The Asia Pacific Copper Magnetic Wire Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
The coils of electronic equipment, including computers, phones, and televisions, use copper magnetic wire. The electronic and telecommunications sector has expanded considerably in recent years. The growth in electronic equipment sales like cell phones and computers is mostly due to increased disposable income and rising internet usage. As a result, the copper magnetic wire market is anticipated to expand significantly in the upcoming years.
Additionally, the electrical industry uses copper magnetic wire as conductors in transformers. In light of this, it is anticipated that sales of copper magnetic wire will increase due to the expansion of the power generation sector. Due to the expanding potential of electrical drives used in electric vehicle energy production and transmission, along with energy storage devices in off-grid and industrial power distribution networks, the demand for copper magnetic wires is increasing in the energy and transportation sectors.
In order to solve environmental issues, it has been required to cut back on environmental effects, including resource depletion and air pollution, as well as carbon dioxide emissions, to prevent global warming. The largest contributors to these emissions are the energy conversion and industrial sectors, followed by the transportation and automotive sector. In order to address regulatory requirements, the number of electric vehicles (EVs), including hybrid EVs (HEVs), plug-in EVs (PHEVs), and battery EVs (BEVs), has been rapidly rising.
In the upcoming years, the demand for copper magnet wires is anticipated to be significantly fueled by the end-use industries for magnetic wires, such as the infrastructure, transportation, and power sectors, which are expanding quickly in the region. Furthermore, in nations like India, China, and Japan, the automotive as well as electrical & electronics industries have been expanding rapidly owing to the regional populations' increasing disposable incomes, bolstering their purchasing power. Additionally, the regional nations' government policies and regulations aimed at enhancing the nation's manufacturing sector are anticipated to positively influence the market.
The China market dominated the Asia Pacific Copper Magnetic Wire Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,839.8 Million by 2028. The Japan market is estimated to grow a CAGR of 4.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.1% during (2022 - 2028).
Based on Industry, the market is segmented into Machinery, Automotive, Construction, Aerospace and Others. Based on Type, the market is segmented into Enameled and Covered. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Copper Magnetic Wire Market is Projected to reach USD 31.6 Billion by 2028, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sumitomo Electric Industries, Ltd., LS Cable & System Ltd., Schwering & Hass Elektrodraht GmbH (SYNFLeX Elektro GmbH), Proterial, Ltd (Hitachi, Ltd), SAM Dong Co., Ltd, Elektrisola Dr. Gerd Schildbach GmbH & Co. KG, Rea Magnet Wire Company Inc., IRCE S.p.A., Dahrén Group (Liljedahl Group AB) and Hpw Metallwerk GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Industry
- Machinery
- Automotive
- Construction
- Aerospace
- Others
By Type
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Sumitomo Electric Industries, Ltd.
- LS Cable & System Ltd.
- Schwering & Hass Elektrodraht GmbH (SYNFLeX Elektro GmbH)
- Proterial, Ltd (Hitachi, Ltd)
- SAM Dong Co., Ltd
- Elektrisola Dr. Gerd Schildbach GmbH & Co. KG
- Rea Magnet Wire Company Inc.
- IRCE S.p.A.
