Global Magnetic Wire Market: Latest Trends and Opportunities
According to a new report published by Reports Monitor titled, “Global Magnetic Wire, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Magnetic WireMarketwas valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Magnetic wire is an insulated electrical conductor primarily produced with copper or Aluminium that when wound into a coil generates useful electrical field. This field is utilized in energy transformation and also in wide range of applications and products such as computer, telephones, cell phones, video games and televisions. The major applications of magnetic wire are transformers, inductors, generators, hard drive head positioner and others.
Surging demand for transformers, generators and other electrical management infrastructure is majorly driving the growth of magnetic wire market. Increasing demand for reliable and safe energy coupled with rising industrialization and urbanization forms the major factor in propelling the market growth. . However, price fluctuation in the raw material prices such as copper or aluminium is mainly restraining the growth of market.
This report provides a detailed analysis of Magnetic Wire, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global magnetic wire market has been segmented majorly on the basis of shape, coatings, and materials. Based on shape, market is bifurcated into: flat and round wire, while on the basis of coatings used market is bifurcated into: tape coating, fiber glass, enamel and others. On the basis of materials, market is segmented into: copper, aluminium and others.
Geographically, global magnetic wire market is majorly analysed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Increased adoption of magnetic wire in transformers and high tension motors coupled with immense investment in electricity infrastructure is the major factor influencing the growth of North America. Rapid urbanization in the economies such as China, India and others coupled with presence of major players in the magnetic wire market is mainly influencing the growth of Asia Pacific region.
The major key companies operating in the global magnetic wire market are: Fujikro, Superior Essex, Alconex, Sumitomo Electric, Roshow Technology, Citychamp, Rea Magnetic Wire Inc, Von Roll, Hitachi Metals Ltd, and Tianjin Jing Wei Electric Wire.
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