According to Electric Insulator Market 2019 Global Industry Analysis Report, the Global Electric Insulator Market to expand at 5.88% CAGR by 2023. Report provides comprehensive market data on Electric Insulator industry manufacturers, distributors, suppliers, consulting companies from Alloy Wheel market and mobility industry, investors, stakeholders, and research organizations.
Market for Vehicle Cyber Security is segmented by Type (Ceramic, Composite, Glass), Voltage (Low, Medium, High), Application (Cable, Transformer, Switchgear, Busbar), End-User, and Region.
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Some prominent players in the global Electric Insulator market include: The key players dominating the worldwide electric insulator market include ABB (Switzerland), General Electric (US), Siemens (Germany), NGK Insulators (Japan), Hubbell (US), Toshiba (Japan), Bharat Heavy Electricals Limited (India), Lapp Insulators (Germany), Maclean Fogg (US), and Southwire Company (US).
Report provides Electric Insulator Market size of various segments and subsegments on regional and country level from 2019 to 2023. Latest emerging trends in Electric Insulator industry and Global market growth rate in terms of CAGR is studied in this report. New market strategy adopted by key players are also explained in this report.
Global Electric Insulator Market Overview:
Electric insulator is a variety of material that withstands the flow of electric current. It is typically applied in all the electric equipment in the distribution and transmission lines. There are primarily three kinds of electric insulators, such as suspension, shackle, and pin insulator, among others. With the surging outlays in distribution and transmission networks, there is spurring demand for electric insulators in the power sector. According to Organization for Economic Cooperation and Development (OECD), the cumulative power sector outlay throughout 2017 to 2040 would roughly attain USD 5.9 trillion for transmission and USD 2.1 trillion for distribution system.
Therefore, the need for electric insulators are expected to expand over the tenure of forecast. Mushrooming outlay in refurbishment of aging grid infrastructure throughout the developed economies would propel the expansion of electric insulator market. For example, as per the World Energy Outlook, an outlay of more than USD 3.4 trillion would contribute to the replacement and refurbishment of existing assets. Likewise, during 2018, American Electric Power (US) premeditated to invest USD 17.7 bn in power grid during the next three years. This is likely to further fuel the electric insulator market growth in the power industry.
Similarly, the economies in southeast Asia are devising plan to invest extensively in smart grid framework which can pave the way for opportunities in the electric insulator market. Additionally, according to the US Energy Information (EIA), key utilities are largely spending on distribution systems, largely driven by capital expenditures on replacement of old electrical equipment. In addition to this, the worldwide electric insulator market is predicted to develop at a surging rate over the tenure of review owing to the expanding adoption of renewable energy sources.
As per the International Energy Agency (IEA), renewable energy sources represent the largest share of savings in power generation, with an outlay of USD 350 bn per annum. Economies throughout the world are moving towards renewable power generation. For example, the administration of China aims to expend USD 360 bn on renewable energy by the conclusion of 2020, making way for spurring demand for electric insulators within the economy. Market Research Future (MRFR) presented in its report that the global electric insulator market is expected to flourish at a CAGR of 5.88% throughout the forecast period.
Global electric insulator market has been bifurcated based on end-user, type, voltage, application, and region. Based on type, the market is categorized into glass, composite, and ceramic. Ceramic segment is driving the market and represents the largest market share, primarily owing to its wide-ranging application in rugged environments with trifling leakage and offer mechanical strength with resistance to stress. This variety of insulators are easy to uphold and less expensive, thus leading to higher market share compared to glass insulators.
Geographically, Asia Pacific represented the largest share of the global electric insulator market throughout 2017. It is predicted that Asia-Pacific region would also be the rapidest growing market over the forecast period, mainly owing to the increasing investment in growing urbanization, increasing construction activities, and power grid infrastructure, throughout the world. The electric insulators in the power sector would be fueled by the expansion in burgeoning electrification and infrastructural activities across the world. China accounts for a prominent electric insulator market share due to higher investment in distribution and transmission network, resulting in an augmented demand for electric insulators.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Sales Channel
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Electric Insulator Market, By Finishing Type
5.2. Polished Alloy Wheel
5.2.1. Market Estimates & Forecast, 2019–2023
5.2.2. Market Estimates & Forecast, By Region, 2019–2023
5.3. Two-Toned Alloy Wheel
5.3.1. Market Estimates & Forecast, 2019–2023
5.3.2. Market Estimates & Forecast, By Region, 2019–2023
5.4.1. Market Estimates & Forecast, 2019–2023
5.4.2. Market Estimates & Forecast, By Region, 2019–2023
6. Global Electric Insulator Market, By Wheel Type
6.2.1. Market Estimates & Forecast, 2019–2023
6.2.2. Market Estimates & Forecast, By Region, 2019–2023
6.3.1. Market Estimates & Forecast, 2019–2023
6.3.2. Market Estimates & Forecast, By Region, 2019–2023
6.4.1. Market Estimates & Forecast, 2019–2023
6.4.2. Market Estimates & Forecast, By Region, 2019–2023
7. Global Electric Insulator Market, By Vehicle Type
7.2. Passenger Car
7.2.1. Market Estimates & Forecast, 2019–2023
7.2.2. Market Estimates & Forecast, By Region, 2019–2023
7.3. Commercial Vehicle
7.3.1. Market Estimates & Forecast, 2019–2023
7.3.2. Market Estimates & Forecast, By Region, 2019–2023
8. Global Electric Insulator Market, By Sales Channel
8.2.1. Market Estimates & Forecast, 2019–2023
8.2.2. Market Estimates & Forecast, By Region, 2019–2023
8.3.1. Market Estimates & Forecast, 2019–2023
8.3.2. Market Estimates & Forecast, By Region, 2019–2023
9. Global Electric Insulator Market, By Region
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