The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth. This newly published and insightful report sheds light on Market Insights of Electrotechnical Paper, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Electrotechnical Paper Market.
The electrotechnical paper market is poised to expand at a value CAGR of close to 5%, and is expected to create an absolute dollar opportunity of US$ 550 Mn over the forecast duration of 2020-2030. The outbreak of COVID-19 will have a short-term impact on the electrotechnical paper market. However, reliability of electric power is critical to a nation’s economic vitality, as power failures can lead to large potential economic loss. Therefore, growth in demand for reliable delivery of electric power is boosting investments, which is expected to supplement the growth of the electrotechnical paper market.
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Moreover, shift from coal to natural gas-powered generation is resulting in significant investments to upgrade and improve transmission infrastructure and ensure grid reliability. Further, tightening environmental regulations have resulted in decline in development of coal-fired generation plants.Therefore, upgradation of grid infrastructure will continue to drive investments, as the shift becomes more pronounced over the forecast period. This transition is expected to drive growth of the electrotechnical paper market over the coming years.
Key Takeaways from Electrotechnical Paper Market Study
- By application, transformers are foreseen to grow 2.5X than motors in 2020. On the other hand, cables will account for 1/4 of the overall market share in 2020.
- By product, diamond dotted presspaper is anticipated to grow, gaining 156 BPS over the course of the forecast duration.
- By end use, aftermarket (replacement) is projected to account for 77% of the total sales in 2020, anticipated to create an absolute $ opportunity of more than US$ 415 Mn during the forecast period of 2020-2030.
- The electrotechnical paper market in Europe is expected to grow by experiencing a value CAGR of 5%, whereas North America is projected to be valued1.4X than South Asia & Oceania, and estimated to account for a major chunk of the demand pie by the end of the forecast period.
“The COVID-19 pandemic has hit market players and will have short-term implications on the electrotechnical paper market. However, aging and inadequate transmission and distribution infrastructure has necessitated the need for replacement, which is foreseen to drive the sales of electrotechnical paper. Further, rising adoption of eco-efficient transformers is anticipated to generate significant growth opportunities for players in the electrotechnical paper market,” says a Fact.MR analyst.
Key Players Focusing on Strategic Agreements to Stimulate Growth
The report reveals some of the prominent players in the electrotechnical paper market, including Ahlstrom-MunksjöOyj, 3M Co., Von Roll Holding AG, Weidmann Electrical Technology AG, Hitachi ABB Power Grids, DuPont de Nemours, Inc., Nordic Paper Holding AB, Delfort Group AG, Kämmerer Paper GmbH, Cottrell Paper Company, and Miki Tokushu Paper MFG. CO., Ltd, among others.
- In 2020, Ahlstrom-Munksjö signed a multi-year commercial agreement with Suominen. With this agreement, both companies will better serve the market place and improve customer satisfaction for their products in Sweden.
- In 2019, Hitachi ABB Power Grids entered into an agreement with Amprion GmbH and received an order worth around US$ 30 million. The company will provide high-performance phase-shifting transformers to better control integrating of offshore wind power into electricity grids, which will also offer savings of US$ 110 Mn over 3 years.
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Key Segments of Electrotechnical Paper Market
Fact.MR’s study on the electrotechnical paper market offers information divided into four key segments— product, application, sales channel, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
- Diamond Dotted Presspaper
- Presspaper with Polyester Film
- Crepe Paper
- Aluminum Crepe Paper
- OEM (First Fit)
- Aftermarket (Replacement)
- Direct Sales
- Retail Sales
- Third-party Online Sales
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
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Key Question answered in the survey of Electrotechnical Paper market report:
- Sales and Demand of Electrotechnical Paper
- Growth of Electrotechnical Paper Market
- Market Analysis of Electrotechnical Paper
- Market Insights of Electrotechnical Paper
- Key Drivers Impacting the Electrotechnical Paper market
- Which are the Key drivers impacted by Electrotechnical Paper market
- Restraints Shaping Market Growth
- Market Survey of Electrotechnical Paper
More Valuable Insights on Electrotechnical Paper Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Electrotechnical Paper, Sales and Demand of Electrotechnical Paper, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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