Power Device Analyzer Market Coming up Trends and Active Company Revenue Forecast through 2019 to 2024

 

According to the latest research report "Power Device Analyzer Market by Type (Both AC and DC; AC), Current (Above 1000 A, Below 1000 A), End-User (Automotive, Energy, Wireless Communication, Consumer Electronics, and Others), and Region - Global Forecast to 2024" The global power device analyzer market is projected to reach USD 527 million by 2024 from an estimated market size of USD 430 million in 2019, at a CAGR of 4.2% during the forecast period. The factors driving the growth for power device analyzer is due to the growing adoption for high-performance and power-efficient devices for consumer and healthcare sector along with investments in electric vehicles due to the concern towards hazardous environmental affect.

Browse 103 market data Tables and 36 Figures spread through 156 Pages and in-depth TOC on "Power Device Analyzer Market - Global Forecast to 2024 "

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The consumer electronics & appliances segment is expected to be the most significant power device analyzer market, by end-user, during the forecast period

The consumer segment is projected to be the most significant power device analyzer market, by end-user, during the forecast period. It has the largest share of the power device analyzer market owing to the growth in the demand for consumer electronics products such as air-condition, smartphones, refrigerators, laptops, smart TV, and smartwatch. The rapid growth in the overall population along with people becoming tech-savvy, will increase the demand for consumer electronics leading to an increase in the demand for power device analyzer.

The both AC and DC segment is expected to be the largest power device analyzer market, by type, during the forecast period

The both AC and DC segment is expected to grow at the highest rate during the forecast period. Both AC and DC power device analyzer are majorly used to perform component level analysis as well as system-level analysis. It is majorly used to test products such as HID lighting, Lighting consumer product, ballast testing, engineering labs, solar pane, electric vehicle, wireless battery charging, three-phase motors & drives. Growing demand for electric cars along with an investment towards the solar industry will drive the need for both AC and DC power device analyzer.

This research report categorizes the power device analyzer market by type, current, end-user, and region.

By Type:

• Both AC and DC
• AC

By Current:

• Above 1000 A
• Below 1000 A

By End User:

• Automotive
• Energy
• Wireless Communication and Infrastructure
• Consumer Electronics & Appliances
• Others

By Region:

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

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Asia Pacific is expected to dominate the global power device analyzer market during the forecast period.

In this report, the power device analyzer market has been analyzed for five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period.

The growing demand for consumer electronics and increasing industrial automation in the countries like India & Japan along with stringent regulations and standards for the use of electronics in developing countries such as China, Japan, and India are the driving factors for the growth of power device analyzer market in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the power device analyzer market. These include Keysight Technologies (US), Yokogawa (Japan), Fortive (US), Rohde & Schwarz (Germany), Hioki E.E. Corporation (Japan), Newtons4th (UK), and Iwatsu (Japan). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares

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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.

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Motor Control Centers Market Size, Share, Analysis, Regional Outlook and Forecast 2020-2025

 The report "Motor Control Centers Market by Type (Intelligent, Conventional), Voltage (Low, Medium), End-User, Standard, Component, Region (Asia Pacific, North America, Europe, South America, and the Middle East & Africa) - Global Forecast to 2025", the motor control centers market is expected to grow from an estimated value of USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4%, from 2020 to 2025. The global market is set to witness significant growth owing to the growing demand for industrial automation in developed regions and regulations promoting energy saving across major industries.

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The low voltage segment is expected to hold the largest share of the motor control centers market, by voltage, during the forecast period

The low voltage segment includes up to 1 kV motor control centers. This segment is expected to hold the major share in 2020 owing to the widespread adoption of low voltage motors in various industries globally. Low voltage motor control centers are mainly used in the chemical & petrochemical, cement & manufacturing, food & beverage, oil & gas, and metals & mining. Asia Pacific is the largest low voltage motor control centers market because of rapid industrialization and urbanization in countries such as China and India. All these factors are expected to boost the low voltage motor control centers market.

Busbars are an alternative to traditional cabling and the largest motor control centers market, by component, during the forecast period

The busbars segment held the largest share of the motor control centers market in 2019. A busbar is the most important component of a motor control center as it acts as a common voltage point for all electrical equipment connected to the motor control center. The increase in the flexibility, efficiency, and reliability of busbars, and the elimination of the need for additional wires have led to the rising demand for busbars in the motor control centers market. Busbars are mainly used in utilities and industrial applications to deliver power to buildings and electrical loads, respectively.

