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Global Magnetic Wire Market by Type (Copper Magnet Wire, Aluminum Magnet Wire), By Application (Motors, Transformers, Home Appliance, Reactor, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-50077
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 96
  • No. Of Pages: 208
  • Format:
  • Pub. Date: 2021-04-04
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The Global Magnetic Wire Market size is projected to grow at a CAGR of 7%. It is a niche industry and has been witnessing exponential growth over the past few years. The major driving forces for this growth are an increase in demand for wind energy, growing demand for electric vehicles, increasing power transmission capacity globally, and renewable power generation. On the other hand, factors such as lack of standardization in product specifications, lack of awareness about the benefits of using magnet wire are hindering the market's growth.

 

 

A magnetic wire is a type of electrical conductor made from materials such as copper, aluminum, and iron that can produce an electric current when placed in the vicinity of a magnet. Magnetic wires are used extensively in motors for home appliances or industry, transformers to regulate currents among other applications.

 

 

On the basis of Type, the global magnetic wire market is segmented into copper magnet wire and aluminum magnet wire.

 

 

Copper Magnet Wire:

Copper magnet wire is composed of copper, which helps in increasing the magnetic field. Copper wire has been used in some applications because it does not degrade as quickly from repeated heating and cooling cycles as aluminum wire. It is a type of conductive metal used in electric motors and transformers. It consists of an insulated copper conductor that forms the winding for inductance coils, which are found in many electrical devices such as electric clocks or radios. The size (diameter) of these wires varies depending on their function- large diameter means higher voltage potential; small diameter equals low voltage capability and it also features a lower resistance to heat flow than iron wires do.

 

 

Aluminum Magnet Wire:

An aluminum magnet wire is made up of an insulated copper conductor covered by a layer of insulation. Aluminum has many advantages as compared to other materials such as mag steel, which is cheaper and lighter. For this reason, it is used for low-voltage high-current applications in industries like motors, transformers, home appliances, etc. It can also be used under the most corrosive conditions where corrosion resistance and conductivity are important requirements.

 

 

On the basis of Application, the global magnetic wire market is segmented into motors, transformers, home appliances (microwave ovens), reactors & others.

 

 

Motors:

The application of magnetic wire in motors is to provide a high-resistance path for the alternating current introduced at one end. With this, it can generate torque and rotation. A motor's electromagnet coils produce a steady magnetic field that runs through an electric conductor (called "armature") wound around them like thread on a spool. Shifting voltage polarity across the coil creates electromagnetic forces that push or pull against each other, causing the armature to spin clockwise or counterclockwise depending on which direction power moves electrons inside the winding and generating rotational force. This electrical process is called induction because changing electricity causes changes in magnetism.

 

 

Transformers:

Transformers are devices that convert electric current from one voltage to another higher or lower. Magnetic wires are used in the coil of transformers which is an inductor, and it converts electricity into a magnetic field as well. These coils need copper wire because they conduct electricity better than other materials such as aluminum. Aluminum wire can't be used for metal systems like iron pipes because water will react with the aluminum and corrode it away quickly—the same way rust does on steel cables. Copper also conducts at least twice as much power per unit length due to its thicker nature compared to aluminum.

 

 

Home Appliances (Microwave Ovens):

A microwave oven is an electro-magnetic home appliance that uses microwaves to heat and cooks food. Copper magnet wire, aluminum magnet wire, or other materials such as ferrite are used in a variety of electrical components found in the interior cavity of the device where they are subjected to relatively high levels of electromagnetic radiation (EMR).

 

 

Reactors:

The application of magnet wire in reactor mainly involves use as transformer winding steel core wire, which has been coated with insulation materials such as PVC or PUR resin compounds to increase its service life up to 300 degrees Celsius. The main function of this kind of wire is that it can replace traditional iron cores so that transformers will be more efficient and environmentally friendly. Magnetic wires work at the reactor because they help control temperature inside reactors by generating heat from electricity across coils wrapped around them; this helps maintain nuclear reactions within a safe range and prevents thermal runaway.

 

 

On the basis of Region, the global magnetic wire market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to be the largest market for global copper magnet wire and aluminum magnet wire. Europe is estimated to witness moderate demand in the global home appliance, motors, transformers & other applications of magnetic wires. The Asia Pacific is projected to show robust growth as a result of its increasing industrialization coupled with an increase in residential usage or power generation capacities which will contribute towards increased demand for electric machines like motors and generators. Middle East & Africa may see some potential owing to growing industries such as steel production plants.

 

 

Growth Factors For The Global Magnetic Wire Market:

There are many growth factors that can contribute to the global magnetic wire market. Firstly, increasing demand for motors in home appliances is a significant driver of this market as they require long-length wires made from copper magnet wire or aluminum magnet wire. The rising demand for transformers due to the increase in power consumption and growing electrification rate across various industries has also led major players such as General Electric Company (GE) and Siemens AG to invest heavily into R&D activities with hopes of developing new innovative technologies that will provide them a competitive edge over their rivals. These transformations have been reflected by GE's acquisition of Lufkin Industries Inc.'s portfolio which includes dozens of patents related to winding coils on two places simultaneously during the manufacturing process thereby reducing the manufacturing time.



