Rising demand for energy has led to increased need for stable and reliable energy network and increased investments due to launch of smart grid projects drive the growth of the global electric insulator market. Advanced technology with smart devices in circuits enables remote monitoring of normal operations. Increased smart city or smart grid projects have been a great opportunity for service providers across the globe. Increase in smart city project is expected to escalate the demand for electric insulator as it increases the demand for smart grids in smart cities.
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North America and Europe are in the middle of the process of expansion of the market. Asia-Pacific is considered to be the fastest-growing market in this sector due to increased industrialization and urbanization. China is having the largest market share, due to high investments and good distribution network lead by high demand for electric insulators.
Prominent market players analyzed include ABB, Siemens, Hubbell, Toshiba, General Electric, NGK Insulators, Bharat Heavy Electricals Limited, LAPP Insulators, Seves Group, Maclean-Fogg, Aditya Birla, Elsewedy Electric, Gipro, Southwire Company, Goldstone Infratech Limited, Nanjing Electric, T E Connectivity, INAEL Electrical System, Zhengzhou Orient Power Co. Ltd., DuPont, K-line Insulator Limited, and PPC Austria Holding GmbH.
Key benefits of the report:
This study presents the analytical depiction of the global electric insulator market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electric insulator market share.
The current market is quantitatively analyzed from 2022 to 2029 to highlight the global electric insulator market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
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Key segments covered:
By Type
Ceramic
Glass
Composite
Others
By Voltage
Low
High
Medium
By Application
Cables
Surge Protection Devices
Switchgear
Transformer
Others
By Installation
Distribution
Transmission
Substation
Railways
Others
By Industry Vertical
Utilities
Industries
Others
COVID-19 scenario analysis:
The global scenario has drastically changed as the COVID-19 pandemic has put the world on a standstill position.
Attributed to the economic slowdown across the world, demand for every product has been undergoing downtrend, followed by increase in prices due to lack of supply.
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