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Insulator Market Growth 2020 Trends, COVID – 19 Outbreak, Competitive Analysis and Forecast to 2025

07.28.2020 · Posted in Writing and Speaking

According the latest report published by Market Research Future (MRFR), the global insulator market is set to exhibit a compound annual growth rate of 6% during the assessment period (2018-2023). 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.

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.

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Insulators are classified based on their capacity types, as ceramic, glass and composite insulator. The ceramic insulator holds major share in the current market and is expected to continue its dominance in global insulator market, owing to properties such as, environmental friendliness, better electrical strength than other two insulators, high resistance to rodents, termites, birds & other animals to climate changes, and conditions such as dust, salinity and high moisture. Besides, they are cheap & easy to install, which will foster the growth of global insulator market.

Insulators have properties such as high dielectric strength, resistivity and low thermal expansion. Electric insulators have emerged as an important component in electrification activity. They are used in activities such as grid expansion, setting up new transmission and distribution units and developing electrical infrastructure. Insulator are common across the globe, they find application in various industry verticals. With safety regulation becoming more stringent, application of insulation continues to grow in industries.

Modern insulators have compact designs and are cost-effective, which make them suitable for various utilities.  The growing demand for electricity is leading to development of new grids, which continues to drive insulator demand worldwide. However, rising raw material price and increased focus on developing alternative solutions may hamper the market during the forecast period.

Segmental Overview

The segmental analysis of the global insulator market has been conducted on the basis of type, voltage, application, and end user.

By type, the market has been segmented into composite, glass and ceramic.

By voltage, the market has been segmented into low voltage, medium voltage and high voltage.

By application, the market has been segmented into transformers, cables & transmission lines, busbars, switchgears, surge protection services and others.

By users, the market has been segmented into industries, utilities and others. The utility segment is expected to remain highly attractive during the assessment period.

Competitive Analysis

MRFR in its report has covered some of the leading companies operating in the global insulator market, namely Siemens AG (Germany), Aditya Birla Nuvo Ltd. (India), Toshiba Corporation (Japan), Seves Group (Italy), ELANTAS GmbH (Germany), General Electric (U.S.), Dalian Yilian Technology Co. Ltd. (China), Alstom S.A (France), Hubbell Incorporated (U.S) and Bharat Heavy Electricals Limited. (India).

APAC Leads the Global Insulator Market

On the basis of region, the global insulator market has been into Asia Pacific (APAC), North America, the Middle East & Africa (MEA) and Latin America.

Among these, the APAC insulator market is expected to remain highly lucrative during the forecast period. Rapid urbanization, industrialization and economic growth in countries such as China and India is reflecting favorably on the market in APAC. At the same time, expansion of the construction & infrastructure sector remains a positive element for the insulator market.

Europe and North America are the other two high-growth markets for insulators. Advanced counties in these regions present attractive market opportunities. Local policy makers in these regions are introducing frameworks that can allow faster upgradation of aging infrastructures. Similarly, focus towards expansion of distribution network and transmission along with adoption of smart grids is having a cumulative effect on the market in these regions.

Scope of the Report

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Insulator market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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