Electric Insulator Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos
The electric insulator market caters to extensive market share and is
expected to witness a soaring growth rate during the forecasted period as well.
Factors such as growing adoption of renewable energy sources, increasing
investments in T&D networks, and refurbishment of existing grid networks
across the globe. In addition, the development of renewable-based power
generation is expected to result in the expansion of T&D infrastructure, resulting
in an increase in demand for electric insulators over the coming years.
Further, insulators find vast applications in different industries as safety
devices on account of properties such as low thermal expansion and high
dielectric strength. Soaring development in emerging economies rising the
adoption of advanced technologies coupled with increasing urbanization leading
to smart infrastructure buildings is expected to escalate the market size of
electric insulators.
Request to Download Sample of this Strategic Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=20480
The coronavirus pandemic was declared a public health emergency worldwide by
World Health Organization (WHO) in 2020. The strict guidelines were issued by
governments for local authorities, industrial, and commercial activities, even
all non-essential operations were halted which had suspended the activities of
end-users. COVID-19 has adversely affected the growth of the power industry as
it resulted in delayed operations, manpower shortages, and supply chain
disruptions, amongst others, in turn, affecting the demand for the electric
insulator.
According to UnivDatos Market Insights (UMI)’ research report “global
electric insulator”, the market was valued at around 11 bn in 2020 and is
expected to grow at a CAGR of more than 6% during the forecast period
(2021-2027). The electric
insulator market is growing at a flourishing rate and is expected to
witness significant growth during the forecasted period. Insulators are used in
every electrical circuit as they have high resistivity and low conductivity.
Insulators avoid leakage of current and ensure the safety of humans and the
stable operation of an electric circuit. Insulators are used for isolation and
to avoid external disturbance of electrical equipment and circuits. Factors
that are positively influencing the market size of an electric insulator such
as several developed economies are currently investing in the refurbishment of
aging grid technology and establishing sustainable electrical networks for
carrying electricity generated through renewable sources.
On the other hand, with rapid urbanization and technological developments,
governments in the emerging economies are undertaking initiatives, such as
smart grid vision and green energy corridors, to create reliable and efficient
grid infrastructure to wider the reach of electricity in every corner of a
rural and urban area is expected to escalate the market size of electric
insulator.
Request to Download Sample of this Strategic Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=20480
Based on Type, the electric insulator market is classified
into ceramic, composite, and glass. The composite segment caters to extensive
market share in the electric insulator market and is predicted to be the
fastest-growing segment in the forecasted period. Compared with ceramic
insulators and glass insulators, composite insulators possess superior
mechanical properties, good insulation, anti-pollution flashover performance,
and are easily installed and maintained.
Based on Voltage, the electric insulator market is
categorized into low, medium, and high. The medium voltage segment caters to a
significant market share in the electric insulator market. The medium voltage
insulator demand is increasing owing to the rising adoption of high insulation
resistance insulator material coupled with good thermal conductivity, moisture
coupled with high mechanical strength, and convenient processing which is
positively influencing the demand for medium voltage to isolate the charged
parts with different potential in electrical equipment.
Based on Application, the electric insulator market is
segmented into classified into surge protection devices, cable, switchgear,
transformer, busbar, and others. Transformer caters a considerable share in the
electric insulator market and is expected to witness high growth during the
forecasted period. It is mainly due to the surging installation of various
transformer types for meeting the rising electricity requirements that have led
to the extensive share of the transformer segment in the total electric
insulator market.
Based on End-User, the electric insulator market is
classified into utilities, industries, and others. The industry segment caters
to a considerable share of the electric insulator market. The increasing growth
of industries that require major power consumption is mining, construction, and
agriculture. Continuous development of industries.
For more informative information, please visit us – https://univdatos.com/report/electric-insulator-market/
Asia Pacific to witness the highest growth
Based on region, the report provides a detailed analysis of the overall
adoption of Electric insulators in the major region including North America
(United States, Canada, Rest of North America, Europe (Germany, UK, France,
Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest
of APAC), Rest of the World. The Asia Pacific caters to extensive market share
in the electric insulator market and is expected to grow at an increasing rate.
Factors such as the growing demand for electricity in the region is witnessing
high growth, owing to rapid industrialization and urbanization are escalating
the market size of the electric insulator.
According to UnivDatos Market Insights (UMI)’, the key players with a
considerable market share in the global Electric insulator market are ABB,
General Electric, Toshiba, NGK Insulator, Siemens, LAPP Insulators, TE
Connectivity, Hubbell, Bharat Heavy Electricals Limited, Seves Group. Several
M&As along with partnerships have been undertaken by these players to boost
their presence in different regions.
“Global Electric insulator Market”
provides comprehensive qualitative and quantitative insights on the industry
potential, key factors impacting sales and purchase decisions, hotspots, and
opportunities available for the market players. Moreover, the report also
encompasses the key strategic imperatives for success for competitors along
with strategic factorial indexing measuring competitors’ capabilities on
different parameters. This will help companies in the formulation of
go-to-market strategies and identifying the blue ocean for its
offerings.
For more informative information, please visit us – https://univdatos.com/report/electric-insulator-market/
Market Segmentation:
- By Type
(Ceramic, Composite, and Glass)
- By Voltage (Low, Medium, and High)
- By Product (Pin, Suspension, Strain, Shackle, and Others)
- By Application (Surge Protection Devices, Cable, Switchgear, Transformer,
Busbar, and Others)
- By End-User (Utilities, Industries, and Others)
- By Region
(North America (United States, Canada, Rest of North America), Europe
(Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific
(China, India, Australia, Japan, Rest of APAC), ROW.
- By Company (ABB, General Electric, Toshiba, NGK Insulator, Siemens, LAPP
Insulators, TE Connectivity, Hubbell, Bharat Heavy Electricals Limited,
Seves Group)
Key questions answered in the study:
- What are the current and future trends of the global Electric
insulator industry?
- How the industry has been evolving in terms of type, voltage,
product application, end-user, and region?
- How the competition has been shaping across the countries
followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global
Electric insulator industry?
- What is the customer orientation, purchase behavior, and
expectations from the global Electric insulator suppliers across various
regions and countries?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL ELECTRIC INSULATOR MARKET COVID-19 IMPACT
6 GLOBAL ELECTRIC INSULATOR MARKET REVENUE 2019-2027F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY VOLTAGE
9 MARKET INSIGHTS BY PRODUCT
10 MARKET INSIGHTS BY APPLICATION
11 MARKET INSIGHTS BY END-USER
12 MARKET INSIGHTS BY REGION
13 Rest Of the World Electric Insulator Market
14 ELECTRIC INSULATOR MARKET DYNAMICS
15 ELECTRIC INSULATOR MARKET OPPORTUNITIES
16 ELECTRIC INSULATOR MARKET TRENDS
17 LEGAL & REGULATORY FRAMEWORK
18 DEMAND AND SUPPLY-SIDE ANALYSIS
19 VALUE CHAIN ANALYSIS
20 COMPETITIVE SCENARIO
21 COMPANY PROFILED
22 DISCLAIMER
Browse Other Related Research Reports from UnivDatos Market Insights
- CPG
Digital Marketing Market to Reach US$ 60.6 Billion by 2027, Globally
|CAGR: 7.8%|
- Digital
Advertisement Market to Reach US$ 626 Billion by 2026, Globally |CAGR:
7.7%|
- MENA
3D Printing Market is expected to exceed US$ 1 Billion by 2025 |CAGR:
12.7%|
- Digital
Payments Market to Reach US$ 167.6 Billion by 2026, Globally |CAGR: 18.5%|
Labels: Electric Insulator Market
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home