CHICAGO , Sept. 23, 2022 /PRNewswire/ -- Electrical Insulation Materials Market size is projected to grow from USD 10.6 billion in 2022 to USD 14.3 billion by 2027, at a CAGR of 6.2% between 2022 and 2027, according to a new report by MarketsandMarkets™. Electrical insulation materials are used in electrical systems to prevent unwanted flow of current to the earth from the supporting points. These materials have different properties and thus exhibit unique abilities. Electrical insulation materials prevent or limit the flow of current on their surfaces due to low conductivity.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3599030
Browse in-depth TOC on "Electrical Insulation Materials Market"
218 – Tables 47 – Figures 198 – Pages
The thermoplastics segment is estimated to lead the electrical insulation materials market during the forecast period.
Based on type, the thermoplastics based electrical insulation materials accounted for the largest market share in 2021 and is projected to grow at a CAGR of 6.3% in terms of value, during the forecast period. Some of the important thermoplastics are PE, PP, and PVC. These materials are available in different forms - crystalline, amorphous, and semi-crystalline. Due to the rising energy consumption from developing economies such as India and China , the demand for thermoplastics is expanding throughout the Asia Pacific region. The rise in demand for thermoplastics for electrical insulation can also be attributed to their low cost, easy manufacturing process, and availability.
The power systems application is expected to have the fastest growth in the electrical insulation materials market during the forecast period.
Based on application, the power systems segment in the electrical insulation materials market accounted for the fastest growth in 2021 with a CAGR of 6.5%, in terms of value, during the forecast period. This is attributed to the growing demand for electrical insulation materials in power systems such as generators, relays, and power electronics due to the necessity of these materials for the optimum operating efficiency of equipment. Rapid urbanization in emerging economies, modernization of aging electricity infrastructure in developed economies, and growing population are also leading to the high demand for electrical insulation materials.
Get Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=3599030
These are useful when safety is to be provided from open electric systems or the flow of current is to be regulated. The rising use of electrical insulation materials owing to high growth in automation in construction industry and rise in sales of electric vehicles (EVs), drives the electrical insulation materials market.
Asia Pacific is expected to be the largest market for electrical insulation materials during the forecast period.
Asia Pacific leads the overall electrical insulation materials market in terms of both value and volume, followed by North America and Europe . The increasing population, urbanization, industrialization, and the availability of low-cost raw materials and labor, coupled with increasing domestic demand, makes Asia Pacific an attractive investment destination for electrical insulation materials manufacturers. These are some of the factors expected to drive the electrical insulation materials market in this region.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=3599030
The key players in this market are DuPont (US), Elantas (Germany ), Krempel GMBH (Germany ), Nitto Denko (Japan ), Von Roll (Switzerland ), ITW Formex (US), 3M (US), Haysite Reinforced Plastics (US), Vitar (China ), Tesa SE (Germany ), Teijin DuPont Films (Japan ), and NGK Insulator (Japan ).
DuPont is a leading integrated science and engineering company. DuPont's product line includes construction materials, medical devices & materials, fibers & nonwovens, water solutions, electronic solutions, adhesives, and resins. The company delivers innovative solutions through three business segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. It provides electrical insulation materials through the Water & Protection business segment under the brand name Nomex. It offers its products to various industries such as automotive, building construction, energy, printing & packaging, and safety &protection.
Browse Adjacent Markets: Foam and Insulation Market Research Reports & Consulting
ELECTRICAL CONDUIT MARKET - By Type (Rigid & Flexible), Material (Metallic & Non-Metallic), End-Use Industry (Building& Construction, Industrial Manufacturing, It & Telecommunication, Oil & Gas, Energy & Utility, Others) and Region
ELECTRIC INSULATOR MARKET - By Type (Ceramic, Glass, Composite), Voltage (Low, Medium, High), Category (Bushings), End-User (Utilities, Industries), Application, Region
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electrical-insulation-material-market.asp Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/electrical-insulation-material.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/electrical-insulation-materials-market-worth-14-3-billion-by-2027--exclusive-report-by-marketsandmarkets-301631927.html
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Uranium Energy Corp Founder and CEO Amir Adnani joins Yahoo Finance Live to discuss the future of nuclear energy, uranium consumption, and potentially easing energy crises.
Volkswagen's charging unit Elli has signed a memorandum of understanding with Belgian network operator Elia and one of its start-ups to explore the integration of electric vehicles into the power grid. Part of the cooperation will be to assess how owners of battery-powered cars can be given incentives to use their vehicles to stabilise power grids when connected to a socket, a concept known as vehicle-to-grid. "Using the electric vehicle battery as a mobile power bank delivers a triple benefit: Firstly, the climate benefits as renewable energy can be stored and therefore be used more efficiently," Elli Chief Executive Elke Temme said.
On Wednesday, the Fed bumped up interest rates again, its third 75-basis point hike since June, and signaled that there could be two more such hikes by the end of this year. The conventional wisdom has the Fed acting properly, and aggressively, in an attempt to counter inflation raging at 40-year high levels. But conventional wisdom isn’t always right – and we can learn a lot by consulting the contrarians. Few top investors are more contrarian than Cathie Wood. The founder and manager of ARK Inv
You have just a few weeks to pounce on Treasury I bonds' sky-high interest rate. Also called Series I savings bonds, their interest rate is 9.62%.
Homeowners beware. But don't panic, either.
And what it means for your wealth-building options.
The shipping company has developed a reputation as one of the best dividend stocks around
“We printed up too much money, and just thought the party would never end,” Icahn said, adding that with the Fed raising rates to fight inflation, "the party's over."
Novavax, Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $NVAX performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
Yahoo Finance reporter Alexandra Semenova breaks down Cathie Wood's decision to hand off her role as portfolio manager on two ETFs.
Multiple insiders secured a larger position in Intel Corporation ( NASDAQ:INTC ) shares over the last 12 months. This...
As much as stocks are falling, moves in another financial market have even more profound implications for the global economy.
Warren Buffett’s long-term investment strategy has proven to be successful through virtually all market conditions over the past several decades – recession, high inflation and deflation. If there’s one thing that’s made Buffett one of the most successful investors in history, it’s his commitment to his strategy. A countless number of new investment techniques and algorithms have come and gone over the years, but Buffett has maintained his relatively simple strategy of picking solid companies an
Goldman finally decided to stop fighting the Fed and no longer sees the index finishing the year at 4300.
In this article, we discuss 10 best stocks to buy before recession begins. If you want to see more stocks in this selection, click 5 Best Stocks to Buy Before Recession Begins. Between 1929 and 1939, the period famously dubbed the Great Depression, global economies suffered from stock market crashes, sharp declines in output, high […]
Boise, Idaho; Philadelphia; Pensacola, Fla.; Austin; and Reno, Nev.; Minnesota; and Utah are the housing markets with the most buyer pullback, says one home builder.
Yahoo Finance's Jared Blikre joins the Live show to check out market and sector losses amid today's sell-off, while also looking at meme stocks and the travel industrial.
See who joins GOOGL and MSFT on this screen of Warren Buffett stocks based on the investing strategy of Berkshire Hathaway's CEO.
(Bloomberg) -- Options traders spooked by turmoil across Wall Street snapped up protection against further losses in stocks at the fastest pace on record.Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekRisk Assets Crushed With Few Signs Drama Is Over: Markets WrapLarry Summers Warns Pound May Tumble Below $1 on ‘Naive’ UK PoliciesJapan to Restore Visa-Free Travel From Oct. 11 as Covid Pandemic Recedes Unless Rents Rise, Housing Is Set Up for an Epic CrashM