Magnet Wire Market Is Likely to Experience a Tremendous Growth by 2029
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.
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The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
By End-User Industry
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
Copper magnet wire
Aluminum magnet wire
By End-use Industries
Electrical & Electronics
Magnet Wire Market Report by Region
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
FURUKAWA Electric Co. Ltd.
REA Magnet Wire
Von Roll Holding AG
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