Press release
Electric Insulators Market Size, Share, Future Prospects and Forecast 2019-2025
A full Report of Electric Insulators Market is Available at: https://www.omrglobal.com/industry-reports/electric-insulators-market
The increasing need for uninterrupted electricity has also accelerated the demand for stable and reliable transmission and distribution (T&D) networks as sudden power outages caused by the unreliable T&D network can lead to treat to national security. According to the US Department of Energy, the US experiences more blackouts as compared to any other developed number. These blackouts lead to an additional cost of $150 billion per year to US businesses. Aging infrastructure, lack of investments, and lack of clear policy to modernize the grid are the key factors that are responsible for the increased number of blackouts. In 2018, American Electric Power, the US has planned to invest $17.7 billion in the development of the power grid over the next three years. The investment for grid refurbishment is expected to further support the growth of the electric insulators market.
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The stringent government regulations for reducing the number of power blackouts and the refurbishment of the aging T&D networks across the globe are further supporting the growth of the electric insulators market. For instance, the US Energy Independence and Security Act (2007) mandate and promote the development and investment funds to make an investment in the intelligent electric network technologies. The up-gradation of the substation in the developed nations along with network additions across the globe to handle the increasing flow of power is anticipated to propel the growth of the electric insulator market.
According to the US DOE, nearly 75% of transmission lines and transformers older than 25 years and need rejuvenation, therefore, in 2017, the US and Canadian power utilities had planned to invest $980 billion over the next 20 years for the replacement, up-gradation, and expansion of the aging transmission infrastructure. The huge infrastructure spending to recreate the T&D network is anticipated to propel the growth of the electric insulator market.
Global Electric Insulators Market Segmentation
By Type
• Composite Insulator
• Ceramic Insulator
• Glass Insulator
By Application
• Transformer
• Cables
• Switchgear
• Surge Protection Device
• Others (Busbar)
Global Electric Insulators Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle-East Africa
Company Profiles
• ABB, Ltd.
• Aditya Birla Nuvo Ltd.
• Bharat Heavy Electricals Ltd.
• Deccan Enterprises Ltd.
• El Sewedy Electric Co S.A.E.
• GAMMA Insulator Co.
• General Electric Co.
• Hubbell Inc.
• Isolantite Manufacturing Co., Inc.
• Maclean-Fogg Co.
• Modern Insulators Ltd.
• Monti Inc.
• Nanjing Electric Group Co., Ltd.
• NGK Insulators Ltd.
• Olectra Greentech Ltd.
• Seves Group
• Siemens AG
• TE Connectivity Corp.
• The Gund Co., Inc.
• Victor Insulators, Inc.
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