Global Electric Insulators Market By Type (Ceramic Insulator, Composite Insulator and Glass Insulator), By Voltage (Low, Medium and High), By Category (Bushings and Others), By Product (Pin Insulator, Suspension Insulator, Shackle Insulator and Others), By Application (Transformer, Cable, Surge Protection Device, Busbar and Others), By End User (Utilities, Industries and Others), By Region, Compet

The global electric insulators market is poised to grow at a significant rate during the forecast period owing to increasing investments in transmission & distribution networks and growing adoption of renewable energy sources around the world. Growing investment towards refurbishment of aging grid infrastructure is also supporting the demand for electric insulators. Moreover, high investments in smart grid projects for long-distance transmission would further drive the growth of electric insulators market across the globe by 2027.

Global electric insulators market can be segmented based on

Based on region, Asia Pacific is expected to dominate the global electric insulators market by 2027 owing to the rapid industrialization and rising demand for uninterrupted power supply. Countries like China, India and Japan are undergoing rapid expansion of transmission and distribution (T&D) infrastructure which is supporting the growth of electric insulators market.

Major companies operating in the global electric insulators market include Siemens AG, NGK Insulators Ltd, ABB Ltd., Aditya Birla Nuvo Ltd, General Electric Company, Bharat Heavy Electricals Limited, Lapp Insulators GmbH, Hubbell Inc., TE Connectivity and Toshiba Corporation, among others. Leading companies are investing in latest technology to launch innovative products in order to meet the rising power demand around the world. Companies are also undergoing partnerships and agreements to increase their global reach.

Objective of the Study

• To analyse and forecast the market size of global electric insulators market.
• To forecast global electric insulators market based on type, voltage, category, product, application, end user, company and regional distribution.
• To identify drivers and challenges for global electric insulators market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global electric insulators market.
• To identify and analyse the profile of leading players operating in the global electric insulators market.

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of electric insulator manufacturing companies across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the companies which could not be identified due to the limitations of secondary research.

Market insights research calculated global electric insulators market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by Market insights research.

Key Target Audience

• Electric insulator manufacturing companies/partners
• Suppliers/Distributers
• End-Users
• Government bodies such as regulating authorities and policy makers
• Organizations, industry associations, forums and alliances related to electric insulators market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as electric insulator manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.