Global electrical insulation materials market is anticipated to increase at an impressive rate through 2028. Power is one of the crucial parts of modern infrastructure development, economic growth, and national welfare. Electric insulation prevents electric shock or discharge of positive charges into the bodies and keeps people safe from fatal injuries. Electric insulation, such as thermoplastics, epoxy resin, ceramics, and others, is essential and can work as a lifesaving tool that is used in various electrical equipment. According to the report published, California Public Utilities Commission is planning to invest 738 million USD for building electric vehicle charging stations and meet up clean air regulations by 2030. Hence, it is expected that the demand for electrical insulation materials will increase to fulfill the growing population utilization.
Additionally, government regulations on trade and export, such as free trade, and bilateral and regional trade contracts, are the factors responsible for market growth, leading to increasing electrical insulation materials market share in the forecasted period.
Rising Demand for Electrical Equipment Insulation Materials
Growing Demand from Electronic and Electric Industries
Ongoing Technological Advancement and Trends
Market Development
- In 2021, EXEGER
Sweden AB partnered with Japanese ceramic technology company NGK INSULATORS,
LTD. Through this partnership, both firms can strengthen their corresponding
manufacturing capacity and capabilities. These capabilities enable both to
bring products to market in different fields, such as the Internet of Things
and electronics like e-shelf labels, sensors, and remote controls.
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Market Segmentation
Market Players
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in tons and
CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue
forecast, Volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Type
Application
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Regional scope
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North America;
Asia Pacific; Europe & CIS; South America; Middle East & Africa
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Country scope
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United States; Canada; Mexico; China;
India; Japan; Australia; Malaysia; Germany; France; United Kingdom; Spain; Brazil;
Argentina; Colombia; South Africa; UAE; Saudi Arabia; Egypt; Turkey.
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Key companies
profiled
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DuPont de
Nemours, Inc., Krempel GMBH, 3M Company, Elantas PDG, Inc., Nitto Denko
Corporation, Von Roll Holding AG, Tesa SE, ITW FORMEX - EIS Inc., Haysite
Reinforced Plastics Limited, NGK Insulators, Ltd.
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and
purchase options
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Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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