Electrical Insulating Varnish Market TOC
Application Method (Trickle Impregnation, Vacuum Pressure Impregnation, Dip-Flood Impregnation)
The vacuum pressure impregnation segment in electrical insulating varnish market is set to gather the largest revenue share of USD 1.89 billion by the end of 2037, up from a revenue of USD 1.14 billion in the year 2024. This segment is also projected to grow at the highest CAGR of 3.96% over the coming years. Vacuum Pressure Impregnation (VPI) is a procedure that uses a combination of pressure and vacuum to impregnate porous materials with resin or varnish. The employment of this procedure is frequently observed in industries that adopt high-voltage motors and generators such as power generation to stuff gaps in materials and develop void-free insulation in different devices. Hence, with the growing demand for power generation, the segment is estimated to observe growth. For instance, in the world, about 28,000 terawatt-hours of electricity is generated in 2022 as compared to electricity generated in the year 1990 which was close to 12,000 terawatt-hours.
Material (Epoxy Resins, Polyester Resins, Alkyd Resins, Polyurethane Resins, Silicone Resins, Acrylic Resin, Others)
The epoxy resins segment in Electrical Insulating Varnish market is set to generate the highest revenue of USD 1.13 billion by the end of 2037. This segment gathered revenue of USD 0.65666 billion in the year 2024. This is because epoxy resins are known for their resistance and toughness to chemical and environmental degradation. Furthermore, even though the initial cost of epoxy powder coating is estimated to be more in contrast to the conventional insulation techniques including tape and varnish, it offers considerable cost savings. Moreover, epoxy resins offer a clean and smooth look, hence making it one of the most professional and attractive solutions. As a result, this segment is expected to observe growth in its market revenue. Consequently, with the rise in this segment, the electrical insulating varnish market is also projected to experience growth.
Our in-depth analysis of the global electrical insulating varnish market includes the following segments:
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Author Credits: Rajrani Baghel
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