Electric Insulator Market 2020 Global Insights and Business Scenario -ABB Ltd, Siemens AG, General Electric Company, Hubbell Inc

The Global Electric Insulator Market report provides a detailed analysis of the market by end-user (replacement and OEM) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several Electric Insulator manufacturers including ABB Ltd, Siemens AG, General Electric Company, Hubbell Inc. and Bharat Heavy Electricals Limited.

The market for an electric insulator is expected to grow at a CAGR of approximately 7.81% during the forecast period of 2020 - 2025.

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Top Key Players in the Global Electric Insulator Market: ABB Ltd, Siemens AG, General Electric Company, Hubbell Inc. and Bharat Heavy Electricals Limited.

Key Market Trends

Increasing Demand for Ceramic/Porcelain Type Insulators

- The Ceramic/porcelain type is expected to dominate the electric insulator market in 2019. Electrical insulators made of ceramic are primarily used in high voltage insulating systems. Furthermore, these insulators can be custom manufactured to be applied in high-temperature resistors.
- The ceramic insulators usually have a higher dielectric constant, which does not vary much with varying temperatures, unlike glass, which conducts more electricity at elevated temperatures, i.e., the dielectric constant of glass varies with temperature.
- The demand for ceramic electrical insulators is expected to be driven by the expanding transmission and distribution network, supported by growing energy consumption, penetration of renewables in the global energy mix, among various other factors.
- It is expected that by 2022, the renewable energy capacity growth would be as high as 90%, out of which a significant fraction is likely to come from big utility-scale projects, which, in turn, is a positive indicator for the transmission and distribution market, and consequently a bright market outlook for the ceramic electric insulators in the coming years.

Regional Analysis for Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

This Electric Insulator Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.

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Asia-Pacific to Dominate the Market

- Asia-Pacific is expected to dominate the electric insulator market in 2019 and is expected to continue its dominance in the coming years. The demand for electricity in the region is witnessing high growth, owing to the rapid industrialization and urbanization. This, in turn, has resulted in an increment in the power generation capacity and rapid expansion of transmission and distribution (T&D) infrastructure in countries such as China, India, and Japan.
- The Chinese power sector has heavily depended on the coal-based power plant in the past, which has led to air pollution in the country. To reduce the dependency on coal, the country eliminated or suspended 65 GW of coal-fired power capacity in 2017, exceeding the national target of 50 GW. It is further planned to eliminate more than 109 GW by the end of 2020 and keep coal-fired power plant capacity below 1100 GW.
- The Chinese government has selected renewable energy and natural gas not only to fill the gap created by the shutdown of coal-based fired power plants but also to meet the increasing demand for electricity. The development of the renewable sector is expected to continue in the coming years, and China is anticipated to account for more than 40% of the global renewable energy mix by 2022. This is expected to result in the development of T&D infrastructure for the delivery of renewable energy to end-users and hence drive the demand for electrical equipment, such as electric insulators.
- The T&D expenditure in India is witnessing significant growth due to increasing power generation capacity and privatization of the distribution sector. In FY17, more than 25,000 km (circuit kilometers) of transmission lines had been commissioned, which was 100.9% of the annual target of 23,384 km fixed for 2016-17, resulting in huge demand for electric insulators.
- On the other hand, Japan has witnessed significant growth in the EV charging stations, which reached 27,000 marks in the first quarter of 2018, resulting in a significant demand for electric insulators.

Influence of the Electric Insulator Market report:

-Comprehensive assessment of all opportunities and risks in the Electric Insulator Market.

- Electric Insulator Market recent innovations and major events.

-A Detailed study of business strategies for the growth of the Electric Insulator Market-leading players.

-Conclusive study about the growth plot of Electric Insulator Market for forthcoming years.

-In-depth understanding of the Electric Insulator Market -particular drivers, constraints, and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Electric Insulator Market.

The research includes historic data from 2015 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Electric Insulator Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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