1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
FEATURED COMPANIES
- EL Sewedy Electric Co.
- LS Cable & System Ltd.
- Prysmian Spa
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Winding Wire Market: About this market
The winding wire market analysis considers sales from both copper and aluminum winding wires. The analysis also considers the sales of winding wire in APAC, Europe, North America, South America, and MEA. In 2018, the copper segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as high current carrying capacity and corrosion resistance will play a significant role in the copper segment to maintain its market position. Also, the global winding wire market report looks at factors such as the expansion of power generation and T&D network, increasing the use of electric auxiliary systems in automobiles, and consistent economic growth driving industrial expansion and demand for consumer goods. However, uncertainties in the high fragmentation of the market limits consistent increases in ASP, ongoing slowdown in Chinese economy, and high exposure to industries with fluctuating investment cycle may hamper the growth of the winding wire industry over the forecast period.
Global Winding Wire Market: Overview
Increasing use of auxiliary systems in automobiles
Automobiles use several auxiliary and starter motors for its power windows, windshield wipers, and windshield washer pumps. Features like motorized seat adjustment, cushion tilt, lumbar support, headrest adjustment, power-seat folding, rear wipers, electric outside rearview mirrors, and automatic headlight beam adjustment, require electric motors for their operation. Therefore, the increasing demand for feature-rich cars and adoption of NEVs will increase the demand for electric motors which will subsequently lead to the expansion of the global winding wire market at a CAGR of over 5% during the forecast period.
Increasing focus on energy-efficient winding wires
The global focus on increasing efficiency of electrical equipment such as motors and transformers is driving the demand for highly efficient winding wire, which has a potential to reduce electrical energy consumption in an electric motor or transformer. This led the vendors to launch a winding wire that has improved thermal efficiency. The increasing demand for efficient traction motors in NEVs and the introduction of regenerative braking systems in trains and electric vehicles will further boost the demand for energy-efficient winding wires. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global winding wire market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading winding wire manufacturers, that include EL Sewedy Electric Co., Furukawa Electric Co. Ltd., LS Cable & System Ltd., Prysmian Spa, Sumitomo Electric Industries Ltd.
Also, the winding wire market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The winding wire market analysis considers sales from both copper and aluminum winding wires. The analysis also considers the sales of winding wire in APAC, Europe, North America, South America, and MEA. In 2018, the copper segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as high current carrying capacity and corrosion resistance will play a significant role in the copper segment to maintain its market position. Also, the global winding wire market report looks at factors such as the expansion of power generation and T&D network, increasing the use of electric auxiliary systems in automobiles, and consistent economic growth driving industrial expansion and demand for consumer goods. However, uncertainties in the high fragmentation of the market limits consistent increases in ASP, ongoing slowdown in Chinese economy, and high exposure to industries with fluctuating investment cycle may hamper the growth of the winding wire industry over the forecast period.
Global Winding Wire Market: Overview
Increasing use of auxiliary systems in automobiles
Automobiles use several auxiliary and starter motors for its power windows, windshield wipers, and windshield washer pumps. Features like motorized seat adjustment, cushion tilt, lumbar support, headrest adjustment, power-seat folding, rear wipers, electric outside rearview mirrors, and automatic headlight beam adjustment, require electric motors for their operation. Therefore, the increasing demand for feature-rich cars and adoption of NEVs will increase the demand for electric motors which will subsequently lead to the expansion of the global winding wire market at a CAGR of over 5% during the forecast period.
Increasing focus on energy-efficient winding wires
The global focus on increasing efficiency of electrical equipment such as motors and transformers is driving the demand for highly efficient winding wire, which has a potential to reduce electrical energy consumption in an electric motor or transformer. This led the vendors to launch a winding wire that has improved thermal efficiency. The increasing demand for efficient traction motors in NEVs and the introduction of regenerative braking systems in trains and electric vehicles will further boost the demand for energy-efficient winding wires. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global winding wire market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading winding wire manufacturers, that include EL Sewedy Electric Co., Furukawa Electric Co. Ltd., LS Cable & System Ltd., Prysmian Spa, Sumitomo Electric Industries Ltd.
Also, the winding wire market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- EL Sewedy Electric Co.
- LS Cable & System Ltd.
- Prysmian Spa
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- EL Sewedy Electric Co.
- LS Cable & System Ltd.
- Prysmian Spa
The following companies are recognised as the key players in the global winding wire market: EL Sewedy Electric Co., Furukawa Electric Co. Ltd., LS Cable & System Ltd., Prysmian Spa, Sumitomo Electric Industries Ltd.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is increasing focus on energy-efficient winding wires.”
According to the report, one of the major drivers for this market is increasing the use of auxiliary systems in automobiles.
Further, the report states that one of the major factors hindering the growth of this market is the high exposure to industries with fluctuating investment cycle.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is increasing focus on energy-efficient winding wires.”
According to the report, one of the major drivers for this market is increasing the use of auxiliary systems in automobiles.
Further, the report states that one of the major factors hindering the growth of this market is the high exposure to industries with fluctuating investment cycle.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- EL Sewedy Electric Co.
- Furukawa Electric Co. Ltd.
- LS Cable & System Ltd.
- Prysmian Spa
- Sumitomo Electric Industries Ltd.
Note: Product cover images may vary from those shown
