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Magnet Wire Market Size, Share & Trends Analysis Report By Material (Copper, Aluminum), By Product (Round, Flat), By End Use (Energy, Automotive, Industrial, Residential), By Region, And Segment Forecasts, 2019 - 2025

Published: Dec, 2019 | Pages: 120 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

The global magnet wire market size is anticipated to reach USD 33.0 billion by 2025, expanding at a revenue-based CAGR of 3.7%, according to a new report by Grand View Research, Inc. The rising demand for power transformers owing to burgeoning electricity demand is the crucial factor supporting the market growth.

Magnet wire is used in various applications such as transformers, motors, inductors, generators, and actuators. The rising electricity demand especially in emerging economies of Asia Pacific is estimated to drive the demand for transformers, which in turn is predicted to propel the demand for magnet wire.

In North America, the U.S. market is driven by high replacement rates of power equipment and steady penetration of renewables. Mexico is one of the largest exporters of consumer appliances and electronics. In recent years, electronics production in Mexico has witnessed growth in an upward trajectory, which has resulted in strong demand for magnet wires.

Europe is the second largest market after Asia Pacific. The European market is mainly driven by energy sector. Rising number of installations of wind power capacities in the region and growing production of electric and hybrid vehicles is expected to drive the product demand over the coming years.

The major players in the market include LS Group, Sumitomo Electric Industries, Ltd., Superior Essex, and Furukawa Electric Co., Ltd. The major players are currently focused on introducing advanced products for emerging applications in renewable energy and electric vehicle industry.

Further key findings from the report suggest:

• Copper dominated the market in 2018 and acquired a share of 87.6%, in terms of revenue, in 2018. Copper has better conductivity than aluminum and as a result is largely preferred by end-product manufacturers

• The flat wire segment is estimated to witness the fastest CAGR of 4.2%, in terms of revenue, from 2019 to 2025 due to rising demand form the energy sector

• Residential end-use dominated the market with a volume share of approximately 33% in 2018. This large share is attributable to huge demand for consumer appliances such as air conditioners and refrigerators around the globe

• Asia Pacific is estimated to exhibit the fastest CAGR of 4.0%, in terms of revenue from 2019 to 2025, owing to accelerating product demand from emerging economies like India and Southeast Asia

• China was the largest consumer of magnet wire and acquired a global volume share of 41.4% in 2018. The large end-product manufacturing base in the region is responsible for the growth the market in China.
 Table of Contents

Chapter 1 Methodology And Scope
                   1.1 Research Methodology
                   1.2 Research Scope & Assumptions
                   1.3 List of Data Sources
Chapter 2 Executive Summary
                   2.1 Market Snapshot
                   2.2 Segment Outlook
Chapter 3 Magnet Wire Market Variables, Trends & Scope
                   3.1 Market segmentation& scope
                   3.2 Magnet wire market value chain analysis
                   3.3 Raw material trends
                   3.4 Technology trends
                   3.5 Market dynamics
                       3.5.1 Market driver analysis
                       3.5.1 Market restraint analysis
                   3.6 Regulatory framework
                   3.7 Penetration & growth prospect mapping
                   3.8 Magnet wire market - PESTEL Analysis
                   3.9 Magnet wire market - Porter's
Chapter 4 Magnet Wire Market: Products Estimates & Trend Analysis
                   4.1 Magnet wire market: Product movement analysis
                   4.2 Round wire
                       4.2.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                   4.3 Flat wire
                       4.3.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Chapter 5 Magnet Wire Market: Material Estimates & Trend Analysis
                   5.1 Magnet wire market material movement analysis
                   5.2 Copper
                       5.2.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                   5.3 Aluminum
                       5.3.1 Market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Chapter 6 Magnet Wire Market: End-Use Estimates & Trend Analysis
                   6.1 Magnet wire market: End-use movement analysis
                   6.2 Energy
                       6.2.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                   6.3 Automotive
                       6.3.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                   6.4 Industrial
                       6.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                   6.5 Residential
                       6.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Chapter 7 Magnet wire Market: Regional Estimates & Trend Analysis
                   7.1 Regional Movement Analysis & Market Share, 2018 & 2025
                   7.2 North America
                       7.2.1 Market estimates and forecast, (USD Million) (Kilotons)
                       7.2.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                       7.2.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                       7.2.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.2.5 U.S.
                           7.2.5.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.2.6 Canada
                           7.2.6.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.2.7 Mexico
                           7.2.7.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                   7.3 Europe
                       7.3.1 Market estimates and forecast, (USD Million) (Kilotons)
                       7.2.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                       7.2.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                       7.2.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.3.5 Germany
                           7.3.5.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.3.6 Italy
                           7.3.6.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.3.7 France
                           7.3.7.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                   7.4 Asia Pacific
                       7.4.1 Market estimates and forecast, (USD Million) (Kilotons)
                       7.2.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                       7.2.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                       7.2.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.4.5 China
                           7.4.5.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.4.6 India
                           7.4.6.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.4.7 Japan
                           7.4.7.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end-use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                   7.5 Central & South America
                       7.5.1 Market estimates and forecast, (USD Million) (Kilotons)
                       7.2.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                       7.2.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                       7.2.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                       7.5.5 Brazil
                           7.5.5.1 Market estimates and forecast, (USD Million) (Kilotons)
                           7.2.5.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                           7.2.5.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                           7.2.5.4 Market estimates and forecast, by material (USD Million) (Kilotons)
                   7.6 Middle East & Africa
                       7.6.1 Market estimates and forecast, (USD Million) (Kilotons)
                       7.2.2 Market estimates and forecast, by end use (USD Million) (Kilotons)
                       7.2.3 Market estimates and forecast, by product (USD Million) (Kilotons)
                       7.2.4 Market estimates and forecast, by material (USD Million) (Kilotons)
Chapter 8 Competitive Landscape
                   8.1 Competitive Scenario
                   8.2 Vendor Landscape
                   8.3 Market Positioning
                   8.4 Strategy Framework
Chapter 9 Company Profiles
                   9.1 Hitachi Metals, Ltd.
                       9.1.1 Company Overview
                       9.1.2 Financial Performance
                       9.1.3 Product Benchmarking
                       9.1.4 Strategic Initiatives
                   9.2 LS Group
                       9.2.1 Company Overview
                       9.2.2 Financial Performance
                       9.2.3 Product Benchmarking
                       9.2.4 Strategic Initiatives
                   9.3 REA Magnet Wire
                       9.3.1 Company Overview
                       9.3.2 Financial Performance
                       9.3.3 Product Benchmarking
                       9.3.4 Strategic Initiatives
                   9.4 Sumitomo Electric Industries, Ltd.
                       9.4.1 Company Overview
                       9.4.2 Financial Performance
                       9.4.3 Product Benchmarking
                       9.4.4 Strategic Initiatives
                   9.5 Furukawa Electric Co., Ltd.
                       9.5.1 Company Overview
                       9.5.2 Financial Performance
                       9.5.3 Product Benchmarking
                       9.5.4 Strategic Initiatives
                   9.6 IRCE S.P.A
                       9.6.1 Company Overview
                       9.6.2 Financial Performance
                       9.6.3 Product Benchmarking
                       9.6.4 Strategic Initiatives
                   9.7 Tongling Jingda Special Magnet Wire Co., Ltd.
                       9.7.1 Company Overview
                       9.7.2 Financial Performance
                       9.7.3 Product Benchmarking
                       9.7.4 Strategic Initiatives
                   9.8 LWW Group
                       9.8.1 Company Overview
                       9.8.2 Financial Performance
                       9.8.3 Product Benchmarking
                       9.8.4 Strategic Initiatives
                   9.9 Samdong Co., Ltd.
                       9.9.1 Company Overview
                       9.9.2 Financial Performance
                       9.9.3 Product Benchmarking
                       9.9.4 Strategic Initiatives
                   9.10 Elektrisola
                       9.10.1 Company Overview
                       9.10.2 Financial Performance
                       9.10.3 Product Benchmarking
                       9.10.4 Strategic Initiatives
                   9.11 Fujikura Ltd.
                       9.11.1 Company Overview
                       9.11.2 Financial Performance
                       9.11.3 Product Benchmarking
                       9.10.4 Strategic Initiatives
List of Tables

