Porcelain Insulators Market Size, Industry Analysis Report, Regional Outlook

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Porcelain Insulators Market industry analysis
research and trends report for 2019 2025
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Porcelain Insulators Market

• Porcelain Insulators Market size will witness
  robust growth on account of ongoing
  electrification programs along with growing
  investments toward electrification of railway
  lines. For instance, in September 2018, the
  Government of India announced to invest worth USD
  1.75 billion toward 100 electrification of the
  railway lines across the country. Furthermore,
  low manufacturing costs, simple construction and
  ability to withstand Ultra-Violet (UV) radiations
  are some of the highlighted factors, stimulating
  the product demand.
• Surging investments toward the refurbishment and
  replacement of aging electrical infrastructure
  across the developed economies coupled with the
  growing adoption of smart grid technologies will
  drive the porcelain insulators market growth. As
  per the U.S. Energy Information Administration
  (EIA), in 2017, major utilities across the
  country had invested over USD 50 billion toward
  expansion and strengthening of nations
  distribution networks.
• Low voltage porcelain insulators market size is
  set to grow on account of increasing construction
  of residential and small-scale commercial
  establishments along with ongoing rural
  electrification measures across the developing
  regions. For instance, in 2018, the World Bank
  granted a loan of USD 350 million to Nigeria,
  toward the electrification of educational
  institutes, households and small enterprises.

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• Growing investments toward the expansion of
  Transmission Distribution (TD) infrastructure
  to support the ongoing large-scale renewable
  power integration will propel the high voltage
  porcelain insulators market growth. Rising focus
  of utilities toward strengthening and
  modernization of grid networks along with
  introduction of ambitious renewable integration
  target of governments will further complement the
  industry landscape. For instance, in 2018,
  Germany has set target to achieve 65 electricity
  generation from renewable sources by 2030.
• Asia pacific porcelain insulators market share
  will witness appreciable growth on account of
  growing electricity demand and ongoing rural
  electrification programs. Proliferating
  population growth, rapid urbanization, and
  changing consumer lifestyles are few factors
  which has propelled demand for electricity across
  the region.
• In 2016, as per the Central Electricity Authority
  (CEA), per capita consumption of electricity in
  India has reached 1,075 kWh, witnessing a growth
  of over 35 from 2010. In addition, regulatory
  efforts toward renewable power integration and
  clean energy economy will propel the business
  outlook

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