Market Overview:
The global triple insulated wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for triple insulated wires in various end-use applications, such as building construction, railway facilities, and others. In terms of type, the standard type segment is expected to hold a major share of the global market during the forecast period. However, self bonding type is projected to grow at a higher CAGR than standard type over the forecast period. Regionally, North America is estimated to account for a major share of the global triple insulated wire market in 2018 followed by Europe and Asia Pacific respectively.
Product Definition:
Triple insulated wire is a type of electrical wiring that has three layers of insulation. This helps to protect the wire from damage and ensure that it remains safe to use. Triple insulated wire is often used in areas where there is a high risk of electrical shock, such as in industrial or commercial settings.
Standard Type:
The standard type is used in the power and utility wire market. It has a larger cross-section area, which provides more insulation and makes it stiffer. The increase in demand for electricity from consumers drives the need for wires that can carry high electrical loads at a greater distance with less risk of failure. This factor is anticipated to drive the growth of standard type over the forecast period.
Self Bonding Type:
Self-bonding type is used for manufacturing triple insulated wires. It is a process of gluing three or more insulation materials together to form a single wire with improved mechanical strength and flexibility. The self-bonded wires have high tensile strength and are capable of carrying higher current load as compared to the conventional wired products.
The major advantages associated with the product include cost reduction, weight saving, increased efficiency, safety & reliability along with easy installation and maintenance.
Application Insights:
Building construction was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The product has been witnessing an upsurge in demand from various building construction applications, such as electrical cabling systems, fire protection systems, plumbing systems and HVAC (heating, ventilation & cooling) equipment.
The railway facilities segment is also likely to witness significant growth during the forecast period owing to rising demand for TIG welding processes on railway infrastructure projects across developing countries of Asia Pacific and Middle East & Africa regions. In addition, increasing R&D activities by major players are further anticipated to fuel industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising construction activities in countries, such as China, India, Japan and South Korea. In addition, increasing demand for high-rise residential buildings is also likely to drive the regional product demand over the forecast period.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in terms of revenue in 2017 owing to growing application scope across several industries including building & construction and railway facilities. The presence of major railway infrastructure companies including Alstom Grid Ltd., Siemens AG; Euro Rail Services S.A.; Infraestructura y Transporte Ferroviario de Espana (ITF) S A; CAF‰ - Rete Ferroviaria Italiana SpA; MTR Corporation Limited.; Obrascon Huarte Lain S A; etc.
Growth Factors:
- Increasing demand for energy efficient and reliable electrical wiring systems in residential, commercial, and industrial sectors.
- Rapid growth of the construction industry globally, especially in developing countries such as China and India.
- Rising awareness about the benefits of using triple insulated wire among consumers and builders/contractors.
- Technological advancements that have led to the development of more energy-efficient wiring products such as THHN wire insulation .
Scope Of The Report
Report Attributes
Report Details
Report Title
Triple Insulated Wire Market Research Report
By Type
Standard Type, Self Bonding Type
By Application
Building Construction, Railway Facilities, Others
By Companies
Furukawa Electric, TOTOKU ELECTRIC, RR Shramik, Henan Signi Aluminium, Prysmian, Nexans, General Cable, ITACA S.p.A., Furukawa Electric
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Triple Insulated Wire Market Report Segments:
The global Triple Insulated Wire market is segmented on the basis of:
Types
Standard Type, Self Bonding 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
Building Construction, Railway Facilities, 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:
- Furukawa Electric
- TOTOKU ELECTRIC
- RR Shramik
- Henan Signi Aluminium
- Prysmian
- Nexans
- General Cable
- ITACA S.p.A.
- Furukawa Electric
Highlights of The Triple Insulated Wire 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:
- Standard Type
- Self Bonding Type
- By Application:
- Building Construction
- Railway Facilities
- 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 Triple Insulated Wire 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?
Triple insulated wire is a type of electrical wiring that uses three layers of insulation to protect the wires from outside interference. This type of wiring is most commonly used in outdoor applications where it is important to keep the wires as free from moisture and debris as possible.
Some of the key players operating in the triple insulated wire market are Furukawa Electric, TOTOKU ELECTRIC, RR Shramik, Henan Signi Aluminium, Prysmian, Nexans, General Cable, ITACA S.p.A., Furukawa Electric.
The triple insulated wire 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 Triple Insulated Wire 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 Triple Insulated Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Triple Insulated Wire 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 Triple Insulated Wire 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 Triple Insulated Wire Market Size & Forecast, 2018-2028
4.5.1 Triple Insulated Wire Market Size and Y-o-Y Growth
4.5.2 Triple Insulated Wire Market Absolute $ Opportunity
Chapter 5 Global Triple Insulated Wire 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 Triple Insulated Wire Market Size Forecast by Type
5.2.1 Standard Type
5.2.2 Self Bonding Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Triple Insulated Wire 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 Triple Insulated Wire Market Size Forecast by Applications
6.2.1 Building Construction
6.2.2 Railway Facilities
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Triple Insulated Wire 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 Triple Insulated Wire 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 Triple Insulated Wire Analysis and Forecast
9.1 Introduction
9.2 North America Triple Insulated Wire 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 Triple Insulated Wire Market Size Forecast by Type
9.6.1 Standard Type
9.6.2 Self Bonding 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 Triple Insulated Wire Market Size Forecast by Applications
9.10.1 Building Construction
9.10.2 Railway Facilities
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 Triple Insulated Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Triple Insulated Wire 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 Triple Insulated Wire Market Size Forecast by Type
10.6.1 Standard Type
10.6.2 Self Bonding 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 Triple Insulated Wire Market Size Forecast by Applications
10.10.1 Building Construction
10.10.2 Railway Facilities
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 Triple Insulated Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Triple Insulated Wire 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 Triple Insulated Wire Market Size Forecast by Type
11.6.1 Standard Type
11.6.2 Self Bonding 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 Triple Insulated Wire Market Size Forecast by Applications
11.10.1 Building Construction
11.10.2 Railway Facilities
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 Triple Insulated Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Triple Insulated Wire 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 Triple Insulated Wire Market Size Forecast by Type
12.6.1 Standard Type
12.6.2 Self Bonding 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 Triple Insulated Wire Market Size Forecast by Applications
12.10.1 Building Construction
12.10.2 Railway Facilities
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) Triple Insulated Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Triple Insulated Wire 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) Triple Insulated Wire Market Size Forecast by Type
13.6.1 Standard Type
13.6.2 Self Bonding 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) Triple Insulated Wire Market Size Forecast by Applications
13.10.1 Building Construction
13.10.2 Railway Facilities
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 Triple Insulated Wire Market: Competitive Dashboard
14.2 Global Triple Insulated Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Furukawa Electric
14.3.2 TOTOKU ELECTRIC
14.3.3 RR Shramik
14.3.4 Henan Signi Aluminium
14.3.5 Prysmian
14.3.6 Nexans
14.3.7 General Cable
14.3.8 ITACA S.p.A.
14.3.9 Furukawa Electric
