Global Heat Shrink Tubing Market is expected to grow with the CAGR of 5.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:
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Global heat shrink tubing market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global heat shrink tubing market are introducing various heat shrink tubing that enhances the resistivity and malleability of the wire is driving the growth. This has helped the companies to enhance its sale with enhanced product portfolio. For instance, in February 2021, TE Connectivity honoured with a world leader in connectors and sensors for the electric and components industry. The company has been named as the 2021 World's Most Ethical Companies by Ethisphere. The award has overall enhanced the brand image of the company delivering more product portfolio along with revenue generation that drives more income and profit to the company.
TE Connectivity is the dominating player in the global heat shrink tubing market. The other key players existing in the heat shrink tubing market includes ABB, Sumitomo Electric Industries, Ltd., 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 among others.
TE Connectivity is headquartered in Schaffhausen, Switzerland which was founded in 2000. The company delivers industrial technology that covers connectivity with heat shrink tubing to various industries. The company also operates in various business segments such as transportation solutions, industrial solutions and communication solutions among which industrial solutions is the market focused segment.The company has various products under categories which are antennas, application tooling, cable assemblies, connectors, EMI filters, fiber optics, harnessing, heat shrink tubing, identification & labelling, passive components, power systems, relays, contactors & switches, sensors, terminals & splices and wire & cable among which heat shrink tubing is the market focused category.
Sumitomo Electric Industries, Ltd.:
Sumitomo Electric Industries, Ltd. is headquartered in Osaka, Japan and was established in 1897. The company provides technology and innovation in the wiring system for the automobile industry. The company offers wide range of business segments such as automotive business, information & communications business, electronics business, environment & energy business and industrial materials business among which automotive business is the market focused segment. The company offers wide range of products under categories such as raw materials, components, modules, end products and systems among which components is the market focused category.
The company has presence in the U.S., China and Japan. In addition to it, the company also generates its revenue from the various subsidiary companies such as Sumitomo Wiring Systems, Ltd. (Japan), Sumitomo Riko (Japan), Sumitomo Densetsu (Japan), Sumitomo Electric Hardmetal Corp. (Japan), SUMITOMO ELECTRIC DEVICE INNOVATIONS, INC. (Japan) among others.
Prysmian Group is headquartered in Milan, Italy and was founded in 2011. The company is engaged with superior cable solutions based on state-of-the-art technology and consistent excellence in execution, ultimately delivering sustainable growth and profit. The company offers wide range of business segments such as energy, projects and telecom among which energy is the market focused segment. The company offers wide range of industries under categories such as power grids, construction and infrastructure, oil & gas, transportation and mobility, telecom and industries among which oil & gas is the market focused category.
The company has presence in Europe, America, Asia-Pacific and Africa. In addition to it, the company also generates its revenue from the subsidiary company General Cable Technologies Corporation (U.S.).
Global Heat Shrink Tubing Market – Industry Trends and Forecast to 2028
North America Heat Shrink Tubing Market – Industry Trends and Forecast to 2028
Europe Heat Shrink Tubing Market – Industry Trends and Forecast to 2028
Asia-Pacific Heat Shrink Tubing Market – Industry Trends and Forecast to 2028
Middle East and Africa Heat Shrink Tubing Market – Industry Trends and Forecast to 2028