Electric Vehicle Insulation Market By Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), By Insulation Type (Thermal, Electric, Acoustic), By Application (Bonnet, Interior, Battery Packs, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027
Key Market Insights
“Increasing government spending for power utilities along with growing energy demand will boost the market”
The global electric vehicle insulation market is growing proficiently, projected to grow at a CAGR of 26.3% during the expected period from 2019 to 2027, starting from US$ 1.26 Bn in 2018.
Electrical vehicle cabin insulation types highly rely on the vibration, noise, and harness (NVH) design of an automobile. The overall electrical vehicle cabin insulation is precisely intended for making the ride quality smooth for the occupants of the particular automobile. The automotive cabin insulation and refinement is part of the NVH design quality. Although electric vehicles already produce less noise, there are still significant opportunities for the manufacturers for tapping markets in this emerging industry. The electric vehicle's cabin can be made silent by close analysis of the NVH transfer paths. The quest for making luxurious electrical vehicles amongst manufacturers is anticipated to fuel the market growth to a greater extent. The heavy investments by the automakers and growing concern over pollution are generating significant demand for electric vehicles in the automotive industry which is expected to drive the electric vehicle insulation market. Also, the increasing demand for high range vehicles and high-density batteries are driving the demand for electric vehicles, which in turn is estimated to fuel the electric vehicle insulation market. Cybertruck and Roadstar are high-performance electric vehicles made by Tesla Inc., which are already production-ready. These electric vehicles are fastest and expected to available at the longest range than any other electric vehicle. These types of advancements in the electrical vehicles industry are anticipated to create lucrative opportunities for the manufacturers operating in the electric vehicles insulation market. Moreover, the presence of key manufacturers of EV such as BAIC, BYD, Geely, and SAIC, among others, is anticipated fuel market growth in the Asia Pacific region to a greater extent.
Market Synopsis
Propulsion Analysis
“Rising demand for capacity utilization along with the implementation of government policies and schemes will drive the demand for electric vehicle insulation globally”
The future of EVs is expected to be bright and with time the price of batteries, one of the most vital components in an EV, is reducing significantly which would make EVs more affordable. The mid-Priced vehicle class has limited features with less emphasis on features like infotainment, instrument cluster, and other expensive features. China is one of the leading countries for the mid-priced segment. Companies such as BYD, Smart, and Great Wall Motors are manufacturing comparatively less expensive vehicles. In July 2018, Great Wall Motors announced a partnership with BMW Group to produce electric MINI vehicles in China. In December 2018, the company launched its new flagship vehicle under its new ‘ORA’ electric car brand: the ORA R1. The small urban car will cost only USD 8,680 after incentives with a range of almost 200 miles.
Regional Analysis
“Dominance is led by rising power demand from residential and industrial communities coupled with intensifying utility investments to drive the market growth.”
The electric vehicle insulation market is expected to grow at a faster rate withholding a market share of around 43% in the Asia-Pacific region, particularly in Japan, China, and South Korea. Growing energy demand across the region and the presence of emerging economies like Japan, China, India, and Singapore is likely to propel the demand for electric vehicle insulation across the region. Additionally, in 2017 the Asia-Pacific tempted a capital investment of around 45%, thereby leading potential for foreign direct investment (FDI) on a global scale. Moreover, increasing investments for improving infrastructure and urbanizing populations, particularly in emerging economies like India and China, is anticipated to drive the market for electric vehicle insulation across the region. Furthermore, growing investments and developments for smart cities and grid technologies like the installation of smart meters, distribution grid automation, and demand response systems in countries such as South Korea, Japan, and Australia would generate ample prospects for the electric vehicle insulation market.
The Asia Pacific market is expected to witness the fastest growth, followed by Europe and North America. The automotive industry in countries such as China, Japan, and South Korea is inclined toward innovation, technology, and the development of advanced electric vehicles. The increasing demand for reducing carbon emission and developing more advanced and fast charging stations are expected to propel the growth of electric vehicles. BYD, BAIC, Chery, and SAIC among others are some of the key players in the Asia Pacific electric vehicle market.
List of Companies Covered:
- Hilti
- Marian Inc.
