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Automotive Magnet Wire Market to Touch USD 6,991.12 Million by 2030

Automotive Magnet Wire Market Research Report Information By Type (Copper Wire, Aluminium Wire), By Product Type (Enamelled Wire, Covered Conductor Wire) by Material (Polyamide-Imide (PAI), Polyimides (PI), Polyetherimide (PEI), Polyether Ether Ketone (PEEK), and Others) By Application (Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Locks, Seating, and Others) And By Region (North America, Europe, Asia-Pacific, Latin America And Middle East & Africa) - Forecast Till 2030

Rectangular Enameled Wire Market that aims to define the market size of different segments in previous years and to forecast the values to the next five years. The report entails a comprehensive database on market estimation based on historical data analysis. The report emphasizes knowledge-based information on both qualify qualitative and quantitative aspects of the industry. It covers the new players entering the global Rectangular Enameled Wire market. It focuses on primary and secondary drivers, market share, leading segments, and regional analysis. Then the report demonstrates detailed information about the crucial aspects such as drivers and restraining factors which will show the future growth of the market.

New York (US), July 18, 2023 (GLOBE NEWSWIRE) -- Automotive Magnet Wire Market Overview

According to a Comprehensive Report by Market Research Future (MRFR), “Automotive Magnet Wire Market Information by Type, Form, Resin Application, End-Use Industry, and Region - Forecast till 2032", The automotive magnet wire market will be reaching USD 6,991.12 million by 2030, at a rate of 4.40% between 2022 and 2030.

Market Synopsis
An insulated aluminum or copper conductor called magnet wire is used to wind transformers, motors, generators, and other electrical equipment that converts electrical energy into mechanical energy. Enameled wire (coating insulation) covered conductor wire (fiber/film insulation), and combinations make up the broad categories of magnet wires.

When magnet wire is twisted into a coil and powered, the proper electromagnetic field is produced. Electricity is essentially useless without magnet wire. Magnet wire is required for the alteration of over 90% of all electrical energy before it may be useful. In order of increasing the temperature range, magnet wire uses insulating films such as polyvinyl formal, polyurethane, polyamide, polyester, polyester-polyimide, and others.

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Market Competitive Landscape:
The major automotive magnet wire manufacturers in the market are
MWS Wire Industries (MWS)
Superior Essex Inc.
Elektrisola Dr. Gerd Schildbach GmbH & Co KG
Tongling Jingda Special Magnet Wire Co. Ltd
Proterial Ltd
Among others.

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