Summary

Enameled Wire and Cable Market Overview

The enameled wire and cable market was valued at $20.56 billion in 2022, and it is expected to grow at a CAGR of 7.93% and reach $46.07 billion by 2032. A primary driver behind the expansion of the enameled wire and cable market is the increasing demand for energy-efficient solutions. Enameled wires and cables play a significant role in the production of high-efficiency electrical components, such as electric motors and transformers, contributing to the reduction of energy losses.

The enameled wire and cable market serves a crucial function in diverse industries by providing essential components for electrical systems and devices. Enameled wire, or magnet wire, consists of copper or aluminum wires coated with a thin layer of insulating material, typically enamel. This insulation prevents electrical leakage and enhances conductivity, making enameled wire pivotal in applications such as motors, transformers, inductors, automotive components, and various electronic devices. A key driver for market growth is the escalating demand for energy-efficient solutions. Enameled wires and cables play a significant role in producing high-efficiency electrical components such as electric motors and transformers, contributing to the reduction of energy losses and aligning with the growing emphasis on sustainability.

The automotive industry emerged as a significant consumer of enameled wire and cable, propelling market expansion. The increasing electrification of vehicles, including electric and hybrid models, creates a heightened demand for enameled wires in electric motors and other automotive electrical systems. The lightweight and high-performance characteristics of enameled wires and cables make them well-suited for these applications, fostering market growth amid the automotive industry's shift toward electric mobility. Additionally, the market benefits from advancements in electronic devices and appliances, where enameled wires play a vital role in ensuring reliable electrical connections within confined spaces. This trend is driven by the ongoing miniaturization of electronics and the demand for compact, efficient components in various consumer electronics, contributing to the ubiquity of electronic devices and sustaining the demand for enameled wire and cable.

The renewable energy sector further contributes to the market's growth, particularly in the manufacturing of generators and wind turbines. Enameled wires and cables find application in the winding of coils and transformers in these renewable energy applications, enhancing system efficiency and reliability. With a global focus on clean energy solutions, the demand for enameled wires in renewable energy infrastructure is expected to continue its upward trajectory. However, the market faces challenges such as fluctuating raw material prices and environmental regulations regarding the disposal of enameling materials. Despite these challenges, the enameled wire and cable industry is poised for sustained growth as industries prioritize efficiency and sustainability in their electrical systems.

Impact:

Enameled wires and cables are crucial for electrical systems, serving motors, transformers, and electronics. The market is expected to witness substantial growth, fueled by demand for energy-efficient solutions, the electrification of vehicles, advancements in electronic devices, and the expanding renewable energy sector. This underscores their vital role in modern, sustainable electrical infrastructure.

Market Segmentation:

Segmentation 1: by Region
• North America
• Europe
• Asia-Pacific and Japan
• Middle East and Africa
• Rest-of-the-World

The Asia-Pacific and Japan region is experiencing substantial growth in the enameled wire and cable market, propelled by rapid industrialization, infrastructure development, and the rising adoption of electric vehicles. With these economies advancing, there is an increased demand for energy-efficient solutions across sectors such as automotive, electronics, and renewable energy. Enameled wires and cables play a crucial role in electric motors and transformers and are indispensable components in these expanding industries. Additionally, the region's dedication to technological advancements and sustainable practices further contributes to the growing demand for enameled wire and cable solutions, positioning it as a pivotal player in the evolving landscape of electrical systems.

Recent Developments in the Enameled Wire and Cable Market

• In September 2020, Bruker-Spaleck launched the flat enameled microwires product group, which featured weight savings of up to 10%, space savings of approximately 8%, an 8% increase in the copper filling factor, and the possibility to implement additional heat conduction properties.

Demand - Drivers and Limitations

Following are the demand drivers for the enameled wire and cable market:

• Increase in Use of Industrial Automation and Robotics
• Rise of Industrial Revolution 4.0
• Increase in Sales of Electric Vehicles

Following are the limitations of the enameled wire and cable market:

• Fluctuations in Raw Material Prices
• Limited Availability of Sustainable Materials and its Related Standardization Challenges

How can this report add value to an organization?

Product/Innovation Strategy: The product strategy helps the readers understand the different aftermarket solutions provided by the industry participants.

