Electric Insulators Market Notable industry players include General Electric, ABB, Siemens, Hubbell Lapp Insulators, NGK Insulators, Aditya Birla., Maclean Fogg, Elsewedy Electric, Seves Group, BHEL, and TE Connectivity among others

Electric Insulators Market is set to exceed USD 6 billion by 2024. Growing expenditure toward upgradation and expansion of existing grid infrastructure coupled with increasing investment toward development of electrical infrastructure will propel the electric insulator market share. Rising concern towards capacity expansion of transmission and distribution networks supported by stringent regulatory framework to enhance the reliability index will further complement the business outlook.

Grid modernization to boost grid reliability and resiliency will stimulate the electric insulators market share. Stringent energy efficiency regulations along with expansion of cross border interconnections across the nation will further boost the product penetration across the nation.

Rapid development of transmission and distribution networks will propel the composite electric insulators market. High mechanical strength, light weight and ease in installation are some of key benefits which will make its adoption preferable over other alternates. Ability to offer low surface energy and good hydrophobic surface property during fog, dew & rain will further complement the industry outlook.

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Utility electric insulators market is set to witness substantial growth owing to rising demand for upgradation and expansion of distribution network along with positive outlook toward replacement of conventional grid. The China announced to invest USD 350 Billion for expanding its power transmission networks between 2016 & 2020.

Favourable government measures toward deployment of smart electric grid network will stimulate the India electric insulators market. Government has introduced several initiatives including green energy corridors, smart grid vision and UDAY reforms that focus on comprehensive and scalable solutions for supporting electricity grid networks.

Growing demand for clean electricity along with increasing investment for expansion of electric grid networks across rural area will propel the Middle East & Africa electric insulators market share. Introduction of several electrification reforms to suffice growing energy demand along with installation of cost effective distribution systems will positively influence the business outlook. The government of Saudi Arabia announced to invest USD 5 billion in generation and USD 4 billion in distribution to reinforce its expanding and existing electricity infrastructure.

Shackle electric insulators market is predicted to witness growth on account of its wide application across high voltage distribution networks. Growing demand for cost effective product to conduct electricity across residential sector due to its heat and high voltage resistant features.

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Continuous technological advancement along with strict energy efficiency reforms toward grid stability will foster the electric insulators market share. Growing focus toward integration of renewable energy mix will further complement the industry outlook. According to world energy outlook, in the U.S. over 75% of USD 50 billion project objective at sustainable energy integration by 2023.
Major players across electric insulators market include General Electric, NGK insulators, Seves Group, Siemens, ABB, Lapp insulators, Maclean Fogg, Elsewedy Electric and Hubbell incorporated.

Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimation and forecast parameters

1.4. Data Sources

1.4.1. Primary

1.4.2. Secondary

1.4.2.1. Paid Sources

1.4.2.2. Public Sources

Chapter 2. Executive Summary

2.1. Electric insulators industry 3600 synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Material trends

2.1.3. Voltage trends

2.1.4. Application trends

2.1.5. Product trends

2.1.6. End-Use trends

2.1.7. Rating trends

2.1.8. Installation trends

2.1.9. Regional trends

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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