Insulator Market – expected to grow at a CAGR of 6% The Biggest Trends to watch out for 2017-2023

Market Highlights
The need for continuous uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure is expected to drive the growth of the global insulator market.
The insulator market in the Asia-Pacific region is expected to grow the fastest during the forecast period. The rapid industrialization, urbanization, and fast economic growth with growing electrical infrastructure in the countries such as India and China, will drive the market for insulators. Insulator Market is expected to grow over the CAGR of around 6% during the period 2017 to 2023.

Key Players:
The key players of global insulator market are
• General Electric (U.S.),
• Siemens AG (Germany),
• Alstom S.A (France),
• Aditya Birla Nuvo Ltd. (India),
• Bharat Heavy Electricals Limited. (India),
• Toshiba Corporation (Japan),
• Hubbell Incorporated (U.S),
• Seves Group (Italy),
• Dalian Yilian Technology Co. Ltd. (China)
• ELANTAS GmbH (Germany).

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Market Research Analysis
Asia-Pacific region is expected to grow at the fastest rate
Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia demand continuous electric supply for the operations of industries, data centers, emergency services, and commercial & household purposes. Ageing conventional transmission & distribution network often hinders the supply for continuous power. This is creating a lucrative market for insulators in this region.

Scope of the Report
This study provides an overview of the global insulator market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). 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 global Insulator market by its product type, capacity, by application, technology and by regions.
By Type
• Ceramic
• Composite
By Voltage
• Low voltage
• Medium voltage
• High voltage
By Application
• Cables & Transmission lines
• Transformers
• Switchgears
• Busbars
• Surge protection services
• others
By End User
• Utilities
• Industries
• Others
By Regions
• North America
• Asia Pacific
• Europe
Rest of the World

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Growing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the global insulator market size over the forecast timeline. The unique property of insulators to resist the energy transmission from one medium to another, would make them convenient for various applications.

Insulators are classified based on their capacity types, as ceramic, glass and composite insulator. The ceramic insulator holds major share in the current market and is expected to continue its dominance in global insulator market, owing to properties such as, environmental friendliness, better electrical strength than other two insulators, high resistance to rodents, termites, birds & other animals to climate changes, and conditions such as dust, salinity and high moisture. Besides, they are cheap & easy to install, which will foster the growth of global insulator market.

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