Electric Insulator Market to rise At 5% growth rate by 2023, according Global Electric Insulator Market 2019 Industry Forecast To 2023 Research Report published by Market Research Future.
— Global Electric Insulator Market is segmented by Type (Ceramic, Composite, Glass), Voltage (Low, Medium, High), Application (Cable, Transformer, Switchgear, Busbar), End-User, and Region (North America, Europe, Asia-Pacific and Rest of World).
Global Electric Insulator Market Highlights:
Global Electric Insulator Market Growth is attributed to factors such as rising government efforts toward clean energy economy and renewable power integration has driven investments in the country’s power transmission & distribution infrastructure, which in turn would accelerate the growth of electric insulator during the forecast period.
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Electric Insulator Market Key Players Studied In Report:
ABB (Switzerland), General Electric (US), Siemens (Germany), NGK Insulators (Japan), Hubbell (US), Toshiba (Japan), Bharat Heavy Electricals Limited (India),
Electric insulator is a type of material that resists the flow of electric current. It is generally used in all the electric devices in the transmission and distribution lines. There are mainly three types of electric insulators, namely, pin insulator, suspension, and shackle, among others. With the increasing investments in transmission and distribution networks, there is high demand for electric insulators in the power industry. According to OECD, the cumulative power sector investment from 2017 to 2040 would approximately reach USD 5.9 trillion for transmission and USD 2.1 trillion for distribution network. Thus, the demand for electric insulators are estimated to increase during the forecast period.
Growing investment in refurbishment of aging grid infrastructure across the developed countries would accelerate the growth of electric insulator market. For instance, according to the World Energy Outlook, an investment of over USD 3.4 trillion would contribute to the refurbishment and replacement of existing assets. Similarly, in 2018, American Electric Power (US) planned to invest USD 17.7 billion in power grid over the next over the next three years. This would further drive the growth of electric insulator market in the power sector. Similarly, Southeast Asian countries are planning to invest aggressively in smart grid infrastructure which can lead to opportunities in the electric insulator market. Moreover, according to the US Energy Information (EIA), major utilities are largely spending on distribution systems, majorly driven by capital expenditures on replacement of aging electrical equipment.
Market Segment Analysis:
The scope of the study segments the electric insulator market by its type, voltage, application, end-user, and by region.
Region wise, Asia Pacific held the largest market share of the global electric insulator market in 2017. It is estimated that Asia-Pacific region would also be the fastest growing market during the forecast period, mainly due to the rising investment in power grid infrastructure, growing urbanization, and increasing construction activities across the globe. The electric insulators in the power industry would be driven by the growth in infrastructural activities and rising electrification across the globe. China accounts for the largest share owing to higher investment in transmission and distribution network, resulting in an increased demand for electric insulators.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List Of Tables:
Table 1 Global Electric Insulator Market: By Region, 2017-2023
Table 2 North America Electric Insulator Market: By Country, 2017-2023
Table 3 Europe Electric Insulator Market: By Country, 2017-2023
Table 4 Asia Pacific Electric Insulator Market: By Country, 2017-2023
Table 5 RoW Electric Insulator Market: By Country, 2017-2023
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP-DOWN & BOTTOM-UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER'S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL ELECTRIC INSULATOR MARKET SHARE, BY TYPE, 2017 (%)
FIGURE 9 GLOBAL ELECTRIC INSULATOR MARKET, BY TYPE, 2018–2023 (USD MILLION)
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