Market Overview:
The global electrical hot sticks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electricity and the growing infrastructure development across the globe. In addition, the increasing investment in renewable energy sources is also contributing to the growth of this market. Based on type, fiberglass accounted for a major share of the global electrical hot sticks market in 2017. This can be attributed to its properties such as high strength-to-weight ratio and corrosion resistance. Based on application, transmission line accounted for a major share of the global electrical hot sticks market in 2017.
Product Definition:
An Electrical Hot Stick is a device used by electricians to temporarily replace a live electrical cable. It is important for electricians to use an Electrical Hot Stick because it allows them to work safely without being in direct contact with the live electrical cables.
Fiberglass:
Fiberglass is a type of glass that is made up of sand, along with other materials such as limestone and soda. When sunlight passes through the fiberglass it gets converted into heat energy which then creates steam in the process known as thermal conversion. Fiberglass has various applications in electrical hot sticks market such as; insulation, cable coatings, reinforcing fibers for plastics & rubbers and insulating pipe among others.
Others:
Others is the other raw materials used in electrical hot sticks market. It includes resins, rubbers, plastics and alloys. Others are usually derived from crude oil or natural gas and processed to form various products such as adhesives, sealants and elastomers (CASE), insulators, conductive polymers/plasticsizers etc.
Application Insights:
The power plant segment dominated the global electrical hot sticks market in 2017 and is expected to witness significant growth over the forecast period. The increasing demand for electricity across various developing countries including China, India, Brazil and South Africa is anticipated to boost product demand over the next eight years.
Transmission line was the second-largest application segment in 2017. It is used to carry high voltage electricity from generating stations or transmission lines to distribution lines or customer sites. The growing number of coal-fired power plants across various regions including Asia Pacific and Middle East & Africa are likely to increase energy production which will propel demand for electric hot sticks over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for electrical hot sticks in countries, such as China and India. The growing construction industry in these countries is likely to boost product demand further. In addition, rising need for power plants across various industries including manufacturing, transportation and others are projected to drive regional growth.
Europe accounted for a significant share of global revenue in 2017 owing to high penetration of electric hot sticks on account of new installations as well as replacement projects across several industries including oil & gas, water management etc. However, stringent government regulations regarding carbon emissions may hamper the growth over the next eight years or so. North America region also has a considerable market share due its early adoption by some major players operating in this region coupled with favorable regulatory scenario that allows cost-effective solutions based on wood biomass energy source (wood chips/pellets).
Growth Factors:
- Increasing demand for electrical hot sticks from the construction and infrastructure sectors as a result of rapid urbanization and industrialization.
- Growing demand for electrical hot sticks from the oil & gas sector due to increasing exploration and production activities across the globe.
- Rising popularity of electric vehicles which is expected to lead to an increase in demand for electrical hot sticks in the automotive sector over the next few years.
- Increasing investment in renewable energy projects, which is likely to boost demand for electrical hot sticks used in solar and wind power installations over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Hot Sticks Market Research Report
By Type
Fiberglass, Others
By Application
Transmission Line, Power Plant, Other
By Companies
Honeywell, Schneider, Lakeland Industries, MSA, National Safety Apparel, Ansell, Cintas Corporation, ProGARM, SOFAMEL, Steel Grip, Westex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Hot Sticks Market Report Segments:
The global Electrical Hot Sticks market is segmented on the basis of:
Types
Fiberglass, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transmission Line, Power Plant, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Schneider
- Lakeland Industries
- MSA
- National Safety Apparel
- Ansell
- Cintas Corporation
- ProGARM
- SOFAMEL
- Steel Grip
- Westex
Highlights of The Electrical Hot Sticks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fiberglass
- Others
- By Application:
- Transmission Line
- Power Plant
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Hot Sticks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical hot sticks are devices that use electricity to heat up objects. They are often used in laboratories to quickly heat up small objects, such as test tubes or glass slides.
Some of the major players in the electrical hot sticks market are Honeywell, Schneider, Lakeland Industries, MSA, National Safety Apparel, Ansell, Cintas Corporation, ProGARM, SOFAMEL, Steel Grip, Westex.
The electrical hot sticks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Hot Sticks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrical Hot Sticks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Hot Sticks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrical Hot Sticks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrical Hot Sticks Market Size & Forecast, 2018-2028
4.5.1 Electrical Hot Sticks Market Size and Y-o-Y Growth
4.5.2 Electrical Hot Sticks Market Absolute $ Opportunity
Chapter 5 Global Electrical Hot Sticks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electrical Hot Sticks Market Size Forecast by Type
5.2.1 Fiberglass
5.2.2 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Hot Sticks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electrical Hot Sticks Market Size Forecast by Applications
6.2.1 Transmission Line
6.2.2 Power Plant
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Hot Sticks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrical Hot Sticks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electrical Hot Sticks Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Hot Sticks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electrical Hot Sticks Market Size Forecast by Type
9.6.1 Fiberglass
9.6.2 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electrical Hot Sticks Market Size Forecast by Applications
9.10.1 Transmission Line
9.10.2 Power Plant
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electrical Hot Sticks Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Hot Sticks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electrical Hot Sticks Market Size Forecast by Type
10.6.1 Fiberglass
10.6.2 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electrical Hot Sticks Market Size Forecast by Applications
10.10.1 Transmission Line
10.10.2 Power Plant
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electrical Hot Sticks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Hot Sticks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electrical Hot Sticks Market Size Forecast by Type
11.6.1 Fiberglass
11.6.2 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electrical Hot Sticks Market Size Forecast by Applications
11.10.1 Transmission Line
11.10.2 Power Plant
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electrical Hot Sticks Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Hot Sticks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electrical Hot Sticks Market Size Forecast by Type
12.6.1 Fiberglass
12.6.2 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electrical Hot Sticks Market Size Forecast by Applications
12.10.1 Transmission Line
12.10.2 Power Plant
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electrical Hot Sticks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Hot Sticks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electrical Hot Sticks Market Size Forecast by Type
13.6.1 Fiberglass
13.6.2 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electrical Hot Sticks Market Size Forecast by Applications
13.10.1 Transmission Line
13.10.2 Power Plant
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrical Hot Sticks Market: Competitive Dashboard
14.2 Global Electrical Hot Sticks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Schneider
14.3.3 Lakeland Industries
14.3.4 MSA
14.3.5 National Safety Apparel
14.3.6 Ansell
14.3.7 Cintas Corporation
14.3.8 ProGARM
14.3.9 SOFAMEL
14.3.10 Steel Grip
14.3.11 Westex
