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Electrical Insulation Transformer Pressboard Market Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
Electrical Insulation Transformer Pressboard MarketThe global Electrical Insulation Transformer Pressboard (covering insulation paper, pressboard and component) market was valued at US$ 1,019 million in 2023 and is anticipated to reach US$ 1,442 million by 2030, witnessing a CAGR of 5.29% during the forecast period 2024-2030.
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Electrical Insulation Transformer Pressboard Market Share
The representative players in global Electrical Insulation Transformer Pressboard market are DuPont, Weidmann, Hitachi Energy, Hunan Guangxin Technology, Taizhou Xinyuan Electrical Equipment, Liaoning Xingqi Electric Material, Changzhou Yingzhong Electrical, Huisheng Group, KREMPEL GmbH, TOMOEGAWA, etc. In 2023, the global top 5 players had a share approximately 44% in terms of revenue. Players are mainly from United States, Europe, China and Japan.
Europe and China are the key producing regions. They occupy a total share of 69.33% in terms of production volume in 2023. For consumption market, the representative region is Asia-Pacific, with 59.88% market share in terms of value in 2023. Europe and North America also hold larger market share, accounting for 28.83%. and 8.35% separately.
Based on the product type, Electrical Insulation Transformer Pressboard is divided into insulation paper and pressboard, and insulation component. Among them, insulation paper and pressboard has a larger market with share of 65.01% in 2023 in terms of revenue. Some manufacturers offer all kind of products such as Weidmann, Hunan Guangxin Technology, Taizhou Xinyuan Electrical Equipment, etc.
Electrical Insulation Transformer Pressboard is widely used in power transmission and transformation system, rail transportation, new energy and others. Among them, Power Transmission and Transformation System is the largest application with a share accounts for 77.37% in terms of revenue in 2023.
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