Press release
Key Trend Reshaping the Magnet Wire Market in 2025: Bain Capital Acquires Hitachi Metals to Expand Magnet Wire Portfolio
Magnet Wire Market
The magnet wire market is set to grow due to an upsurge in the need for electric vehicles. Cars which are completely or partially powered by electricity are classified as electric vehicles. These vehicles are not only cost-effective due to lesser mechanical components to upkeep but are also eco-friendly as they use minimal or no fossil fuels (petrol or diesel). Magnet wires, characterized by a microcellular coating, are utilized in such vehicles to decrease dielectric characteristics and processing opposition, thereby boosting effectiveness. For instance, a report by the U.S. Energy Information Administration, a US government entity, from November 2023 revealed that battery-electric vehicles (BEVs) accounted for 17.7% of new light-duty vehicle sales in the third quarter of 2023. Year-to-date, BEVs represented 16.0% of all new vehicle sales, rising from 12.5% in 2022 and 9.0% in 2021. This data underlines a significant surge in the interest in electric vehicles, indicating a burgeoning consumer inclination and market growth. Hence, this increased appetite for e-vehicles is fuelling the expansion of the magnet wire market.
Get Your Magnet Wire Market Report Here:
https://www.thebusinessresearchcompany.com/report/magnet-wire-global-market-report
What Is the projected market size and growth rate for the magnet wire market?
The scale of the magnet wire market has been consistently expanding over recent years. The market which was $31.68 billion in 2024 is projected to balloon to $32.82 billion in 2025, maintaining a compound annual growth rate (CAGR) of 3.6%. Various factors have contributed to this growth in the historic period such as increased electrification and industrialization, growth in the automotive sector, advancements in energy generation and transmission, consumer electronics, and applications in aerospace and defense.
The market size of magnet wire is predicted to witness considerable growth in the upcoming years, reaching a valuation of $40.07 billion in 2029 with a compound annual growth rate (CAGR) of 5.1%. The surge during the projected timeframe can be ascribed to factors like the expansion of the electric vehicle (ev) market, growth of renewable energy, outdated infrastructure replacement, innovations in materials and coatings, and the globalization of manufacturing processes. Noteworthy trends for the forecasted period encompass the advent of 5g and data centers, the realization of smart grid infrastructure, the production of electric aircraft, the miniaturization in the field of electronics, and the digital revolution in various industries.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5940&type=smp
What new trends are reshaping the magnet wire market and its opportunities?
The magnet wire market has seen a surge in the number of companies that are either entering into strategic alliances or buying out other firms to broaden their market scope or design new offerings. In a prime example of this in October 2022, Bain Capital LP, a company based in the US, took over Hitachi Metals, Ltd. at a cost of $5.84 billion. Through this acquisition, Bain Capital LP intends to enlarge its portfolio by leveraging the knowledge of Hitachi in the space of magnet wires. Hitachi Metals, Ltd., another US-based company, is a known provider of magnet wires.
What major market segments define the scope and growth of the magnet wire market?
The magnet wire market covered in this report is segmented -
1) By Type: Copper, Aluminum
2) By Shape: Round, Rectangle, Square
3) By Application: Motor, Home Appliance, Transformer, Other Applications
4) By End-User: Electrical And Electronics, Industrial, Transportation, Other End Users
Subsegments:
1) By Copper: Enameled Copper Wire, Polyurethane Copper Wire, Polyester Copper Wire, Other Coated Copper Wire
2) By Aluminum: Enameled Aluminum Wire, Aluminum Magnet Wire With Protective Coatings, Other Aluminum Wire Types
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5940
Which region dominates the magnet wire market?
Asia-Pacific was the largest region in the magnet wire market share in 2024. The regions covered in the magnet wire market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the magnet wire industry growth?
