Global magnet wire market was valued at 2.65 billion USD by 2022

In terms of revenue, the global magnet wire market was valued at 2.32 billion USD in 2016, and is estimated to be worth 2.65 billion USD by 2022, whereas, in terms of sales, the global magnet wire market accounted for 3488 K Units in 2016, and is anticipated to reach 4205 K Units by 2022.

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Asia-Pacific is the dominant consumption and export country of magnet wire, the sales of magnet wire is 2093 K Unit in 2016, according about 60% of the total amount. Asia-Pacific is also the biggest production country of magnet wire, with the large amount of production in China. Europe is the second largest sales area, with the market share of 16.26% in 2016. Even though a huge space for growth in the Asia-Pacific market exists, the quality and technology should further improve.

Leading players in magnet wire industry are Superior Essex, Rea, Sumitomo Electric, Liljedahl and many Chinese manufactures. Superior Essex is the largest manufacturer, occupies about 10.92% revenue share of the market.

As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese magnet wire industry is not only begin to transit to high-end magnet wire products, while still extend in the resource-rich land and downstream industry chain.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. There will have more investment enter this field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.

The Global Magnet Wire Market Research Report 2018 report released by QYResearch provides a basic overview of the Magnet Wire industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Magnet Wire industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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