The Latin America, Middle East and Africa Copper Magnetic Wire Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).
The rise in demand for EVs, which need high-performance magnetic wire for the regenerative braking systems, can be attributed to the expansion. A magnetic levitation train (LMS) is used in a regenerative braking system. The LMS serves as both a brake by employing in the track circuit an electromagnetically induced current and an energy storage mechanism by storing electricity produced during braking in batteries on board the train.
Due to the expanding power transformers industry across numerous applications, including HVAC, industrial machinery, lighting, etc., the transformer application is anticipated to expand considerably throughout the projected period. Moreover, the market for copper magnetic wire is developing due to the quick industrialization and growing need for energy-efficient transformers. The market is also being boosted by the growing usage of electronics like computers and cell phones, which employ copper magnetic wire in their coils.
The rising energy demand and significant investments in new construction have further increased the demand for copper magnetic wires. Additionally, the growth in expenditures in smart upgrades to the energy transmission and distribution (T&D) systems, together with the establishment of smart grids, increases demand for copper magnetic wire. Furthermore, it is projected that throughout the forecast period, growing urbanization, together with an increase in funding across the industrial domain, will produce attractive growth prospects for the market.
The expanding region of Latin America has made efforts to expand its electricity generation capabilities. During the projection period, this is anticipated to drive copper magnetic wire sales in Latin America. The Middle East and Africa are working to focus on other industrial areas, like the production of renewable energy, rather than the oil & natural gas industries. Significant solar capacity additions by South Africa and Saudi Arabia have accelerated the growth of renewable energy in the region. In the near future, it is anticipated that the expansion of the renewable energy sector in the region will accelerate the expansion of the copper magnetic wire market.
The Brazil market dominated the LAMEA Copper Magnetic Wire Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $527.4 Million by 2028. The Argentina market is exhibiting a CAGR of 8.4% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 7.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Copper Magnetic Wire Market, by Industry
1.4.2 LAMEA Copper Magnetic Wire Market, by Type
1.4.3 LAMEA 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. LAMEA Copper Magnetic Wire Market by Industry
3.1 LAMEA Machinery Market by Country
3.2 LAMEA Automotive Market by Country
3.3 LAMEA Construction Market by Country
3.4 LAMEA Aerospace Market by Country
3.5 LAMEA Others Market by Country
Chapter 4. LAMEA Copper Magnetic Wire Market by Type
4.1 LAMEA Enameled Market by Country
4.2 LAMEA Covered Market by Country
Chapter 5. LAMEA Copper Magnetic Wire Market by Country
5.1 Brazil Copper Magnetic Wire Market
5.1.1 Brazil Copper Magnetic Wire Market by Industry
5.1.2 Brazil Copper Magnetic Wire Market by Type
5.2 Argentina Copper Magnetic Wire Market
5.2.1 Argentina Copper Magnetic Wire Market by Industry
5.2.2 Argentina Copper Magnetic Wire Market by Type
5.3 UAE Copper Magnetic Wire Market
5.3.1 UAE Copper Magnetic Wire Market by Industry
5.3.2 UAE Copper Magnetic Wire Market by Type
5.4 Saudi Arabia Copper Magnetic Wire Market
5.4.1 Saudi Arabia Copper Magnetic Wire Market by Industry
5.4.2 Saudi Arabia Copper Magnetic Wire Market by Type
5.5 South Africa Copper Magnetic Wire Market
5.5.1 South Africa Copper Magnetic Wire Market by Industry
5.5.2 South Africa Copper Magnetic Wire Market by Type
5.6 Nigeria Copper Magnetic Wire Market
5.6.1 Nigeria Copper Magnetic Wire Market by Industry
5.6.2 Nigeria Copper Magnetic Wire Market by Type
5.7 Rest of LAMEA Copper Magnetic Wire Market
5.7.1 Rest of LAMEA Copper Magnetic Wire Market by Industry
5.7.2 Rest of LAMEA 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 LAMEA Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 4 LAMEA Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 5 LAMEA Machinery Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Machinery Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Automotive Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Automotive Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Construction Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Construction Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 16 LAMEA Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 17 LAMEA Enameled Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Enameled Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Covered Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Covered Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Copper Magnetic Wire Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Copper Magnetic Wire Market by Country, 2022 - 2028, USD Million
TABLE 23 Brazil Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 24 Brazil Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 25 Brazil Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 26 Brazil Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 27 Brazil Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 28 Brazil Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 29 Argentina Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 30 Argentina Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 31 Argentina Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 32 Argentina Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 33 Argentina Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 34 Argentina Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 35 UAE Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 36 UAE Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 37 UAE Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 38 UAE Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 39 UAE Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 40 UAE Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 43 Saudi Arabia Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 44 Saudi Arabia Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 45 Saudi Arabia Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 46 Saudi Arabia Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 47 South Africa Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 48 South Africa Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 49 South Africa Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 50 South Africa Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 51 South Africa Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 52 South Africa Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 53 Nigeria Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 54 Nigeria Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 55 Nigeria Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 56 Nigeria Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 57 Nigeria Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 58 Nigeria Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 61 Rest of LAMEA Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 62 Rest of LAMEA Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA 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