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Magnet Wire Market Worth $36.8 Billion by 2024 - Exclusive Report by MarketsandMarkets™CHICAGO, March 11, 2019 /PRNewswire/ -- According to the new research report "Magnet Wire Market by Type (Copper, Aluminum), Shape (Round, Rectangle, Square), Application (Motor, Home Appliance, Transformer), End-Use Industry (Electrical & Electronics, Industrial, Transportation, Infrastructure), Region - Global Forecast to 2024", published by MarketsandMarkets™, the Magnet Wire Market size is expected to grow from USD 30.1 billion in 2019 to USD 36.8 billion by 2024, at a CAGR of 4.1%. The Magnet Wire Market is witnessing significant growth because of the growing demand from transportation, electrical & electronics, and industrial sectors.  Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=61725229 Browse in-depth TOC on "Magnet Wire Market" 72 – Tables 46 – Figures 119 – Pages View detailed Table of Content here: https://www.marketsandmarkets.com/Market-Reports/magnet-wire-market-61725229.html The electrical & electronics end-use segment accounted for the largest share of the Magnet Wire Market in 2019. Electrical & electronics industry is the largest consumer of magnet wire. Magnet wires are used in the form of coil in products, such as fans, trimmers, toys, inverters, air conditioners, and other consumer electronics in the electrical & electronics industry. The increasing usage of household appliances across various regions is augmenting the demand for magnet wire in the electrical & electronics industry. Motor is the biggest application of magnet wire. Motor is the biggest application of magnet wire. The demand for magnet wire in motor application is driven by the growing consumption in the transportation industry. The consumption of magnet wire in motor application is witnessing high growt in the automotive sector. Growing penetration of electric vehicles across the globe is the key driver for the growing consumption of magnet wire in the automotive industry. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=61725229 APAC is expected to be the largest market for magnet wire during the forecast period. APAC is the largest Magnet Wire Market and is expected to remain the same during the forecast period. China, India, and Japan are the major economies that contribute to the growth of the market in the region. The growing transportation and electrical & electronics industries is bolstering the market for magnet wire in the region. The major players in the Magnet Wire Market include LS Cable & System (South Korea), Elektrisola (Germany), REA Magnet Wire (US), Sumitomo Electric Industries, Ltd. (Japan), Samdong Co., Ltd. (South Korea), LWW Group (Sweden), IRCE S.p.A. (Italy), Tongling Jingda Special Magnet Wire Co., Ltd. (China), Furukawa Electric Co., Ltd. (Japan), and Fujikura Ltd. (Japan). Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=61725229 Browse Adjacent Markets: Mining, Minerals and Metals Market Research Reports & Consulting Related Reports: Circuit Materials Market by Material Class (Substrate, Conducting Material, Outer Layer), Substrate (Fiberglass Epoxy, Paper-Phenolic), Conducting Material (Copper), Outer Layer (LIPSM, Dry Film Photoimageable), Application, Region - Global Forecast 2023 Soft Magnetic Materials Market by Material Type (Soft Ferrite, Electrical Steel, Cobalt), Application (Motor, Transformer, Alternator), End User Industry (Automotive, Electronics & Telecommunications, Electrical) - Global Forecast to 2026 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. 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