The industrial segment is expected to be the fastest growing end-user of the motor control centers market

The industrial end-users of the motor control centers market is segmented into oil & gas, metals & mining, utilities, chemical & petrochemical, cement & manufacturing, and food & beverage industries. The industrial segment is expected to be the fastest growing motor control centers market from 2020 to 2025 owing to the inclination toward motorized automation worldwide. Moreover, increasing demand for electric motors in the aforementioned industries is also expected to drive the industrial segment of the motor control centers market.

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Asia Pacific is expected to dominate the global motor control centers market

Asia Pacific is expected to dominate the global motor control centers market owing to the increasing industrialization and electricity demand in the region. China is expected to dominate the Asia Pacific motor control centers market. The motor control centers’ markets in countries such as China, India, and Japan are expected to grow at high rates. Increasing power generation capacity additions and industrialization projects in these countries are the main reasons spurring the growth of the motor control centers market.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the motor control centers market. These include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Rockwell Automation (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.

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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.

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Heat Pump Water Heater Market Revenue Is Anticipated to Reach $2.1 Billion by 2026

According to the new market research report "Heat Pump Water Heater Market by type (Air Source, Geothermal), Storage (Up to 500 L, 500–1000 L, Above 1000 L), Capacity (Up to 10 kW, above 10 kW), Refrigerant (R410A, R407C, R744), End-User (Residential, Commercial, Industrial), Region - Global Forecast to 2026", published by MarketsandMarkets™, the Heat Pump Water Heater Market size is projected to reach USD 2.1 billion by 2026 from an estimated value of USD 1.4 billion in 2020, at a CAGR of 6.8%. Factors driving the growth of the Heat Pump Water Heater Market include the energy efficient technology along with the usage of non-conventional sources of energy to heat the water. In addition, supportive regulations and grants for using renewable sources of energy in different applications are also expected to play a key role in the growth of this market during the forecast period.

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By type, the air source segment is the largest contributor in the Heat Pump Water Heater Market during 2019.

The electric segment is estimated to be the largest- segment of the heat pump water heater market, by type, from 2020 to 2026. Air source heat pump water heater is more energy efficient when compared with other sources of water heating such as water heater or boiler. They are mainly used in Asia Pacific owing to the fact that countries such as China, India, South Korea, and Japan are focusing on limiting their carbon footprint resulting from the use of fossil fuels.

Browse in-depth TOC on "Heat Pump Water Heater Market"

203 – Tables
57 – Figures
261 – Pages

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By storage tank capacity, up to 500 LT segment is expected to grow at the fastest rate during the forecast period.

Heat pump water heater falling under this category are compact and hence, are easy to install. They provide ample hot water for almost all small commercial applications and to residential sector. Hence, water heaters with this capacity are suitable for low hot water requirement applications in small commercial establishments and residential sector such as homes and multi family buildings. Small individual heat pump water heater of up to 500 liters capacity are used in the hospitality sector for holiday homes and motels as they ensure interruption-free availability of hot water for bathing, personal laundry, etc. applications.

Asia Pacific: Key market for heat pump water heater during the forecast period.

In this report, the heat pump water heater has been analyzed with respect to 4 regions, namely, Asia Pacific, Europe, North America, South America. Asia Pacific is expected to be the largest as well as the fastest growing heat pump water heater, by region, during the forecast period. Countries such as China, Indonesia and Australia are the fastest-growing markets in the Asia Pacific region. Asia Pacific is expected to dominate the Heat Pump Water Heater Market during the forecast period as owing to the increase in the use of renewable energy and energy efficient products. Several leading players in the Heat Pump Water Heater Market such as A.O. Smith Corporation, Midea Group, RHEEM Manufacturing, and Mitsubishi Electric have their manufacturing facilities in countries such as China, India, and Malaysia. The region is home to a number of emerging economies such as China, India, Singapore, and Malaysia.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the Heat Pump Water Heater Market such as Midea Group (China), RHEEM Manufacturing Company (US), Daikin (Japan), A.O. Smith Corporation (US), Bosch Industries (Germany), and Ingersoll Rand (US), etc. and other players such as Viessmann Group (Germany), NIBE Energy Systems (Sweden), Valliant Group (Germany), Daikin (Japan), Mitsubishi Electric (Japan), Glen Dimplex (Ireland), Stiebel Eltron (Germany), and more.

