Industrial Insulator Market worth $8.95 Billion by 2019

May 25, 2015, 13:30 ET from MarketsandMarkets

DALLAS, May 25, 2015 /PRNewswire/ --

The report "Industrial Insulators Market by Application (Cables & Transmission Lines, Transformers, Switchgears, Bus Bar, Surge Protection Devices, and Others), by Type (Ceramic, Glass, and Composite), by Voltage (Low Voltage, Medium Voltage, and High Voltage), by End-User (Utilities, Industries, and Others), by Category (Bushings, and Other Insulators), and by Region - Global Trends and Forecast to 2019", the Industrial Insulator Services Market is projected to reach $8.95 Billion by 2019 at a CAGR of approximately 6.4% from 2014 to 2019.

Browse 85 market data Tables and 50 Figures spread through 158 Pages and in-depth TOC on "Industrial Insulators Market"

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The report defines and segments the Industrial Insulator Market with analysis and forecasting of the global T&D network revenue and applications. It also identifies driving and restraining factors for the industrial insulator services market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and revenues are forecasted on the basis of regions, such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Industrial insulator services market is projected to reach $8.95 Billion by 2019 at a CAGR of approximately 6.4% from 2014 to 2019.

The key countries are covered and forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of major categories, types, applications, end users, and voltages.

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Asia-Pacific- Industrial insulator services market size in terms of revenue is expected to occupy the largest market share in the next five years 

Asia-Pacific is the largest market for industrial insulators. The region which did fairly well in the last 10 years, accounted for approximately 34% of the total market in 2013. The growth rate is also comparatively high for Asia-Pacific which can be attributed to the continued investments in the T&D network expansion within the region.

Ceramic Insulators- Major type for the industrial insulator market 

Industrial insulator based types are categorized into three primary segments: ceramic, glass, and composite insulators. The major market is captured by ceramic type insulators which involve the use of the ceramic made insulators. On the other hand, composite insulators demonstrate the higher growth rate in the industrial insulator market. The key driver for the market is the increasing energy demand resulting in the increase in T&D installed line length.

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