Market Research Future published a half cooked research report on Global Insulator Market. The Insulator Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.
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.
The insulator market in the Asia-Pacific region is expected to grow the fastest during the forecast period. The rapid industrialization, urbanization, and fast economic growth with growing electrical infrastructure in the countries such as India and China, will drive the market for insulators.
The key players of global insulator markets are General Electric (U.S.), Siemens AG (Germany), Alstom S.A (France), Aditya Birla Nuvo Ltd. (India), Bharat Heavy Electricals Limited. (India), Toshiba Corporation (Japan), Hubbell Incorporated (U.S), Seves Group (Italy), Dalian Yilian Technology Co.,Ltd. (China) and ELANTAS GmbH (Germany).
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Market Research Analysis:
Asia-Pacific Region is Expected to Grow at the Fastest Rate:
Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia demand continuous electric supply for the operations of industries, data centers, emergency services, and commercial & household purposes. Ageing conventional transmission & distribution network often hinders the supply for continuous power. This is creating a lucrative market for insulators in this region.
Scope of the Report:
This study provides an overview of the global insulator market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
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The scope of the study segments the global Insulator market by its product type, capacity, by application, technology and by regions.
- Low voltage
- Medium voltage
- High voltage
- Cables & Transmission lines
- Surge protection services
By End User
- North America
- Asia Pacific
- Rest of the World
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