The Global Heat Shrink Tubing (HST) Market size was estimated at USD 2.16 billion in 2023 and is projected to reach USD 3.13 billion in 2030 at a CAGR of 5.46% during the forecast period 2023-2030.
The growth in power generation capabilities on a global scale is the primary driver behind the heat shrink tubing market. Nevertheless, the enhancement of transmission lines and substations along existing pathways represents a cost-effective approach to augment transmission capacity.
Get Free Sample Report@ https://www.delvens.com/get-free-sample/heat-shrink-tubing-hst-market
Heat shrink tubing is used to insulate wire providing abrasion resistance and environmental protection for the stranded solid wire conductors with connections, joints, and terminals in electrical work. In general, a tube with a lower shrink temperature will shrink faster.
The growth in power generation capabilities on a global scale is the primary driver behind the heat shrink tubing market. Nevertheless, the enhancement of transmission lines and substations along existing pathways represents a cost-effective approach to augment transmission capacity.
Top Key Competitors of Heat Shrink Tubing (HST) Market:
· 3M
· ABB
· Alpha Wire
· Changchun Heat Shrinkable Materials
· Dasheng Group
· GREMCO GmbH
· Guanghai Materials
· HellermannTyton
· Hilltop
· Huizhou Guanghai Electronic Insulation Materials Co., Ltd.
· Insultab
· Panduit
· Prysmain Group
· Qualtek
· Sumitomo Electric
· TE Connectivity
· Techflex, Inc.
· Thermosleeve
· Woer
· Zeus and More
For More Inquiry Contact us@ https://www.delvens.com/Inquire-before-buying/heat-shrink-tubing-hst-market
Heat Shrink Tubing (HST) Market Segmentations:
By Voltage
· Low Voltage
· Medium Voltage
· High Voltage
By Material
· Polyolefin
· Polytetrafluoroethylene
· Fluorinated Ethylene Propylene
· Perfluoroalkoxy Alkane
· Ethylene Tetrafluoroethylene
· Others
By End-User
· Utilities
· Chemical
· Automotive
· Food & Beverage
· Others
Recent Developments
· In April 2023, TE Connectivity announced the new EV Single Wall (EVSW) tubing specifically designed for high voltage applications and safely insulating and protecting conductive components and cables. This product is a single wall tube with the prime focus of providing electrical insulation and protection for high-voltage components in electric vehicles. This will help the company to diversify its product portfolio and meets the unique challenges of EV applications.
· In February 2023, Molex released a miniaturization report, stating expert insights and innovations in product design engineering and leading-edge connectivity. Through this miniaturization, the company has increased the effectiveness of products and their safety too. This development enhanced the company’s product line and it made a positive impact on the growth of the global heat shrink tubing market.
Access Full Report@ https://www.delvens.com/report/heat-shrink-tubing-hst-market
Browse More Reports from Delvens:
Global High-Voltage (HV) Cable Market size was estimated at USD 40.5 billion in 2023 and is projected to reach USD 59.3 billion in 2030 at a CAGR of 5.6% during the forecast period 2023-2030.
Global Power Grid Market size was estimated at USD 279.6 billion in 2023 and is projected to reach USD 410 billion in 2030 at a CAGR of 5.6% during the forecast period 2023-2030.
Global Energy Storage Solutions (ESS) Market size was estimated at USD 46.4 billion in 2023 and is projected to reach USD 114.3 billion in 2030 at a CAGR of 13.75% during the forecast period 2023-2030.
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-3290-6466
+1 214-377-1144
