Competitive
Analysis
LS Cable & System
Ltd (South Korea), MWS Wire Industries (US), Elektrisola (Germany), REA Magnet
Wire (US), Irce SPA (Italy), Samdong Co., Ltd (South Korea), Hitachi Metals,
Ltd (Japan), Tongling Jingda Special Magnet Wire Co Ltd (China), Sumitomo
Electric Industries Ltd (Japan), FurUKawa Electric Co Ltd (Japan), G. K.
Winding Wires Limited (India), LWW Group (Sweden), Condumex Inc (US), and
Fujikura Ltd (Japan) are some of the key players in the global magnetic
wire market.
Market
Overview:
Magnet wire is an
insulated wire used for interchanging electrical energy with magnetic energy.
These wires are used in a broad range of applications including generators,
alternators, field windings, starting motors, electronic coils, windings of
radio frequency, as ballasts in special transformers, small transformers, small
devices and controls, measurement windings, low power motors, and open small
motors. Magnetic wires exhibit various significant properties which make them
applicable in the applications mentioned above.
Get
Free Sample Report@ https://www.marketresearchfuture.com/sample_request/7798
These include
uniformity and degree of insulation, good electrical characteristics such as
dielectric strength and insulation resistance, heat resistance, resistance to
solvents, chemicals, and varnishes, resistance to hydrolytic degradation, and
resistance to water and moisture. The increasing use of magnetic wires in the
medical industry in the intravascular ultrasound imaging systems, intracardiac
ablation catheters and systems, intracardiac mapping catheters, and
cardiac rhythm products is expected to propel the growth of the global market
during the forecast period.
Market
Segmentation
The global magnetic
wire market has been segmented on the basis of type, form, application, end-use
industry, and region.
By type, the global
magnetic wire market has been categorized into copper and aluminum. The copper
segment was the leading type segment in 2018 owing to its excellent conductivity
and breakdown potential than most other materials. In addition, it also offers
superior resistance to heat, shock, moisture, and chemicals, and have lesser
cross-section area as compared to aluminum.
Based on form,
the global magnetic wire market has been divided into round magnet wires,
rectangular magnet wires, square magnet wire, and round bondable magnet wire.
Round magnetic wires are used in a wide range of applications such as
transformers, motors, and engines. Significant growth of the industrial sector
in the emerging economies and rising need for energy efficiency is expected to
favor the growth of the segment in the coming years.
By application, the
global magnetic wire market has been classified
into transformers, motors, inductors, generators, and others. The motors
segment held the largest share of the application segment in 2018 and is
projected to exhibit significant growth during the forecast period. This is
mainly attributed to the increasing use of magnetic wire-based electric motors
in the automobiles. High performance coupled with a less carbon footprint are
the key benefits offered by the product in the automobiles.
Based on end-use
industry, the global Magnet Wire Market has been segmented into electrical
& electronics, medical, aerospace, automotive, telecommunication, and
others. The electronics & electrical industry accounted for the largest
share of the market in 2018 owing to the widespread use of magnetic wires in
various electronic appliances and equipment.
Regional
Analysis
Asia-Pacific, North
America, Europe, Latin America, and the Middle East & Africa are the five
key regions studied for the global magnetic wire market. Asia-Pacific accounted
for the largest market share of the global magnetic wire market in 2018. China
is one of the major consumers of magnetic wire on account of the presence of
extensive electronics manufacturing ecosystem in the country. In
addition, the automotive sector in the region is witnessing significant growth
which is driving demand for the product in the regional market.
Browser
Page @ https://www.marketresearchfuture.com/reports/magnet-wire-market-7798
Related
Reports
- Insulation
Products Market Research Report
https://www.marketresearchfuture.com/reports/insulation-products-market-1881
- Advanced
Insulation Material Market Research Report
https://www.marketresearchfuture.com/reports/advanced-insulation-material-market-1954
- HVAC
Insulation Market Research Report
https://www.marketresearchfuture.com/reports/hvac-insulation-market-2072
No comments:
Post a Comment