The Report Titled on “Global Electric Insulator Market Size, Share – Segmented by Material, End User, Application (Transformers, Cables and Trnsmission Lines, Switchgears, Telecommunications, Busbars), and Geography – Growth, Trends, and Forecast (2019 – 2023)”, Delivers Information studies of the current situation (with the base year being 2019) and the growth prospects of global Electric Insulator Forecast market 2019-2023.
“Electric Insulator Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Electric Insulator Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
The Key Players covered in this study:-
ABB , Aditya Birla Nuvo, NGK Insulators Ltd, Siemens AG, Alstom, Seves, BHEL, WT Henley, Maclean-Fogg, Lapp Insulators, Hubbell Inc.
Get Sample Copy of this Report – https://www.360researchreports.com/enquiry/request-sample/13104332
Overview of Electric Insulator Market Report:
The global electric insulator market is expected to expand at a moderate rate during the forecast period, 2019 to 2023. The rapid growth and increasing investments in the transmission and distribution sector and for the up-gradation of aging grid infrastructure, to establish a sustainable electricity network, is expected to boost the electric insulator market. Increasing demand for smart grids, along with stringent policies for energy efficiency, is expected to have a good impact on the electric insulator market. Technological developments in the emerging economies like China, Japan, and India, coupled with the government initiatives for energy efficiency to obtain a reliable and efficient grid infrastructure, along with rapid urbanization, is expected to further drive the electric insulator market.
Energy Efficiency Policies and Smart Grids Driving the Electric Insulator Market
Expansion of smart grid networks, along with the refurbishment of aging and over-lying generation infrastructures, are expected to drive the electric insulators market growth. Government initiatives, such as smart grid vision, green energy corridors, and UDAY reforms for efficient and sustainable electricity grids, in turn, drive the industry growth. The rise in demand for electric insulators is enabled by the activities like replacement of conventional grids and expansion of distribution networks, in both emerging and developed countries. Increasing global electricity demand, along with increasing global investments for the extension of transmission & distribution networks and energy efficiency, by 231 billion USD in 2016, is expected to drive the electric insulator market over the forecast period.
Ceramic Insulators A Huge Market Potential
The ceramic insulator market is expected to witness a good growth during the forecast period, owing to its increasing applications in various industrial sectors and rural areas. Rapid development in technology is leading to the adoption of ceramic insulators in several transmission lines, because of their light weight and good mechanical strength to weight ratio. Increasing focus toward railway projects in countries, such as India, is expected to boost the demand for ceramic insulators market. Above all, increasing development of smart grids in regions like North America and Europe is expected to drive the demand for ceramic insulators, during the forecast period. Refurbishment of old transmission and distribution lines, along with new electrification projects are some of the factors driving the growth of the ceramic insulators market, over the forecast period. But, composite insulators that are 20% lower in weight than ceramic insulators, have good mechanical and electrical properties in high voltage lines and are expected to obstruct the growth of ceramic insulators.
Asia-Pacific Holds the Largest Share for Electric Insulator Market
Asia-Pacific has emerged as the one of the largest electric insulator markets. Continuous demand for electricity in highly populated countries, such as China and India has boosted the development of power transmission and distribution (T&D) infrastructure, including the insulators market. The transmission and distribution expenditure in Asia-Pacific is very high, as compared to the other regions. This, in turn, is expected to drive the electric insulator market in the region. In the region, China has accounted for approximately 30% of network spending, driven by distribution networks and a significant expansion of large-scale transmission. Rural electrification measured across the emerging markets, along with increasing demand for safe and reliable power, is expected to drive the global electric insulator market. For instance, the government in India has initiated various power sector programs to meet the huge energy requirements. The manufacturers in these regions have doubled their production capacities over the last few years, and market size of insulators is approximately INR 1800 crores. The electric insulators market in the Asia-Pacific region is highly competitive and concentrated, due to the presence of considerable number of electric insulator vendors. North America occupies the second-highest market for electric insulators after Asia-Pacific.
Electric Insulator Market Major Players
Aditya Birla Nuvo
NGK Insulators Ltd.
Inquire more or share questions if any for this Report @ https://www.360researchreports.com/enquiry/pre-order-enquiry/13104332
Reasons to Purchase Electric Insulator Market Report:
Current and future outlook of the electric insulator market in the developed and emerging countriesAnalyzing various perspectives of the market with the help of Porters five forces analysisIdentify the segment that is expected to dominate the marketRegions that are expected to witness fastest growth, during the forecast periodIdentify the latest developments, market share, and strategies employed by the major market players.3-month analyst support along with the Market Estimate sheet (in excel)
Order a copy of Electric Insulator Market Report 2019 @ https://www.360researchreports.com/purchase/13104332
Market Segment by Regions, regional analysis covers
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia, etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)