MELBOURNE, Australia, Jan. 18, 2023 /PRNewswire/ -- Data Bridge Market Research has recently published a Report, titled, "Magnet Wire Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. The wide-ranging Magnet Wire market report underlines the primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis. Other key market parameters range from industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, to company market share analysis. Global Magnet Wire market document carries out an evaluation of the growth rate and the market value of Magnet Wire industry based on market dynamics and growth inducing factors.
Data Bridge Market Research analyses that the magnet wire market is expected to reach USD 52.94 billion by 2030, which is USD 34.49 billion in 2022, registering a CAGR of 5.50% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Download Sample Copy of Magnet Wire Market @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-magnet-wire-market
Market Overview:
Magnet wire is an aluminium (Al) or copper (Cu) wire which is coated with a very thin layer of insulation. It is used in the construction of transformers, hard disk head actuators, electromagnets, electric guitar pickups, inductors, motors, generators, speakers and other applications that need tight coils of insulated wire.
Magnet wire is basically used in numerous end-use industries, which is a substantial factor in the growth for the market globally. The heat resistance, uniformity and degree of insulation, good electrical characteristics such as resistance to chemicals, varnishes, insulation resistance and dielectric strength and solvents, hydrolytic degradation and resistance to moisture and water are just a few of the major advantages that magnet wires can provide. Moreover, the demand for magnet wire applications will be driven by the rapid expansion of consumer electronics industry's during the forecast period.
Opportunities for Players:
- Numerous benefits associated with magnet wire
Magnet wires' benefits include heat resistance, uniformity & degree of insulation, good electrical characteristics such as resistance to chemicals, varnishes & solvents, resistance to moisture & water, insulation resistance and dielectric strength and hydrolytic degradation. A notable demand for high-end electric and electronic products for residential and industrial purposes will favor industry growth. Moreover, swift development of the consumer electronics sector will create numerous opportunities for magnet wire market over the forecast period.
- Increasing penetration toward renewable energy
Growing penetration toward renewable energy among consumers and market players is expected to deliver lucrative opportunities for market growth. As per the analysis of Global Wind Energy Council (GWEC), the global cumulative wind capacity is anticipated to reach 731.9 GW by 2020, a rise of 22.5% from 2018.
Some of the major players operating in the Magnet Wire market are:
- Hitachi Metals Ltd. (Japan)
- Sumitomo Electric Industries, Ltd. (Japan)
- Furukawa Electric Co., Ltd. (Japan)
- Fujikura Ltd. (Japan)
- Sam Dong (South Korea)
- LS Cable & System Ltd. (South Korea)
- Tongling Jingda Special Magnet Wire Co., Ltd. (China)
- Ningbo Jintian Copper (Group) Co., Ltd. (China)
- IRCE S.p.A (Italy)
- Von Roll (Switzerland)
- Ewwa (Sweden)
Recent Development
- In 2021, Essex Furukawa presented Sight Machine Inc. as the manufacturing productivity platform for its plants in the U.S, China and Germany. Sight Machine's manufacturing productivity platform provides real results in sustainability, efficiency and quality.
- In 2021, LS Cable and System is presently targeting to strengthen its presence in the global market for electric vehicle parts and components, with major focus on high-voltage and lightweight and aluminium wires. The cable manufacturing plant of LS Group accounts that the company is now exclusively supply magnet wires for Hyundai Motor's.
Get Full PDF Research Report to Understand More @ https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-magnet-wire-market
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Magnet Wire market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Magnet Wire Market
Market Dynamics: Magnet Wire Market
Drivers
- Growth and expansion of electric vehicles
The electric vehicles (EV) are highly contribute to a cleaner, safer and more energy-efficient environment. It is projected that demand for the hybrid and electric vehicles would surge considerably. The need for improved technology, more electric chargers and increasing affordability are the major causes of this surge in demand of magnet wire. The increase in electric vehicle sales is boosting the demand for the magnet wire. Magnet wire is necessary in different quantities for all types of electric cars. In addition to numerous other usages, these wires are used in charging infrastructure, electric motors and bus bars. According to a study by Copper Development Association Inc., the stator windings of a pure electric car can use approx. more than a mile of copper wiring. As a result of this, the increasing production of hybrid and electric vehicles ultimately drives the growth of the magnet wires market.
