According to latest Electric Insulator Market Analysis 2019 to 2023 report, the global Electric Insulator market is expected to grow at 5.88% CAGR by 2023. Report include insightful analysis done by Electric Insulator Industry expertise which comprises valuable historical and forecast information on Electric Insulator Market segments by Type (Ceramic, Composite, Glass), Voltage (Low, Medium, High), Application (Cable, Transformer, Switchgear, Busbar), End-User, and Region.
Electric Insulator Industry Key Companies Analyzed in Report: General Electric (US), ABB (Switzerland), NGK Insulators (Japan), Siemens (Germany), Toshiba (Japan), Hubbell (US), Lapp Insulators (Germany), Bharat Heavy Electricals Limited (India), Southwire Company (US), and Maclean Fogg (US).
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Global Electric Insulator Market 2019 Insights:
Electric insulator is a variety of material that restricts the stream of electric current. It is usually used in all the electric equipment through the distribution and transmission networks. There are primarily three types of electric insulators. They are suspension, shackle, and pin insulator, among others. With the rising outlays in distribution and transmission networks, there is surged need for electric insulators in the power sector.
OECD states that the growing power sector outlay throughout 2017 to 2040 would reach almost USD 2.1 tn for distribution and USD 5.9 tn for transmission network. Thus, the need for electric insulators are expected to develop over the estimation period. Spurring outlay in restoration of aging grid setup across the emerged economies would propel the growth of electric insulator market. For example, according to the World Energy Outlook, an outlay of over USD 3.4 tn would pay to the replacement and refurbishment of existing assets. Likewise, during 2018, American Electric Power (US) devised a strategy to invest USD 17.7 bn in power grid over the next couple of years. This would further fuel the expansion of electric insulator market in the power industry.
Similarly, Southeast Asian nations are planning to capitalize aggressively the smart grid setup that can open up lucrative avenues in the electric insulator market. Furthermore, according to the US Energy Information (EIA), key utilities are largely spending on distribution infrastructure, mostly driven by capital disbursements on replacement of aging electrical devices. Also, the worldwide electric insulator market is estimated to flourish at a high rate over the forecast period owing to the increasing adoption of renewable energy bases.
According to IEA, renewable energy sources represents the primary share of outlay in power generation, with an amount of USD 350 bn being invested annually. Economies throughout the world are radically moving towards renewable power generation. For illustration, the government of China runs with the aim of spending USD 360 bn on renewable energy by the end of 2020. This will lead to surge in the demand for electric insulators in the economy. Market Research Future’s detailed study reveals that the global electric insulator market is likely to flourish at 5.88% CAGR over the estimation period.
Electric Insulator Market Segment Analysis:
Market Research Future’s recently published report has studied the global electric insulator market and has segmented it based on voltage, type, end-user, region, and application.
Based on type, the market is categorized into composite, ceramic, and glass. The ceramic segment is dominating the market and holds the largest share, mainly owing to its wide incorporation in rugged environments with nominal leakage and the extension of mechanical strength with stress resistance capacity. This variety of insulators are easy to maintain and less expensive, thereby leading to relatively greater market share over glass insulators.
Electric Insulator Market Regional Insights:
Asia Pacific is expected to be the largest and fastest growing market for electric insulator. In 2017, Asia Pacific held the largest share of the global electric insulator market. It is anticipated that the Asia-Pacific market is witnessing exponential growth mainly owing to the increasing outlay in power grid infrastructure, the progressing pace of urbanization, and the propelling rate of construction activities throughout the globe.
The electric insulators in the power sector would be positively impacted by the growth in infrastructural activities and spurring need for electrification across the world. China represents the largest share due to rising investment in distribution and transmission network, leading to a surged 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
2.2.1. DEFINITION
2.2.2. RESEARCH OBJECTIVE
2.2.3. ASSUMPTIONS
2.2.4. LIMITATIONS
2.3. RESEARCH PROCESS
2.3.1. PRIMARY RESEARCH
2.3.2. SECONDARY RESEARCH
2.4. MARKET SIZE ESTIMATION
2.5. FORECAST MODEL
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
3.1.4. SEGMENT RIVALRY
3.1.5. BARGAINING POWER OF BUYERS
3.2. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4. MARKET DYNAMICS
4.1. INTRODUCTION
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. MARKET TRENDS
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL ELECTRIC INSULATOR MARKET: BY REGION, 2018–2023
TABLE 2 NORTH AMERICA: ELECTRIC INSULATOR MARKET: BY COUNTRY, 2018–2023
TABLE 3 EUROPE ELECTRIC INSULATOR MARKET: BY COUNTRY, 2018–2023
TABLE 4 ASIA-PACIFIC ELECTRIC INSULATOR MARKET: BY COUNTRY, 2018–2023
TABLE 5 MIDDLE EAST & AFRICA ELECTRIC INSULATOR MARKET: BY COUNTRY, 2018–2023
TABLE 6 SOUTH AMERICA ELECTRIC INSULATOR MARKET: BY COUNTRY, 2018–2023
TABLE 7 GLOBAL ELECTRIC INSULATOR MARKET, BY TYPE, BY REGIONS, 2018–2023
TABLE 8 NORTH AMERICA: ELECTRIC INSULATOR MARKET, BY TYPE, BY COUNTRY, 2018–2023
TABLE 9 EUROPE ELECTRIC INSULATOR MARKET, BY TYPE, BY COUNTRY, 2018–2023
Continued…
Related News – Electrical Insulator Market – 2019 Size, Growth, Share, Trends, Competitive, Regional Analysis With Global Industry Forecast To 2023
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