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.
Over the next five years, it is projected that Magnet Wire will register a 2.3% CAGR in terms of revenue, reach US$ 27200 million by 2023, from US$ 23700 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Magnet Wire market by product type, application, key manufacturers and key regions.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Tongling Copper Crown Electrical
Ronsen Super Micro-Wire
Shenmao Magnet Wire
GOLD CUP ELECTRIC
Tianjin Jing Wei Electric Wire
To calculate the market size, it is considered value and volume generated from the sales of the following segments:
Segmentation by product type:
Copper Magnet Wire
Aluminum Magnet Wire
Segmentation by application:
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Some Points From Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global Magnet Wire by Players
4 Magnet Wire by Regions
8 Middle East & Africa
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