- Surging usage of magnet wire in motors
Motors are widely used in several industries such as transportation, manufacturing and electronics. The motors have ability to convert electrical current into mechanical power. Furthermore, magnet wires are utilized as winding coils in the motors due to their better dielectric strength, thermal resistance and insulation resistance. Furthermore, these characteristics make them suitable for manufacturing motors for automobile applications comprising sunroof motors, wiper motors, door motors, ventilation motors, seat adjustment motors, solenoids and other automotive parts.
Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively
- This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
- It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer behaviour that can help the organization better curate market strategies
- Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
- Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot
- The market research report includes all of the market's valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
- The report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
To Gain More Insights about this Research, Visit @ https://www.databridgemarketresearch.com/reports/global-magnet-wire-market
Key Industry Segmentation: Magnet Wire Market
By Type
- Copper
- Aluminium
By Product Type
- Enamelled Wire
- Covered Conductor Wire
By Material
- Polyamide-Imide (PAI)
- Polyimides (PI)
- Polyetherimide (PEI)
- Polyether Ether Ketone (PEEK)
By Shape
- Round Magnet Wire
- Round Bondable Magnet Wire
- Rectangle Magnet Wire
- Square Magnet Wire
By Application
- Motor
- Home Appliance
- Transformer
By Distribution Channel
- E-Commerce
- Supermarkets/Hypermarkets
- Specialty Stores
- B2b/Third Party Distributors
By End-User
- Electrical and Electronics
- Industrial
- Transportation
- Energy
- Automotive
- Residential
- Infrastructure
Regional Analysis/Insights: Magnet Wire Market
The countries covered in the magnet wire market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the magnet wire market in terms of revenue growth and market share. The market growth is attributed to the high demand for power transformers and growing usage of magnet wire in the medical sector within the region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the development of the electrical and electronics and automotive industries in Japan, China, and India. China is driving the growth of the Asia-Pacific magnet wire market owing to its cutting-edge and efficient production of electronics products by using these materials at the highest calibre.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Magnet Wire Market: Regulations
- Market Overview
- Global Magnet Wire Market, By Type
- Global Magnet Wire Market, By Product Type
- Global Magnet Wire Market, By Material
- Global Magnet Wire Market, By Shape
- Global Magnet Wire Market, By Application
- Global Magnet Wire Market, By End User
- Global Magnet Wire Market, By Distribution Channel
- Global Magnet Wire Market, By Region
- Global Magnet Wire Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-magnet-wire-market
Explore More Reports:
Automotive Magnet Wire Market, By Type (Copper Wire, Aluminium Wire), Product Type (Enamelled Wire, Covered Conductor Wire), Material (Polyamide-Imide (PAI), Polyimides (PI), Polyetherimide (PEI), Polyether Ether Ketone (PEEK), Others), Shape (Round Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Lock, Seating, Others), Distribution Channel (B2B, Speciality Stores, E-Commerce, Supermarkets/Hypermarkets, Others), End User (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, Rest of Asia-Pacific, Saudi Arabia, South Africa, Israel, UAE, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America) https://www.databridgemarketresearch.com/reports/global-automotive-magnet-wire-market
Asia-Pacific Automotive Magnet Wire Market, By Type (Copper Wire, Aluminium Wire), Product Type (Enamelled Wire, Covered Conductor Wire), Material (Polyamide-imide (PAI) , Polyimides (PI), Polyetherimide (PEI), Polyether Ether Ketone (PEEK)), Shape (Round Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Lock and Seating), Distribution Channel (B2B, Speciality Stores, E-Commerce, Supermarkets/Hypermarkets), End User (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), Country (China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific) https://www.databridgemarketresearch.com/reports/asia-pacific-automotive-magnet-wire-market
