Electrical Insulators - Global Market Forecasts from 2018 to 2023 by Type, Size, Application and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Electrical Insulator Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.The electrical insulator market is expected to grow at a CAGR of 5.11% over the forecast period of 2017-2023. The growth of this market is majorly attributed to rapid growth of energy and power industry in many regions across the globe. Governments across the globe are spending huge amounts into energy and power sector to boost its growth and ensure proper availability of utilities at affordable prices to every individual. According to a data from the International Energy Agency (IEA), total investments in energy sector worldwide were around $1.8 trillion in 2017. Out of this total investment, spending by the governments in electricity sector was nearly US$ 750 billion while that in oil and gas supply was around US$ 715 billion.Spending by governments into power transmission network has been one of those sub-sectors which have been receiving a significantly large share of the total investments in electricity sector. According to a data from the Federal Energy Regulatory Commission (FERC) the spending on capital additions for utilities in the US was around $21 billion in 2016 out of which, the spending into transmission additions held a major share.According to the reports, total spending into transmission of utilities included in the FERC data was nearly $35 billion, with spending in transmission infrastructure alone accounting for around 61% of the total spending. These investments into transmission infrastructure are driving with them the demand for electrical insulators worldwide, thus driving the growth of the market.
By type, solid insulators hold a major share in this market on account of widespread use of these insulators in a wide range of applications. Liquid and gas insulators also hold a significant share and their market is expected to show a good growth over the projected period.
By application, power and energy holds a major share in this market on account of increasing spending by the governments into energy transmission infrastructure. Manufacturing and automotive industry are expected to show a good growth over the projected period on account of increasing investments into production capacity expansion by major industry players.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Electrical Insulator Market by Type
6. Electrical Insulator Market by Size
7. Electrical Insulator Market by Application
8. Electrical Insulator Market by Geography
9. Competitive Intelligence
10. Company ProfilesDuPontELANTAS GmbHITW FormexKREMPEL GmbH3MHaysite Reinforced PlasticsVitar Insulation Manufacturers Ltd.Mitsui Chemicals Inc.ABBBASF SEAmerican Micro IndustriesEIS Inc.Zhejiang Jinlihua Electric Co. Ltd.
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Related Topics:Electrical Engineering
INDUSTRY KEYWORD: MANUFACTURING ENGINEERING
SOURCE: Research and Markets
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PUB: 12/06/2018 07:38 AM/DISC: 12/06/2018 07:38 AM