Copper magnet wire coated with a very thin insulating layer. It is used to construct transformers, inductors, motors, speakers, hard disk head actuators, electromagnets and other applications that require tight coil insulation. The wire itself is usually fully annealed electrolytically refined copper.
Increasing of industrial and research fields expenditures and the demand of new energy vehicles drives the growth of the market. Developing regions such as Southeast Asia and India has great potential. Vendors recognize the importance of this region, and are working towards penetrating this market by strengthening their sales and distribution network.Asia-Pacific is the dominant consumption and export country of magnet wire, according about 60% of the total amount. China is the biggest production country of magnet wire, Even though a huge space for growth in the Asia-Pacific market exists, the quality and technology should further improve.

Market Analysis and Insights: Global Copper Magnet Wire Market
The global Copper Magnet Wire market is valued at US$ 23 million in 2019. The market size will reach US$ 27 million by the end of 2026, growing at a CAGR of 2.5% during 2021-2026.

Global Copper Magnet Wire Scope and Segment
Copper Magnet Wire market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Copper Magnet Wire market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Round Magnet Wire
Flat Magnet Wire
In 2018, Round Magnet Wire accounted for a major share of 67% in the global Copper Magnet Wire market. And this product segment is poised to reach 15901 M USD by 2025 from 2332 M USD in 2019.

Segment by Application
Motors
Transformers
Home Appliance
Reactor
Others

By Company
Superior Essex
Jingda
Sumitomo Electric
Rea
Citychamp Dartong
Tongling Copper Crown Electrical
Liljedahl
Shanghai Yuke
IRCE
Shangfeng Industrial
Roshow Technology
Hitachi
SWCC
Elektrisola
HONGYUAN
Ronsen Super Micro-Wire
Magnekon
Condumex
GOLD CUP ELECTRIC
Shenmao Magnet Wire
Tianjin Jing Wei Electric Wire
Von Roll

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E