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Magnet Wire Market worth $36.8 billion by 2024

Magnet Wire Market by Type (Copper, Aluminum), Shape (Round, Rectangle, Square), Application (Motor, Home Appliance, Transformer), End-Use Industry (Electrical & Electronics, Industrial, Transportation, Infrastructure), Region - Global Forecast to 2024<br>

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Magnet Wire Market worth $36.8 billion by 2024

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  1. “Magnet Wire Market”worth $36.8 billion by 2024 Browse 72 market data Tables 46 Figures 119 Pages and in-depth TOC on " Magnet Wire Market"

  2. The magnet wire market size is projected to grow from USD 30.1 billion in 2019 to USD 36.8 billion by 2024, at a CAGR of 4.1% between 2019 and 2024. The market is growing owing to the high demand from end-use industries, such as transportation, industrial, electrical & electronics, and infrastructure. APAC is the largest market for magnet wire and is expected to remain the dame during the forecast year. Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61725229

  3. Electrical & electronics is the largest consumer of magnet wire. Electrical & electronics is the biggest end-use industry of the magnet wire market. These wires are used in the form of coil in various products in the electrical & electronics industry. For instance, products such as fans, toys, trimmers, inverters, air conditioners, and other consumer electronics use magnet wire as a coil. The increasing usage of household appliances is accountable for the increased market size of magnet wire in the electrical & electronics industry. Copper magnet wire accounted for the major share in the magnet wire market. Copper is the more widely used type of magnet wire. Copper magnet wire offers better conductivity and possesses excellent tensile strength. Additionally, it also offers superior heat shock resistance, moisture resistance, chemical resistance, and have lesser cross-section area. This makes it suitable for applications in the transportation and electrical & electronics industries. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=61725229

  4. APAC is expected to lead the magnet wire marketduring the forecast period. APAC is the largest consumer of magnet wire. The booming transportation and electrical & electronics industries are responsible for the growth of the magnet wire market in the region. China is one of the prominent consumers of magnet wire in the region. The country has become the single-largest consumer of magnet wire in the wind energy industry and is expected to strengthen its position further. APAC has a presence of major magnet wire manufacturers such as LS Cable & System, Sumitomo Electric Industries, Ltd., and Samdong Co., Ltd. Speak To Our Experts

  5. The major players in the magnet wire marketare, • LS Cable & System (South Korea) • Elektrisola (Germany) • REA Magnet Wire (US) • Sumitomo Electric Industries, Ltd. (Japan) • Samdong Co., Ltd. (South Korea) • LWW Group (Sweden) • IRCE S.p.A. (Italy) • TonglingJingda Special Magnet Wire Co., Ltd. (China) • Furukawa Electric Co., Ltd. (Japan) • Fujikura Ltd. (Japan). Enquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=61725229

  6. Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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