Global Copper Magnetic Wire Market is valued at approximately 23.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.01% over the forecast period 2022-2029. The copper magnetic wire is an electrical conductor, coated with a thin insulation and made of rigid polymer material. This wire can be used in electric motors, transformers, and generators. The market for Copper Magnetic Wire is anticipated to develop due to the increased demand for copper Magnetic wire in the electronic and automotive industry are key factors accelerating the market growth.
According to Statista- 2019, the worldwide market for consumer electronics is USD 1,028 billion and is expected to grow annually by 2.32%. Thus, the growing demand for electronics will likely drive market growth. Furthermore, the rise in demand for electric vehicles is the primary factor inhibiting the expansion of this industry. For instance, according to the Edison Electric Institute (EEI), electric vehicle (EV) sales around the world were reported at around USD 2.4 Million in 2021 and are projected to reach 26.4 Million by 2030. Also, growing technological advancement is an important factor fueling market growth. Moreover, the rapid industrialization and the growth in Energy Sectors have expected growth of the Copper Magnetic Wire Market. However, the availability of alternate materials and high-cost stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Copper Magnetic Wire Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the market due to rapid industrialization and government initiatives to install alternative energy sources such as solar cells. The North American region is projected to grow with the highest CAGR during the forecast period due to a large number of manufacturing companies. The US is the largest market for copper magnet wires in the region..
Major market player included in this report are:
- Remington Industries
- Hitachi Metals Ltd
- The S&W Wire Company
- Essex Furukawa Magnet Wire LLC
- Brocott U.K.
- Craig Wire Products LLC
- Rea Magnet Wire Company Inc.
- Alconex Specialty Products Inc.
- Metrod Holdings Berhad
- EIS Legacy LLC
Recent Developments in the Market:
In Sep 2019, superior Essex Inc. announced a collaboration with Furukawa Electric to expand its global footprint in the North American and Chinese markets.
Global Copper Magnetic Wire Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Type, Application, End User, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
By Application:
- Motors
- Transformers
- HVAC Systems
- Electronic Appliances
- Others
By End User:
- Residential
- Commercial
- Industrial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Copper Magnetic Wire Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Copper Magnetic Wire Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Copper Magnetic Wire Market, by Application, 2019-2029 (USD Billion)
- 1.2.4. Copper Magnetic Wire Market, by End User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Copper Magnetic Wire Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Copper Magnetic Wire Market Dynamics
- 3.1. Copper Magnetic Wire Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand in electronic industry
- 3.1.1.2. Growing technology advancement
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of alternate material
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising industrialization
- 3.1.3.2. Growth in energy sector
Chapter 4. Global Copper Magnetic Wire Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Copper Magnetic Wire Market, by Type
- 1.1. Market Snapshot
- 1.2. Global Copper Magnetic Wire Market by Type, Performance - Potential Analysis
- 1.3. Global Copper Magnetic Wire Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 1.4. Copper Magnetic Wire Market, Sub Segment Analysis
- 1.4.1. Round
- 1.4.2. Rectangular
Chapter 2. Global Copper Magnetic Wire Market, by Application
- 2.1. Market Snapshot
- 2.2. Global Copper Magnetic Wire Market by Application, Performance - Potential Analysis
- 2.3. Global Copper Magnetic Wire Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 2.4. Copper Magnetic Wire Market, Sub Segment Analysis
- 2.4.1. Motors
- 2.4.2. Transformers
- 2.4.3. HVAC Systems
- 2.4.4. Electronic Appliances
- 2.4.5. Others
Chapter 3. Global Copper Magnetic Wire Market, by End User
- 3.1. Market Snapshot
- 3.2. Global Copper Magnetic Wire Market by End User, Performance - Potential Analysis
- 3.3. Global Copper Magnetic Wire Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
- 3.4. Copper Magnetic Wire Market, Sub Segment Analysis
- 3.4.1. Residential
- 3.4.2. Commercial
- 3.4.3. Industrial
Chapter 4. Global Copper Magnetic Wire Market, Regional Analysis
- 4.1. Copper Magnetic Wire Market, Regional Market Snapshot
- 4.2. North America Copper Magnetic Wire Market
- 4.2.1. U.S. Copper Magnetic Wire Market
- 4.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 4.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 4.2.1.3. End User breakdown estimates & forecasts, 2019-2029
- 4.2.2. Canada Copper Magnetic Wire Market
- 4.3. Europe Copper Magnetic Wire Market Snapshot
- 4.3.1. U.K. Copper Magnetic Wire Market
- 4.3.2. Germany Copper Magnetic Wire Market
- 4.3.3. France Copper Magnetic Wire Market
- 4.3.4. Spain Copper Magnetic Wire Market
- 4.3.5. Italy Copper Magnetic Wire Market
- 4.3.6. Rest of Europe Copper Magnetic Wire Market
- 4.4. Asia-Pacific Copper Magnetic Wire Market Snapshot
- 4.4.1. China Copper Magnetic Wire Market
- 4.4.2. India Copper Magnetic Wire Market
- 4.4.3. Japan Copper Magnetic Wire Market
- 4.4.4. Australia Copper Magnetic Wire Market
- 4.4.5. South Korea Copper Magnetic Wire Market
- 4.4.6. Rest of Asia Pacific Copper Magnetic Wire Market
- 4.5. Latin America Copper Magnetic Wire Market Snapshot
- 4.5.1. Brazil Copper Magnetic Wire Market
- 4.5.2. Mexico Copper Magnetic Wire Market
- 4.6. Rest of The World Copper Magnetic Wire Market
Chapter 5. Competitive Intelligence
- 5.1. Top Market Strategies
- 5.2. Company Profiles
- 5.2.1. Remington Industries
- 5.2.1.1. Key Information
- 5.2.1.2. Overview
- 5.2.1.3. Financial (Subject to Data Availability)
- 5.2.1.4. Product Summary
- 5.2.1.5. Recent Developments
- 5.2.2. Hitachi Metals Ltd
- 5.2.3. The S&W Wire Company
- 5.2.4. Essex Furukawa Magnet Wire LLC
- 5.2.5. Brocott U.K.
- 5.2.6. Craig Wire Products LLC
- 5.2.7. Rea Magnet Wire Company Inc.
- 5.2.8. Alconex Specialty Products Inc.
- 5.2.9. Metrod Holdings Berhad
- 5.2.10. EIS Legacy LLC
Chapter 6. Research Process
- 6.1. Research Process
- 6.1.1. Data Mining
- 6.1.2. Analysis
- 6.1.3. Market Estimation
- 6.1.4. Validation
- 6.1.5. Publishing
- 6.2. Research Attributes
- 6.3. Research Assumption