The electrical insulation materials market is expected to increase from USD 10.70 billion in 2023 to USD 20.28 billion by 2033. Increasing Demand from the Electronics and Electrical Industries Electric motor insulation materials provide resistance to electric current. Electric motor insulation techniques include wire insulation, slot, and phase insulation, winding impregnation, sleeve insulation, and winding leads …
Tag Archives: Electrical Insulation Materials Market Outlook
Electrical Insulation Materials Market projected to increase at a robust 6.4% CAGR by 2031
Increasing application of electrical insulation materials in the electrical and electronics sector for various machines, devices, and equipment is expected to propel sales. Future Market Insights finds, the global electrical insulation materials market is projected to reach US$ 9.42 Bn in 2021. As per the study, the sales are poised to expand at 6.4% CAGR, surpassing US$ 17.53 Bn in 2031. Rising demand …