Europe Automotive Magnet Wire Market, By Type (Copper Wire, Aluminium Wire), Product Type (Enamelled Wire, Covered Conductor Wire), Material (Polyamide-imide (PAI), Polyimides (PI), Polyetherimide (PEI), Polyether Ether Ketone (PEEK)), Shape (Round Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Lock and Seating), Distribution Channel (B2B, Speciality Stores, E-Commerce, Supermarkets/Hypermarkets), End User (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), Country (Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Turkey, Switzerland, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-automotive-magnet-wire-market
Middle East and Africa Automotive Magnet Wire Market, By Type (Copper Wire, Aluminium Wire), Product Type (Enamelled Wire, Covered Conductor Wire), Material (Polyamide-imide (PAI), Polyimides (PI), Polyetherimide (PEI), Polyether Ether Ketone (PEEK)), Shape (Round Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Lock and Seating), Distribution Channel (B2B, Speciality Stores, E-Commerce, Supermarkets/Hypermarkets), End User (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), Country (South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-automotive-magnet-wire-market
North America Automotive Magnet Wire Market, By Type (Copper Wire, Aluminium Wire), Product Type (Enamelled Wire, Covered Conductor Wire), Material (Polyamide-imide (PAI) , Polyimides (PI), Polyetherimide (PEI), Polyether Ether Ketone (PEEK)), Shape (Round Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Lock and Seating), Distribution Channel (B2B, Speciality Stores, E-Commerce, Supermarkets/Hypermarkets), End User (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), Country (U.S., Canada, Mexico) https://www.databridgemarketresearch.com/reports/north-america-automotive-magnet-wire-market
Europe Magnet Wire Market, By Type (Copper, Aluminum and Others), Product Type (Enamelled Wire and Covered Conductor Wire), Material (Polyamide-Imide (PAI), Polyimides (PI), Polyetherimide (PEI) And Polyether Ether Ketone (PEEK) and Others), Shape (Round Magnet Wire, Round Bondable Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Home Appliance, Transformer, Others), Distribution Channel (E-Commerce, Supermarks/Hypermarkets, Specialty Stores, B2b/Third Party Distributors and Others), End-User (Electrical & Electronics, Industrial, Transportation, Energy, Automotive, Residential, Infrastructure and Others), Country (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-magnet-wire-market
Middle East and Africa Magnet Wire Market, By Type (Copper, Aluminum and Others), Product Type (Enamelled Wire and Covered Conductor Wire), Material (Polyamide-Imide (PAI), Polyimides (PI), Polyetherimide (PEI) And Polyether Ether Ketone (PEEK) and Others), Shape (Round Magnet Wire, Round Bondable Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Home Appliance, Transformer, Others), Distribution Channel (E-Commerce, Supermarks/Hypermarkets, Specialty Stores, B2b/Third Party Distributors and Others), End-User (Electrical & Electronics, Industrial, Transportation, Energy, Automotive, Residential, Infrastructure and Others), Country (U.A.E, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-magnet-wire-market
Asia-Pacific Magnet Wire Market, By Type (Copper, Aluminum and Others), Product Type (Enamelled Wire and Covered Conductor Wire), Material (Polyamide-Imide (PAI), Polyimides (PI), Polyetherimide (PEI) And Polyether Ether Ketone (PEEK) and Others), Shape (Round Magnet Wire, Round Bondable Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Home Appliance, Transformer, Others), Distribution Channel (E-Commerce, Supermarks/Hypermarkets, Specialty Stores, B2b/Third Party Distributors and Others), End-User (Electrical & Electronics, Industrial, Transportation, Energy, Automotive, Residential, Infrastructure and Others), Country (Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan and Rest of Asia-Pacific) https://www.databridgemarketresearch.com/reports/asia-pacific-magnet-wire-market
North America Magnet Wire Market, By Type (Copper, Aluminum and Others), Product Type (Enamelled Wire and Covered Conductor Wire), Material (Polyamide-Imide (PAI), Polyimides (PI), Polyetherimide (PEI) And Polyether Ether Ketone (PEEK) and Others), Shape (Round Magnet Wire, Round Bondable Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Home Appliance, Transformer, Others), Distribution Channel (E-Commerce, Supermarks/Hypermarkets, Specialty Stores, B2b/Third Party Distributors and Others), End-User (Electrical & Electronics, Industrial, Transportation, Energy, Automotive, Residential, Infrastructure and Others), Country (U.S., Canada, Mexico) https://www.databridgemarketresearch.com/reports/north-america-magnet-wire-market
