openPR Logo
Press release

Magnet Wire Market Is Likely to Experience a Tremendous Growth by 2029

02-07-2023 06:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Magnet Wire Market Is Likely to Experience a Tremendous Growth

The global magnet wire market is anticipated to grow at a CAGR of around 4.9% during the forecast period. The automotive industry is expected to emerge as the fastest growing with huge application of magnet wire owing to its features possess by it such as insulation uniformity, good electric properties, resistance to mechanical stress, and resistance to chemicals. The greater performance offered for the automotive vehicle owing to the coating of the enamelled wire makes an automobile performance high by enhancing the malleability, temperature, and resistivity boosting the growth of the market. With significant automotive vehicle production especially in the Asia-Pacific region, the demand for magnet wire is increasing rapidly, thereby driving the market growth. As per India Brand Equity Foundation (IBEF), in January 2022, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles reached 1,860,809 units. Moreover, the automotive industry in India is expected to reach $300 billion by 2026, thereby expected to create huge demand for magnet wire. 

Moreover, the market growth is also driven by the presence of prominent players that are contributing significantly to the growth. For instance, in August 2021, Essex Furukawa won a major EV project under which the company supplied 33,000 tons of high voltage winding wire (HVWW), specifically designed for 800V-applications. Moreover, in November 2019, Sumitomo Electric expanded its business by establishing a new company in China for the development & manufacturing of its rectangular magnet wire for electric vehicles. 

To Request a Sample of our Report on Magnet Wire Market:  https://www.omrglobal.com/request-sample/magnet-wire-market

Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Type
By Shape
By End-User Industry
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- LS Cable & System Ltd., Tongling Jingda Special Magnet Wire Co., Ltd.,  Sumitomo Electric CO., Ltd., Hitachi Metals Ltd., and Samdong Co., Ltd. 

A full Report of Magnet Wire Market is Available @  https://www.omrglobal.com/industry-reports/magnet-wire-market

Magnet Wire Market Report by Segment

By Type

Copper magnet wire
Aluminum magnet wire

By Shape

Round
Rectangle
Square 

By End-use Industries

Electrical & Electronics
Industrial
Transportation
Infrastructure
Others

By Application

Motor
Home Appliances 
Transformer
Others

Magnet Wire Market Report by Region

North America                                                                                                                                                                            

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Elektrisola
Fujikura Ltd.
FURUKAWA Electric Co. Ltd.
IRCE S.p.A.
LWW group
REA Magnet Wire
Von Roll Holding AG

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/magnet-wire-market

https://www.asiatimeskorea.com/news/2029%eb%85%84%ea%b9%8c%ec%a7%80-%ec%97%84%ec%b2%ad%eb%82%9c-%ec%84%b1%ec%9e%a5%ec%9d%84-%eb%b3%b4%ec%9d%bc-imatinib-%ec%9d%98%ec%95%bd%ed%92%88-%ec%8b%9c%ec%9e%a5/310535/
https://monblogapple.com/2023/02/03/le-marche-des-cameras-gamma-mobiles-devrait-connaitre-une-croissance-considerable-dici-2029/
https://citytoday-hildesheim.de/index.php/2023/02/03/der-outbound-telemarketing-markt-wird-bis-2029-rekordeinnahmen-generieren/
https://sportmsr.com/%d8%b3%d9%88%d9%82-%d8%a7%d9%84%d9%85%d8%ae%d8%af%d8%b1%d8%a7%d8%aa-%d8%a7%d9%84%d8%ad%d9%83%d8%a9-%d8%aa%d8%ad%d9%84%d9%8a%d9%84-%d8%a7%d9%84%d8%b5%d9%86%d8%a7%d8%b9%d8%a9-%d9%81%d9%8a-%d8%ac%d9%85/
https://revistaeconomiasocial.com/2023/02/03/el-mercado-de-control-de-roedores-generara-ingresos-record-para-2029/
https://www.diario-ya.com/regionales/%e5%88%b0-2029-%e5%b9%b4%ef%bc%8c%e7%90%a5%e7%8f%80%e9%85%b8%e5%b8%82%e5%a0%b4%e5%b0%87%e5%9c%a8%e5%85%a8%e7%90%83%e8%93%ac%e5%8b%83%e7%99%bc%e5%b1%95/369445/

 

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Magnet Wire Market Is Likely to Experience a Tremendous Growth by 2029 here

