Market Research Future - Premium Research Reports Insulator Market 2017-2023
Insulator Market Projected to Grow at a CAGR
of 6% by 2023
Market Highlights:
Market Research Future published a half cooked research report on Global Insulator Market. The
Insulator Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.
The need for continuous uninterrupted electric supply is growing because of the worldwide rise in
population and rapid industrialization. The increasing need of reliable electric supply and subsequent
investment in transmission & distribution network, grid expansion, and developing safe electrical
infrastructure is expected to drive the growth of the global insulator market.
The insulator market in the Asia-Pacific region is expected to grow the fastest during the forecast period.
The rapid industrialization, urbanization, and fast economic growth with growing electrical
infrastructure in the countries such as India and China, will drive the market for insulators.
Key Players
The key players of global insulator markets are General Electric (U.S.), Siemens AG (Germany), Alstom
S.A (France), Aditya Birla Nuvo Ltd. (India), Bharat Heavy Electricals Limited. (India), Toshiba Corporation
(Japan), Hubbell Incorporated (U.S), Seves Group (Italy), Dalian Yilian Technology Co.,Ltd. (China) and
ELANTAS GmbH (Germany).
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Market Research Analysis:
Asia-Pacific Region is Expected to Grow at the Fastest Rate:
Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia demand
continuous electric supply for the operations of industries, data centers, emergency services, and
commercial & household purposes. Ageing conventional transmission & distribution network often
hinders the supply for continuous power. This is creating a lucrative market for insulators in this region.
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