Electric Insulator Market 2019 Size, Share, Statistics, Trends, Business Strategy, Segmentation Analysis and Forecast to 2023

Market Highlights

Electric insulator is widely used in electrical devices in transformers, switchgear, busbar, and others. They are majorly installed in various industries such as chemical plants, food and beverage, and steel industry, among others. Additionally, 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.

Based on application, the market is segmented as cable, transformer, switchgear, busbar, and others. Transformer segment is estimated to dominate the market during the forecast period due to rising concerns over power thefts and safety of power networks. Considering the type, the market is segmented as ceramic, composite, and glass. Composite electric insulators are expected to grow during the forecast period due to their operational suitability and flexibility across a wider range of transmission and distribution voltages.

The global electric insulator market is expected to grow at 5.88% CAGR during the forecast period.

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Scope of the Report

This report provides an in-depth analysis of the global electric insulator market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the electric insulator market by its type, voltage, application, end-user, and by region.

By Type

Ceramic
Composite
Glass

By Voltage

Low
Medium
High

By Application

Cable
Transformer
Switchgear
Busbar
Others

By End-User

Utilities
Industries
Others

By Regions

North America
Asia-Pacific
Europe
Middle East & Africa
South America

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Key Players

The key players of the global electric insualtor market are ABB (Switzerland), General Electric (US), Siemens (Germany), NGK Insulators (Japan), Hubbell (US), Toshiba (Japan), Bharat Heavy Electricals Limited (India), Lapp Insulators (Germany), Maclean Fogg (US), and Southwire Company (US).

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This release was published on openPR.