Growth/Marketing Strategy: The enameled wire and cable market is growing at a significant pace and holds enormous opportunities for market players. Some of the strategies covered in this segment are product launches, partnerships, collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the global enameled wire and cable market.

Competitive Strategy: The key players in the enameled wire and cable market analyzed and profiled in the study include enameled wire and cable manufacturers, raw material suppliers, and wholesalers and distributors. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and regional presence.

Some of the prominent names in this market are:

• Fujikura Ltd.
• Furukawa Electric Co., Ltd.
• LEONI AG
• LS Cable & System Ltd.
• Southwire Company, LLC
• Sumitomo Electric Industries, Ltd.
• RS Components Ltd
• R R Kabel Ltd.
• Murrelektronik GmbH

Other related companies in the enameled wire and cable ecosystem are:

• Superior Essex Inc.
• Rea Magnet Wire Company Inc.
• MWS Wire Industries
• General Cable Corporation
• Luvata Group

Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

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Table of Contents

Executive Summary
Scope of the Study
1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Increase in Use of Renewable Energy
1.1.1.2 Increase in Government Initiatives and Regulations
1.1.1.3 Increase in Digitalization and Smart Manufacturing
1.1.1.4 Increase in Demand for Customization and Specialized Applications
1.1.2 Supply Chain Analysis
1.1.2.1 Sourcing Raw Material
1.1.2.2 Production
1.1.2.3 Transportation
1.1.2.4 Product Customization
1.1.2.5 End User
1.2 Ecosystem/Ongoing Programs
1.2.1 Regulatory Bodies
1.2.2 Government Programs
1.2.3 Programs by Research Institutions and Universities
1.2.4 Sustainable Initiatives of Key Players
1.3 Business Dynamics
1.3.1 Business Drivers
1.3.1.1 Increase in Use of Industrial Automation and Robotics
1.3.1.2 Increase in Sales of Electric Vehicles
1.3.1.3 Rise of Industrial Revolution 4.0
1.3.2 Business Challenges
1.3.2.1 Fluctuations in Raw Material Prices
1.3.2.2 Limited Availability of Sustainable Materials and its Related Standardization Challenges
1.3.3 Business Opportunities
1.3.3.1 Increasing Demand for Deployment of Sustainable Technologies
1.3.3.2 Miniaturization and Weight Reduction
2 Region
2.1 North America
2.1.1 Market
2.1.1.1 Key Manufacturers/Suppliers in North America
2.1.1.2 Business Challenges
2.1.1.3 Business Drivers
2.1.1.4 North America Enameled Wire and Cable Market, Volume and Value Data
2.1.2 North America: Country-Level Analysis
2.1.2.1 North America Enameled Wire and Cable Market, Volume and Value Data
2.2 Europe
2.2.1 Markets
2.2.1.1 Key Manufacturers/Suppliers in Europe
2.2.1.2 Business Challenges
2.2.1.3 Business Drivers
2.2.1.4 Europe Enameled Wire and Cable Market, Volume and Value Data
2.2.2 Europe: Country-Level Analysis
2.2.2.1 Europe Enameled Wire and Cable Market, Volume and Value Data
2.3 Asia-Pacific and Japan
2.3.1 Markets
2.3.1.1 Key Manufacturers/Suppliers in Asia-Pacific and Japan
2.3.1.2 Business Challenges
2.3.1.3 Business Drivers
2.3.1.4 Asia-Pacific and Japan Enameled Wire and Cable Market, Volume and Value Data
2.3.2 Asia-Pacific and Japan: Country-Level Analysis
2.3.2.1 Asia-Pacific and Japan Enameled Wire and Cable Market, Volume and Value Data
2.4 Middle East and Africa
2.4.1 Markets
2.4.1.1 Key Manufacturers/Suppliers in Middle East and Africa
2.4.1.2 Business Challenges
2.4.1.3 Business Drivers
