Global Magnet Wire Market Growth 2023-2029

Global Magnet Wire Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Magnet Wire Industry Forecast” looks at past sales and reviews total world Magnet Wire sales in 2022, providing a comprehensive analysis by region and market sector of projected Magnet Wire sales for 2023 through 2029. With Magnet Wire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnet Wire industry.

This Insight Report provides a comprehensive analysis of the global Magnet Wire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Magnet Wire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Magnet Wire market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnet Wire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Magnet Wire.

The global Magnet Wire market size is projected to grow from US$ 25380 million in 2022 to US$ 29300 million in 2029; it is expected to grow at a CAGR of 29300 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnet Wire market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Copper Magnet Wire
Aluminum Magnet Wire

Segmentation by application
Motors
Transformers
Home Appliance
Reactor
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Magnet Wire market?

What factors are driving Magnet Wire market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Magnet Wire market opportunities vary by end market size?

How does Magnet Wire break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.