Electric Insulator Market || In-Depth Market Research and Trends Analysis

The report "Global Electric Insulator Market by Dielectric Material Type (Ceramic/Porcelain, Glass, and Composite/Polymer), End-User (Residential, Commercial, and Industrial Sector/Utilities), and Region - Global Forecast to 2029" Global Electric Insulator market is projected to grow from US $xx billion in 2019 to US$ XX billion by 2029. Insulators find vast applications in different industries due to its low thermal expansion and high dielectric strength which boost target market growth. Growth in smart grid infrastructure propels the growth for the target market. Furthermore, rapid urbanization and technological developments, with governments of emerging economies are undertaking initiatives, such as smart grid vision and green energy corridors, to make reliable and efficient grid infrastructure will provide a great opportunity to the market.

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Key Highlights:

In December 2018, Hitachi Ltd. stated that it has decided to acquire the power grids business from ABB Ltd and has signed an agreement with ABB.
On 4 Jan 2020 Siemens announce to acquire New Delhi-based C&S Electric for around ₹2,100 crores. This acquisition will create a way for the establishment of a design and manufacturing hub in India, also supporting the export of electrification solutions to fast-developing markets around the world, said a company statement.
Key Market Insights from the report:

The global Electric Insulator market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis, Dielectric Material Type, End-User, and by a region.

By dielectric material type, the global electric insulator market is classified into ceramic/porcelain, glass, and composite/polymer
End-user the global electric insulator market is classified into a residential, commercial, and industrial sector/utilities
By region, Asia-Pacific is expected to dominate the electric insulator market. This is an attribute to the growing demand for the electricity due to the rapid industrialization and urbanization This increased the power generation capacity and fast expansion of transmission and distribution (T&D) infrastructure in the region, which supports the growth for the target market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Electric Insulator Market by Dielectric Material Type (Ceramic/Porcelain, Glass, and Composite/Polymer), End-User (Residential, Commercial, and Industrial Sector/Utilities), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2029

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The key players operating the global Electric Insulator market include ABB Ltd., Aditya Birla Nuvo Ltd, NGK Insulators Ltd, Siemens AG, General Electric Company, Bharat Heavy Electricals Limited, Lapp Insulators GmbH, and Hubbell Inc. The key player in the market is focusing on business expansion and agreement strategy.

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This release was published on openPR.