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Global Winding Wire Market 2017-2021

Global Winding Wire Market 2017-2021

About Winding Wire

Winding wire or magnetic wire is a solid wire, which is insulated with varnish to enable closer winding while manufacturing electromagnetic coils. These wires are used instead of the conventional thick plastic or other insulation commonly used in electrical wires. Magnetic wires or winding wires are used for interchanging electrical energy with magnetic energy. The quality of wire being manufactured depends on its ductility along with the strong tension of the metal. Most metals used in the manufacturing of conventional wires include silver, platinum, copper, iron, gold, and aluminum.

Technavio’s analysts forecast the global winding wire market to grow at a CAGR of 4.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global winding wire market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Winding Wire Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ELSEWEDY ELECTRIC
  • General Cable Technologies
  • Sumitomo Electric Industries
  • Superior Essex
Other prominent vendors
  • FE Magnet Wire (Malaysia)
  • G.K. Winding Wires
  • LWW Group
  • Polycab
  • Rea
  • SYNFLEX
  • Vimlesh Industries
Market driver
  • Growth in use of alternative energy sources
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in raw material prices
  • For a full, detailed list, view our report
Market trend
  • Rise in smart grid infrastructure
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Winding Wire Market 2017-2021

Technavio recognizes the following companies as the key players in the global winding wire market: ELSEWEDY ELECTRIC, General Cable Technologies, Sumitomo Electric Industries, and Superior Essex.

Other Prominent Vendors in the market are: FE Magnet Wire (Malaysia), G.K. Winding Wires, LWW Group, Polycab, Rea, SYNFLEX, and Vimlesh Industries.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise in smart grid infrastructure. The economy, health and safety, and national security of any nation depend on the reliable delivery of electricity. The electricity grid is not just about power generation and transmission. It also includes an ecosystem of service providers, manufacturers, asset owners, and government officials at the local, state, and federal levels working together to run a reliable electrical grid. The development of smart grids across the globe is leading to the adoption of new metering technologies, better power protection measures, and use of efficient appliances.”

According to the report, one of the major drivers for this market is Growth in use of alternative energy sources. Growing environmental awareness is leading to the increase in investments in renewables. In 2015, despite the fluctuating exchange rates and fall in oil and gas prices, these investments witnessed growth. According to the Eurostat the production from renewables in the EU in 2015 was around 205 million toe (tonnes of oil equivalent), which was over 26% of the region's total primary energy production.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in raw material prices. The primary raw materials used in winding wires are copper and aluminum. All winding wire vendors incur a major part of their manufacturing cost on the acquisition of these raw materials. The cost of copper and aluminum metals account for roughly 50% of the total production cost. Volatility in the prices of aluminum and copper along with other necessary raw materials, including energy and fuel, lead to significant volatility in the cost of production for winding wire manufacturers.

Companies Mentioned

ELSEWEDY ELECTRIC, General Cable Technologies, Sumitomo Electric Industries, Superior Essex, FE Magnet Wire (Malaysia), G.K. Winding Wires, LWW Group, Polycab, Rea, SYNFLEX, and Vimlesh Industries.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global winding wire market overview
    • Market size and forecast
      • Table Global winding wire market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global winding wire market by product segment
      • Table Global winding wire market by product segment 2016 and 2021 (%)
      • Table Global winding wire market 2016-2021 ($ billions)
    • Global copper winding wire market
      • Table Global copper winding wire market 2016-2021 ($ billions)
    • Global aluminum winding wire market
      • Table Global aluminum winding wire market 2016-2021 ($ billions)
  • Geographical segmentation
    • Global winding wire market by geography
      • Table Global winding wire market by geography for 2016 and 2021 (%)
      • Table Global winding wire market by geography 2016-2021 ($ billions)
    • Winding wire market in APAC
      • Table Winding wire market in APAC 2016-2021 ($ billions)
    • Winding wire market in EMEA
      • Table Winding wire market in EMEA 2016-2021 ($ billions)
    • Winding wire market in Americas
      • Table Winding wire market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Factors affecting economic slowdown in China
  • Market trends
    • Rise in smart grid infrastructure
    • Increasing use of submersible winding wires
    • Growth of T&D infrastructure
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ELSEWEDY ELECTRIC
      • Table ELSEWEDY ELECTRIC: Product portfolio
      • Table ELSEWEDY ELECTRIC: Wires and cables
      • Table ELSEWEDY ELECTRIC: Key news
    • General Cable Technologies
      • Table General Cable Technologies: Industries served
      • Table General Cable Technologies: Winding wire product portfolio
      • Table General Cable Technologies: Key news
    • Sumitomo Electric Industries
      • Table Sumitomo Electric Industries: Industries served
      • Table Sumitomo Electric Industries: Key vendor offerings
      • Table Sumitomo Electric Industries: Key news
    • Superior Essex
      • Table Superior Essex: Product portfolio
      • Table Superior Essex: Key vendor offerings
      • Table Superior Essex: Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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