- Techman Advanced Material Engineers
- Pyrophobic Systems Ltd.
- Elmelin Ltd.
- Alder Pelzer Holding Gmbh
- Morgan Advanced Materials
- 3M
- DuPont
- Unifrax
- Von Roll Holding AG
- Zotefoams Plc
- ITW Inc.
- BASF SE
- Autoneum
- Saint-Gobain
Key Industry Development:
- In March 2019, Tesla launched its fully electric Model Y, which can carry 7 passengers and their cargo. It has two ultra-responsive, independent electric motors that digitally control torque to the front and rear wheels—for better handling, traction, and stability control.
- In July 2018, Tesla landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the US that would double the size of the electric car maker’s global manufacturing.
In April 2019, Nissan announced that the new Nissan Leaf would go on sale in Indonesia and the Philippines by 2020, underscoring Nissan's commitment to driving electrification in the region.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Billion |
| Segmentation |
Propulsion Type (2017–2027; US$ Bn) |
|
Insulation Type (2017–2027; US$ Bn) |
|
|
Application (2017–2027; US$ Bn) |
|
|
Geography (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall electric vehicle insulation market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the electric vehicle insulation market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which type of segment holds a larger market share and why?
- Are low and middle-income economies investing in the electric vehicle insulation market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Electric Vehicle Insulation (EVI) Market
2.2. Global EVI Market, by Propulsion Type, 2018 (US$ Bn)
2.3. Global EVI Market, by Insulation Type, 2018 (US$ Bn)
2.4. Global EVI Market, by Application, 2018 (US$ Bn)
2.5. Global EVI Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global EVI Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Electric Vehicle Insulation Market, by Propulsion Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Battery Electric Vehicle
4.3. Hybrid Electric Vehicle
4.4. Plug-In Hybrid Electric Vehicle
4.5. Fuel Cell Electric Vehicle
5. Global Electric Vehicle Insulation Market, by Insulation Type, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Thermal
5.3. Electric
5.4. Acoustic
6. Global Electric Vehicle Insulation Market, by Application, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Bonnet
6.3. Interior
6.4. Battery Packs
6.5. Others
7. North America Electric Vehicle Insulation Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America EVI Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America EVI Market Value, By Propulsion Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America EVI Market Value, By Insulation Type, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America EVI Market Value, By Application, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America EVI Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Electric Vehicle Insulation Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe EVI Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe EVI Market Value, By Propulsion Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe EVI Market Value, By Insulation Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe EVI Market Value, By Application, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe EVI Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Electric Vehicle Insulation Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific EVI Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific EVI Market Value, By Propulsion Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific EVI Market Value, By Insulation Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific EVI Market Value, By Application, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific EVI Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Electric Vehicle Insulation Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World EVI Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World EVI Market Value, By Propulsion Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World EVI Market Value, By Insulation Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World EVI Market Value, By Application, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World EVI Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. Hilti
