Dublin, Oct. 14, 2022 (GLOBE NEWSWIRE) -- The "Global Electrical Insulation Materials Market by Type (Thermoplastics, Epoxy Resins, Ceramics), Application (Power Systems, Electronic Systems, Cables & Transmission Lines, Domestic Portable Appliances), and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global 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.
Rising demand from emerging markets and growth of renewable energy are expected to offer significant growth opportunities to manufacturers of electrical insulation materials.
The power systems segment accounted for the largest share in the electrical insulation materials market in terms of value
Electrical insulation materials play a vital role in power systems. Transformers are among the most important part of power systems utilizing electrical insulation materials. Electrical insulations are needed to control operating temperatures, material compatibility issues, and general insulation requirements. Oils are a major electrical insulating material used in transformers.
Thermoplastic is the fastest growing electrical insulation material type
Thermoplastics are widely used in electrical insulation materials, accounting for 34.2% of the overall market, in terms of value, in 2021. The market in the thermoplastics segment is projected to register a CAGR of 6.3% between 2022 and 2027. The demand for thermoplastics is increasing because they provide superior heat resistance and compatibility for greater strength in electrical appliances.
North America is estimated to be the second-largest market for electrical insulation materials
North America is the second-largest market for electrical insulation materials. US, Canada, and Mexico are the major countries in North American electrical insulation materials. The region has a strong industrial base in developed economies, such as the UK, France, Italy, Spain, and Germany. Some of the major players operating in the electrical insulation materials market are based in this region, such as DuPont, ITW Formex 3 M, and Haysite Reinforced plastics.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Overview of Electrical Insulation Materials Market
4.2 Asia-Pacific: Electrical Insulation Materials Market, by Application and Country, 2021
4.3 Electrical Insulation Materials Market, by Type
4.4 Electrical Insulation Materials Market, by Application
4.5 Electrical Insulation Materials Market, by Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Refurbishment of Existing Grid Networks
5.2.1.2 Increasing Demand for Electricity
5.2.1.3 Growth of Renewable Energy
5.2.1.4 Growing Demand for Electric Vehicles
5.2.2 Restraints
5.2.2.1 Rising Number of Low-Quality Grey Market Products
5.2.3 Opportunities
5.2.3.1 HVDC Transmission for Long-Distance Transmission Lines
5.2.3.2 Adapting to Smart Grid Technology
5.2.4 Challenges
5.2.4.1 Volatile Raw Material Prices
5.3 Porter's Five Forces Analysis
5.4 Value Chain Analysis
5.4.1 Raw Material Suppliers
5.4.2 Manufacturers
5.4.3 Component Manufacturers
5.4.4 Consumers
5.5 Ecosystem Mapping
5.6 Average Selling Price Analysis
5.7 Trade Analysis
5.8 Technology Analysis
5.9 Macroeconomic Data
5.10 Trends/Disruptions Impacting Customers' Businesses
5.11 Key Conferences & Events in 2022-2023
5.12 Key Factors Affecting Buying Decisions
5.13 Tariffs & Regulations
5.14 Patent Analysis
5.15 Case Study Analysis
5.15.1 Retrofit with Dupont Nomex Boosted ABB Halle's Transformer Flexibility, and Reliability and Lowered Maintenance Costs
5.15.2 Ul-Recognized 600 Volt Class Electrical Insulation Systems Based on Nomex
5.15.3 Yunnan Transformer Co. Innovated Hybrid Insulation in Transformers Using Nomex to Meet Demand Safely and Reliably
6 Electrical Insulation Materials Market, by Type
6.1 Introduction
6.2 Thermoplastics
6.3 Epoxy Resins
6.4 Ceramics
6.5 Others
7 Electrical Insulation Materials Market, by Application
7.1 Introduction
7.2 Power Systems
7.3 Electronic Systems
7.4 Cables & Transmission Lines
7.5 Portable Domestic Appliances
7.6 Others
8 Electrical Insulation Materials Market, by Region
9 Competitive Landscape
9.1 Overview
9.2 Ranking Analysis of Key Market Players, 2022
9.3 Market Share Analysis
9.4 Revenue Analysis of Top Players
9.5 Market Evaluation Matrix
9.6 Company Evaluation Matrix (Tier 1), 2022
9.6.1 Star Players
9.6.2 Emerging Leaders
9.7 Start-Up and Small and Medium-Sized Enterprise (SME) Evaluation Matrix
9.7.1 Responsive Companies
9.7.2 Starting Blocks
9.7.3 Dynamic Companies
9.8 Company Application Footprint
9.9 Company Region Footprint
9.10 Strength of Product Portfolio
9.11 Business Strategy Excellence
9.12 Competitive Scenario
9.12.1 Product Launches
9.12.2 Deals
9.12.3 Others
10 Company Profiles
10.1 Major Players
10.1.1 Dupont
10.1.2 Elantas (Altana AG)
10.1.3 Krempel GmbH
10.1.4 Nitto Denko Corporation
10.1.5 Von Roll
10.1.6 Itw Formex
10.1.7 3M
10.1.8 Haysite Reinforced Plastics
10.1.9 Vitar Insulation Manufacturers Ltd.
10.1.10 Tesa SE
10.1.11 Teijin Dupont Films Japan Ltd.
10.1.12 Ngk Insulators Ltd.
10.2 Other Players
10.2.1 Nikkan Industries Co. Ltd.
10.2.2 Dr. Dietrich Muller GmbH
10.2.3 Fralock
10.2.4 Weidmann Holding AG
10.2.5 Sichuan Dongfang Insulating Materials Co. Ltd.
10.2.6 Coveme S.P.A.
10.2.7 Miki Tokushu Paper Mfg Co. Ltd.
10.2.8 Aditya Birla Insulators
10.2.9 Hubbell Power Systems
10.2.10 Power Telecom
10.2.11 Saint-Gobain
10.2.12 Victor Insulators
10.2.13 Wacker Chemie AG
11 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/92eh3a
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