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' 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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Commercial Water Heaters Market Revenue Is Anticipated to Reach $7.7 billion by 2026

 The report "Commercial Water Heaters Market by Type(Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), Liter (Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & more), Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & more),and Region - Global Forecast to 2026", The global commercial water heaters market size is projected to reach USD 7.7 billion by 2026 from an estimated value of USD 5.4 billion in 2020, growing at a CAGR of 6.1%. The increasing investments for the development and expansion of commercial sector operations across different regions and supportive regulations & grants for using renewable sources of energy in different applications are the key factors driving the commercial water heaters market are driving the growth of this market.

Browse 250 market data Tables and 50 Figures spread through 265 Pages and in-depth TOC on "Commercial Water Heaters Market - Global Forecast to 2026"

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By type, the electric segment is the largest contributor in the commercial water heaters market during 2019.

The electric segment is estimated to be the largest- segment of the commercial water heaters market, by type, from 2020 to 2026. Electric water heaters offer exceptionally high operational efficiency ranging from 95% to 98%. They are mainly used in Asia Pacific owing to the fact that countries such as China, India, South Korea, and Japan are focusing on limiting their carbon footprint resulting from the use of fossil fuels.

By liter, the below 500 liters segment is expected to grow at the fastest rate during the forecast period.

Commercial water heaters falling under this category are compact and hence, are easy to install. They provide ample hot water for almost all small commercial applications. Hence, water heaters with this capacity are suitable for low hot water requirement applications in small commercial establishments. Small individual commercial water heaters of below 500 liters capacity are used in the hospitality sector for holiday homes and motels as they ensure interruption-free availability of hot water for bathing, personal laundry, etc. applications.

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Asia Pacific: Key market for commercial water heaters during the forecast period.

In this report, the commercial water heaters market has been analyzed with respect to 6 regions, namely, Asia Pacific, Europe, North America, South America, and Africa. Asia Pacific is expected to be the largest as well as the fastest growing commercial water heaters market, by region, during the forecast period. Countries such as China, South Korea and Australia are the fastest-growing markets in the Asia Pacific region. Asia Pacific is expected to dominate the commercial water heaters market during the forecast period as owing to the increase in the use of renewable energy and energy efficient products. Several leading players in the commercial water heaters market such as A.O. Smith Corporation, Rinnai Corporation, RHEEM Manufacturing, and Ariston Thermo have their manufacturing facilities in countries such as China, India, and Malaysia. The region is home to a number of emerging economies such as China, India, Singapore, and Malaysia. These economies are witnessing increased investments in their commercial sectors.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the commercial water heaters market such as A.O. Smith Corporation (US), RHEEM Manufacturing Company (US), Rinnai Corporation (Japan), Solahart Industries (Australia), Carrier Global (US), Stiebel Eltron (Germany), etc. and other players such as Viessmann Group (Germany), NIBE Energy Systems (Sweden), Danfoss (Denmark), Valliant Group (Germany), American Water Heaters (US), Daikin (Japan), Mitsubishi Electric (Japan), Andrewes Water Heaters (Baxi Heating) (UK), and more.

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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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Gas-Insulated Substation Market Outlook 2018 – Huge Growth, Trends, Revenue and In-Depth Analysis 2023

 

According to the new research report "Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End-User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023", The gas-insulated substation market is projected to reach USD 29.5 billion by 2023 from USD 18.9 billion in 2018, at a CAGR of 9.2%.

 

The gas-insulated substation market is expected to register a CAGR of 9.3% from 2018 to 2023. The growth in this market is supported mainly by the growing renewable power generation, the increasing investments in the transmission & distribution infrastructure, the rising energy demand, and limitations of space availability in densely populated urban areas, and increasing government initiatives for improving the electricity access.

 

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The high voltage segment will continue to dominate the gas-insulated substation market, by voltage type, during the forecast period

 

The gas-insulated substation market is segmented, by voltage type, into medium, high, and extra high. The high voltage segment held the largest market share in 2018. This can be attributed to its reliability and protection for the grid infrastructure. High voltage gas-insulated substations are used widely for critical switchyard of large power generation plants. A majority of the gas-insulated substations connected to the high voltage transmission grid are of indoor types. The high voltage segment is also driven by the refurbishment of old power transmission infrastructure in the developed countries of Europe and North America.

