Electrical insulation papers are materials with pure cellulose content that render them with electrical insulation properties. These papers are primarily used for high voltage engineering applications. What makes them ideal for applications such as these are due to factors such as high mechanical strength, petite size, and superior resistance properties. The growing demand for electricity is what has driven a surge in the global electrical insulation paper market. Be it in the commercial, industrial or residential sectors respectively. This market is projected to develop substantially on account of increased adoption in cable insulation, transformer insulation, capacitor insulation, electrical bushings, transformer winding, conductor insulation, and other electronics. What is expected to augment the surge of the global electrical insulation paper market is the requirement for effective insulation materials.
Market.us has recently published a market research report titled, “Global Electrical Insulation Paper Market by Type, and by Application – Forecast from 2019 to 2028”. This report offers an in-depth analysis of the electrical insulation paper market. It is through meticulous research efforts, both primary and secondary, that the research results have been painstakingly examined over the study period. The global electrical insulation paper market is projected to have a valuation of over US$ 1.9 billion, from its estimated revenue of US$ 1.1 billion generated in 2018.
Some of the primary factors that are slated to aid in the growth of the global electrical insulation paper market are an increased distribution of electricity to rural areas, increased transmission and disbursement activities on a global scale, and an overall improvement in regulations. Other elements that are contributing to the embracement of electrical insulation papers globally are product innovations and the advancements being made in the development of compact electrical equipment.
Electrical Insulation Paper Market: Dynamics
What is expected to be an accelerant in the use and growth of electrical insulation papers in the transformer industry is the melioration of power and the ever-increasing requirement for electricity in both developing as well as developed countries. The application of electrical insulation papers in devices such as wind turbines as well as the rising awareness and need for renewable energy will assist in the expansion of the global electrical insulation paper market.
On the other hand, the economic recession in the western world and the corresponding saturation of growth in European countries are expected to logjam the evolution of the electrical insulation paper market. Regardless, the increasing implementation of insulation papers in the construction industry and its ever-expanding footprint of this industry, especially in developing countries, are expected to have a positive impact on this market’s growth.
Global Electrical Insulation Paper Market: Segmental snapshot
The global electrical insulation paper market can be segmented on the basis of product type, application, and region. Product type: the market is segmented to Nomex, TufQUIN, Semiconductor paper, and Mica, amongst others. A major part of the global electrical insulation paper market is accounted for by the NOMEX segment. Application: segmentation occurs in the form of barrier insulation, conductor insulation, end-filling, power cable insulation, etc. Here, the lion’s share (38.7%) of the global electrical insulation paper market belongs to that of power cable insulation.
Region: on the grounds of regions, the market is segmented into North America, Europe, South America, Asia-Pacific, and MEA. A major share of the global electrical insulation paper market is owned by Asia-Pacific accounts. This is due to their mushrooming commercial development and increasing levels of industrialization. Close in second place, is the European region. The region that is indexed to have the highest rate of growth over the forecasted tenure is the Asia-Pacific region.
Global Electrical Insulation Paper Market: Competitive Analysis/h3>
The global electrical insulation paper market research report includes company profiles of major players such as Cottrell Paper Company Inc., 3M Company, ABB Ltd., Teijin Limited, Delfortgroup AG, Nitto Denko Corporation, Von Roll Holding AG, Miki Tokushu Paper Mfg. Co. Ltd., Yantai Metastar Special Paper Co. Ltd., Weidmann Electrical Technology AG, DowDuPont Inc., etc.