Electric Insulator Market worth $13.34 billion by 2023 (1) - PowerPoint PPT Presentation

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Electric Insulator Market worth $13.34 billion by 2023 (1)

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The global electric insulator market is projected to reach a market size of USD 13.34 billion by 2023, at a CAGR of 5.58%, from an estimated USD 10.17 billion in 2018. Increasing investments in T&D networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources are some of the major drivers of the electric insulator market. Increasing investments in smart grid projects and HVDC transmission methods for long-distance transmission could act as the opportunities for the electric insulator market. – PowerPoint PPT presentation

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Title: Electric Insulator Market worth $13.34 billion by 2023 (1)


1
Electric Insulator Market by Type, Voltage,
Category, End-User, Application, and Region -
Global Forecast to 2023
www.MarketsandMarkets.com
2
The electric insulator market is expected to grow
from an estimated USD 10.17 billion in 2018 to
USD 13.34 billion by 2023, at a CAGR of 5.58.
Increasing investments in TD networks,
refurbishment of the existing grid networks, and
growing adoption of renewable energy sources
across the globe are likely to drive the electric
insulator market.  Increasing investments in
smart grid projects and growing demand for HVDC
transmission projects can lead to opportunities
in the electric insulator market. Browse and
in-depth TOC on "Electric Insulator Market" 85 -
Tables 38 - Figures 152 - Pages   View more
detailed TOC _at_ https//www.marketsandmarkets.com/
Market-Reports/industrial-insulators-market-239382
720.html
3
The ceramic segment is expected to hold the
largest share of the electric insulator market,
by type, during the forecast period. The ceramic
segment led the electric insulator market in 2017
and is projected to have the largest market share
during the forecast period. Ceramic insulators
can perform in rugged environments with minimal
leakage and provide optimum mechanical strength
with considerable stress resistance. Ceramic
insulators are less expensive, have a longer
life, and are easy to manufacture.  Many
manufacturers are present in the market, thereby
resulting in a higher market share of ceramic
insulators compared to composite
insulators. PDF Brochure https//www.marketsa
ndmarkets.com/pdfdownload.asp?id239382720

4
The low segment is expected to hold the largest
share of the electric insulator market, by
voltage, during the forecast period. The low
voltage segment led the electric insulator market
in 2017 as these types of insulators are mostly
used in residential applications and across
various industries such as chemical plants, food
beverage, cement, steel manufacturing, and
other industries. Increasing industrialization
and urbanization is one of the major drivers for
the growth of the low voltage segment during the
forecast period. Factors such as increasing
demand for electricity, rising power generation
capacity, and increasing usage of renewable
sources to generate electricity are expected to
boost the demand for the low voltage
segment. Request for Customization
https//www.marketsandmarkets.com/requestCustomi
zation.asp?id239382720
5
Asia Pacific The leading market for electric
insulator Asia Pacific is estimated to be the
fastest growing market for electric insulators
during the forecast period. Asia Pacific is the
most populated region in the world and
consequently witnesses a high demand for
electricity. Factors such as increased power
consumption, government mandates on energy
efficiency, rising influx of renewable sources in
the energy mix, renovation, modernization, and
expansion of TD networks are driving the
electric insulator market in the region. The high
growth rate in the Asia Pacific region can be
attributed to increased investments in the smart
grid infrastructure development, TD spending,
growing reliance on renewable sources of power
generation, and construction and infrastructural
activities in the recent past. Request Sample _at_
https//www.marketsandmarkets.com/requestsample.as
p?id239382720
6
  • 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
  • Speak to analyst _at_ https//www.marketsandmarkets.c
    om/speaktoanalyst.asp?id26572447

7
  • Key players -
  • To enable an in-depth understanding of the
    competitive landscape, the report includes the
    profiles of some of the top players in the
    electric insulator market. The key players 
  • ABB (Switzerland),
  • GE (US),
  • Siemens (Germany),
  • Toshiba (Japan),
  • Aditya Birla (India), etc.
  • Buy Now -
  • https//www.marketsandmarkets.com/Purchase/purchas
    e_report1.asp?id239382720

8
ContactMr. Shelly SinghMarketsandMarkets
INC.630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 UK
44-800-368-9399Email sales_at_marketsandmarkets.com
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