News-ID: 2916912 • Views: 185

More Releases from Orion Market Research

Diabetic Neuropathy Market Share 2023: Trends, Key Players, Industry Analysis an …
The global diabetic neuropathy market is predicted to grow at a CAGR of over 6% during the forecast period. The factors driving the global diabetic neuropathy market include the rising prevalence of diabetes along with the neurological disorders among the peoples. Diabetic neuropathy is a common disorder for both types of diabetes patients that is type 1 as well as type 2. The main four disorders includes, autonomic neuropathy, affects
Defibrillators Market Share 2023: Trends, Key Players, Industry Analysis and For …
The global defibrillators market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. One of the primary drivers for the market is a growing awareness of cardiovascular events in developing markets. The number and use of defibrillators in the UAE are noticeably low. However, in the coming years, the presence of local distributors and increased activities to create awareness about cardiac health are projected to
Data Center Liquid Cooling Market Share 2023: Trends, Key Players, Analysis and …
The data center liquid cooling market is estimated to grow at a CAGR of 22.1% during the forecast period attributed to the increasing application in the end-user industries such as banking & financial services, healthcare, IT & telecommunication, entertainment & media, manufacturing and government. The liquid cooling solution aids in offering efficient cooling for the large density data centers. The data centers are associated with improved IT equipment and for
Dairy Packaging Market Trends, Future Outlook, COVID-19 Impact Analysis, Forecas …
The global dairy packaging market is anticipated to grow at a CAGR of over 4% during the forecast period. Dairy packaging acts as a physical barrier to food to contain the item from various damages and to preserve the quality of the product. The packaging should compel nutrient and weight losses along with providing the extended shelf life to the packed food item. Nowadays, food packaging does not only target

All 5 Releases


More Releases for Magnet

Global Magnet Assemblies Industry Magnet Market Size 2021 Analysis And Forecast …
(United States, OR Poland): Global Magnet Assemblies Industry Magnet Market overview 2021 Magnet Assemblies Industry Magnet market studies the existing as well as the future visions of the Magnet Assemblies Industry Magnet market. It includes a detailed outline of the Magnet Assemblies Industry Magnet market along with market pictures. Also, it offers a complete data of the various segments in the Magnet Assemblies Industry Magnet market study. The report analyzes
Magnet Motor Free Energy Generator
More and more often one hears about the site https://www.magnet-motor4u.de/magnetmotor which does not only make the round online and is based on the findings of Infinity SAV, Muammer Yildiz, Howard Johnson, Friedlich Lüling, Mike Brady, V-Gate. All these inventors are among the greatest geniuses of the 20th century and have filed their own patents. Through their work, they paved the way for many amenities that we use daily and as a
Global Whiteboard Magnet Industry Market
This examination report sorts Global Whiteboard Magnet Industry Market by players/brands, locale, type, and application. This report likewise thinks about the worldwide market status, rivalry scene, the piece of the overall industry, development rate, future patterns, showcase drivers, openings and difficulties, deals channels, wholesalers and Porter's Five Forces Analysis. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=4645 Table of Contents Chapter 1 Whiteboard Magnet Market Overview 1.1 Product Overview and Scope of Whiteboard Magnet
Global NdFeB Magnets Sales Market By Product Type | Sintered NdFeB Magnet and Bo …
Researchmoz added Most up-to-date research on "Global NdFeB Magnets Sales Market By Product Type | Sintered NdFeB Magnet and Bonded NdFeB Magnet" to its huge collection of research reports. In this report, the global NdFeB Magnets market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split
Global Sintered NdFeB Magnet Market 2016 : Zhenghai, Zhongbei, Sanhuan, Beijing …
A market study based on the "Sintered NdFeB Magnet Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Sintered NdFeB Magnet Market 2016’. The research report analyzes the historical as well as present performance of the global Sintered NdFeB Magnet market, and makes predictions on the future status of Sintered NdFeB Magnet market on the basis of this analysis. Global Sintered NdFeB Magnet Industry
Saving costs with magnet separators
S+S whitepaper provides information about magnet technology especially for the chemical and pharmaceutical industries Schönberg, July 2013 S+S has prepared a white paper on the subject of "Reduced process costs in the chemical and pharmaceutical industries with magnet separators". This white paper describes the application possibilities and the function of magnet separators, and the advantages for the chemical and pharmaceutical industries, which essentially are clean products and saving potentials. The white paper