High Voltage Insulator Coating (HVIC) is used on excessive voltage insulators to forestall flashover and arcing, particular in severely contaminated environments. Since its introduction to the market in the mid 1980’s, current HVIC products are now the first products to offer the user a number of previously unavailable benefits, such as much better adhesion and superior electrical properties.
Market Analysis and Insights: Global High Voltage Insulator Coating (HVIC) Market
Due to the COVID-19 pandemic, the global High Voltage Insulator Coating (HVIC) market size is estimated to be worth US$ 209 million in 2022 and is forecast to a readjusted size of US$ 245.2 million by 2028 with a CAGR of 2.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, RTV HVIC accounting for % of the High Voltage Insulator Coating (HVIC) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Electric Grid segment is altered to an % CAGR throughout this forecast period.
The major players in global High Voltage Insulator Coating (HVIC) market include Hebei Guigu Chemical, CSL Silicone, Chengdu Tuoli Technology, etc. The top 3 players occupy about 20% shares of the global market. Asia Pacific is the main market, and occupies about 80% of the global market. Enhanced/Functional HVIC is the main type, with a share about 60%. Electric Grid is the main application, which holds a share over 85%.
Global High Voltage Insulator Coating (HVIC) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global High Voltage Insulator Coating (HVIC) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
RTV HVIC
Enhanced/Functional HVIC
Segment by Application
Electric Grid
Power Station
Others
By Company
Hebei Guigu Chemical
CSL Silicones
Chengdu Tuoli Technology
Dow
Wacker Chemie AG
Midsun Group
DuPont
Fujian RuiSen New Materials
Tianjin Dalu Power Technology
Shaanxi Wangyuan Power Equipment
Tianjin Guodian Xinneng Power Technology
Liaoning Hualong Power Technology
Production by Region
North America
Europe
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina