Altra Tech. Incorporated 益瑞電子股份有限公司 - Blog , Market InsightAltra Tech. Incorporated 益瑞電子股份有限公司 - Blog , Market Insighthttps://www.altra.net/blogs/market-insightWed, 15 Apr 2026 00:54:37 -0700http://zoho.com/sites/<![CDATA[The global magnet wire market size is projected to grow at a CAGR of 5.0% between 2021 and 2026]]>https://www.altra.net/blogs/post/global-magnet-wire-grow-2022

The global magnet wire market size is projected to grow from USD 32.7 billion in 2021 to USD 41.8 billion by 2026, at a CAGR of 5.0% between 2021 and 2026

Source: GlobeNewswire


The increasing market of electric vehicles is expected to enhance the demand for magnet wires in the transportation industry. The demand for magnet wire from the electrical & electronics industry is expected to increase due advancements in this sector.


New York, March 28, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Magnet Wire Market by Type, Shape, Application, End-Use Industry, Region - Global Forecast to 2026" - https://www.reportlinker.com/p05754139/?utm_source=GNW
On the other hand, the fluctuating cost of raw materials is a major factor inhibiting the market growth. The raw materials required are mainly copper, and aluminum. The price of magnet wires may vary depending on the type, availability, and quality of raw materials available from the smelters. Sourcing high-quality copper and aluminum as raw materials has become difficult due to decrease in production from mines as the prices have gone too low since the outbreak of the pandemic. This situation is leading to rise in demand for quality raw materials to be sourced, in turn increasing the demand for high-quality magnet wires.
Magnet wires are aluminum or copper wires which are insulated with various enamels and coatings. Depending on the application areas, polyamideimide, polyester, polyester(imide), polyurethane, mica, or fiberglass yarn is used as the insulation material.

These insulation materials provide the magnet wires with properties such as heat and moisture resistance and offer excellent dielectric strength and thermal resistance.
The COVID-19 outbreak drastically affected the magnet wire market, due to which many manufacturers had to put their production on hold.Disruption in the supply chain caused by COVID-19 severely affected the business in key markets globally.

Forced by pandemic-influenced lockdown, the companies had to operate at reduced capacity. Post pandemic, the companies are increasing their production capacities to meet the market demands and are expected to be driven by various government policies on improving infrastructure and industrial sectors.

Aluminum magnet wires are the fastest-growing type of magnet wire market in terms of value.
Aluminum magnet wires are projected to register the highest CAGR in terms of value between 2021 and 2026.Aluminum magnet wires are used in applications for their various properties such as high mechanical strength, abrasion resistance, and high dielectric performance.

Aluminum magnet wires are inexpensive in comparison to copper magnet wires.They are lightweight in nature, which results in weight reduction of the coil.

These wires are preferred in transformer application in the power industry. Aluminum magnet wires are generally used in areas where the size of the equipment is not a constraint, since it would require 5–6 times larger cross-sectional area compared to copper magnet wires.

Round shaped magnet wires is the fastest-growing shape type of magnet wires, in terms of value.
The round shape segment is expected to record high growth during forecasted years.Round magnet wires are widely used for their extensive mechanical strength and their compact size windability, resistance to abrasion (as it has no edges), along with superior flexibility.

They find their application in electrical motors, generators, utility distribution transformers, and electrical coils in electronic gadgets.
Round magnet wires have very less tendency to get twisted and stranded compared to the rectangle and square magnet wires.This is one of the major reasons for their use as the twisted wires can lead to mechanical failures in various applications.

Another reason for the increased use of round-shaped magnet wire is their compaction.

Motor is the fastest-growing application of magnet wire, in terms of value.

Motors find their applications in various end-use industries such as transportation, industrial, and electronics. The consumption of magnet wire is expected to be driven by the growth in demand for electric vehicles, urbanization, and infrastructural and industrial developments around the globe.

Electric motor possesses the ability to convert electrical current into mechanical power.The motor uses magnet wires as winding coils due to their various properties such as insulation resistance, superior dielectric strength, and thermal resistance.

These properties make them suitable for manufacturing motors for various applications in the automotive industry such as door motor, ventilation motor, sun-roof motor, wiper motor, solenoids, seat adjustment motor, and other automotive parts. Motors are also used in various industrial purposes where rotational motion is needed.

Electrical & Electronics is the fastest-growing end-use industry of magnet wire, in terms of value.
The electrical & electronics industry is expected to grow at the highest CAGR during the forecast period.Electronics is the leading industry in the consumption of magnet wires.

Growth in urbanization around the globe, advancements in technology, and an increase in buying power of the population are the major reasons for the increase in consumption by the electronics segment.Developments in the industrial and transportation segments have a major impact on magnet wire consumption globally.

