$26.6 Billion Worldwide Magnet Wires Industry to 2027 - Impact of COVID-19 on the Market

Dublin, May 27, 2021 (GLOBE NEWSWIRE) -- The "Magnet Wires - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Magnet Wires estimated at US$26.6 Billion in the year 2020, is projected to reach a revised size of US$34.2 Billion by 2027, growing at a CAGR of 3.7% over the period 2020-2027.

Copper, one of the segments analyzed in the report, is projected to record 3.6% CAGR and reach US$26.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aluminum segment is readjusted to a revised 3.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.2 Billion, While China is Forecast to Grow at 5.9% CAGR

The Magnet Wires market in the U.S. is estimated at US$7.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2027 trailing a CAGR of 5.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Select Competitors (Total 37 Featured):

• Elektrisola

• Fujikura Ltd.

• FuruKawa Electric Co Ltd

• Irce S.P.A.

• LS Cable & System Ltd.

• LWW Group

• REA Magnet Wire

• Samdong Co., Ltd.

• Sumitomo Electric Industries, Ltd.

• Tongling Jingda Special Magnet Wire Co., Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• UNITED STATES

• CANADA

• JAPAN

• CHINA

• EUROPE

• FRANCE

• GERMANY

• ITALY

• UNITED KINGDOM

• SPAIN

• RUSSIA

• REST OF EUROPE

• ASIA-PACIFIC

• AUSTRALIA

• INDIA

• SOUTH KOREA

• REST OF ASIA-PACIFIC

• LATIN AMERICA

• ARGENTINA

• BRAZIL

• MEXICO

• REST OF LATIN AMERICA

• MIDDLE EAST

• IRAN

• ISRAEL

• SAUDI ARABIA

• UNITED ARAB EMIRATES

• REST OF MIDDLE EAST

• AFRICA

IV. COMPETITION

• Total Companies Profiled: 37

For more information about this report visit https://www.researchandmarkets.com/r/n061cb

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