$13.3 Billion Electric Insulator Market by Type, Voltage, Category, End-User, Application and Region - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 25, 2018--The “Electric Insulator Market by Type (Ceramic, Glass, and Composite), Voltage (Low, Medium, and High), Category (Bushings), End-User (Utilities, Industries), Application (Transformer, Cables, Busbar), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The electric insulator market is projected to reach USD 13.34 billion by 2023, from an estimated USD 10.17 billion in 2018, at a CAGR of 5.58%.
This growth can be attributed to the growing adoption of renewable energy sources, increasing investments in T&D networks, and refurbishment of existing grid networks across the globe. However, increasing availability of low-quality gray market products can hinder the growth of the market.
The composite segment is estimated to be the fastest growing segment the forecast period. Composite insulators consist of silicone rubber housing and sheds, fiberglass core rod and metal end fittings. Composite insulators have certain advantages such as lightweight, improved transmission line aesthetics, less gunshot damage, high shock resistance, and ease of installation. These advantages make composite insulators more suitable over conventional porcelain insulators.
The transformer segment, by application, is estimated to be the fastest growing during the forecast period. Increasing installation of various transformer types for meeting the rising electricity requirements has led to the largest share of the transformer segment in the total electric insulator market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Electric Insulator Market, By Type
7 Electric Insulator Market, By Voltage
8 Electric Insulator Market, By Category
9 Electric Insulator Market, By Application
10 Electric Insulator Market, By End-User
11 Electric Insulator Market, By Region
12 Competitive Landscape
13 Company BenchmarkingABB Aditya Birla Nuvo Siemens General Electric NGK Insulators Hubbell Toshiba Bharat Heavy Electricals Limited Lapp Insulators Maclean-Fogg Seves Group TE Connectivity For more information about this report visit https://www.researchandmarkets.com/research/vzlzpm/13_3_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180925005620/en/
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Related Topics:Electrical Switches
INDUSTRY KEYWORD: ENERGY UTILITIES
SOURCE: Research and Markets
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PUB: 09/25/2018 08:05 AM/DISC: 09/25/2018 08:05 AM