The North America Copper Magnetic Wire Market would witness market growth of 4.4% CAGR during the forecast period (2022-2028).
Copper is used to make transformer windings in two different forms, strips for larger machinery and wire for small products. The wire to wind small items must be strong enough to prevent breakage during winding and flexible enough to produce tightly packed windings. In order to prevent insulating enamels from cracking under voltage, strip products must have good surface quality. Strongness is required to survive the high electro-mechanical forces created under sporadic short-circuit circumstances, while sufficient ductility is necessary for the strip to be produced and packed.
All contemporary insulation materials, including lacquer and enamel, are compatible with copper winding wires in transformers. Therefore, the advantages and usability of copper magnetic wires have increased their use. Space considerations are a key engineering justification for using copper windings instead of aluminum.
This is so that copper-wound transformers can be manufactured in smaller sizes than aluminum-wound transformers. In comparison to copper conductors, an aluminum transformer needs a cross-sectional area that is 66% bigger to achieve equivalent ratings. The winding endurance of aluminum is virtually equal to that of copper windings because of the utilization of larger conductors.
The capacity of Mexico's entire power generation system in December 2020 was 83,121 MW, which climbed by 3.64% in December 2021, according to the country's National Electrical System Development Program (Programa de Desarrollo del Sistema Eléctrico Nacional). Furthermore, the region is moving away from producing electricity from fossil fuels like coal, oil, and gas and toward renewable energy sources like wind, solar, and hydel energy. Due to the large use of copper magnetic wire in this technology, new energy-generating and distributing technology will be needed. Therefore, due to all these aforementioned factors, the regional copper magnetic wire market is bound to expand in the coming years.
The US market dominated the North America Copper Magnetic Wire Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,933.3 Million by 2028. The Canada market is poised to grow at a CAGR of 6.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.9% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Copper Magnetic Wire Market, by Industry
1.4.2 North America Copper Magnetic Wire Market, by Type
1.4.3 North America 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. North America Copper Magnetic Wire Market by Industry
3.1 North America Machinery Market by Country
3.2 North America Automotive Market by Country
3.3 North America Construction Market by Country
3.4 North America Aerospace Market by Country
3.5 North America Others Market by Country
Chapter 4. North America Copper Magnetic Wire Market by Type
4.1 North America Enameled Market by Country
4.2 North America Covered Market by Country
Chapter 5. North America Copper Magnetic Wire Market by Country
5.1 US Copper Magnetic Wire Market
5.1.1 US Copper Magnetic Wire Market by Industry
5.1.2 US Copper Magnetic Wire Market by Type
5.2 Canada Copper Magnetic Wire Market
5.2.1 Canada Copper Magnetic Wire Market by Industry
5.2.2 Canada Copper Magnetic Wire Market by Type
5.3 Mexico Copper Magnetic Wire Market
5.3.1 Mexico Copper Magnetic Wire Market by Industry
5.3.2 Mexico Copper Magnetic Wire Market by Type
5.4 Rest of North America Copper Magnetic Wire Market
5.4.1 Rest of North America Copper Magnetic Wire Market by Industry
5.4.2 Rest of North America 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 North America Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 2 North America Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 3 North America Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 4 North America Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 5 North America Machinery Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Machinery Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Construction Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Construction Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Aerospace Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Aerospace Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 16 North America Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 17 North America Enameled Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Enameled Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Covered Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Covered Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Copper Magnetic Wire Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Copper Magnetic Wire Market by Country, 2022 - 2028, USD Million
TABLE 23 US Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 24 US Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 25 US Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 26 US Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 27 US Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 28 US Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 29 Canada Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 30 Canada Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 31 Canada Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 32 Canada Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 33 Canada Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 34 Canada Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 35 Mexico Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 36 Mexico Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 37 Mexico Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 38 Mexico Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 39 Mexico Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 40 Mexico Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 41 Rest of North America Copper Magnetic Wire Market, 2018 - 2021, USD Million
TABLE 42 Rest of North America Copper Magnetic Wire Market, 2022 - 2028, USD Million
TABLE 43 Rest of North America Copper Magnetic Wire Market by Industry, 2018 - 2021, USD Million
TABLE 44 Rest of North America Copper Magnetic Wire Market by Industry, 2022 - 2028, USD Million
TABLE 45 Rest of North America Copper Magnetic Wire Market by Type, 2018 - 2021, USD Million
TABLE 46 Rest of North America Copper Magnetic Wire Market by Type, 2022 - 2028, USD Million
TABLE 47 Key information – Sumitomo Electric Industries, Ltd.
TABLE 48 Key Information – LS Cable & System Ltd.
TABLE 49 Key Information – Schwering & Hasse Elektrodraht GmbH
TABLE 50 Key Information – Proterial, Ltd
TABLE 51 Key Information – SAM Dong Co., Ltd
TABLE 52 Key Information – Elektrisola Dr. Gerd Schildbach GmbH & Co. KG
TABLE 53 Key Information – Rea Magnet Wire Company Inc.
TABLE 54 Key Information – IRCE S.p.A
TABLE 55 Key Information – Dahren group
TABLE 56 Key Information – HPW Metallwerk GmbH
List of Figures
FIG 1 Methodology for the research