Heat-Shrink Tubing Market Szie, Share, Growth Analysis and Global Outlook – 2027

 The report Heat-Shrink Tubing Market is projected to reach USD 2.3 billion by 2024 from an estimated USD 1.8 billion in 2019, at a CAGR of 5.3% during the forecast period. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the heat-shrink tubing market.

The low voltage segment is expected to be the largest heat-shrink tubing market, by voltage, during the forecast period

The low segment is expected to be the largest heat-shrink tubing market during the forecast period. This growth can be mainly attributed to the growing demand for attaining reliable and sustainable power supply, mostly in rural areas of the Asia Pacific and the Middle East & Africa region. Increasing investments in aging electrical infrastructure in T&D networks and the rising need to protect electrical circuit equipment are further driving the low voltage heat-shrink tubing market.

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The utilities segment is expected to be the fastest growing heat-shrink tubing market, by application, during the forecast period

Utilities is the fastest growing end-user segment in the global heat-shrink tubing market. The transmission lines and distribution lines additions have led to increased investments in the electrical infrastructure. The increasing number of renewable integration projects and infrastructure developments are some of the factors responsible for boosting the growth of the utilities segment during the forecast period.

This research report categorizes the heat-shrink tubing market by voltage, material, end-user, and region.

The heat-shrink tubing market, by voltage, has been segmented as follows:

• Low Voltage
• Medium Voltage
• High Voltage

The heat-shrink tubing market, by material, has been segmented as follows:

• Polyolefin
• Polytetrafluoroethylene
• Fluorinated Ethylene Propylene
• Perfluoroalkoxy Alkane
• Ethylene Tetrafluoroethylene
• Others

Note: Others includes Polyether Ether Ketone (PEEK) and Polyethylene Terephthalate (PET).

The heat-shrink tubing market, by end-user, has been segmented as follows:

• Utilities
• Chemical
• Automotive
• Food & Beverage
• Others*

Note: Others includes healthcare and aerospace & military industries.

The heat-shrink tubing market, by Region, has been segmented as follows:

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America

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Asia Pacific is expected to account for the largest share of the global heat-shrink tubing market

In this report, the heat-shrink tubing market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific led the global heat-shrink tubing market in 2018. The high growth rate in the Asia Pacific region can be attributed to increased investments in the electric grid development and growing reliance on renewable sources of power generation. China and India are the largest heat-shrink tubing markets in the region. Increasing grid investments and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines are likely to drive the growth of the heat-shrink tubing market in the region during the forecast period.

The report includes the profiles of some of the top players in the heat-shrink tubing market to enable an in-depth understanding of the competitive landscape. Some of the key players are TE Connectivity (Switzerland), 3M (US), Sumitomo Electric (Japan), ABB (Switzerland), HellermannTyton (West Sussex), Alpha Wire (US), Woer (China), Qualtek (US), Panduit (US), Zeus (US), Guanghai Materials (China), Thermosleeve (US), Insultab (US), Dasheng Heat Shrinkable Material (China), and Changchun Heat Shrinkable Materials (China).

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MV Protection Relay Market to 2023 – Market driven by the growing renewable sector.

The global MV protection relay market is expected to grow from an estimated USD 860 million in 2018 to USD 1,115 Million by 2023, at a CAGR of 5.33%. Expansion of transmission & distribution (T&D) networks and growth of the renewable sector are likely to drive the MV protection relay market.                                                              

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The digital & numerical relay segment is expected to hold the largest share of the MV protection relay market, by type, during the forecast period.

The digital & numerical relay segment led the MV protection relay market in 2017 and is projected to have the largest market share during the forecast period. Digital & numerical relay provides various benefits over electromechanical and static relay such as functional flexibility, reliability, self-checking and self-adaptability, ability to communicate with other digital equipment (peer-to-peer), accuracy in providing fault data and disturbance record. Moreover, increasing modernization of substations in the developed nations to ensure uninterrupted power supply with minimum losses would drive the digital & numerical relay market during the forecast period.

