GLOBAL EV COPPER MAGNET WIRE MARKET

INTRODUCTION

Electric vehicles are becoming increasingly popular. EV manufacturers all around the world are considering design changes to improve the user experience. An EV Traction motor must reach high speeds in a short period of time. 

This necessitates a high power output motor with adequate capacity to disperse the heat created. It must also be small enough to fit inside the vehicle's chassis. Furthermore, the EV range, torque, and acceleration must not be jeopardized.

The winding wire or magnet wire is the key component of the traction motor design that has a direct impact on these elements.

Magnet wires must be small, have a high power density, and endure high voltage to meet the unique requirements of traction motors. In EV motors, Enamelled Round Copper wires and Enamelled Rectangular Copper wires are frequently utilised.Enamelled wires with round cross sections are round copper winding wires.

Round magnet wires have a basic design and are thus easy to manufacture. They are easy to handle and may be bent at all angles uniformly. This adaptability makes coil insertion easier. Round wires are less expensive than rectangular wires.

The power density of round copper winding wires is lower. Furthermore, because the surface area is less, heat dissipation is reduced. Furthermore, circular winding wire will not provide a high fill while winding the core.

This may increase the size of the motor. The cross-section of rectangular winding wires is rectangular. They are also known as flat wires or square wires.Because of its stackability, rectangular magnet wires have a higher fill factor.  When followed by a hairpin or wave winding, they provide an extremely compact EV motor.

Flat wires can also be automatically wound, making coil insertion simple.Because there is more copper wire in the same slot, they may deliver higher power density. This also allows them to provide the peak power required for a traction motor.

Because rectangular enameled wires have a larger surface area than round wires, they provide superior heat dissipation.

Because of their larger cross-sectional area, rectangular winding wires have lower electrical resistance. Because of their larger cross-sectional area, rectangular winding wires have lower electrical resistance. This also implies that copper loss is much smaller than with spherical wires.

Having said that, there are a few factors to keep in mind while employing rectangular copper windings.Rectangular copper wire production is a complicated procedure. Rectangular copper wire requires more time and different types of machinery. They are also more expensive as a result of these factors.

Furthermore, because rectangular copper wires can twist, they must be handled with extreme caution. Because of the presence of sharp edges, they are especially sensitive to insulation damage. They are less flexible because they cannot be bent in all directions, making them brittle during bending.

GLOBAL EV COPPER MAGNET WIRE MARKETSIZE AND FORECAST

The Global EV Copper Magnet Wire Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET DYNAMICS

Copper is the most common conductor material, with great conductivity and windability. Aluminum is occasionally used as a conductor material for magnet wire because of its low weight and greater diameter.

Because of the difficulty of touching aluminum wire with oxidation concerns, Copper Clad Aluminium can assist to bridge the gap between copper and aluminum.

A broad range of conductor materials are available for unique purposes, including Brass, Silver, Nickel, Gold, Stainless Steel, and copper alloys with enhanced mechanical strength or bending performance. Furthermore, the core conductors can be coated with various materials such as silver or nickel.

Elektrisola specializes in tiny magnet wire sizes ranging in diameter. Aside from the standardized sizes, a wide range of customized diameters are made to customer specifications. In magnet wire, bare wire tolerances are critical because they have a direct influence on resistance, which affects the variance of the final coil resistance. 

Magnet wires are classified by international standards such as IEC into ranges of certain outside diameters. IEC classifies insulation as Grade 1, 2, or 3, while NEMA classifies it as single, heavy, or triple. These tolerances can be further reduced if necessary to create and optimize the coiled coils and final products.

NextEV, a Chinese startup electric vehicle firm, debuted its new brand NIO at the Saatchi Gallery and introduced what it said was the world's quickest electric automobile. The NIO EP9, which pushes the automobile from a standstill. This new supercar will outperform top hybrid supercars like the Porsche 918 Spyder, LaFerrari, and McLaren P1.

The automobile will be sold in the United States, followed by the rest of the world. The pricing has yet to be determined. The business stated that it will ultimately manufacture a line of mass-market electric vehicles.

COMPANY PROFILE

• Elektrisola
• MWS Wire
• Jintian Copper
• Sumitomo Electric Industries Ltd.
• NewGen Wires and Coils Pvt. Ltd.
• LS Cable & Systems Supply
• Gold Cup Electric Electromagnetics Wire Co., Ltd.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many EV Copper Magnet Wire are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a  Global EV Copper Magnet Wire and key vendor selection criteria
3. Where is the EV Copper Magnet Wire manufactured? What is the average margin per unit?
4. Market share of Global EV Copper Magnet Wire market  manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global EV Copper Magnet Wire in-house
6. 5 key predictions for next 5 years in Global EV Copper Magnet Wire market
7. Average B-2-B EV Copper Magnet Wire market price in all segments
8. Latest trends in EV Copper Magnet Wire market, by every market segment
9. The market size (both volume and value) of the EV Copper Magnet Wire market in 2023-2030 and every year in between?
10. Production breakup of EV Copper Magnet Wire market, by suppliers and their OEM relationship