Electric Insulators Market is estimated to reach over USD 6 billion Electric Insulators Market is estimated to reach o
9/5/2018
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MarketStudyReport.com adds a new market research report titled Electric Insulators Market Size By Material
(Ceramic/Porcelain, Glass, Composite), By Voltage (High, Medium, Low), By Application (Cables and
transmission lines, Switchgears, Transformers, Busbars, Others), By Product (Pin, Suspension, Shackle,
Others), By End Use (Residential, Commercial & Industrial, Utilities), By Rating (<11 kV, 11 kV, 22 kV, 33
kV, 72.5 kV, 145 kV, 220 kV, 400 kV, 800 kV, 1200 kV), By Installation (Distribution, Transmission,
Substation, Railways, Others) Industry Analysis Report, Regional Outlook (U.S, Canada, Mexico, UK,
Germany, France, Spain, Italy, Sweden, Austria, Russia, China, Japan, India, South Korea, Australia,
Indonesia, Philippines, Thailand, Malaysia, Saudi Arabia, UAE, Iran, Kuwait, Jordan, Turkey, Egypt,
Nigeria, South Africa, Brazil, Argentina, Chile, Venezuela), Application Potential, Competitive Market
Share & Forecast, 2018 - 2024 published by Global Market Insights, Inc. to the Energy and Power segment of
its online reports store
Electric Insulators Market is estimated to reach over USD 6 billion by 2024. Growing investments toward
upgradation of existing infrastructure and smart grids will amplify the electric insulators market. Growing
private & public spending to avail continuous power supply will further augment the industry outlook. The
Asian Development Bank in 2017, announced upgradation of electrical infrastructure with funding of USD 6.5
million in Southeast Asia.
UK electric insulator market is projected to grow on account of stringent energy-efficiency protocols along with
rising focus toward increasing power generation capacity. Channelized funding by regulators for the efficient
generation and distribution of electricity will complement the business growth.
Growing demand for reliable and safe power along with rural electrification initiatives across the emerging
markets will stimulate the growth of electric insulators market. Continuous research and development
investment coupled with the adoption of economy of scale by product manufacturers will favor the business
landscape.
Porcelain electric insulators market will grow owing to industry dominance and technical maturity. Minimum
corrosion & leakage along with the capability to operate in extreme environment and temperature changes are
the key parameters driving the product penetration.
Rising installation of electric networks across industrial and commercial establishments favored by growing
demand for electricity will foster the electric insulator market. In addition, government programs toward the
upgradation of power grid, including smart grid development and grid energy storage will enhance the industry
growth.
China electric insulator market is anticipated to gain over 5% by 2024. Extensive government initiatives for the
grid renovation projects along with increasing funding across the industrial & utility-based electrification
systems will enhance the business landscape. Rising focus toward the development of energy-efficient
equipment coupled with shifting trends for the extension of overhead electric cables will stimulate product
penetration in the industry.
Medium voltage electric insulators market is estimated to witness substantial growth on account of their wide
application in commercial and residential establishments. Increasing commercialization coupled with power
distribution reforms toward development & expansion of distribution networks will further favor the business
outlook.
Railways electric insulator market is predicted to expand on account of growing demand for reliable transport
infrastructure network. Massive funding by the government for the extension of grid networks for developing
optimized and efficient electric infrastructure will positively influence the industry outlook. Light weight, high-
strength and vandal-resistance are the key product developments to ensure the uninterrupted railway signals
which will further stimulate the business growth.
145 kV electric insulator market will expand owing to growing demand across the primary & secondary
transmission networks. Operational safety and potential to withstand mechanical load are few key features
supporting product penetration.
Notable players across the electric insulators market includes Siemens, ABB, Elsewedy Electric, Maclean Fogg,
Seves Group, TE Connectivity, NGK Insulators and Lapp Insulators.
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