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Kenneth Research released a report titled “Electrical Insulating Varnish Market : Global Demand Analysis & Opportunity Outlook 2030″ which also includes some of the most important market analysis metrics such as industry growth drivers, restraints, supply and demand risk, as well as the impact of COVID-19 and a detailed discussion of the latest trends and future opportunities that are associated with the market growth.
The International Energy Agency (IEA), in one of its statistics, said that the global electric car fleet will reach 4.79 million in 2019, up from 0.02 million in 2010.
Get a sample PDF of this report at: https://www.kennethresearch.com/sample-request-10352383.
These statistics illustrate the growing demand for electric vehicles around the world, supported by the growing concern for environmental pollution. Electric motors are widely used in electric vehicles and thus, with the growing demand for these vehicles, the need for isolating motors used in these vehicles is also expected to increase, and in turn, drive the market growth.
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The global electrical insulating varnish market is expected to grow with a CAGR of 3.8% during the forecast period, i.e., 2021 to 2030. The market is expected to generate revenue of $2828.6 million US by the end of 2030. Also, in 2020, the market recorded revenue of USD 1895.0 million. The market is segmented by product type into wire enamels, silicon insulating varnishes, bonding varnishes, coating varnishes and others. Wire enamels segment, among all other segments, is expected to garner the largest revenue of US$984.6 million by the end of 2030. Additionally, the segment generated revenue of US$680.5 million during the year 2020.
By region, the global electrical insulating varnish market is segmented into five major regions including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific market, compared to that of all other regions, is expected to garner the largest revenue of US$1167.5 million by the end of 2030. In addition, the region’s market has generated revenue of USD 729.6 million in 2020.
View the full report at https://www.kennethresearch.com/report-details/electrical-insulating-varnish-market/10352383
The study is global in nature and covers detailed analysis of the market in North America (US, Canada), Europe (UK, Germany, France, Italy, Spain, France, Italy) and South America , Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC [Finlande, Suède, Norvège, Danemark]Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia , Australia, New Zealand, rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Arabie Saoudite, EAU, Bahreïn, Koweït, Qatar, Oman], North Africa, South Africa, rest of the Middle East and Africa). Further, the analysis including market size, annual growth and opportunity analysis, competitive study of market players, investment opportunities, demand for future prospects, etc. was also covered and featured in the research report.
However, the complexity of manufacturing the product, along with the lack of awareness regarding the availability of different types of varnishes, is expected to hamper the market growth in the coming years.
This report also provides the existing competitive scenario of some of the major players in the global Electrical Insulating Varnish Market which includes company profiling of NITTO DENKO CORPORATION, DuPont de Nemours, Inc, KYOCERA Corporation, Axalta Coating Systems, LLC, Von Roll Holding AG, SHOWA DENKO KK, Sichuan Dongfang Insulating Material Co., Ltd, ELANTAS GmbH (ALTANA AG), Momentive Performance Materials Inc, Power Varnish, and others.
Profiling includes key business information, including business overview, products and services, key financials, and recent news and developments. In conclusion, the report titled “Electrical Insulating Varnish Market: Global Demand Analysis & Opportunity Outlook 2030” analyzes the entire global Electrical Insulating Varnish industry to help newcomers understand the market details. In addition to this, this report also guides existing players looking to expand and major investors looking to invest in the global Electrical Insulating Varnish market in the near future.
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Kenneth Research is a leading service provider of strategic market research and consulting. Our aim is to provide unbiased and unmatched market intelligence and industry analysis to help industries, conglomerates and executives make sound decisions for their future marketing strategy, expansion and investments etc. We believe that any business can expand to new horizons, provided it is guided at the right time by strategic minds. We believe that every company can develop towards new horizons, provided that it is guided at the right time by strategic minds.
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