North America Magnetic Resonance Imaging Devices Market, By Field Strength (High-Field MRI Systems, Mid-Field MRI Systems, Low-Field MRI Systems and Others), Type (Closed MRI Systems, Wide Bore MRI and Open MRI Systems), Modality (Stationary System, Portable/Mobile System and Point-of-Care (POC) System), Indication (Brain and Neurological, Musculoskeletal, Cardiology, Mammography, Oncology, Pelvic and Abdominal, Gynecology, Urology, Dental and Others), End User (Hospitals, Diagnostic Centers, Imaging Centers, Specialty Clinics, Ambulatory Surgical Centers and Academic & Research Institutes), Distribution Channel (Direct Tender and Retail Sales), Country (U.S., Canada & Mexico) https://www.databridgemarketresearch.com/reports/north-america-magnetic-resonance-imaging-devices-market
Europe Magnetic Resonance Imaging Devices Market, By Field Strength (High-Field MRI Systems, Mid-Field MRI Systems, LowField MRI Systems and Others), Type (Closed MRI Systems, Wide Bore MRI and Open MRI Systems), Modality (Stationary System, Portable/Mobile System, Point-of-Care (POC) System), Indication (Brain and Neurological, Musculoskeletal, Cardiology, Mammography, Oncology, Pelvic and Abdominal, Gynecology, Urology, Dental and Others), End User (Hospitals, Diagnostic Centers, Imaging Centers, Specialty Clinics, Ambulatory Surgical Centers and Academic & Research Institutes), Distribution Channel (Direct Tender and Retail Sales), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-magnetic-resonance-imaging-devices-market
Asia-Pacific Magnetic Resonance Imaging Devices Market By Field Strength (High-Field MRI Systems, Mid-Field MRI Systems, Low-Field MRI Systems and Others), Type (Closed MRI Systems, Wide Bore MRI and Open MRI Systems), Modality (Stationary System, Portable/Mobile System and Point-of-Care (POC) System), Indication (Brain and Neurological, Musculoskeletal, Cardiology, Mammography, Oncology, Pelvic and Abdominal, Gynecology, Urology, Dental and Others), End-User (Hospitals, Diagnostic Centers, Imaging Centers, Specialty Clinics, Ambulatory Surgical Centers and Academic and Research Institutes), Distribution Channel (Direct Tender and Retail Sales) https://www.databridgemarketresearch.com/reports/asia-pacific-magnetic-resonance-imaging-devices-market
Magnetic Resonance Imaging (MRI) Devices Market, By Type (Conventional, Bio-based), Process (Trans-Esterification, Direct Esterification), Field Strength (High-Field Magnetic Resonance Imaging (MRI) Systems (1.5t to 3t), Low-To-Mid-Field Magnetic Resonance Imaging (MRI) Systems (<1.5t), Very-High-Field Magnetic Resonance Imaging (MRI) Systems (4t and Above)), Architecture (Closed Magnetic Resonance Imaging (MRI) Systems, Standard Bore Magnetic Resonance Imaging (MRI), Wide-Bore Magnetic Resonance Imaging (MRI), Open Magnetic Resonance Imaging (MRI) Systems), Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal and Other Applications), End Users (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others) https://www.databridgemarketresearch.com/reports/global-magnetic-resonance-imaging-mri-devices-market
Europe Magnetic Resonance Imaging (MRI) Devices Market, By Field Strength (High-Field Magnetic Resonance Imaging (MRI) Systems (1.5t to 3t), Low-To-Mid-Field Magnetic Resonance Imaging (MRI) Systems (<1.5t) and Very-High-Field Magnetic Resonance Imaging (MRI) Systems (4t and Above)) By Architecture (Closed Magnetic Resonance Imaging (MRI) Systems, Standard Bore Magnetic Resonance Imaging (MRI), Wide-Bore Magnetic Resonance Imaging (MRI) and Open Magnetic Resonance Imaging (MRI) Systems), By Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal and Other Applications), End User (Hospitals, Diagnostic Centres, Imaging Centres, Specialty Clinics, Ambulatory Surgical Centres and Academic and Research Institutes), Distribution Channel (Direct Tender and Retail Sales), Country (Germany , France , United Kingdom , Italy, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-magnetic-resonance-imaging-mri-devices-market
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
Contact Us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: corporatesales@databridgemarketresearch.com
Logo: https://mma.prnewswire.com/media/1011053/Data_Bridge_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/magnet-wire-market-to-perceive-prominent-growth-of-usd-52-94-billion-by-2030--size-share-trends-demand-segmentation-and-competitive-analysis-301723675.html
