TE Connectivity introduced new EV Single Wall (EVSW) tubing specifically designed for high voltage applications and the safe isolation and protection of conductive components and cables. This product is a single-layer tube focused on electrical insulation and protection of high-voltage components in electric vehicles. This will help the company diversify its product portfolio and address the unique challenges of EV applications.
Molex released the Miniaturization Report, showcasing expert insight and innovation in product design technology and cutting-edge connectivity. This miniaturization has allowed the company to improve the effectiveness and safety of its products. This development has expanded the company's product range and positively impacted the growth of the global shrink tubing market.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5446
Published Date: Dec 06, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing demand in IT & telecom sector and increasing capacity of power generation are some of the major factors anticipated to drive the growth of the heat shrink tubing kit market.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2024-2036.
The major players in the market are of ABB Ltd, Alpha Wire Inc, ARTILABO International sprl, GREMCO GmbH, Gremtek SAS, HellermannTyton GmbH, Molex LLC, TE Connectivity, Nexans SA., and others.
The low voltage segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.