23 September 2019
Heat Shrink Tubing Market Report 2019-2029: Forecasts by Voltage (Low, Medium, and High), Material (Polyolefin, Polytetrafluoroethylene, Fluorinated Ethylene Propylene), End-User (Utilities, Chemical, Automotive, Food & Beverage), by Region and Analysis of Leading Companies indicates that the Global Heat Shrink Tubing Market was valued at $4.5 billion by 2029.
Most of the development in the global market for heat-shrink tubing is the consequence of increasing use of heat-shrink tubes in the power generation industry. In low-voltage electrical appliance insulation, the pipes can be useful. Because of which their demand increases exponentially over time. In addition, the development of polyofin components in multiple industrial applications such as the manufacture of aerospace components is also a significant factor anticipated to stimulate the development of the global market for heat shrinking tubes in the forecast period.
The increasing use of heat-shrinking pipes in automobiles for insulating the engine compartment, the food and beverage industry for packaging, the fire-proofing of assets and the electronic industry for protecting live wires from hazardous environments also fuel the development of the global market for heat-shrinking tubing market over the forecast period.
During the forecast period, the low voltage segment is anticipated to be the biggest market for heat-shrink tubing. This development can be related primarily to the increasing demand for sustainable and reliable power supply, mostly in the Asia Pacific and Middle East & Africa rural regions. Increasing investments in age old electrical infrastructure in T&D networks and the rising need to safeguard electrical circuit devices further drive the heat-shrink tubing market for low voltage.
Geographically, in regions across North America, Europe, Asia Pacific, Middle East and Africa, the global heat-shrink tubing market has its scope. The Asia Pacific is anticipated to experience highest market growth from these areas. Market growth in the region is the consequence of increasing national implementation of tubes in nations like India and China. In addition, the growing number of public projects in national and industrial applications to use heat-shrink tubes further fuel market growth in the region.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The pace of progress and development of the global supply chain is likely to be strongly influenced in the near term by the growth in turbine generating capacity, rising toward 15 MW.
19 February 2021
In recent years, battery energy storage (BES) techniques are fast developing due to the advancement of power electronics and battery technology. This leads to their increasing applications in power systems for different objectives.
17 February 2021
The aim of this report is to provide detailed market, technology and industry analyses to help readers quantify and qualify the market for molten salt reactors technologies used in to generate electricity. Special emphasis is given to ongoing research into improved efficiencies of molten salt reactors.
16 February 2021
Large proven oil & gas reserves of Canada coupled with growing investments in the building the country’s oil & gas infrastructure is expected to augment the demand for Canadian oil & gas. Favourable government policies and high demand for LNG from countries other than the U.S. is also anticipated to drive demand over the forecast period.