Europe Magnet Wire Market Size & Share to Surpass USD 12,634.04 million by 2028 With Blooming CAGR 7.1%| Key Players: LS Cable & System Ltd., Rea, IRCE SpA, ELEKTRISOLA

Europe magnet wire market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 7.1% in the forecast period of 2021 to 2028 and expected to reach USD 12,634.04 million by 2028.

Magnet wire is an insulated copper or aluminum conductor accustomed wind motors, transformers, generators and the other device where power is converted to energy. The wires are insulated copper or aluminum conductor typically used to wind electromagnetic devices like motors and transformers. The insulation could also be a thin film of varnish called enamel; a fibrous polyester or fiberglass yarn; or a mix of both enamel and fibrous insulations.

The increasing demand of magnet wire in the production of e-vehicles has had a significant impact on the expansion of the market for magnet wire. In line with this, increasing spending on technological advancements in the electrical industry, and growth in the consumer electronics sector, is a key determinant favoring the growth of the magnet wire market during the forecast period.

Competitive Landscape and Magnet Wire Market Share Analysis

Europe magnet wire market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to magnet wire market.

The major market players engaged in the Europe magnet wire market are 
LS Cable & System Ltd.,
Rea, 
IRCE SpA,
ELEKTRISOLA,
Tongling Jingxun Special Enamelled Wire Co.,Ltd.,
FURUKAWA ELECTRIC CO., LTD.,
Sam Dong,
Synflex Elektro GmbH,
Ederfil Becker,
Sumitomo Electric Industries, Ltd., 
Fujikura Ltd.,
Hitachi Metals, Ltd., 
ACEBSA, Zhengzhou LP Industrial Co., Ltd.,
ElsewedyElectric,
Derechos reservados Xignux,
Von Roll,
ROSHOW GROUP CO.,LTD,
Precision Wires 
Dahrén Group

View the Full Report Here: https://www.databridgemarketresearch.com/reports/europe-magnet-wire-market

This magnet wire market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Europe Magnet Wire Market Scope and Market Size

Europe magnet wire market is segmented into seven notable segments which are based on the type, product type, material, shape, application, distribution channel and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, the Europe magnet wire market is segmented into copper wire,  aluminium wire and others. In 2021, copper wire segment is expected to dominate the market as copper wires are very strong and have high resistance power, which increases its demand in the market.

On the basis of product type, the Europe magnet wire market is segmented into enamelled wire and covered conductor wire. In 2021, the enamelled wire segment is expected to dominate the market as enamelled wire have high durability.

On the basis of material, the Europe magnet wire market is segmented into polyamide-imide (PAI), polyimides (PI), polyetherimide (PEI), polyether ether (PEEK) and others. In 2021, the polyether ether (PEEK) segment is expected to dominate the market as polyether ether (PEEK) has good compatibility.

On the basis of shape, the Europe magnet wire market is segmented into round magnet wire, round bondable magnet wire, rectangle magnet wire and square magnet wire. In 2021, the round magnet wire segment is expected to dominate the market as round magnet wire has good insulating effect.

On the basis of application, the Europe magnet wire market is segmented into motor, home appliance, transformer and others . In 2021, motor  is projected to dominate the Europe magnet wire market as in motors, magnet wire consist of a  solid oxide film which makes its suitable for insulation.

On the basis of distribution channel, the Europe magnet wire market is segmented into E-commerce, supermarks/hypermarkets, specialty stores, b2b/third party distributors and others. In 2021, b2b/third party distributors segment is dominating the Europe magnet wire market as b2b channel helps in reducing cost while boosting revenue.

On the basis of end user, the Europe magnet wire market is segmented into electrical and electronics, industrial, transportation, infrastructure, energy, automotive, residential and others. In 2021, electrical and electronics sector is dominating the Europe magnet wire market due to an increase in the construction of energy plants in all the countries.

Europe Magnet Wire Market Country Level Analysis

The Europe magnet wire market is categorized into seven notable segments which are based on the type, product type, material, shape, application, distribution channel and end user.  

The countries covered in Europe magnet wire market report are Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe.

Germany is dominating the European market due to the high demand for power transformers which increases the demand for magnet wire in the region.

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