Magnet Wire Market Key Players, Strategies, Trends, Forecast Till 2028Posted by Supriya Kokate on August 23rd, 2021 The Magnet Wire Market is forecast to reach USD 37.46 Billion by 2028, according to a new report by Reports and Data. Magnet wire, also known as enameled wire, is made up of two types, which are copper or aluminum. It has a fragile layer of insulation coating for generating electromagnetic fields when energized. It is often used for creating coils in several applications including inductors, transformers, motors, hard disk head actuators, speakers, and electromagnets. It is mainly used for interchanging electrical energy with magnetic energy. Moreover, magnet wire is shaped and is available in round, square, or rectangular cross-section.
The expanding demand for transformers, motors, home device, and reactors across the globe is driving the growth of the market. Also, technological improvements in the electric industry for generating sounds in devices such as sound bar, speakers, and headphones are further kindling market growth. As a notable demand for high-end products at home and overseas, many organizations began to enter the field of electrical industries. The Chinese magnet wire industry is not only open to transition to high-end magnet wire products but also engage in the resource-rich land and downstream industry chain as well. The fluctuating cost of raw material such as aluminum and copper, on the other hand, is expected to restrain the market growth. Also, the booming telecommunication industry is forecasted to create possible opportunities during the forecast period. The Asia Pacific region is forecasted to register the highest CAGR of 4.1% during the forecast period. Soaring demand from economies such as Japan, China, and India are encouraging the market demand in the APAC region. The largest consumer of magnet wires is China and is expected to maintain its position in the future years. There is a growing demand for magnet wire from transportation and electrical & electronics industries in the region. Key participants include LS Cable & System, 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, and Tianjin Jing Wei Electric Wire, among others For the purpose of this report, Reports and Data have segmented into the Magnet Wire Market on the basis of Shape, Temperature, Type, End Users, Application and Region: Shape Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
Temperature Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
Type Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
End Users Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
Application Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
Regional Outlook (Volume, Kilo Tons, and Revenue, USD Billion; 2020-2028)
Further key findings from the report suggest
Table Of content: Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020-2028 Chapter 3. Indicative Metrics Chapter 4. Magnet Wire Market Segmentation & Impact Analysis 4.1. Magnet Wire Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis ….. Chapter 12. Company Profiles 12.1. Superior Essex 12.1.1. Company Overview 12.1.2. Financial Performance 12.1.3. Temperature Insights 12.1.4. Strategic Initiatives 12.2. Rea 12.2.1. Company Overview 12.2.2. Financial Performance 12.2.3. Temperature Insights 12.2.4. Strategic Initiatives 12.3. Sumitomo Electric 12.3.1. Company Overview 12.3.2. Financial Performance 12.3.3. Temperature Insights 12.3.4. Strategic Initiatives 12.4. Liljedahl 12.4.1. Company Overview 12.4.2. Financial Performance 12.4.3. Temperature Insights 12.4.4. Strategic Initiatives 12.5. Fujikura 12.5.1. Company Overview 12.5.2. Financial Performance 12.5.3. Temperature Insights 12.5.4. Strategic Initiatives 12.6. Hitachi 12.6.1. Company Overview 12.6.2. Financial Performance 12.6.3. Temperature Insights 12.6.4. Strategic Initiatives 12.7. Magnekon 12.7.1. Company Overview 12.7.2. Financial Performance Continued… Thank you for reading our report. For any inquiry on customization, please reach out to us. Our team will ensure you get the report customized as per your needs. Visit Our Blog @ https://reportsanddata.com/blog/top-8-food-industry-trends Like it? Share it!More by this author |