North America Heat Shrink Tubing Market 2030: Top Companies, Trends, Growth Factors Details by Regions, Types and Applications

Data Bridge Market Research analyses that the North America Heat Shrink Tubing Market is expected to grow at a CAGR of 6.2% in the forecast period of 2023 to 2030 and is expected to reach USD 858.14 million by 2030. The North America heat shrink tubing market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.

The increase in the capacity for power generation across the globe drives the North America heat shrink tubing market. However, the up-gradation of transmission lines and substations along existing corridors is a cost-effective way to increase transmission capacity. Existing lines can be reconducted to increase transmission capacity (using materials such as composite conductors that can carry higher currents). These materials are currently available but are not widely used because it is difficult to take lines out of service to reconduct new materials. Furthermore, when weather conditions are favorable, all overhead lines can carry current higher than their nominal rating and a real-time rating that could be continuously adjusted would increase available capacity.

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North America Heat Shrink Tubing Market Analysis:

This heat shrink tubing market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Key players operating in the North America Heat Shrink Tubing market include:

ABB
Sumitomo Electric Industries, Ltd.
TE Connectivity
HellermannTyton
Alpha Wire
3M
SHAWCOR
Changchun IAC Technology Co., Ltd.
Zeus Industrial Products, Inc.
Molex
PEXCO
Thermosleeve USA
Techflex, Inc.
Dasheng Group
Prysmian Group
Shenzhen Woer Heat - Shrinkable Material Co., Ltd.
Qualtek Electronics Corp.
Hilltop
Assembly Fasteners, Inc.
Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.
GREMCO GmbH
Recent Development

In March 2021, TE Connectivity launched ATUM series of heat shrink tubes that has an adhesive inside tube bonds with a wide range of rubber, plastics and metals that includes PVC, polyethylene, rubber and aluminium. The high flexibility offered from the shrink tubes make it ideal for repairing cables in industrial applications. The company enhanced its product portfolio delivering more profit to the company.
In December 2020, Hilltop introduced the automatic hot knife cutter that works on tubing webbings, ribbon and braided sleeving. These are in-built with an adjustable temperature and have an automatic job stop when the end of the material is reached for the optical performance every time. The hot knife melts the end of the material and so all cuttings are sealed neatly without the ends fraying.
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North America Heat Shrink Tubing Market Segmentations:

On the basis of type, the heat shrink tubing market is segmented into single wall and dual wall. In 2021, the single wall holds the largest market share in the type segment as it offers superior insulation strain relief and protection against mechanical damage and abrasion versus taping and molding. Moreover, it also provides quick insulation and protection.
On the basis of product type, the heat shrink tubing market is segmented into spools, pre-cut lengths and others. In 2021, spools dominate the overall market with maximum market share owing to their extra insulation adhesive feature. Moreover, increased production of spools by varied manufacturers to cater to the rising demand is also one factor driving the segment growth.
On the basis of material, the heat shrink tubing market is segmented into polyolefin, per fluoroalkoxy alkane (PFA), poly tetra fluoro ethylene (PTFE), ethylene tetra fluoro ethylene (ETFE), fluorinated ethylene propylene (FEP) and others. In 2021, the polyolefin segment holds highest market share as it has excellent physical, chemical and electrical characteristics and is resistant to abrasion and flame. Moreover, polyolefin-based heat shrink tubing is suited to the broadest range of general purpose needs, leading to more revenue generation.
On the basis of voltage, the heat shrink tubing market is segmented into low, medium and high. In 2021, low voltage augments the market with the largest market share owing to its increase in the utilization of heat shrink tubing, mainly for sealing cables and insulation.
On the basis of shrink ratio, the heat shrink tubing market is segmented into 2:1, 3:1, 4:1 and 6:1. In 2021, the 2:1 segment accounts for the highest market share due to faster shrink time, minimizing the installation time and potential damage to heat-sensitive components. It enables ease of installation which allow the tubing to be utilized in all environment.
On the basis of end-user, the heat shrink tubing market is segmented into food & beverage, automotive, utilities, chemical, pharmaceuticals, electronics, IT and telecommunication, aerospace, oil and gas, construction, marine and others. In 2021, the utilities segment dominates the overall market with maximum market share due to the need of protecting the wires and cable from harmful environmental components. Moreover, increase in investment in transmission & distribution infrastructure by the government.
North America Heat Shrink Tubing Market Country Level Analysis

The U.S. dominates the region due to heavy usage in the oil and gas industries that have created a huge competition in the market that leads to the development in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

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