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ABB, 3M, Molex dominated the Middle East and Africa Heat Shrink Tubing Market in 2021

Middle East and Africa Heat Shrink Tubing Market is expected to grow with a CAGR of 5.1% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

Middle East and Africa heat shrink tubing market is a highly consolidated market, including a specific number of key players. The market has witnessed increased strategic developments owing to a favourable market scenario.

The major players in the Middle East and Africa heat shrink tubing market are introducing a strong range of products provider, launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, awards, and recognition in the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • In October 2021, T.E. Connectivity launched the SolderSleeve device for space. This product will support satellites employing heat-shrinkable technology, connectivity, and insulation. The company's new space product has diversified the business towards space technology and helped strengthen the company's market position.

ABB is the dominating player in Middle East and Africa heat shrink tubing market. The other key players existing in the market are 3M, Molex, T.E. Connectivity, Avnet, Inc., Sumitomo Electric Industries, Ltd, Hellermanntyton, Panduit, R.S. Components & Controls (I) Ltd, SHAWCOR, Alpha Wire, FLYPOWER NEW MATERIALS LIMITED, Ikebana Engineering Ltd., REPL International, CANUSA-CPS, Jining Xunda Pipe Coating Materials Co., Ltd, Denso, Al Yamuna Densons FZE, Middle East Tube Company Ltd., Bitwise Solutions, Inmartek LTD., Stuart Steel Protection, Seal For Life, and Aegion Corporation among others.

ABB

ABB was founded in 1988 and is headquartered in Zurich, Switzerland. The company provides products and software in electrification for various industries. The company has several product categories, including Control Room Solutions, Drives, Electric Vehicle Charging Infrastructure, Low Voltage Products and Systems, Measurement and Analytics, Mechanical Power Transmission, Medium Voltage Products, Metallurgy Products, Motors & Generators, PLC Automation, Power Converters, and Inverters and Robotics of which Low Voltage Products and Systems is the focused category. The company operates in various segments such as Electrification, Process Automation, Motion and Robotics & Discrete Automation, of which electrification is the market-focused category. The subsidiaries of the company are ABB Australia Pty Limited (Australia), ABB AG (Austria), ABB N.V. (Belgium), ABB Inc. (Canada), and ABB India Limited (India), among others.

For instance,

  • In January 2019, ABB Shrinkon connectors and Ty-Rap cable ties helped the custom-made buggy electrical system beast win the Dakar rally. The company enhanced its business portfolio by improving the product portfolio generating more income and profit.

The company has a wide presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa.

3M

3M was founded in 1902 and is headquartered in Minneapolis, U.S. The company focuses on providing products with solutions that meet various regulations and standards related to wire and electrical equipment. The company has several product categories, including Abrasives, Adhesives, Sealants & Fillers, Advanced Materials, Automotive Parts & Hardware, Building Materials, Cleaning Supplies, Coatings, Compounds & Polishes, Dental & Orthodontics, Electrical, Electronic Materials & Components, Films & Sheeting, Filtration & Separation, Home, Insulation, Lab Supplies & Testing, Labels, Lubricants, Medical, Office Supplies, Personal Protective Equipment, Signage & Marking, Tapes and Tools & Equipment of which Electrical is the focused category. The company operates in various segments such as Safety and Industrial, Transportation and Electronics, Health Care, and Consumer, of which Safety and Industrial are the market-focused categories. The subsidiaries of the company are 3M Cogent, Inc. (U.S.), 3M Argentina Stock Company, Commercial, Industrial, Financial Real Property and Farming Corporation (Argentina), 3M International Trading (Shenzhen) Co., Ltd. (China), 3M Purification (France) and 3M India Limited, among others.

For instance,

  • In September 2015, 3M added Texcan as its stocking partner developing more than 2,500 electrical products for easier, faster, and safe field technicality, along with heat trace cable designed specifically for providing in the residential, commercial and light commercial. The company enhanced its product portfolio, leveraging more income to it.

The company has a wide presence in Americas, Europe, Asia-Pacific, Middle East and Africa.

Middle East and Africa Heat Shrink Tubing Market

Molex

Molex was founded in 1938 and is headquartered in Illinois, U.S. The company is engaged in developing various transformative technological solutions and connectivity products for the automotive, healthcare, 5G, cloud, and consumer device industries. The company has several product categories, including 3D & Advanced Packaging (Semiconductor) – ISI, Antennas, Application Tooling, Automation, Busbars, Cables, Cable Assemblies, Capillary Tubing, and Micro Components – Polymicro, Permafit, Connectors, Edgecards, and Sockets, Electrical Products – Woodhead, EMI / Noise Suppression Sheets, Printed Circuit Solutions, FPGA Computing Systems – BittWare, IT Infrastructure Solutions, Lighting Products, Network Connected Solutions – CoreSync, Optical Solutions, R.F. / Microwave Solutions, Sensor Solutions, User Interface of which Electrical Products-Woodhead, EMI / Noise Suppression Sheets is the market focused category.

For instance,

  • In May 2019, Molex won North America's Bosch Regional Supplier award for its superior performance and diverse portfolio. Molex is a partner of Bosch and is recognized for its solutions, diverse product portfolio, and engineering development. This will help them get recognized globally due to the wide presence of Bosch.

The company has a presence across North America, South America, Europe, Middle East and Africa, and Asia-Pacific.