Electrical Insulation Materials Market Worth 9.58 Billion USD by 2021
PUNE, India, September 2, 2016 /PRNewswire/ --
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", published by MarketsandMarkets, The global market is projected to reach USD 9.58 Billion by 2021, registering a CAGR of 5.82% from 2016.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 58 market data Tables and 41 Figures spread through 152 Pages and in-depth TOC on "Electrical Insulation Materials Market"
http://www.marketsandmarkets.com/Market-Reports/electrical-insulation-material-market-3599030.html
Early buyers will receive 10% customization on this report.
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.
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.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=3599030
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).
Browse Related Reports:
OEM Insulation Market by Material Type (Foamed Plastics and Mineral Wool), End-use Industry (Industrial, Consumer, and Transportation), and Region - Global Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/oem-insulation-market-161776724.html
Acoustic Insulation Market by Type (Stone Wool, Glass Wool, and Foamed Plastics), End-Use Industry (Building & Construction, Transportation, and Industrial), and by Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/acoustic-insulation-market-41399747.html
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.
M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article