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Global Copper Magnet Wire Market: By Packaging Type: Box Packaging, Spool Packaging, Large Pallet Packaging; By Wire Size: Up to 20 AWG, 20 AWG to 30 AWG, 30 AWG to 50 AWG; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Copper Magnet Wire Market Outlook

The global copper magnet wire market is expected to grow at a CAGR of 5.3% in the forecast period of 2022-2027.

 

Global Copper Magnet Wire Market

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Thriving Electrical and Electronics Industry to Bolster the Market Growth of Copper Magnet Wire

The market growth of copper magnet wire is being driven by the growing use of copper magnet wire in the electrical and electronics industry, comprising motors, transformers, pump sets, switchgear, and domestic appliances, among others. In addition, the numerous advantages of copper magnet wire, such as dielectric strength, resistance to insulation, heat, moisture, stretching, bending, and hydrolytic degradation, is leading to its expanding utilisation in the electrical and electronics industry.

Moreover, the rising inclination towards electric vehicles is also resulting in the steady growth of the industry as copper magnet wires as these wires are used in the motors and charging units of the vehicle. Also, the rapid industrialisation and the expanding need for energy-efficient transformers are propelling the market expansion of copper magnet wire. Further, the increasing adoption of electronics such as cell phones and computers and the use of copper magnet wire in the coils of these electronics is augmenting the market.

 

The Asia Pacific to Account for a Substantial Share in the Market for Copper Magnet Wire

The rising demand for power in the Asia Pacific region owing to rapid industrialisation is leading to the expanding utilisation of copper magnet wire, thereby invigorating the market growth. In addition, the government initiatives in installing alternative energy sources such as solar cells to reduce the use of fossils and curb carbon emissions are propelling the market growth. Further, the increasing number of manufacturing units of copper magnet wire is contributing to the rapid growth of the market in the Asia Pacific region.

 

Copper Magnet Wire: Market Segmentation

The copper magnet wire refers to the magnet wire that is composed of fully annealed, electrolytically refined copper and is coated with thin insulation, usually made of rigid polymer film materials. The magnet wire is an electrical conductor because it creates an electrical field when wound into a coil and energised.

 

Global Copper Magnet Wire Market by Segments

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The copper magnet wire industry, by packaging type, is divided into:

  • Box Packaging
  • Spool Packaging
  • Large Pallet Packaging

Based on wire size, the market is segmented into:

  • Up to 20 AWG
  • 20 AWG to 30 AWG
  • 30 AWG to 50 AWG

On the basis of end use, the market is classified into:

  • Automotive and Transportation Industry
  • Electrical and Electronics Industry
  • Power and Energy Industry
  • Others

The regional markets for copper magnet wire can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Copper Magnet Wire Market by Region

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Growing Adoption of Renewable Energy Systems to Drive the Market Growth of the Copper Magnet Wire

The transition to renewable energy systems from the conventional power generation methods is significantly catalysing the market growth of copper magnet wire. In addition, the exceptional characteristics of copper as an excellent thermal and electrical conductor, and the emerging need to generate power with minimum environmental effects are playing a critical role in the market expansion of copper magnet wire. Also, the rising installation of solar photovoltaic cells and wind energy technologies by commercial, industrial, and utility sectors for clean, efficient power to meet the increasing energy demands is providing impetus to the market growth of copper magnet wire.

Moreover, the government initiatives in setting up alternative energy sources such as solar PV cells to facilitate national energy security and sustainability are resulting in the market development of copper magnet wire. Further, the development of non-destructive methods of testing defects of copper wires, such as high voltage DC testing, to ensure the quality of the product is expected to augment the market for copper magnet in the forecast period.