Major companies operating in the magnet wire market include Elektrisola Incorporated, Essex Furukawa Magnet Wire LLC, Fujikura Ltd., Furukawa Electric Co. Ltd., Gold Cup Electric Electromagnetic Wire Co. Ltd., Hitachi Cable Ltd., Hongyuan Group Co. Ltd., Roshow Technology, Tongling Jingda Special Magnet Wire Co. Ltd., Condumex Inc., Aislantes SA, Alconex Inc., LS Cable & System Ltd., Magnekon SA, REA Magnet Wire SA, Sumitomo Electric Industries Ltd., Superior Essex Inc., Samdong Co. Ltd., IRCE S.p.A, Von Roll Holding AG, LWW group, Altana AG, TE Connectivity plc, Salzer Electronics Limited, Schwering & Hasse Elektrodraht GmbH, Strunk Connect GmbH & Co. KG, Wuxi Xizhou Magnet Wires Co. Ltd., Shibata Co. Ltd., Hi-Wire Limited, Ormiston Wire Limited, Citychamp Dartong Co. Ltd., Dahren Group AS, Ederfil Becker GmbH, HPW Metallwerk GmbH, Proterial Ltd., Sumitomo Electric Wiring Systems Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=5940&type=smp
What Is Covered In The Magnet Wire Global Market Report?
•Market Size Forecast: Examine the magnet wire market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the magnet wire market for a structured understanding.
•Key Players Overview: Analyze major players in the magnet wire market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the magnet wire market.
•Segment Contributions: Evaluate how different segments drive overall growth in the magnet wire market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the magnet wire market.
•Industry Challenges: Identify potential risks and obstacles affecting the magnet wire market.
•Competitive Landscape: Review strategic developments in the magnet wire market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Key Trend Reshaping the Magnet Wire Market in 2025: Bain Capital Acquires Hitachi Metals to Expand Magnet Wire Portfolio here
News-ID: 3882349 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Wire
Understanding Wire Electrical Discharge Machining (Wire EDM)
Wire Electrical Discharge Machining (Wire EDM) is a highly accurate and reliable method for cutting electrically conductive materials. Favored in industries like aerospace, automotive, medical device manufacturing, and mold making, this process allows for extremely precise cuts that are nearly impossible to achieve with traditional mechanical methods.
What Is Wire EDM?
Wire EDM-short for wire electrical discharge machining-is a non-contact machining process that uses a thin, electrically charged wire to cut through…
Steel Wire Rod and Wire Market
Market Overview:
The global steel wire rod and wire market was valued at USD 174.5 billion in 2022 and is projected to rise at a compound annual growth rate (CAGR) of 5.6% to reach USD 269.5 billion by 2030.
The increasing popularity of electric vehicles presents a new market for steel wire. EVs require specific steel wire materials for applications including electric motors, charging stations, and battery components. As EV usage continues…
Steel Wire Market 2021 Analysis by Global Manufacturers – Heico Wire Group, Al …
The "Steel Wire" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The Global Steel Wire Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles, product picture and specification,…
Global Specialty Wire Sales Market 2018:2025 - MWS Wire, Torpedo Specialty Wire, …
The Specialty Wire Sales market research report is a comprehensive emphasizing study of the industry
The Global Specialty Wire Sales market 2018-2025 report offers a extensive and precise estimates and forecasts study of Specialty Wire Sales industry along with the analysis of essential features providing key industry insights to the readers. The Specialty Wire Sales market research report further delivers an methodical outlook of the industry by studying key components impacting…
- 3M, Alpha Wire, Amphenol, Belden Wire $ Cable
Global Multiconductor Cable Sales Market 2018-2025 Research Report
The Global Multiconductor Cable Sales Market 2018 Report contains in depth information major manufacturers, opportunities, challenges, and industry trends and their impact on the market forecast. Multiconductor Cable Sales market also provides data about the company and its operations. This report also provides information on the Pricing Strategy, Brand Strategy, Target Client, Distributors/Traders List offered by the company
The Multiconductor Cable Sales research report…
Specialty Wire 2017 Global Market Key Players – MWS Wire, Torpedo Specialty Wi …
Specialty Wire SWOT Analysis And Forecast 2022
This report studies Specialty Wire in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
MWS Wire
Torpedo Specialty Wire
Specialty Wire and Cable (SWC)
LANOCO Specialty…
