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The enamelled flat wire is a type of coated wire of a rectangular shaped conductor material with an R angle. It is depicted by the tapered side value, the width of the conductor, heat resistance grade, thickness, and type of the coating film. The conductor used is mostly copper, copper alloy or copper clad aluminium (CCA). Compared with the round wire, the flat wire has unique advantages and characteristics and therefore is employed in many fields.
The increasing demand automobiles, construction and other end-use sectors are likely to foster the market growth for the flat enameled wires market. Additionally, the increasing usage of motors, transformers, filters, inductors, speakers, generators, and other electric circuit components of heavy machines and in various electronic equipment are creating positive impact on the market growth.
However, volatility in the prices of the key raw materials like copper and copper alloy is likely to restrain the market growth.
Key Market Driver -
Increasing demand from electronics, construction, and automobile sectors.
Key Market Restraint -
Fluctuations in the prices of copper and copper alloys.
Based on type, the market is segmented into Copper, Copper alloy, Copper Cad Aluminum. Based on application, the market is segmented into transformers, filter, motor, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global flat enameled wires market share is fragmented and competitive and consists of global & regional players. Some of the key players operating in the market are Mitsubishi Electric Wire Co., Ltd, Jiateng Electric (Zhangzhou) Co., Ltd., Shanghai Yayang Electric Co., Ltd. , Furukawa Electric , Dazhan Wire & Cable Co., Ltd , Guangdong Rongsheng Super Micro Wire Co., Ltd. , Jiangmen Jianghai Xianghui Electrical Material Co., Ltd. and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to dominate the market for flat enameled wires attributed to the huge number of manufacturing companies in the region. Moreover, the technological advancements in countries like Japan, China, South Korea, Taiwan, and India is expected to drive the market. The North America is expected to show significant growth due to the high demand from electronic sector. European regions are expected to show moderate growth accredited to the use of heavy machineries, motors, generators, and other equipment in automobile industries. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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