Press release
Electric Motor Insulation Material Market: Industry Analysis and Detailed Profiles of top Industry Players
Increasing raw material price, high initial purchase cost as well as lack of awareness of the advantages of electric motor is anticipated to hinder the global electric motor insulation material market. Furthermore, replacement of the electric motor in gas turbine in large industries is correspondingly expected to decline the growth of this market.
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Due to escalating usage of servo motor, direct-drive motor for appliance and automated guided vehicle (AVG) are shifting from conventional motor to electric motor and tremendous advantages of electric motors will hike the global electric motor insulation market in the forecast period.
Due to the highly adoption of automation in manufacturing process while winding are being pulled or inserted in, surface insulating material due to high coefficient of thermal conduction. As we know that electric motors are used in compressors, lathe machines, automotive vehicles, power tools, disk drive these are increasing the global electric motor insulation market. For increasing the operating life, low maintenance require, low energy consumption and high endurance for fluctuating voltages electric motor gain high traction in the market. Due to overload, fluctuating load that may excessively the operating temperature that may reduce the reliability of motor for that a process is using thermal ageing of insulation.
There is some factor which may affect the life of insulation material moisture, temperature and repeated voltage and chemical vapor. The mica insulation material is commonly used in forming coil and field coil application such as an electric motor and generator for producing the magnetic field for rotating of electric machine. Furthermore, countries such as Vietnam, Argentina, India and Shri Lanka are significantly relying on agriculture so demand of low-cost and energy efficient motor has increased in these countries that increase the growth of the global electric motor insulation material market.
It is expected that Asia-Pacific is dominating in the global electric motor insulation market owing to continuously increasing industrialization and increasing demand of high efficiency and energy saving motor in countries such as China, Indonesia and India are anticipated to increase the demand for electric motor in Asia Pacific region. Furthermore, Europe and North America are endorsing increased inclination for electric motors that will accelerate the global electric motor insulation material market in the forecast period.
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