Up Market Research published a new report titled “Magnetic Wire Market research report which is segmented by Types (Copper Magnet Wire, Aluminum Magnet Wire), By Applications (Motors, Transformers, Home Appliance, Reactor, Others), By Players/Companies Superior Essex, Sumitomo Electric, Fujikura, Hitachi, Magnekon, Condumex, Elektrisola, Von Roll, Alconex, Jingda Special Magnet Wire, Yusheng Special Magnet Wire, Roshow Technology”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Magnetic Wire Market Research Report
By Type Copper Magnet Wire, Aluminum Magnet Wire
By Application Motors, Transformers, Home Appliance, Reactor, Others
By Companies Superior Essex, Sumitomo Electric, Fujikura, Hitachi, Magnekon, Condumex, Elektrisola, Von Roll, Alconex, Jingda Special Magnet Wire, Yusheng Special Magnet Wire, Roshow Technology
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 208
Number of Tables & Figures 146
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Magnetic Wire Industry Outlook
 

Global Magnetic Wire Market Report Segments:

The market is segmented by Type Copper Magnet Wire, Aluminum Magnet Wire and By Application Motors, Transformers, Home Appliance, Reactor, Others.

 

Some of the companies that are profiled in this report are:

  1. Superior Essex
  2. Sumitomo Electric
  3. Fujikura
  4. Hitachi
  5. Magnekon
  6. Condumex
  7. Elektrisola
  8. Von Roll
  9. Alconex
  10. Jingda Special Magnet Wire
  11. Yusheng Special Magnet Wire
  12. Roshow Technology
 

Magnetic Wire Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Magnetic Wire Market
 

Overview of the regional outlook of the Magnetic Wire Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Magnetic Wire Market Overview
 

Highlights of The Magnetic Wire Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Magnetic Wire Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Copper Magnet Wire

                2. Aluminum Magnet Wire

       7. By Application:

                1. Motors

                2. Transformers

                3. Home Appliance

                4. Reactor

                5. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Magnetic Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Magnetic Wire Market Statistics
 

Reasons to Purchase the Magnetic Wire Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Wire Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Magnetic Wire Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Magnetic Wire Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Magnetic Wire Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Magnetic Wire Market Size & Forecast, 2018-2028 
      4.5.1 Magnetic Wire Market Size and Y-o-Y Growth 
      4.5.2 Magnetic Wire Market Absolute $ Opportunity 


Chapter 5 Global Magnetic Wire Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Magnetic Wire Market Size Forecast by Type
      5.2.1 Copper Magnet Wire
      5.2.2 Aluminum Magnet Wire
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Magnetic Wire Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Magnetic Wire Market Size Forecast by Applications
      6.2.1 Motors
      6.2.2 Transformers
      6.2.3 Home Appliance
      6.2.4 Reactor
      6.2.5 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Magnetic Wire Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Magnetic Wire Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Magnetic Wire Analysis and Forecast
   9.1 Introduction
   9.2 North America Magnetic Wire Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Magnetic Wire Market Size Forecast by Type
      9.6.1 Copper Magnet Wire
      9.6.2 Aluminum Magnet Wire
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Magnetic Wire Market Size Forecast by Applications
      9.10.1 Motors
      9.10.2 Transformers
      9.10.3 Home Appliance
      9.10.4 Reactor
      9.10.5 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Magnetic Wire Analysis and Forecast
   10.1 Introduction
   10.2 Europe Magnetic Wire Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Magnetic Wire Market Size Forecast by Type
      10.6.1 Copper Magnet Wire
      10.6.2 Aluminum Magnet Wire
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Magnetic Wire Market Size Forecast by Applications
      10.10.1 Motors
      10.10.2 Transformers
      10.10.3 Home Appliance
      10.10.4 Reactor
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Magnetic Wire Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Magnetic Wire Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Magnetic Wire Market Size Forecast by Type
      11.6.1 Copper Magnet Wire
      11.6.2 Aluminum Magnet Wire
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Magnetic Wire Market Size Forecast by Applications
      11.10.1 Motors
      11.10.2 Transformers
      11.10.3 Home Appliance
      11.10.4 Reactor
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Magnetic Wire Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Magnetic Wire Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Magnetic Wire Market Size Forecast by Type
      12.6.1 Copper Magnet Wire
      12.6.2 Aluminum Magnet Wire
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Magnetic Wire Market Size Forecast by Applications
      12.10.1 Motors
      12.10.2 Transformers
      12.10.3 Home Appliance
      12.10.4 Reactor
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Magnetic Wire Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Magnetic Wire Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Magnetic Wire Market Size Forecast by Type
      13.6.1 Copper Magnet Wire
      13.6.2 Aluminum Magnet Wire
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Magnetic Wire Market Size Forecast by Applications
      13.10.1 Motors
      13.10.2 Transformers
      13.10.3 Home Appliance
      13.10.4 Reactor
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Magnetic Wire Market: Competitive Dashboard
   14.2 Global Magnetic Wire Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Superior Essex
      14.3.2 Sumitomo Electric
      14.3.3 Fujikura
      14.3.4 Hitachi
      14.3.5 Magnekon
      14.3.6 Condumex
      14.3.7 Elektrisola
      14.3.8 Von Roll
      14.3.9 Alconex
      14.3.10 Jingda Special Magnet Wire
      14.3.11 Yusheng Special Magnet Wire
      14.3.12 Roshow Technology
Segments Covered in the Report
The global Magnetic Wire market has been segmented based on

By Types
  • Copper Magnet Wire
  • Aluminum Magnet Wire
By Applications
  • Motors
  • Transformers
  • Home Appliance
  • Reactor
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Superior Essex
  • Sumitomo Electric
  • Fujikura
  • Hitachi
  • Magnekon
  • Condumex
  • Elektrisola
  • Von Roll
  • Alconex
  • Jingda Special Magnet Wire
  • Yusheng Special Magnet Wire
  • Roshow Technology

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