Product Code: IRTNTR31889
About this market
Technavio's winding wire market analysis considers sales from both copper and aluminum winding wires. Our 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, our 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.
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.
For the detailed list of factors that will drive the global winding wire market during the forecast period 2019-2023, view our report.
Competitive Landscape
With the presence of several major players, the global winding wire market is fragmented. Technavio's 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.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Copper - Market size and forecast 2018-2023
- Aluminum - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing focus on energy-efficient winding wires
- Investments in S&D network by wire and cable manufacturers to increase
- market share
- Increasing share of aluminum wire in global winding wire market
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- EL Sewedy Electric Co.
- Furukawa Electric Co. Ltd.
- LS Cable & System Ltd.
- Prysmian Spa
- Sumitomo Electric Industries Ltd.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
LIST OF EXHIBITS:
- Exhibit 01: Product overview
- Exhibit 02: Global electrical equipment market
- Exhibit 03: Segments of global electrical equipment market
- Exhibit 04: Market characteristics
- Exhibit 05: Market segments
- Exhibit 06: Market definition - Inclusions and exclusions checklist
- Exhibit 07: Market size 2018
- Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
- Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
- Exhibit 10: Five forces analysis 2018
- Exhibit 11: Five forces analysis 2023
- Exhibit 12: Bargaining power of buyers
- Exhibit 13: Bargaining power of suppliers
- Exhibit 14: Threat of new entrants
- Exhibit 15: Threat of substitutes
- Exhibit 16: Threat of rivalry
- Exhibit 17: Market condition - Five forces 2018
- Exhibit 18: Product - Market share 2018-2023 (%)
- Exhibit 19: Comparison by product
- Exhibit 20: Copper - Market size and forecast 2018-2023 ($ millions)
- Exhibit 21: Copper - Year-over-year growth 2019-2023 (%)
- Exhibit 22: Aluminum - Market size and forecast 2018-2023 ($ millions)
- Exhibit 23: Aluminum - Year-over-year growth 2019-2023 (%)
- Exhibit 24: Market opportunity by product
- Exhibit 25: Customer landscape
- Exhibit 26: Market share by geography 2018-2023 (%)
- Exhibit 27: Geographic comparison
- Exhibit 28: APAC - Market size and forecast 2018-2023 ($ millions)
- Exhibit 29: APAC - Year-over-year growth 2019-2023 (%)
- Exhibit 30: Europe - Market size and forecast 2018-2023 ($ millions)
- Exhibit 31: Europe - Year-over-year growth 2019-2023 (%)
- Exhibit 32: North America - Market size and forecast 2018-2023 ($ millions)
- Exhibit 33: North America - Year-over-year growth 2019-2023 (%)
- Exhibit 34: MEA - Market size and forecast 2018-2023 ($ millions)
- Exhibit 35: MEA - Year-over-year growth 2019-2023 (%)
- Exhibit 36: South America - Market size and forecast 2018-2023 ($ millions)
- Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
- Exhibit 38: Key leading countries
- Exhibit 39: Market opportunity
- Exhibit 40: Impact of drivers and challenges
- Exhibit 41: Vendor landscape
- Exhibit 42: Landscape disruption
- Exhibit 43: Vendors covered
- Exhibit 44: Vendor classification
- Exhibit 45: Market positioning of vendors
- Exhibit 46: EL Sewedy Electric Co. - Vendor overview
- Exhibit 47: EL Sewedy Electric Co. - Product segments
- Exhibit 48: EL Sewedy Electric Co. - Organizational developments
- Exhibit 49: EL Sewedy Electric Co. - Segment focus
- Exhibit 50: EL Sewedy Electric Co. - Key offerings
- Exhibit 51: Furukawa Electric Co. Ltd. - Vendor overview
- Exhibit 52: Furukawa Electric Co. Ltd. - Business segments
- Exhibit 53: Furukawa Electric Co. Ltd. - Organizational developments
- Exhibit 54: Furukawa Electric Co. Ltd. - Geographic focus
- Exhibit 55: Furukawa Electric Co. Ltd. - Segment focus
- Exhibit 56: Furukawa Electric Co. Ltd. - Key offerings
- Exhibit 57: LS Cable & System Ltd. - Vendor overview
- Exhibit 58: LS Cable & System Ltd. - Product segments
- Exhibit 59: LS Cable & System Ltd. - Organizational developments
- Exhibit 60: LS Cable & System Ltd. - Key offerings
- Exhibit 61: Prysmian Spa - Vendor overview
- Exhibit 62: Prysmian Spa - Business segments
- Exhibit 63: Prysmian Spa - Organizational developments
- Exhibit 64: Prysmian Spa - Geographic focus
- Exhibit 65: Prysmian Spa - Segment focus
- Exhibit 66: Prysmian Spa - Key offerings
- Exhibit 67: Sumitomo Electric Industries Ltd. - Vendor overview
- Exhibit 68: Sumitomo Electric Industries Ltd. - Business segments
- Exhibit 69: Sumitomo Electric Industries Ltd. - Organizational developments
- Exhibit 70: Sumitomo Electric Industries Ltd. - Geographic focus
- Exhibit 71: Sumitomo Electric Industries Ltd. - Segment focus
- Exhibit 72: Sumitomo Electric Industries Ltd. - Key offerings
- Exhibit 73: Validation techniques employed for market sizing
- Exhibit 74: Definition of market positioning of vendors
