Electric Insulator Market to Grow at 5.58% CAGR to 2023, Dominated by Growing Electrical Infrastructure - ReportsnReports
PUNE, India, September 25, 2018 /PRNewswire/ --
The leading players in electric insulator market are ABB Ltd. (Switzerland), Aditya Birla Nuvo Ltd. (India), General Electric, Siemens AG (Germany), and Toshiba Corporation (Japan). Contracts & agreements are the most commonly adopted strategies by the top players. This was followed by new product launches.
Read More 85 Market Data Tables and 38 Figures spread through 152 Pages and in-depth TOC on "Electric Insulator Market by Type (Ceramic, Glass, and Composite), Voltage (Low, Medium, and High), Category (Bushings), End-User (Utilities, Industries), Application (Transformer, Cables, Busbar), and Region - Global Forecast to 2023" Now at https://www.reportsnreports.com/reports/1673801-electric-insulator-market-by-type-ceramic-glass-and-composite-voltage-low-medium-and-high-category-bushings-end-user-utilities-industries-application-transformer-cables-busbar-and-region-glob-st-to-2023.html .
The electric insulator market is projected to reach USD 13.34 billion by 2023, from an estimated USD 10.17 billion in 2018, at a CAGR of 5.58%. However, increasing availability of low-quality gray market products can hinder the growth of the market. The governments of Asia Pacific countries are planning to develop more electrical grid and power generation capacity, which would further boost the demand for insulators in the region.
"Rise in electrical grid infrastructure spending and growing access to electricity in rural & remote areas of developing economies are driving the market for low voltage electric insulators."
Asia Pacific is estimated to be fastest growing market for electric insulators by 2023 & is projected to grow at highest CAGR during forecast period. Increase in population, urbanization, & growth of industrial sector have increased demand for power in China and India. This growth can be attributed to growing adoption of renewable energy sources, increasing investments in T&D networks, and refurbishment of existing grid networks across the globe.
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The report segments the electric insulator market, by type, into ceramic, composite, and glass. The ceramic insulator segment is expected to hold the largest market share in 2018 as ceramic insulators can perform in rugged environments with minimal leakage and provide optimum mechanical strength with considerable stress resistance.
Target Audience:
- Component manufacturers and suppliers
- Consulting companies in the power sector
- Electric utilities
- Electrical insulators manufacturing companies
- Government and power research organizations
- Power grid infrastructure companies
- Power plant project developers
- Renewable energy companies
- State and national regulatory authorities
Electric insulator market, by voltage, is segmented into low, medium, and high. Low voltage segment is expected to dominate electric insulator market in 2018. Low voltage equipment are extensively used in commercial, residential, & industrial applications for various purposes; therefore, demand for low voltage electric insulators is in-line with industrial & urban developments. These advantages are some of key factors that support growth of ceramic insulator market.
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The report defines, describes, and forecasts the global electric insulator market by type, voltage, category, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.
The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 60%, Tier 2- 23%, and Tier 3- 17%
- By Designation: C-Level- 35%, Managers- 25%, and Others- 40%
- By Region: North America-18%, Europe-22%, Asia Pacific- 29%, Middle East- 18%, Africa- 8%, and South America-5%
Another Report with the title of "Silicon on Insulator (SOI) Market" including the top company profiles like oietc (France), Shin-Etsu Chemical (Japan), GlobalWafers (Taiwan), SUMCO (Japan), Simgui (China), GlobalFoundries (US), STMicroelectronics N.V. (Switzerland), TowerJazz (Israel), NXP Semiconductor N.V. (Netherlands), and Murata Manufacturing (Japan) is available now at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=958218 .
Browse More Report Electric and Semiconductors Now at https://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .
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