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Electric Insulator Market - Global Industry analysis & Trends to 2023

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.

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Electric Insulator Market - Global Industry analysis & Trends to 2023

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  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 T&D 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 @ https://www.marketsandmarkets.com/Market-Reports/industrial-insulators-market-239382720.html

  3. The ceramic segment is expected to hold the largest share of theelectric 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.marketsandmarkets.com/pdfdownload.asp?id=239382720

  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/requestCustomization.asp?id=239382720

  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 T&D 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, T&D spending, growing reliance on renewable sources of power generation, and construction and infrastructural activities in the recent past. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=239382720

  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 @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=26572447

  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/purchase_report1.asp?id=239382720

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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