Sign in
Stories
Growing Demand for Magnet Wires
Share
Automotive Connector and Cable Market Gr...
Growing Markets: Automotive Magnet Wire ...
Advanced Magnetic Materials Market Outlo...
Automotive Magnet Wire Market Set to Rea...
Automotive Solenoid Global Market Report...
Overview
API
The automotive magnet wire market is projected to reach USD 6,991.12 million by 2030, driven by the increasing demand for electric vehicles and the need for magnet wires in their motors. The global copper magnetic wire market is projected to reach $39.04 billion by 2031, fueled by rising industrialization and demand for electricity, as well as the increase in demand for electric vehicles. However, fluctuating copper costs and the availability of alternate materials may hinder market growth.
Ask a question
How might the growth of the automotive and copper magnetic wire markets influence the broader technology and manufacturing sectors?
How might the projected growth in the automotive magnet wire market impact the electric vehicle industry?
What strategies can companies in the copper magnetic wire market employ to mitigate the impact of fluctuating copper costs?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Apr 2023
May 2023
Jun 2023
Jul 2023
Coverage