Electrical Insulation Materials Market worth $14.3 billion by 2027 - Exclusive Report by MarketsandMarkets™
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星期五, 九月 23, 2022
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CHICAGO, Sept. 23, 2022 /PRNewswire/ -- Electrical Insulation Materials Market size is projected to grow from USD 10.6 billion in 2022 to USD 14.3 billion by 2027, at a CAGR of 6.2% between 2022 and 2027, according to a new report by MarketsandMarkets.
Key Points:
- CHICAGO, Sept. 23, 2022 /PRNewswire/ -- Electrical Insulation Materials Market size is projected to grow from USD 10.6 billion in 2022 to USD 14.3 billion by 2027, at a CAGR of 6.2% between 2022 and 2027, according to a new report by MarketsandMarkets.
- Electrical insulation materials are used in electrical systems to prevent unwanted flow of current to the earth from the supporting points.
- The thermoplastics segment is estimated to lead the electrical insulation materials market during the forecast period.
- The rising use of electrical insulation materials owing to high growth in automation in construction industry and rise in sales of electric vehicles (EVs), drives the electrical insulation materials market.