicle Magnet Wire market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Electric Vehicle Magnet Wire market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029

Global Electric Vehicle Magnet Wire market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029

Global Electric Vehicle Magnet Wire market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029

Global Electric Vehicle Magnet Wire market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Electric Vehicle Magnet Wire

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Electric Vehicle Magnet Wire market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Superior Essex, Rea, Sumitomo Electric, Liljedahl and Fujikura, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market Segmentation

Electric Vehicle Magnet Wire market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Flat Wire
Round Wire

Market segment by Application
Passenger Car
Commercial Vehicle

Major players covered
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

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Electric Vehicle Magnet Wire product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Electric Vehicle Magnet Wire, with price, sales, revenue and global market share of Electric Vehicle Magnet Wire from 2018 to 2023.

Chapter 3, the Electric Vehicle Magnet Wire competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Electric Vehicle Magnet Wire breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Electric Vehicle Magnet Wire market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Vehicle Magnet Wire.

Chapter 14 and 15, to describe Electric Vehicle Magnet Wire sales channel, distributors, customers, research findings and conclusion.