Post-pandemic incentives and industrial development policies of various governments are expected to have a positive impact on the magnet wire market.
As COVID-19 related restrictions are subsiding, the electrical & electronics market is starting to see an upturn. The recovering various end-use industries is boosting the demand for magnet wires across the world.

APAC is the fastest-growing magnet wire market.
APAC is the largest market for magnet wires.The major international players are exploring opportunities in the region owing to cheap labor, raw materials, and high demand from various end-use industries, such as electrical & electronics, industrial, transportation, infrastructure, and others.

However, COVID-19 affected the entire world disastrously, and APAC is one of the most affected regions, globally.The deadly virus has affected various major markets in APAC including China and India.

It forced the government to lock down the that resulted in slow down across various sectors, including industrial, and transportation in 2020.

]]>Thu, 05 May 2022 13:44:14 +0800<![CDATA[2021 SEMICON Taiwan Coming Soon!]]>https://www.altra.net/blogs/post/semicon-taiwan-20212021 SEMICON Taiwan is having exhibition on 12/28~12/30. SEMICON Taiwan is not just a platform that connects Taiwan and global microelectronics ecosyst ]]>

2021 SEMICON Taiwan is having exhibition on 12/28~12/30.

SEMICON Taiwan is not just a platform that connects Taiwan and global microelectronics ecosystems but also a bridge that facilitates smooth collaboration between the industry, the government, academia, and research institutions.

More Information on SEMICON Taiwan Official Website

Programs: Sep. 7, 2021 - Jan. 31, 2022

Exhibition: Dec. 28-30, 2021

Location: Taipei Nangang Exhibition Center, Hall 1

Register Now
]]>Fri, 24 Dec 2021 14:22:54 +0800<![CDATA[2021 Taitronics X AIoT Taiwan Exhibiting on December]]>https://www.altra.net/blogs/post/2021-taitronics Taitronics and AIoT Taiwan Exhibition is holding on this December!! Entering the 46th edition this year, TAITRONICS is the only profession ]]>

Taitronics and AIoT Taiwan Exhibition is holding on this December!!

Entering the 46th edition this year, TAITRONICS is the only professional electronic exhibition in Taiwan. Exhibition areas include electronic components and accessories, instruments, batteries and power supplies, motors, and automation equipment, presenting the complete electronic industry chain. With the advantages of Taiwan's ICT industry and AIoT Taiwan, these shows capture related technologies such as 5G network equipment, and smart application services, and implement IoT applications to realize smart application technology.


Online Show: December 10-23

Physical Show: December 21-23, 9am-5pm

Location: Taipei Nangang Exhibition Center, Hall 1

Register

Note:

  1. International visitors should pre-register on the official website.
  2. A confirmation letter will be sent by e-mail address.
  3. International visitors may use that confirmation letter for visitor's badge at the pre-registration counter.
  4. International visitors may also register on-site at the on-site registration counter at the showground.

Excerpted from Taitronics Official Website & Facebook Page 

]]>Tue, 14 Dec 2021 17:43:49 +0800<![CDATA[TPCA Show Taipei]]>https://www.altra.net/blogs/post/tpca-shows-taipei Due to global cencerns related to COVID-19, TPCA complies with the government's epidemic prevention regulations to ensure the health and ]]>

TPCA Show TAIPEI 2021 Schedule Postponed

Due to global cencerns related to COVID-19, TPCA complies with the government's epidemic prevention regulations to ensure the health and safety of all paticipants.

TPCA Show TAIPEI 2021, orginally scheduled for Oct.20-22, is officially postponed to a later date.


Exhibition Date: 12/21(Tue.)~12/23(Thur.)

Venue: Taipei Nangang Exhibition Center, Hall 1, Ground Floor(1F)


source : TPCA

]]>Wed, 08 Sep 2021 14:04:54 +0800<![CDATA[2021 CWIEME Shanghai]]>https://www.altra.net/blogs/post/cwieme-shanghai-2021-27-29-april

2021 CWIEME Shanghai

CWIEME Shanghai is APAC professional exhibition for coil winding, electric motor and transformer manufacturing suppliers to showcase their latest technologies, products, services and equipment and share successful application cases and solutions. It helps participant keep on top of emerging trends and industry developments and help build long-term, sustainable business relationships with local & worldwide partners. It’s where businesses from East and West meet in one convenient place, allowing you to connect with key influencers and decision makers.

