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Global Copper Magnet Wire Market Size, Share, Analysis: 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: Automotive and Transportation Industry, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
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 2024-2032.
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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.
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Packaging Type |
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| Breakup by Wire Size |
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| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| 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 (2018-2023)
8.3 Global Copper Magnet Wire Market Forecast (2024-2032)
8.4 Global Copper Magnet Wire Market by Packaging Type
8.4.1 Box Packaging
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Spool Packaging
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Large Pallet Packaging
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Copper Magnet Wire Market by Wire Size
8.5.1 Up to 20 AWG
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 20 AWG to 30 AWG
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 30 AWG to 50 AWG
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Copper Magnet Wire Market by End Use
8.6.1 Automotive and Transportation Industry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Electrical and Electronics Industry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Power and Energy Industry
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Copper Magnet Wire Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Copper Magnet Wire Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Copper Magnet Wire Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Copper Magnet Wire Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Copper Magnet Wire Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Copper Magnet Wire Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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), 2018-2023
3. Global Copper Magnet Wire Market Forecast: Breakup by Packaging Type (USD Million), 2024-2032
4. Global Copper Magnet Wire Historical Market: Breakup by Wire Size (USD Million), 2018-2023
5. Global Copper Magnet Wire Market Forecast: Breakup by Wire Size (USD Million), 2024-2032
6. Global Copper Magnet Wire Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Copper Magnet Wire Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Copper Magnet Wire Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Copper Magnet Wire Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Copper Magnet Wire Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Copper Magnet Wire Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2024 and 2032.
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 2024-2032, 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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