Market Overview:
The global high voltage insulator coating (HVIC) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for HVIC from power stations, electric grids, and other applications. In terms of type, the high solid content type is expected to dominate the market during the forecast period. This can be attributed to its superior properties such as resistance against abrasion and corrosion.
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Product Definition:
A High Voltage Insulator Coating (HVIC) is a specialized coating that is applied to high voltage insulators in order to protect them from the elements. The HVIC helps to keep the insulators dry and free from contaminants, which can cause electrical problems and short circuits.
High Solid Content Type:
High solid content type is a high melting point solid material that has more than 60% of solids content by weight. The most commonly used high solid content materials are lead, tin, bismuth and tungsten. These materials have the ability to withstand higher temperatures as compared to low-solid based alloys which makes them suitable for use in HVIC applications.
The global market size was valued at USD 1.6 billion in 2015.
Normal Type:
The normal type is a coating material which has low dielectric constant and high resistivity. It consists of graphite, mica and silica. The most commonly used materials in the production of normal type coatings are graphite, mica and silica.
Application Insights:
The power station segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from renewable energy projects, such as wind and solar plants, across the globe. Rapid urbanization coupled with rising electricity costs is driving consumers towards using renewable sources of energy, which further propels product demand in this application segment.
HVIC coatings are used for insulating high voltage equipment on electric grids across various regions owing to their ability to withstand high electrical resistivity without suffering any damage or failure. These coatings also help reduce maintenance cost by avoiding breakdowns due to corrosion caused by moisture penetration into electronic components during heavy rains or thundershowers that often occur during summer season around the world.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing construction activities in emerging economies, such as China and India. For instance, according to a 2017 World Bank Group document titled “China 2030â€, around USD X trillion worth of new electric grid infrastructure is expected to be built in China by 2030 which would require high voltage insulation coatings for protection. This scenario is projected to propel product demand over the next eight years or so.
Europe was estimated as the second-largest regional market in terms of revenue after Asia Pacific with a share of more than 20% in 2016 owing mainly to large power generation capacities installed across countries including Germany and Russia that require HVIC for operation & maintenance purposes at higher voltages on a regular basis.
Growth Factors:
- Increasing demand for high voltage insulators from the power sector: The global power sector is witnessing significant growth, with the installed capacity of renewable energy sources such as wind and solar increasing at a rapid pace. This is resulting in an increased demand for high voltage insulators, which HVIC can cater to effectively.
- Growing investments in electrical infrastructure: There is a growing need for better electrical infrastructure across the world, especially in developing countries. This provides opportunities for HVIC to expand its market presence by catering to this growing demand.
- Technological advancements: The HVIC market is constantly evolving with new technological advancements being introduced regularly. This allows companies operating in this space to bring innovative products and services to the market, which helps them stay ahead of competition and grow their businesses rapidly.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Voltage Insulator Coating (HVIC) Market Research Report
By Type
High Solid Content Type, Normal Type
By Application
Power Station, Electric Grid, Others
By Companies
CSL Silicones Inc., SANERGRID, Dow, High Line Division SL, DuPont., CHARCOAT, Fujian Ruisen New Materials Co., Ltd., High Voltage Solution, Yahya Salman al Ghazwani Est., MIDSUN GROUP INC
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global High Voltage Insulator Coating (HVIC) Market Report Segments:
The global High Voltage Insulator Coating (HVIC) market is segmented on the basis of:
Types
High Solid Content Type, Normal Type
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
Power Station, Electric Grid, Others
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:
- CSL Silicones Inc.
- SANERGRID
- Dow
- High Line Division SL
- DuPont.
- CHARCOAT
- Fujian Ruisen New Materials Co., Ltd.
- High Voltage Solution
- Yahya Salman al Ghazwani Est.
- MIDSUN GROUP INC
 Market Overview.svg)
Highlights of The High Voltage Insulator Coating (HVIC) 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:
- High Solid Content Type
- Normal Type
- By Application:
- Power Station
- Electric Grid
- Others
- 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 High Voltage Insulator Coating (HVIC) 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
 Market Statistics.svg)
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?
High voltage insulation coating (HVIC) is a type of insulation coating that is used on electrical equipment and wiring. It helps to protect the equipment from damage caused by high voltages.
Some of the major players in the high voltage insulator coating (hvic) market are CSL Silicones Inc., SANERGRID, Dow, High Line Division SL, DuPont., CHARCOAT, Fujian Ruisen New Materials Co., Ltd., High Voltage Solution, Yahya Salman al Ghazwani Est., MIDSUN GROUP INC.
The high voltage insulator coating (hvic) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Voltage Insulator Coating (HVIC) 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 High Voltage Insulator Coating (HVIC) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Voltage Insulator Coating (HVIC) 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 High Voltage Insulator Coating (HVIC) 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 High Voltage Insulator Coating (HVIC) Market Size & Forecast, 2020-2028
4.5.1 High Voltage Insulator Coating (HVIC) Market Size and Y-o-Y Growth
4.5.2 High Voltage Insulator Coating (HVIC) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 High Solid Content Type
5.2.2 Normal Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Power Station
6.2.2 Electric Grid
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Voltage Insulator Coating (HVIC) 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 High Voltage Insulator Coating (HVIC) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 High Solid Content Type
9.6.2 Normal Type
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 Market Size Forecast by Applications
9.10.1 Power Station
9.10.2 Electric Grid
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 High Solid Content Type
10.6.2 Normal Type
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 Market Size Forecast by Applications
10.10.1 Power Station
10.10.2 Electric Grid
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 High Solid Content Type
11.6.2 Normal Type
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 Market Size Forecast by Applications
11.10.1 Power Station
11.10.2 Electric Grid
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 High Solid Content Type
12.6.2 Normal Type
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 Market Size Forecast by Applications
12.10.1 Power Station
12.10.2 Electric Grid
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 High Solid Content Type
13.6.2 Normal Type
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) Market Size Forecast by Applications
13.10.1 Power Station
13.10.2 Electric Grid
13.10.3 Others
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 High Voltage Insulator Coating (HVIC) Market: Competitive Dashboard
14.2 Global High Voltage Insulator Coating (HVIC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CSL Silicones Inc.
14.3.2 SANERGRID
14.3.3 Dow
14.3.4 High Line Division SL
14.3.5 DuPont.
14.3.6 CHARCOAT
14.3.7 Fujian Ruisen New Materials Co., Ltd.
14.3.8 High Voltage Solution
14.3.9 Yahya Salman al Ghazwani Est.
14.3.10 MIDSUN GROUP INC
