Insulator Market Trends and Segmentation, Size, Global Leaders | Industry Expected To Grow at a CAGR of 6% y Forecast to 2023

Market Highlights

Insulators are widely accepted across the world in various industrial & commercial sector as a safety device owing to properties such as, they have very high resistivity, high dielectric strength, low thermal expansion and the tightly held valence electrons in the insulator material allows them to resist the electron flow through them. Also, compact design and low manufacturing cost makes it permeable for the installation in various utilities and industrial sector. The constant need for electricity and the worldwide growth in grid infrastructure, will aid in the growth of global insulator market over the forecast period. Fluctuation in material costs and R&D in modern insulator for new product development over conventional insulator, are expected to restrain the global Insulator market.

The Insulator Market is expected to grow at a CAGR of 6% during the forecast period.

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Key Players

• General Electric
• Siemens AG
• Alstom S.A
• Aditya Birla Nuvo Ltd.
• Bharat Heavy Electricals Limited.
• Toshiba Corporation
• Hubbell Incorporated

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  

Segments

The market has been analyzed based on product types, voltage, applications, end use and regions. On the basis of voltage type, the medium voltage segment is expected to dominate the market for insulators. The rise in the number of power plants, substations, industries and gird lines, that utilize medium voltage insulators lead to the growth of medium voltage insulator market

Industrial usage of insulators is expected to grow at the highest rate in the insulators market from 2018-2023.

The industrial usage of insulators currently holds a large share of total volume of insulator and is expected to dominate the market during forecast period. The increase in industrial development across the globe leading to the wide application of small and medium voltage insulators in industries for safe operations, will further enhance the industrial insulator market during the forecast period.

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.

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