This research report categorizes the MV protection relay market based on type, connected load, end-user, and region

On the basis of type, the MV protection relay market has been segmented as follows:

• Electromechanical & Static Relay
• Digital & Numerical Relay

On the basis of connected load, the MV protection relay market has been segmented as follows:

• Feeder Line
• Transformer
• Motor
• Others

On the basis of by end-user, the MV protection relay market has been segmented as follows:

• Utilities
• Industrial
• Commercial & Institutional

On the basis of by region, the MV protection relay market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• South America

The feeder line segment of the MV protection relay market, by connected load, is expected to grow at the highest CAGR during the forecast period

The feeder line segment led the MV protection relay market in 2017 and is one of the fastest growing market during the forecast period. Increasing distribution lines across the globe is expected to boost the feeder line market during the forecast period. This will create a demand for MV protection relays.  As per International Energy Agency (IEA), Asia Pacific is likely to add 2,911 GW of power capacity from 2014 to 2035 with 14,400 thousand km of new distribution line from 2014 to 2035. Thus, it would boost the growth of MV protection relay market during the forecast period.

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Asia Pacific: The leading market for MV protection relays

In this report, the MV protection relay market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and the Middle East & Africa. Asia Pacific led the global MV protection relay market in 2017. China and India are the largest markets for MV protection relay in the region. Increasing T&D network expansion and industrialization projects are some of the key factors responsible for the growth of the medium voltage protection relay . According to the Asian Development Bank, an investment of USD 8.22 trillion is required for infrastructure development in the region during the 10-year period of 2010–2020. Thus, create a demand for MV protection relay market during the forecast period.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the MV protection relay market. The key players include ABB (Switzerland), GE (US), Schneider Electric (France), Siemens (Germany), and SEL (US). The leading players are adopting various strategies to increase their shares in the MV protection relay market.

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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, "Knowledgestore" 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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Wire and Cable Management Market to Exhibit Substantial Growth by Rising Demand from Data Center and IT Cacilities

Latest research report, titled "Wire and Cable Management Market by Product (Trays & Ladders, Raceway, Connectors, Ties, Conduit), Cable Type (Power Cable, Communication Wire & Cable), Material (Metallic and Non-Metallic), End-User, and Region - Global Trends and Forecasts to 2023", The wire and cable management market is expected to grow from an estimated USD 16.91 Billion in 2018 to USD 25.26 Billion by 2023, at a CAGR of 8.36%, during the forecast period. The market is set to witness growth due to the rising demand from data center and IT facilities and the growing construction sector.        

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Top Key Players:

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the wire and cable management market such as Legrand (France), Eaton (Ireland), Hellermann Tyton (England), Atkore (US), Panduit (US), and Obo Bettermann (Germany).

Objectives of the Study:

• To define, describe, and forecast the wire and cable management market on the basis of product, cable type, material, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of the wire & cable management market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the wire & cable management market with respect to individual growth trends, future projections, and the contribution of each segment to the market
• To track and analyze competitive developments such as contracts & agreements, new product launches, expansions & investments, mergers & acquisition, strategic alliances, and partnerships & collaborations in the wire & cable management market
• To profile key players and comprehensively analyze their market ranking and core competencies

Power cable segment is expected to be the largest wire and cable management market, by cable type, in 2018.

The power cable segment is expected to be the largest segment of the wire and cable management market, by cable type, in 2018. Power cables are widely used in the power distribution sector to distribute power, and can be installed overhead as well as underground in the industrial, commercial, and residential sectors. High demand for electrification of homes, increased investment in power distribution, and growth in the household sector in developing countries are the key drivers for the growth of the power cable wire and cable management market.

Conduits & trunking segment is expected to be the second largest wire and cable management market, by product, during the forecast period.

Conduits & trunking are used to protect cables from damage and can be used in almost any location including homes, commercial spaces, and industrial sectors. Rising urban population and need for advanced infrastructure in regions such as Asia Pacific and the Middle East are thrusting the deployment of conduits & trunking system.

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Asia Pacific: Largest wire and cable management market during the forecast period.

In this report, the wire and cable management market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is the largest wire and cable management market, by region, during the forecast period. Rising urbanization and proliferation of electrification, demand from the construction and mining sectors, growing awareness of energy savings, and supportive government plans are expected to drive the market for wire and cable management in this region. China, India, and Japan are the leading countries among others which would contribute to the growth of the wire and cable management market in Asia Pacific.

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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 5000 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, "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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com