 

Key Industry Players in the Global Copper Magnet Wire Market

The report gives a detailed analysis of the following key players in the global copper magnet wire market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Remington Industries
  • Hitachi Metals, Ltd.
  • The S&W Wire Company
  • Brocott UK
  • Metrod Group
  • EIS Legacy, LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Packaging Type
  • Wire Size
  • End Use
  • Region
Breakup by Packaging Type
  • Box Packaging
  • Spool Packaging
  • Large Pallet Packaging
Breakup by Wire Size
  • Up to 20 AWG
  • 20 AWG to 30 AWG
  • 30 AWG to 50 AWG
Breakup by End Use
  • Automotive and Transportation Industry
  • Electrical and Electronics Industry
  • Power and Energy Industry
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Remington Industries
  • Hitachi Metals, Ltd.
  • The S&W Wire Company
  • Brocott UK
  • Metrod Group
  • EIS Legacy, LLC
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Copper Magnet Wire Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Copper Magnet Wire Historical Market (2017-2021) 
    8.3    Global Copper Magnet Wire Market Forecast (2022-2027)
    8.4    Global Copper Magnet Wire Market by Packaging Type
        8.4.1    Box Packaging
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Spool Packaging
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Large Pallet Packaging
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Copper Magnet Wire Market by Wire Size
        8.5.1    Up to 20 AWG
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    20 AWG to 30 AWG
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    30 AWG to 50 AWG
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Copper Magnet Wire Market by End Use
        8.6.1    Automotive and Transportation Industry
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Electrical and Electronics Industry
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Power and Energy Industry
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Copper Magnet Wire Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021) 
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021) 
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021) 
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021) 
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021) 
            8.7.5.3    Forecast Trend (2022-2027)
9    North America Copper Magnet Wire Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Copper Magnet Wire Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Copper Magnet Wire Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Copper Magnet Wire Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Copper Magnet Wire Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Remington Industries
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Hitachi Metals, Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    The S&W Wire Company
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Brocott UK
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Metrod Group
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    EIS Legacy, LLC
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market
 

List of Figures and Tables

1.    Global Copper Magnet Wire Market: Key Industry Highlights, 2017 and 2021
2.    Global Copper Magnet Wire Historical Market: Breakup by Packaging Type (USD Million), 2017-2021
3.    Global Copper Magnet Wire Market Forecast: Breakup by Packaging Type (USD Million), 2022-2027
4.    Global Copper Magnet Wire Historical Market: Breakup by Wire Size (USD Million), 2017-2021
5.    Global Copper Magnet Wire Market Forecast: Breakup by Wire Size (USD Million), 2022-2027
6.    Global Copper Magnet Wire Historical Market: Breakup by End Use (USD Million), 2017-2021
7.    Global Copper Magnet Wire Market Forecast: Breakup by End Use (USD Million), 2022-2027
8.    Global Copper Magnet Wire Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Copper Magnet Wire Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Copper Magnet Wire Market Structure

Key Questions Answered in the Report

The global copper magnet wire market is estimated to grow at a CAGR of 5.3% between 2022 and 2027.

The major industry drivers are growing use of copper magnet wire in the expanding electrical and electronics industry, exceptional characteristics of copper magnet wire, increasing number of copper wire manufacturing units, and the development of non-destructive methods of testing defects of copper wires.

The key industry trends guiding the growth of the market include the increasing demand for energy, rising inclination towards electric vehicles, and the government initiatives in installing alternative energy sources.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different market divisions, based on packaging type, include box packaging, spool packaging, and large pallet packaging.

The significant market divisions, based on wire size, include up to 20 AWG, 20 AWG to 30 AWG, and 30 AWG to 50 AWG.

The major end uses of the market are automotive and transportation industry, electrical and electronics industry, and power and energy industry, among others.

The major players in the industry are Remington Industries, Hitachi Metals, Ltd., The S&W Wire Company, Brocott UK, Metrod Group, and EIS Legacy, LLC, among others.

Analyst Review

The global copper magnet wire market is driven by the growing demand for renewable energy systems. Aided by the expanding application of copper magnet wire in various industries, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.3%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The copper magnet wire industry, by packaging type, is divided into box packaging, spool packaging, and large pallet packaging. Based on wire size, the market is segmented into up to 20 AWG, 20 AWG to 30 AWG, and 30 AWG to 50 AWG. On the basis of end use, the market can be categorised into automotive and transportation industry, electrical and electronics industry, and power and energy industry, among others. The major regional markets for copper magnet wire are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Remington Industries, Hitachi Metals, Ltd., The S&W Wire Company, Brocott UK, Metrod Group, and EIS Legacy, LLC, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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