Market Highlights:
Competitive Analysis – The key players of the global electric insualtor market are ABB (Switzerland), General Electric (US), Siemens (Germany), NGK Insulators (Japan), Hubbell (US), Toshiba (Japan), Bharat Heavy Electricals Limited (India), Lapp Insulators (Germany), Maclean Fogg (US), and Southwire Company (US).
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Market Drivers and Restraints:
Electric insulator is widely used in electrical devices in transformers, switchgear, busbar, and others. They are majorly installed in various industries such as chemical plants, food and beverage, and steel industry, among others. Additionally, rising government efforts toward clean energy economy and renewable power integration has driven investments in the country’s power transmission & distribution infrastructure, which in turn would accelerate the growth of electric insulator during the forecast period.
Additionally. the global electric insulator market is projected to grow at a high rate during the forecast period due to the growing adoption of renewable energy sources. According to IEA, renewable energy sources holds the largest share of investment in power generation, with an investment of USD 350 billion annually. Countries across the globe are shifting towards renewable power generation. For instance, the government of China aims to spend USD 360 billion on renewable energy by 2020, leading to increase in the demand for electric insulators in the country.
Electric Insulator Market Segment Analysis:
Global electric insulator market has been segmented based on type, voltage, application, end-user, and region.
- on type, the market is classified into ceramic, glass and composite. Ceramic segment is leading the market and has the largest market share, mainly due to its wide application in rugged environments with minimal leakage and provide mechanical strength with stress resistance. These types of insulators are less expensive and easy to maintain, thereby resulting in higher market share compared to glass insulators.
Regional Analysis:
Global electric insulator market is expected to witness substantial growth during the forecast period owing to growing investments power grid infrastructure along with rapid urbanization in emerging economies. According to India Brand Equity Foundation (IBEF), increasing electrification would drive the growth of power consumption to 1,847 TWh in India in 2022. This would drive the electric insulator market globally.
Asia Pacific holds the largest share in the electric insulator market due to increased investments in the smart grid infrastructure development, T&D spending, growing dependence on renewable power generation sources, and infrastructural activities in the recent past. China accounted for the highest installed generation and distribution capacity in the Asia Pacific region, resulting in an increased demand for electric insulators.
Report Overview:
The report for Global Electric Insulator Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Content:
1. EXECUTIVE SUMMARY
2. SCOPE OF THE REPORT
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.2.1. DEFINITION
2.2.2. RESEARCH OBJECTIVE
2.2.3. ASSUMPTIONS
2.2.4. LIMITATIONS
2.3. RESEARCH PROCESS
2.3.1. PRIMARY RESEARCH
2.3.2. SECONDARY RESEARCH
2.4. MARKET SIZE ESTIMATION
2.5. FORECAST MODEL
3. MARKET LANDSCAPE
3.1. PORTER’S FIVE FORCES ANALYSIS
3.1.1. THREAT OF NEW ENTRANTS
3.1.2. BARGAINING POWER OF BUYERS
3.1.3. THREAT OF SUBSTITUTES
3.1.4. SEGMENT RIVALRY
3.1.5. BARGAINING POWER OF BUYERS
3.2. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4. MARKET DYNAMICS
4.1. INTRODUCTION
4.2. MARKET DRIVERS
4.3. MARKET RESTRAINTS
4.4. MARKET OPPORTUNITIES
4.5. MARKET TRENDS
5. GLOBAL ELECTRIC INSULATOR MARKET, BY TYPE
5.1. INTRODUCTION
5.2. CERAMIC
5.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
5.3. COMPOSITE
5.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
5.4. GLASS
5.4.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.4.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
6. GLOBAL ELECTRIC INSULATOR MARKET, BY VOLTAGE
6.1. INTRODUCTION
6.2. LOW
6.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
6.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
6.3. MEDIUM
6.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
6.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
6.4. HIGH
6.4.1. MARKET ESTIMATES & FORECAST, 2018–2023
6.4.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
7. GLOBAL ELECTRIC INSULATOR MARKET, BY APPLICATION
7.1. INTRODUCTION
7.2. CABLE
7.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
7.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
7.3. TRANSFORMER
7.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
7.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
7.4. SWITCHGEAR
7.4.1. MARKET ESTIMATES & FORECAST, 2018–2023
7.4.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
7.5. BUSBAR
7.5.1. MARKET ESTIMATES & FORECAST, 2018–2023
7.5.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
7.6. OTHERS
7.6.1. MARKET ESTIMATES & FORECAST, 2018–2023
7.6.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
8. GLOBAL ELECTRIC INSULATOR MARKET, BY END-USER
8.1. INTRODUCTION
8.2. UTILITIES
8.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
8.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
8.3. INDUSTRIES
8.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
8.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
8.4. OTHERS
8.4.1. MARKET ESTIMATES & FORECAST, 2018–2023
8.4.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
Continued…
For more Electric Insulator market News Visit: https://www.reuters.com/brandfeatures/venture-capital/article?id=100027
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