TABLE 1 List of Abbreviation
TABLE 2 Global magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 3 Magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 4 Magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 5 Magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 6 North America magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 7 North America magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 8 North America magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 9 North America magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 10 U.S. magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 11 U.S. magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 12 U.S. magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 13 U.S. magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 14 Canada magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 15 Canada magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 16 Canada magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 17 Canada magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 18 Mexico magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 19 Mexico magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 20 Mexico magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 21 Mexico magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 22 Europe magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 23 Europe magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 24 Europe magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 25 Europe magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 26 Germany magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 27 Germany magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 28 Germany magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 29 Germany magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 30 Italy magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 31 Italy magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 32 Italy magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 33 Italy magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 34 France magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 35 France magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 36 France magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 37 France magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 38 Asia Pacific magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 39 Asia Pacific magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 40 Asia Pacific magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 41 Asia Pacific magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 42 China magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 43 China magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 44 China magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 45 China magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 46 India magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 47 India magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 48 India magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 49 India magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 50 Japan magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 51 Japan magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 52 Japan magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 53 Japan magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 54 Central & South America magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 55 Central & South America magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 56 Central & South America magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 57 Central & South America magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 58 Brazil magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 59 Brazil magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 60 Brazil magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 61 Brazil magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million)
TABLE 62 Middle East & Africa magnet wire market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 63 Middle East & Africa magnet wire market estimates and forecasts, by material, 2014 - 2025 (Kilotons) (USD Million)
TABLE 64 Middle East & Africa magnet wire market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
TABLE 65 Middle East & Africa magnet wire market estimates and forecasts, by end use, 2014 - 2025 (Kilotons) (USD Million) 


List of Figures

FIG. 1 Market summary, 2018
FIG. 2 Market segmentation & scope
FIG. 3 Magnet wire market - Value chain analysis
FIG. 4 Market Dynamics
FIG. 5 Market driver relevance analysis (Current & future impact)
FIG. 6 Market restraint relevance analysis (Current & future impact)
FIG. 7 Average price trend of copper, 2012 - 2018 (USD/ton)
FIG. 8 Average price trend of aluminum, 2012 - 2018 (USD/ton)
FIG. 9 Penetration & growth prospect mapping
FIG. 10 PESTEL Analysis
FIG. 11 Porter's Five Forces Analysis
FIG. 12 Magnet wire market: Product movement analysis, 2018 & 2025 (USD Million)
FIG. 14 Magnet wire market: Material movement analysis, 2018 & 2025 (USD Million)
FIG. 15 Magnet wire market: Application movement analysis, 2018 & 2025
FIG. 16 Magnet wire market: Regional movement analysis, 2018 & 2025

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