2.4.1.4 Middle East and Africa Enameled Wire and Cable Market, Volume and Value Data
2.4.2 Middle East and Africa: Country-Level Analysis
2.4.2.1 Middle East and Africa Enameled Wire and Cable Market, Volume and Value Data
2.5 Rest-of-the-World
2.5.1 Markets
2.5.1.1 Key Manufacturers/Suppliers in Rest-of-the-World
2.5.1.2 Business Challenges
2.5.1.3 Business Drivers
2.5.1.4 Rest-of-the-World Enameled Wire and Cable Market, Volume and Value Data
3 Markets - Company Profiles
3.1 Company Profiles
3.1.1 Fujikura Ltd.
3.1.1.1 Company Overview
3.1.1.1.1 Role of Fujikura Ltd. in the Wire and Cable Market
3.1.1.1.2 Product Portfolio
3.1.1.1.3 Production Sites
3.1.1.2 Business Strategies
3.1.1.2.1 Fujikura Ltd.: Product Development
3.1.1.3 R&D Analysis
3.1.1.4 Analyst View
3.1.2 Furukawa Electric Co., Ltd.
3.1.2.1 Company Overview
3.1.2.1.1 Role of Furukawa Electric Co., Ltd. in the Wire and Cable Market
3.1.2.1.2 Product Portfolio
3.1.2.1.3 Production Sites
3.1.2.2 Corporate Strategies
3.1.2.2.1 Furukawa Electric Co., Ltd.: Sponsorships and Social Engagements
3.1.2.3 Analyst View
3.1.3 LEONI AG
3.1.3.1 Company Overview
3.1.3.1.1 Role of LEONI AG in the Wire and Cable Market
3.1.3.1.2 Product Portfolio
3.1.3.2 Business Strategies
3.1.3.2.1 LEONI AG: Product Development
3.1.3.2.2 LEONI AG: Market Development
3.1.3.3 Corporate Strategies
3.1.3.3.1 LEONI AG: Mergers and Acquisitions
3.1.3.4 R&D Analysis
3.1.3.5 Analyst View
3.1.4 LS Cable & System Ltd.
3.1.4.1 Company Overview
3.1.4.1.1 Role of LS Cable & System Ltd. in the Wire and Cable Market
3.1.4.1.2 Product Portfolio
3.1.4.1.3 Production Sites
3.1.4.2 Business Strategies
3.1.4.2.1 LS Cable & System Ltd.: Product Development
3.1.4.2.2 LS Cable & System Ltd.: Market Development
3.1.4.3 Corporate Strategies
3.1.4.3.1 LS Cable & System Ltd.: Mergers and Acquisitions
3.1.4.3.2 LS Cable & System Ltd.: Sponsorships and Social Engagements
3.1.4.4 R&D Analysis
3.1.4.5 Analyst View
3.1.5 Southwire Company, LLC
3.1.5.1 Company Overview
3.1.5.1.1 Role of Southwire Company, LLC in the Wire and Cable Market
3.1.5.1.2 Product Portfolio
3.1.5.1.3 Production Sites
3.1.5.2 Business Strategies
3.1.5.2.1 Southwire Company, LLC: Market Development
3.1.5.3 Corporate Strategies
3.1.5.3.1 Southwire Company, LLC: Partnerships and Joint Ventures
3.1.5.3.2 Southwire Company, LLC: Sponsorships and Social Engagements
3.1.5.4 Analyst View
3.1.6 Sumitomo Electric Industries, Ltd.
3.1.6.1 Company Overview
3.1.6.1.1 Role of Sumitomo Electric Industries, Ltd. in the Wire and Cable Market
3.1.6.1.2 Product Portfolio
3.1.6.1.3 Production Sites
3.1.6.2 Business Strategies
3.1.6.2.1 Sumitomo Electric Industries, Ltd.: Product Development
3.1.6.3 Corporate Strategies
3.1.6.3.1 Sumitomo Electric Industries, Ltd.: Partnerships and Joint Ventures
3.1.6.3.2 Sumitomo Electric Industries, Ltd.: Collaborations and Alliances
3.1.6.4 R&D Analysis
3.1.6.5 Analyst View
3.1.7 RS Components Ltd
3.1.7.1 Company Overview
3.1.7.1.1 Role of RS Components Ltd in the Wire and Cable Market
3.1.7.1.2 Product Portfolio
3.1.7.2 Corporate Strategies
3.1.7.2.1 RS Components Ltd: Mergers and Acquisitions
3.1.7.2.2 RS Components Ltd: Partnerships and Joint Ventures
3.1.7.3 Analyst View
3.1.8 R R Kabel Ltd.
3.1.8.1 Company Overview
3.1.8.1.1 Role of R R Kabel Ltd. in the Wire and Cable Market
3.1.8.1.2 Product Portfolio
3.1.8.1.3 Production Sites
3.1.8.2 Corporate Strategies
3.1.8.2.1 R R Kabel Ltd.: Partnerships and Joint Ventures
3.1.8.2.2 R R Kabel Ltd.: Sponsorships and Social Engagements
