The global Magnet Wire market was valued at 234.39 Million USD in 2020 and will grow with a CAGR of 1.96% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this
report “Global and Regional Magnet Wire Industry
Status and Prospects Professional Market Research Report Standard Version
2021-2027” is
to provide the insights on the post COVID-19 impact which will help market
players in this field evaluate their business approaches. Also, this report
covers market segmentation by major market verdors, types, applications/end
users and geography (North America, East Asia, Europe, South Asia, Southeast
Asia, Middle East, Africa, Oceania, South America).
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.Asia-Pacific is the dominant consumption and export
country of magnet wire, the sales of magnet wire is 2093 K Unit in 2016,
according about 60% of the total amount. Asia-Pacific is also the biggest
production country of magnet wire, with the large amount of production in
China. Europe is the second largest sales area, with the market share of 16.26%
in 2016.
Even though a huge space for
growth in the Asia-Pacific market exists, the quality and technology should
further improve. Leading players in magnet wire industry are Superior Essex,
Rea, Sumitomo Electric, Liljedahl and many Chinese manufactures. Superior Essex
is the largest manufacturer, occupies about 10.92% revenue share of the market.
As large demand of high-end products at home and abroad, many companies began
to enter the field of high-end. Currently, the Chinese magnet wire industry is
not only begin to transit to high-end magnet wire products, while still extend
in the resource-rich land and downstream industry chain.
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By
Market Verdors:
Superior Essex
Sumitomo Electric
Liljedahl
Fujikura
Hitachi
Citychamp Dartong
Shanghai Yuke
Roshow Technology
Shangfeng Industrial
Tongling Copper Crown
Electrical
By
Types:
Copper Magnet Wire
Aluminum Magnet Wire
By
Applications:
Motors
Transformers
Home Appliance
Reactor
Key
Indicators Analysed
Market
Players & Competitor Analysis: The Global
Magnet Wire Market Research
Report covers the key players of the industry including Company
Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and
Gross Margin 2016-2027 & Sales with a thorough analysis of the market's
competitive landscape and detailed information on vendors and comprehensive
details of factors that will challenge the growth of major market vendors.
Global
and Regional Market Analysis: The report includes Global
& Regional market status and outlook 2016-2027. Further the report provides
break down details about each region & countries covered in the report.
Identifying its sales, sales volume & revenue forecast. With detailed
analysis by types and applications.
Market
Trends: Market key trends which include Increased Competition
and Continuous Innovations.
Opportunities
and Drivers: Identifying the Growing Demands and New
Technology
Porters
Five Force Analysis: The report provides with the state of
competition in industry depending on five basic forces: threat of new entrants,
bargaining power of suppliers, bargaining power of buyers, threat of substitute
products or services, and existing industry rivalry.
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