Global Winding Wire Market: 2019-2023 Outlook - Increasing Focus on Energy-Efficient Winding Wires.
M2 PRESSWIRE-September 2, 2019-: Global Winding Wire Market: 2019-2023 Outlook - Increasing Focus on Energy-Efficient Winding Wires(C)1994-2019 M2 COMMUNICATIONS
RDATE:02092019
The "Winding Wire Market by Product and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The winding wire market analysis considers sales from both copper and aluminum winding wires. The 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, the 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.
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.
Competitive Landscape
With the presence of several major players, the global winding wire market is fragmented. The 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 S.P.A.
- 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.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
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
- 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 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
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 S.P.A.
- Sumitomo Electric Industries Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/yzjwvx
CONTACT:
ResearchAndMarkets.com,
Laura Wood, Senior Press Manager
press@researchandmarkets.com
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.m2.com on the world wide web. Inquiries to info@m2.com)).
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| Publication: | M2 Presswire |
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| Date: | Sep 2, 2019 |
| Words: | 783 |
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