Electric Insulator Industry Global Market Trends, Share, Size and 2023 Forecast Report
The Electric Insulator Market is projected to reach US$ 13.34 Billion by 2023, from an estimated US$ 10.17 Billion in 2018, at a CAGR of 5.58%. This growth can be attributed to the growing adoption of renewable energy sources, increasing investments in T&D net works, and refurbishment of existing grid networks across the globe.
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Asia Pacific is estimated to be the fastest growing market for electric insulators by 2023 and is projected to grow at the highest CAGR during the forecast period. Increase in population, urbanization, and growth of the industrial sector have increased the demand for power in China and India. The governments of Asia Pacific countries are planning to develop more electrical grid and power generation capacity, which would further boost the demand for insulators in the region.
The Study Objectives of this report are:
- To strategically analyze the electric insulator industry with respect to individual growth trends, future expansions, and contributions to the market
- To forecast the growth of the electric insulator market with respect to the major regions (Asia Pacific, Europe, North America, South America, Middle East, and Africa)
- To provide detailed information about major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze competitive developments such as new product development, mergers & acquisitions, expansions & investments, and contracts & agreements, in the electric insulator industry
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
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Top Key Players in the “Electric Insulator Market” include are
- ABB (Switzerland)
- GE (US)
- Siemens (Germany)
- Toshiba (Japan)
- Aditya Birla (India)
Target Audience
- Consulting companies in the power sector
- Component manufacturers and suppliers
- Electric utilities
- Electrical insulators manufacturing companies
- State and national regulatory authorities
- Government and power research organizations
- Power grid infrastructure companies
- Power plant project developers
- Renewable energy companies
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