Market Scenario
An Insulator is a device, which resists the transmission of energy from one medium to another. Insulators are predominantly used in electrical applications and transmission & distribution. The property of an electric insulator, which doesn’t allow the electric charge to flow through it, is called resistivity. The global insulator market is driven by the increasing need of reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.
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. Growing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the global insulator market size over the forecast timeline. The unique property of insulators to resist the energy transmission from one medium to another, would make them convenient for various applications.
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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.
Industry Segmentation
The global insulator market has been segmented based on product types, voltage, applications, end use and regions.
On the basis of type, the industry is segmented into ceramic, glass and composite.
On the basis of voltage, the market is segmented into low voltage, medium voltage and high voltage.
By application, the industry is further segmented into cables & transmission lines, transformers, switchgears, busbars, surge protection services and others.
By end-user, the insulator market is segmented into utilities, industries, and others.
Regional Outlook
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.
Key Players
The key players of global insulator market 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).
Intended Audience
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
Study Objectives of Global Insulator Market:
- To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global insulator market
- To provide insights about factors affecting the market growth
- To analyze the global Insulator market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by material type, product, application and region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Insulator market
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