Electric Insulator Market Forecasts to 2028 – Global Analysis By Voltage (High Voltage, Medium Voltage, Low Voltage), Category (Bushings, Others Insulator), Type (Composite Insulator, Glass Insulator), and By Geography
According to Stratistics MRC, the Global Electric Insulator Market is accounted for $11.40 billion in 2020 and is expected to reach $20.33 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Increasing investments in T&D networks, refurbishment of existing grid networks and growing adoption of renewable energy sources are the major factors propelling the market growth. However, increasing grey market products of low quality and volatility in raw material prices are hampering the market growth.
An electrical insulator is a material whose internal electric charges do not flow freely; very little electric current will flow through it under the influence of an electric field. This contrasts with other materials, semiconductors, and conductors, which conduct electric current more easily. The property that distinguishes an insulator is its resistivity; insulators have higher resistivity than semiconductors or conductors.
Based on application, the transformer segment is estimated to have a lucrative growth due to the rising concerns over power thefts and protection along with an increased focus on real-time monitoring of power networks will foster the industry growth. For instance, the recent introduction of Internet of Thing (IoT) based transformers to effectively control and monitor electrical grids will favor the business scenario.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the favourable government reforms toward energy efficiency along with strengthening focus on upgradation and expansion of the existing T&D infrastructure. For instance, in the State Grid Corporation of China (SGCC) announced plans to expand investment in the country’s electrical transmission infrastructure in the near future.
Some of the key players profiled in the Electric Insulator Market include ABB, Aditya Birla, Nuvo, BHEL, Dalian Yilian Technology Co. Ltd, ELANTAS GmbH, General Electric, Hubbell, Krempel, MacLean-Fogg, NGK Insulators Ltd, PFISTERER, Seves Group, Siemens AG, Toshiba, and WT Henley.
• Composite Insulator
• Glass Insulator
• Ceramic Insulator
• Pin Insulator
• Suspension Insulator
• Shackle Insulator
• Other Products
• High Voltage
• Medium Voltage
• Low Voltage
• Others Insulator
• Distribution Networks
• Transmission Lines
• Other Installations
• <11 kV
• 11 kV
• 22 kV
• 33 kV
• 72.5 kV
• 145 kV
• 220 kV
• 400 kV
• 800 kV
• 1200 kV
• Surge Protection Device
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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