- The electric power transmission and distribution (T&D) system serves as a crucial link between generating stations and consumers, and its efficiency is becoming increasingly important due to growing electricity demands and the stresses posed by aging infrastructure, which elevate the risk of widespread blackouts. In today’s society, reliable and cost-effective electricity delivery is essential
- The U.S. T&D landscape includes various economic drivers, organizational frameworks, technologies, and regulatory oversight from federal, municipal, state, and customer-owned cooperatives
- Asia-Pacific dominated the global heat shrink tubing market, accounting for the largest revenue share of 46.2% in 2024, driven by rapid industrialization, robust growth in telecommunications, automotive, and electronics sectors, and increased infrastructure development across emerging economies
- North America heat shrink tubing market is projected to grow at the fastest CAGR of 16.1% from 2025 to 2032, driven by rising investments in energy infrastructure, electric vehicles, and telecommunications
- The Single Wall segment dominated the heat shrink tubing market with the largest revenue share of 57.2% in 2024, attributed to its broad application across electrical insulation, protection, and bundling of wires and cables in multiple industries
