Power and Water - Top 10 Largest Utility Companies in the World
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NEWS
Government Initiatives to Expand
and Upgrade T&D Systems and
Increasing Power Generation
Capacities
The Global Heat-Shrink Tubing Market is Projected to Reach USD 2.3 Billion By 2024
from an Estimated USD 1.8 Billion in 2019, at a CAGR of 5.3%
48
This growth can be attributed to factors such as government initiatives to expand and
upgrade T&D systems and increasing power generation capacities.
The polyolefin segment is expected to be the largest heat-shrink tubing market, by
material, during the forecast period
The polyolefin segment is expected to be the largest heat-shrink tubing market, by material,
during the forecast period. Polyolefin is the most used material for heat-shrinkable tubes. It forms
a dense network of high molecular weight, which improves impact strength, Environmental
Stress Crack Resistance (ESCR), and creep and abrasion resistance without influencing the
tensile strength and density. It finds a wide application in packaging and electrical insulation
industries for mechanical and environmental protection. The major end-users of polyolefin heatshrink
tubing are aerospace, military, and telecommunications.
The low voltage segment is expected to be the fastest-growing heat-shrink tubing market, by
voltage, during the forecast period
The low voltage segment is estimated to be the fastest-growing heat-shrink tubing market,
by voltage, during the forecast period. Massive T&D network expansions and increasing
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