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2021
Electrical Insulation Materials Market

Electrical Insulation Materials Market by Type (Thermoplastics, Epoxy Resin, Ceramic, and Others), and Application (Power Systems, Electronics Systems, Cables & Transmission Lines, Domestic Portable Appliances, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030 by Type (Thermoplastics, Epoxy Resin, Ceramic, and Others), and Application (Power Systems, Electronics Systems, Cables & Transmission Lines, Domestic Portable Appliances, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Dec 2021 | 25 Views
   
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COVID-19

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In electric motors, insulation materials provide resistance to electric current. Wire insulation, slot & phase insulation, winding impregnation, sleeve insulation, and winding leads insulation are some of the insulation techniques used in electric motors. Insulation materials used in electric motors are classified according to their thermal properties on a global scale. Cotton, silk, and paper are examples of class A insulation materials; mica, glass fiber, and asbestos are examples of class B insulation materials. Mica, porcelain, glass, and quartz are class C insulation materials; class E insulation materials are insulating materials that can withstand a temperature of up to 120°C; class F insulation materials can withstand a temperature of up to 155°C; and class H insulation materials can withstand a temperature of up to 180°C.

Market Scope and Structure Analysis

Report Metric

Details

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

   Segments Covered

  Type, Application, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies Covered

AEGROUP, ALTANA, DuPont, Ganapathy Industries, Henkel Ltd, IMPEX INSULATION, Jufeng, KREMPEL GmbH, Sahney Insulation Group, Sichuan Dongfang Insulating Material Co., Ltd, UKRPROMVNEDRENIE, Vitar Insulation Manufacturers Ltd, Von Roll Holding AG

 

COVID-19 Impact analysis

  • The disease has spread to almost every country since the COVID-19 virus outbreak in December 2019, prompting the World Health Organization to declare it a public health emergency. The global effects of the coronavirus disease 2019 (COVID-19) are already being felt, and the electric motor insulation material market will be significantly impacted in 2020. Flight cancellations, travel bans, and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries declared states of emergency; massive supply chain slowdown; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about the future have all been impacted by the COVID-19 outbreak. This has affected the electrical insulation materials market.

Top Impacting Factors
The increased use of nanocomposite materials in electric motor insulation systems has resulted in increased motor output. Due to their exceptional characteristics such as volume resistivity, improved space charge accumulation, thermal conductivity, and direct current (DC) breakdown, demand for nanocomposite-based insulation materials in electric motors is expected to rise. Micro and Nanotechnologies can be used to develop new insulation systems for electric motors that operate at high temperatures and under high electrical stress. Material performance, energy-efficient processes, and low-cost manufacturing routes have all improved owing to micro and nanotechnologies.  
Market Trends 

  • Electrical insulation materials market is growing because compact electric motors are frequently used in miniature appliances with a wide range of power supply, such as heavy appliances, portability, or replacement of faulty components. Furthermore, government agencies take steps to reduce pollution caused by increased carbon emissions from vehicles. These government initiatives are expected to boost the global electric motor insulation material market during the forecast period.
  • The European government has encouraged customers to adopt eco-friendly vehicles by eliminating fuel consumption taxes for plug-in vehicles, and the Japanese government has deducted tax and promoted the adoption of eco-friendly vehicles, which is driving the global electric motor insulation material market. 
  • High energy and efficiency motors are being used in agriculture and industry in countries like China, Argentina, Brazil, and the U.S. Furthermore, the global electric motor insulation material market is being boosted by the rising demand for HVAC (heating, ventilation, and air conditioning) applications in the agriculture sector.
  • The global electric motor insulation material market is expected to be hampered by rising raw material prices, high initial purchase costs, and a lack of awareness of the benefits of electric motors. In addition, the replacement of electric motors in gas turbines in large industries is expected to slow the market growth.
  • The global electric motor insulation market will grow in the forecast period due to the increasing use of servomotors, direct-drive motors for appliances, and automated guided vehicles (AVG). The tremendous advantages of electric motors will drive the global electric motor insulation market.
  • Due to continuous increasing industrialization and increasing demand for high efficiency and energy saving motor in countries such as China, Indonesia, and India, Asia-Pacific is expected to dominate the global electric motor insulation market. 
  • In the forecast period, increased inclination for electric motors in Europe and North America will accelerate the global electric motor insulation material market.
  • Electric motor insulation materials that are flexible are used for a variety of voltages and temperature classes.
  • Insulated wires are protected from steel cores by flexible electric motor insulation materials. These materials keep wires in place while also providing a phase-to-phase barrier for the electric motor. In electric motors, these flexible insulation materials are primarily used for phase insulations, slot liners, wedges, and slot closures. 
  • The rise in global electricity consumption, as well as the increased use of electrical equipment and machines in various industries and the renewables sector, are driving the electric motor insulation material market growth over the forecast period.
  • In the near future, demand for flexible electric motor insulation materials for use in AC and DC electric motors is expected to rise.
  • The global electric motor insulation material market is expected to be driven by an increase in demand for flexible electric motor insulation materials due to their mechanical toughness, chemical compatibility, and exceptional thermal protective characteristics. 
  • To gain market share, leading players in the global electric motor insulation material market focus on strengthening their distribution channels. Furthermore, these companies concentrate on developing new products through innovative manufacturing processes and the use of cutting-edge technology. The following companies are major players in the global electric motor insulation material market: AEGROUP, ALTANA, DuPont, Ganapathy Industries, Henkel Ltd, IMPEX INSULATION, Jufeng, KREMPEL GmbH, Sahney Insulation Group, Sichuan Dongfang Insulating Material Co., Ltd, UKRPROMVNEDRENIE, Vitar Insulation Manufacturers Ltd., and Von Roll Holding AG

Key Segments Covered

Segment

Sub-segment

   Type

  • Thermoplastics
  • Epoxy Resin
  • Ceramic
  • Others

   Application

  • Power Systems
  • Electronics Systems
  • Cables & Transmission Lines
  • Domestic Portable Appliances
  • Others

   Region

  North America

  • U.S.
  • Canada
  • Mexico

   Europe

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe

 

  Asia-Pacific 

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific

  LAMEA

  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the electrical insulation materials market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the electrical insulation materials market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the electrical insulation materials market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed electrical insulation materials market analysis based on competitive intensity and how the competition will take shape in coming years.  

Questions Answered in the Electrical Insulation Materials Market Report

  • Who are the leading market players active in the electrical insulation materials market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is electrical insulation materials?
  • What does electrical insulation materials allow organizations to achieve?
  • Which technologies combine to make electrical insulation materials critical organizational asset?
  • What are the current trends and predicted trends?                                                                                
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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