- Dahrén Group (Liljedahl Group AB)
- Hpw Metallwerk GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Copper Magnetic Wire Market, by Industry
1.4.2 Asia Pacific Copper Magnetic Wire Market, by Type
1.4.3 Asia Pacific Copper Magnetic Wire Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Copper Magnetic Wire Market by Industry
3.1 Asia Pacific Machinery Market by Country
3.2 Asia Pacific Automotive Market by Country
3.3 Asia Pacific Construction Market by Country
3.4 Asia Pacific Aerospace Market by Country
3.5 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Copper Magnetic Wire Market by Type
4.1 Asia Pacific Enameled Market by Country
4.2 Asia Pacific Covered Market by Country
Chapter 5. Asia Pacific Copper Magnetic Wire Market by Country
5.1 China Copper Magnetic Wire Market
5.1.1 China Copper Magnetic Wire Market by Industry
5.1.2 China Copper Magnetic Wire Market by Type
5.2 Japan Copper Magnetic Wire Market
5.2.1 Japan Copper Magnetic Wire Market by Industry
5.2.2 Japan Copper Magnetic Wire Market by Type
5.3 India Copper Magnetic Wire Market
5.3.1 India Copper Magnetic Wire Market by Industry
5.3.2 India Copper Magnetic Wire Market by Type
5.4 South Korea Copper Magnetic Wire Market
5.4.1 South Korea Copper Magnetic Wire Market by Industry
5.4.2 South Korea Copper Magnetic Wire Market by Type
5.5 Singapore Copper Magnetic Wire Market
5.5.1 Singapore Copper Magnetic Wire Market by Industry
5.5.2 Singapore Copper Magnetic Wire Market by Type
5.6 Malaysia Copper Magnetic Wire Market
5.6.1 Malaysia Copper Magnetic Wire Market by Industry
5.6.2 Malaysia Copper Magnetic Wire Market by Type
5.7 Rest of Asia Pacific Copper Magnetic Wire Market
5.7.1 Rest of Asia Pacific Copper Magnetic Wire Market by Industry
5.7.2 Rest of Asia Pacific Copper Magnetic Wire Market by Type
Chapter 6. Company Profiles
6.1 Sumitomo Electric Industries, Ltd.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional & Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.2 LS Cable & System Ltd.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Recent strategies and developments:
6.2.3.1 Partnerships, Collaborations, and Agreements:
6.2.3.2 Geographical Expansions:
6.3 Schwering & Hass Elektrodraht GmbH (SYNFLeX Elektro GmbH)
6.3.1 Company Overview
6.4 Proterial, Ltd (Hitachi, Ltd)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 SAM Dong Co., Ltd
6.5.1 Company Overview
6.6 Elektrisola Dr. Gerd Schildbach GmbH & Co. KG
6.6.1 Company Overview
6.7 Rea Magnet Wire Company Inc.
6.7.1 Company Overview
6.8 IRCE S.p.A.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Regional Analysis
6.9 Dahrén Group (Liljedahl Group AB)
6.9.1 Company Overview
6.9.2 Financial Analysis
6.10. Hpw Metallwerk GmbH
6.10.1 Company Overview
TABLE 1 Asia Pacific Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Machinery Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Machinery Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Construction Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Construction Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Enameled Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Enameled Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Covered Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Covered Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Copper Magnetic Wire Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Copper Magnetic Wire Market by Country, 2022 - 2028, USD Million
TABLE 23 China Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 24 China Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 25 China Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 26 China Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 27 China Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 28 China Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 29 Japan Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 30 Japan Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 31 Japan Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 32 Japan Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 33 Japan Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 34 Japan Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 35 India Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 36 India Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 37 India Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 38 India Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 39 India Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 40 India Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 41 South Korea Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 42 South Korea Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 43 South Korea Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 44 South Korea Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 45 South Korea Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 46 South Korea Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 47 Singapore Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 48 Singapore Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 49 Singapore Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 50 Singapore Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 51 Singapore Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 52 Singapore Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 53 Malaysia Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 54 Malaysia Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 55 Malaysia Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 56 Malaysia Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 57 Malaysia Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 58 Malaysia Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 61 Rest of Asia Pacific Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 62 Rest of Asia Pacific Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 65 Key information – Sumitomo Electric Industries, Ltd.
TABLE 66 Key Information – LS Cable & System Ltd.
TABLE 67 Key Information – Schwering & Hasse Elektrodraht GmbH
TABLE 68 Key Information – Proterial, Ltd
TABLE 69 Key Information – SAM Dong Co., Ltd
TABLE 70 Key Information – Elektrisola Dr. Gerd Schildbach GmbH & Co. KG
TABLE 71 Key Information – Rea Magnet Wire Company Inc.
TABLE 72 Key Information – IRCE S.p.A
TABLE 73 Key Information – Dahren group
TABLE 74 Key Information – HPW Metallwerk GmbH
List of Figures
FIG 1 Methodology for the research