The heat-shrink tubing refers to shrinkable tubes usually made of plastic to insulate wires. These tubes offer environmental protection as well as abrasion resistance for stranded and solid wire conductors, connections, and joints. Heat-shrink tubing forms an essential component in electrical transmission and distribution and is widely used in sealing cables. Government initiatives for improving T&D systems are likely to account for high market demand in the APAC region during the forecast period.
MARKET DYNAMICS
The heat-shrink tubing market is anticipated to grow in the forecast period owing to driving factors such as initiatives by the government towards expansion and Upgradation of transmission and distribution systems. A steady rise in the global power generation capacity is further expected to propel market growth. However, stringent regulations on the emission of toxic gases may hamper the growth of the heat-shrink tubing market during the forecast period. Nevertheless, increasing applicability in the automotive industry is expected to showcase growth opportunities to the players operating in the heat-shrink tubing market in the coming years.
MARKET SCOPE
The "Global Heat-Shrink Tubing Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of heat-shrink tubing market with detailed market segmentation by voltage, material, end user and geography. The global heat-shrink tubing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading heat-shrink tubing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global heat-shrink tubing market is segmented on the basis of voltage, material, and end user. Based on voltage, the market is segmented as low, medium, and high. On the basis of the material, the market is segmented as polyolefin, polytetrafluoroethylene, fluorinated ethylene propylene, and others. The market on the basis of the end user is classified as utilities, chemical, automotive, food & beverage, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global heat-shrink tubing market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The heat-shrink tubing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting heat-shrink tubing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the heat-shrink tubing market in these regions.
MARKET PLAYERS
The reports cover key developments in the heat-shrink tubing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from heat-shrink tubing market are anticipated to lucrative growth opportunities in the future with the rising demand for heat-shrink tubing in the global market. Below mentioned is the list of few companies engaged in the heat-shrink tubing market.
The report also includes the profiles of key heat-shrink tubing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- 3M Co
- ABB Ltd.
- Alpha Wire
- HellermannTyton GmbH
- Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.
- Insultab
- Qualtek Electronics Corporation
- Shenzhen Woer Heat - Shrinkable Material Co., Ltd.
- Sumitomo Electric Industries, Ltd.
- TE Connectivity Ltd
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