MARKET INSIGHTS The global Insulating Functional Devices size was valued at US$ 1.89 billion in 2024 and is projected to reach US$ 2.84 billion by 2032, at a CAGR of 5.3% during the forecast period 2025-2032. The U.S. accounts for 28% of the global market share, while China is expected to grow at a faster pace with a projected CAGR of 7.3% through 2032. Insulating functional devices are...