3.1.8.3 R&D Analysis
3.1.8.4 Analyst View
3.1.9 Murrelektronik GmbH
3.1.9.1 Company Overview
3.1.9.1.1 Role of Murrelektronik GmbH in the Wire and Cable Market
3.1.9.1.2 Product Portfolio
3.1.9.1.3 Production Sites
3.1.9.2 Corporate Strategies
3.1.9.2.1 Murrelektronik GmbH: Partnerships and Joint Ventures
3.1.9.3 Analyst View
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
4.2.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Enameled Wire and Cable Market, $Billion, 2022-2032
Figure 2: Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Figure 3: Global Enameled Wire and Cable Market (by Region), $Billion, 2022
Figure 4: Global Enameled Wire and Cable Market (by Region), Thousand Tons, 2022
Figure 5: Enameled Wire and Cable Market (by Region)
Figure 6: Enameled Wire and Cable Market (by Country)
Figure 7: Amount of Renewable Electricity Capacity Additions, Gigawatt (GW), 2010-2027
Figure 8: Enameled Wire and Cable Supply Chain
Figure 9: Factors that Influence Production of Enameled Wires and Cables
Figure 10: Business Dynamics for the Enameled Wire and Cable Market
Figure 11: Annual Shipments of Industrial Robots, Thousand Units Units, 2012-2021
Figure 12: Total Number of EVs Sold, Thousand Units, 2017-2022
Figure 13: Different Industrial Revolutions
Figure 14: Raw Copper and Aluminum Pricing, $/Metric Ton, July 2019-July 2023
Figure 15: Challenges in Sustainable Product Development
Figure 16: North America Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Figure 17: North America Enameled Wire and Cable Market, $Billion, 2022-2032
Figure 18: Europe Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Figure 19: Europe Enameled Wire and Cable Market, $Billion, 2022-2032
Figure 20: Asia-Pacific and Japan Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Figure 21: Asia-Pacific and Japan Enameled Wire and Cable Market, $Billion, 2022-2032
Figure 22: Middle East and Africa Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Figure 23: Middle East and Africa Enameled Wire and Cable Market, $Billion, 2022-2032
Figure 24: Rest-of-the-World Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Figure 25: Rest-of-the-World Enameled Wire and Cable Market, $Billion, 2022-2032
Figure 26: Fujikura Ltd.: R&D Expenditure, $Million, 2020-2022
Figure 27: LEONI AG: R&D Expenditure, $Million, 2020-2022
Figure 28: LS Cable & System Ltd.: R&D Expenditure, $Million, 2020-2022
Figure 29: Sumitomo Electric Industries, Ltd.: R&D Expenditure, $Billion, 2020-2022
Figure 30: R R Kabel Ltd.: R&D Expenditure, $Thousand, 2020-2022
Figure 31: Data Triangulation
Figure 32: Top-Down and Bottom-Up Approach
List of Tables
Table 1: List of Regulatory Bodies
Table 2: List of Government Programs
Table 3: Programs by Research Institutions and Universities
Table 4: Sustainable Initiatives of Key Players
Table 5: North America Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Table 6: North America Enameled Wire and Cable Market, $Million, 2022-2032
Table 7: Europe Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Table 8: Europe Enameled Wire and Cable Market, $Million, 2022-2032
Table 9: Asia-Pacific and Japan Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Table 10: Asia-Pacific and Japan Enameled Wire and Cable Market, $Million, 2022-2032
Table 11: Middle East and Africa Enameled Wire and Cable Market, Thousand Tons, 2022-2032
Table 12: Middle East and Africa Enameled Wire and Cable Market, $Million, 2022-2032

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