Insulated Shaft Market Scope
An insulated shaft is a rotating machine element, usually circular in cross-section, protected by interposing material that prevents the loss of heat or the intrusion of sound which is used to transmit power from one part to another, or from a machine which produces power to a machine which absorbs power.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Hansen (United States), Amphenol Corporation (United States), Belden Incorporated (United States), BizLink (United States), General Cable (United States), L-Com Global Connectivity (United States), LS Cable and System Ltd. (South Korea), LUXSHARE-ICT (China), Nexans S.A. (France), Southwire Company Inc. (United States), Kintronic LaboratoriesVan Houcke UK Ltd (United Kingdom) and Soundwell Electronic Products (Guangdong) Co., Ltd. (China) |
CAGR | 7.0% |
The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Insulated Shaft market throughout the predicted period.
Hansen (United States), Amphenol Corporation (United States), Belden Incorporated (United States), BizLink (United States), General Cable (United States), L-Com Global Connectivity (United States), LS Cable and System Ltd. (South Korea), LUXSHARE-ICT (China), Nexans S.A. (France), Southwire Company Inc. (United States), Kintronic LaboratoriesVan Houcke UK Ltd (United Kingdom) and Soundwell Electronic Products (Guangdong) Co., Ltd. (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Insulated Shaft market by Type , by Application (Electrical Machine, Electric Generator and Others) and Region with country level break-up.
On the basis of geography, the market of Insulated Shaft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2023, Hatch partner with Laurentis Energy combining talent and decades of expertise, to develop a one-stop shop to support industrial small modular reactor (SMR) clients worldwide. This alliance builds on Hatch and Tractebel’s previously announced cooperation agreement to include Laurentis Energy Partners (Laurentis), which has been leading the development of SMR projects across North America and Europe, by forging partnerships with industry and other organizations.
In December 2023, Adroit Industries India, with more than sixty years of experience, is a leading propeller/cardan shaft company. The company plans to launch its much-awaited collection of aluminium drive shafts at the ongoing Excon 2023. These cutting-edge components, which effortlessly integrate with carbon fibre tubing, perfectly embody strength and lightweight design. This innovative combination guarantees strength and significantly decreases mass, establishing new automotive effectiveness and resilience standards.
Influencing Trend:
Increasing Adoption of Vertical Insulated Shaft
Market Growth Drivers:
High Demand for Insulated Shaft in Electrical Machine and Growing Industrialization and Urbanisation in the APAC Region
Challenges:
Availability of Counterfeit Products
Restraints:
Fluctuation in the Prices of Raw Materials
Opportunities:
Due to growth in Electronic Sector Rising Demand for Insulated Shaft in Developing Countries and Continuous Research and Development in Insulated Shaft
Key Target Audience
Insulated Shaft Manufacturers, Insulated Shaft Sub Component Manufacturers, Insulated Shaft Traders/Distributors, Insulated Shaft Importer/Exporter, Regulatory & Government Bodies, End Users and Others