Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A07102 | Pages: NA | Charts: NA | Tables: NA |
Electric vehicle insulation is used to minimalize the effect of heat, sound, and shaking on vehicle as well as the passenger. When the vehicle overheats, it affects the performance of the vehicle and further leads to evaporation of motorized liquids. Furthermore, the shaking of the vehicle damages the its frame and heavy gears. Vehicle insulation confines these damages and helps improve vehicle lifespan, its performance, and also have an effect on the maintenance charges. Therefore, increase in adoption of the electric vehicles with these benefits is expected to boost the product demand.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Insulation Type, Product Type, Application, Propulsion Type, and Region |
Geographies covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and The Middle East and Africa |
Companies covered | Major players analyzed include BASF SE, Morgan Advanced Materials, Alder Pelzer Holding, Saint-Gobain, DuPont, Zotefoams plc, Autoneum, Unifrax, 3M, and Elmelin Ltd. |
Growing concerns over pollution, emerging government regulations & subsidies for electric vehicles, and substantial investments from automakers in electric vehicles drive the growth of the market. However, absence of standardization of charging structure is expected to hamper the growth of the market. On the contrary, scope for further evolution of insulation materials for electric vehicles and scope of growth of autonomous electric vehicles are anticipated to provide lucrative opportunity for the market growth.
The global electric vehicle insulation market trends are as follows:
People have shifted toward renewable resources rather than depending on fossil fuel due to growing concerns of pollution and climate change. In addition, governments across various countries are tightening emission norms. For example, in India, tougher emission norms have been set in 2020 making diesel and petrol engines pricier and less-polluting, which led to increase in adoption of electric vehicles (EVs). EVs emit no greenhouse gases and no air pollutants when compared to a petrol or diesel car even with revised and expensive engines. EVs can also help in reduction of noise pollution. Therefore, with increase in pollution levels, the global electric vehicle sales are expected to increase; thereby, boosting the growth of the electric vehicle insulator market.
Key segments covered:
Segments | Sub-segments |
Insulation Type |
|
Product Type |
|
Application |
|
Propulsion Type |
|
Region |
|
Key benefits of the report:
Questions answered in the global electric vehicle insulation market research report:
Key Market Segments
Key Market Players