 

The outdoor segment is growing at the fastest rate in the gas-insulated substation market

 

The gas-insulated substation market is segmented, by installation, into indoor and outdoor. The outdoor segment is expected to grow at the fastest rate during the forecast period. Outdoor gas-insulated substations provide reliable operations in high-voltage transmission and medium voltage and are preferred for transmission & distribution of electricity over a long distance. These gas-insulated substations are designed to be used in outdoor environments. The enclosure is constructed so that the apparatus can be protected from harsh environmental conditions, including possible contamination. Outdoor substations operate above 5 kV voltage range. Thus, with the increase in demand for electricity, that is, the increase in high load transmission is expected to drive the outdoor installation of gas-insulated substations.

 

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Asia Pacific will continue to dominate the gas-insulated substations market through 2023

 

The gas-insulated substation market has been analyzed with respect to six regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest gas-insulated substation market from 2018 to 2023, followed by the Middle East & Africa.

Factors such as increasing power consumption, rising influx of renewable sources in the energy mix, government mandates on energy efficiency, renovation, modernization, and upgrade of aging hydropower plants driving the gas-insulated substation industry in Asia Pacific. The extending generation connections in Asia Pacific is another major driver for expanding investments in the transmission & distribution network in this region.

 

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The gas-insulated substation market consists of a few leading players such as ABB (Switzerland), L&T (India), Siemens (Germany), Hitachi (Japan), Toshiba Corporation (Japan), and General Electric (US) because of their broader product portfolio along with crucial developments in the market. These top players have a wide distribution and sales networks across the globe. The other players in the market include Hyosung (South Korea), BHEL (India), TBEA, Co. Ltd. (China), El Sewedy Electric, Crompton Greaves (India), and Mitsubishi Electric Corporation (Japan).

 

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, "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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MarketsandMarkets™ INC.
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In-Circuit Test Market Latest Trends, Development, Growth Analysis and Forecast by 2024

According to the new research report "In-Circuit Test Market by Type (Analog, Mixed), Portability (Compact, Benchtop), Application (Aerospace, Defence & Government Services, Wireless Communication & Infrastructure, Medical Equipment, Consumer Electronics), Region - Global Forecast to 2024" The global in-circuit test market is projected to reach USD 1.3 billion by 2024 from an estimated market size of USD 1.0 billion in 2019, at a CAGR of 4.9% during the forecast period. The global market is set to witness significant growth owing to various application types of PCBs are increasing in the consumer electronics and telecom sector along with the growing adoption of cloud computing and IoT devices.

 

Browse 102 market data Tables and 28 Figures spread through 143 Pages and in-depth TOC on "In-Circuit Test Market - Global Forecast to 2024 "

 

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The Mixed segment is expected to be the fastest market during the forecast period

 

The Mixed segment is projected to be the fastest in-circuit test market, by type, during the forecast period. Mixed-signal in-circuit test is widely used in the North America region as the investments in the semiconductor industry is increasing year on year in the region. According to the Semiconductor Industry Association, total R&D expenditure by US semiconductor firms was USD 71.4 billion in 2018. The R&D expenditure as a percent of sales was 17.4% in the semiconductor industry for the year 2018. These investments are expected to drive the market for mixed-signal devices and its in-circuit test in the forecast period.

 

The compact segment is expected to be the largest segment in the in-circuit test market, by portability, during the forecast period

 

The compact segment is expected to grow at the highest rate during the forecast period. The compact in-circuit test features include onboard programming, easy maintenance, small footprint, low power consumption, and enhanced operator safety. The applications for compact in-circuit test includes electric vehicles, smartphones, PCs and other home appliances. The surging adoption of advanced electronics in sectors such as automotive, aerospace and consumer goods that requires compact PCBs is one of the key reason for the growth of compact in-circuit test market.

 

Asia Pacific is expected to dominate the global in-circuit test market during the forecast period.

 

The growing demand for consumer electronics such as smartphones, laptops, televisions and other electronic appliances are the driving factors for the growth of the Asian in-circuit test market. The growth of the in-circuit test market can be attributed to its low cost and wide area of its application. Demand for the in-circuit test is on the rise in China, which is the primary consumer electronics industry in terms of production and deployment. According to the South China Morning Post, China plans to invest USD 29 billion in the domestic chip industry, which is used in various consumer electronic appliances.

 

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the in-circuit test market. These include Teradyne (US), Test Research (Taiwan), Keysight Technologies (US), HIOKI EE (Japan), and SPEA S.p.A (Italy). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.

 

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, "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.

 

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

Heat-Shrink Tubing Market Segmentation, Application, Technology, Analysis Research Report and Forecast to 2024

The 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.

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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.

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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