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Electrical Insulation Materials Market worth 9.58 Billion USD by 2021

 



(EnergyIndustry.Net, February 04, 2020 ) The report "Electrical Insulation Materials Market by Type (Thermoplastics, Epoxy Resin, Ceramic), Application (Power Systems, Electronics Systems, Cables & Transmission Lines, Domestic Portable Appliances), and Region - Global Forecasts to 2021", The global electrical insulation materials market is projected to reach USD 9.58 Billion by 2021, registering a CAGR of 5.82% from 2016. Upgradation and modernization of transmission & distribution network have led to the development of new insulating materials. The high global demand for electricity further drives the electrical insulation materials market.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3599030

Thermoplastics and ceramics are the major types in the electrical insulation materials market

The demand for thermoplastics and ceramics is rising due to the increasing energy demand from growing economies such as India and China. It is likely to lead to higher investments in T&D capital expenditure. The growth is also due to increasing use of electrical appliances in the region along with the need to explore cost-effective and high-performance insulating materials.

Power system application represents the bulk of the demand for electrical insulating materials

The use of electrical insulation in power systems helps to avoid transmission failure, thereby ensuring safety of the appliances. Electrical insulation also helps to avoid damage to the power system and makes it easy to repair and replace the disturbance of power supply in the appliances. These factors have led to the growth of insulating materials in the power system application.

Don't miss out on business opportunities in Electrical Insulation Materials Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=3599030

Browse in-depth TOC on "Electrical Insulation Materials Market”
58 - Market Data Tables
41 - Figures
152 - Pages

Asia-Pacific is estimated to account for the highest CAGR during the forecast period

Asia-Pacific is the largest market for electrical insulation materials market, followed by North America and Europe. China, the U.S., Japan, and Korea are the largest consumers of electrical insulating materials. Factors, such as augmentation & modernization of transmission & distribution network, increased global demand for electricity, upgrading of ageing technology, and growth of renewable energy have all led to the increasing demand of electrical insulating materials in the Asia-Pacific region.

Key players in the Electrical Insulation Materials Market

The key players in the global market include DuPont (U.S.), Elantas Electrical Insulation (Germany), ITW Formex (U.S.), Krempel GmbH (Germany), 3M (U.S.), Haysite Reinforced Plastics (U.S.), Vitar Insulation Manufacturer (Hong Kong), Nitto Denko Corporation (Japan), Tesa Se (Germany), and Teijin DuPont Films Japan Limited (Japan).

Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=3599030

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. 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.


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