11.2. Marian Inc.
11.3. Techman Advanced Material Engineers
11.4. Pyrophobic Systems Ltd.
11.5. Elmelin Ltd.
11.6. Alder Pelzer Holding Gmbh
11.7. Morgan Advanced Materials
11.8. 3M
11.9. DuPont
11.10. Unifrax
11.11. Von Roll Holding AG
11.12. Zotefoams Plc
11.13. ITW Inc.
11.14. BASF SE
11.15. Autoneum
11.16. Saint-Gobain
* EVI – Electric Vehicle Insulation
TABLE 1 Market Snapshot: Global Electric Vehicle Insulation Market
TABLE 2 Global EVI Market, by Propulsion Type, 2017–2027 (US$ Bn)
TABLE 3 Global EVI Market, by Insulation Type, 2017–2027 (US$ Bn)
TABLE 4 Global EVI Market, by Application, 2018 (US$ Bn)
TABLE 5 Global EVI Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America EVI Market, by Propulsion Type, 2017–2027 (US$ Bn)
TABLE 7 North America EVI Market, by Insulation Type, 2017–2027 (US$ Bn)
TABLE 8 North America EVI Market, by Application, 2017–2027 (US$ Bn)
TABLE 9 North America EVI Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe EVI Market, by Propulsion Type, 2017–2027 (US$ Bn)
TABLE 11 Europe EVI Market, by Insulation Type, 2017–2027 (US$ Bn)
TABLE 12 Europe EVI Market, by Application, 2017–2027 (US$ Bn)
TABLE 13 Europe EVI Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific EVI Market, by Propulsion Type, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific EVI Market, by Insulation Type, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific EVI Market, by Application, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific EVI Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 RoW EVI Market, by Propulsion Type, 2017–2027 (US$ Bn)
TABLE 19 RoW EVI Market, by Insulation Type, 2017–2027 (US$ Bn)
TABLE 20 RoW EVI Market, by Application, 2017–2027 (US$ Bn)
TABLE 21 RoW EVI Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 22 Hilti: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 23 Marian Inc.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 24 Techman Advanced Material Engineers: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 25 Pyrophobic Systems Ltd.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 26 Elmelin Ltd.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 27 Alder Pelzer Holding Gmbh: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 28 Morgan Advanced Materials: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 29 3M: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 30 DuPont: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 31 Unifrax: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 32 Von Roll Holding AG: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 33 Zotefoams Plc: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 34 ITW Inc.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 35 BASF SE: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 36 Autoneum: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 37 Saint-Gobain: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
FIG. 1 Global Electric Vehicle Insulation Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global EVI Market Segmentation
FIG. 4 Global EVI Market, by Propulsion Type, 2018 (US$ Bn)
FIG. 5 Global EVI Market, by Insulation Type, 2018 (US$ Bn)
FIG. 6 Global EVI Market, by Application, 2018 (US$ Bn)
FIG. 7 Global EVI Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key EVI Market Players, 2018
FIG. 10 Global EVI Market Value Contribution, By Propulsion Type, 2018 & 2027 (Value %)
FIG. 11 Global EVI Market, by Battery Electric Vehicle, Value, 2017–2027 (US$ Bn)
FIG. 12 Global EVI Market, by Hybrid Electric Vehicle, Value, 2017–2027 (US$ Bn)
FIG. 13 Global EVI Market, by Plug-In Hybrid Electric Vehicle, Value, 2017–2027 (US$ Bn)
FIG. 14 Global EVI Market, by Fuel Cell Electric Vehicle, Value, 2017–2027 (US$ Bn)
FIG. 15 Global EVI Market Value Contribution, By Insulation Type, 2018 & 2027 (Value %)
FIG. 16 Global EVI Market, by Thermal, Value, 2017–2027 (US$ Bn)
FIG. 17 Global EVI Market, by Electric, Value, 2017–2027 (US$ Bn)
FIG. 18 Global EVI Market, by Acoustic, Value, 2017–2027 (US$ Bn)
FIG. 19 Global EVI Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 20 Global EVI Market, by Bonnet, Value, 2017–2027 (US$ Bn)
FIG. 21 Global EVI Market, by Interior, Value, 2017–2027 (US$ Bn)
FIG. 22 Global EVI Market, by Battery Packs, Value, 2017–2027 (US$ Bn)
FIG. 23 Global EVI Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 24 U.S. EVI Market, 2017–2027 (US$ Bn)
FIG. 25 Canada EVI Market, 2017–2027 (US$ Bn)
FIG. 26 U.K. EVI Market, 2017–2027 (US$ Bn)
FIG. 27 Germany EVI Market, 2017–2027 (US$ Bn)
FIG. 28 France EVI Market, 2017–2027 (US$ Bn)
FIG. 29 Italy EVI Market, 2017–2027 (US$ Bn)
FIG. 30 Rest of Europe EVI Market, 2017–2027 (US$ Bn)
FIG. 31 Japan EVI Market, 2017–2027 (US$ Bn)
FIG. 32 China EVI Market, 2017–2027 (US$ Bn)
FIG. 33 India EVI Market, 2017–2027 (US$ Bn)
FIG. 34 Rest of Asia Pacific EVI Market, 2017–2027 (US$ Bn)
FIG. 35 Middle East & Africa EVI Market, 2017–2027 (US$ Bn)
FIG. 36 Latin America EVI Market, 2017–2027 (US$ Bn)
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