Los Angeles, CA -- (SBWIRE) -- 04/25/2019 -- Magnet wire or enameled wire is a copper or aluminium wire coated with a very thin layer of insulation. It is used in the construction of transformers, inductors, motors, speakers, hard disk head actuators, electromagnets, and other applications that require tight coils of insulated wire.

Asia-Pacific is the dominant consumption and export country of magnet wire, the sales of magnet wire is 2093 K Unit in 2016, according about 60% of the total amount. Asia-Pacific is also the biggest production country of magnet wire, with the large amount of production in China. Europe is the second largest sales area, with the market share of 16.26% in 2016. Even though a huge space for growth in the Asia-Pacific market exists, the quality and technology should further improve.

Leading players in magnet wire industry are Superior Essex, Rea, Sumitomo Electric, Liljedahl and many Chinese manufactures. Superior Essex is the largest manufacturer, occupies about 10.92% revenue share of the market.

As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese magnet wire industry is not only begin to transit to high-end magnet wire products, while still extend in the resource-rich land and downstream industry chain.

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The global Magnet Wire market was 23700 million US$ in 2018 and is expected to 27800 million US$ by the end of 2025, growing at a CAGR of 2.0% between 2019 and 2025.

This report studies the Magnet Wire market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Magnet Wire in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Superior Essex

Rea

Sumitomo Electric

Liljedahl

Fujikura

Hitachi

IRCE

Magnekon

Condumex

Elektrisola

Von Roll

Alconex

Jingda

Citychamp Dartong

Shanghai Yuke

Roshow Technology

Shangfeng Industrial

Tongling Copper Crown Electrical

HONGYUAN

Ronsen Super Micro-Wire

Shenmao Magnet Wire

GOLD CUP ELECTRIC

Tianjin Jing Wei Electric Wire

By the product type, the market is primarily split into

Copper Magnet Wire

Aluminum Magnet Wire

By the end users/application, this report covers the following segments

Motors

Transformers

Home Appliance

Reactor

Others

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