Exhibition Dates

27th ~ 20rd Apr, 2021


Exhibition Venue

Shanghai World Expo Exhibition & Convention Centre


Official Website 

http://www.coilwindingexpo.cn/en

]]>Thu, 15 Apr 2021 17:40:23 +0800<![CDATA[2021 NEPCON China]]>https://www.altra.net/blogs/post/2021-NEPCON-China

2021 NEPCON China

NEPCON China 2021 (The 30th Presentation of NEPCON Microelectronics China 2021) will open from 21st to 23rd April, 2021 at the Shanghai World Expo Exhibition & Convention Centre. As a grand international gala for the electronics manufacturing industry, this upcoming exhibition will focus on showcasing equipment and technology in SMT, soldering and adhesive dispensing, testing and measurement, new electronics materials, and other related fields.

As we celebrate the 30th anniversary of NEPCON China, we are joining hands with IOTE 2021 to concurrently stage these two shows in Shanghai, bringing a complete facelift for NEPCON to the audience. The upcoming exhibition will attract some 700 exhibiting firms and brands to showcase cutting-edge products and innovative solutions to an expected influx of over 50,000 professional visitors coming from fast-growth sectors and fields such as consumer electronics, as well as 5G, telecommunication, smart home, IoT, automotive electronics, medtronics, semiconductor packaging, and digital manufacturing.

Exhibition Dates

21st ~ 23rd Apr, 2021


Exhibition Venue

Shanghai World Expo Exhibition & Convention Centre



Official Website 

https://www.nepconchina.com/en-gb.html

]]>Wed, 24 Feb 2021 17:00:18 +0800<![CDATA[Auto Chips Remain in Shortage 2021]]>https://www.altra.net/blogs/post/auto-chips-shortage-2021

Automotive Market Set to Recover in 2021, 
​While Auto Chips Remain in Shortage

TrendForce expects yearly vehicle sales to increase from 77 million units in 2020 to 84 million units in 2021. At the same time, the rising popularity of autonomous, connected, and electric vehicles is likely to lead to a massive consumption of various semiconductor components.


Automotive semiconductor products manufactured at the 28nm, 45nm, and 65nm nodes in 12-inch fabs are suffering the most severe shortage at the moment, while production capacities at 0.18µm and above nodes in 8-inch fabs have also been in long queue by other products.


As such, TSMC is currently considering allocating some of its production capacities from logic ICs to specialty foundry, in order to meet sudden demand from its long-term customer relationship.

Article By : TrendForce

Read More
]]>Fri, 29 Jan 2021 23:39:47 +0800<![CDATA[Daimler plan invest $85 billion in EVs]]>https://www.altra.net/blogs/post/daimler-invest-in-evs-for-the-year-2021-2025

E-Mobility News：Daimler announces massive new investments in EVs


Daimler, Mercedes-Benz’s parent company,  investment plan worth €70 billion ($85 billion USD) for the years 2021 through 2025.


"“With the Supervisory Board’s confidence in our strategic course, we will be able to invest more than €70 billion over the next five years. We want to push ahead faster in particular with electrification and digitization. In addition, we have agreed with the Works Council on a transformation fund. With this agreement, we are fulfilling our shared responsibility to actively shape the transformation of our company. Improving our profitability and targeted investment in Daimler’s future go hand in hand.”"

Source: Daimler via Electrek

]]>Fri, 29 Jan 2021 23:38:34 +0800<![CDATA[TAITRONICS 2021 Show]]>https://www.altra.net/blogs/post/taitronics-2021-show

TAITRONICS 2021 Show
include ​OPTO TAIWAN 2021,  Laser & Photonics Taiwan 2021 and TPCA Show 2021

Exhibition Dates & Hours

October 20th,10 a.m.–5 p.m.

October 21th,10 a.m.–5 p.m.

October 22nd,10 a.m.–4 p.m.


Exhibition Venue

Taipei Nangang Exhibition Center, Hall 1 (TaiNEX 1)


Official Website 

https://www.taitronics.tw/en/index.html

]]>Fri, 29 Jan 2021 16:37:00 +0800<![CDATA[2021 Taipei AMPA/ Autotronics Taipei]]>https://www.altra.net/blogs/post/2021-Autotronics-Taipei

2021 Taipei AMPA / Autotronics Taipei

Physical Show Date and Time

Apr. 14-16 9 a.m.~5 p.m.

Apr. 17 9 a.m.~3 p.m.

Physical Show Venue
Nangang Exhibition Center, Hall 1 (TaiNEX 1)

Features

Taipei AMPA & AutoTronics Taipei is:

The only show in Asia that connects automobile and motorcycle industry in one place.

Asia’s 2nd largest automotive trade show, serving A.C.E.S. that keeps you ahead of the curve.

The show where procurers and key decision makers account for over 85% of the visitors.

Asia's pioneering automotive trade fair where virtual meets reality.


Official Website：https://www.taipeiampa.com.tw/en/index.html

]]>Mon, 18 Jan 2021 16:46:00 +0800