Global Electric Insulator Market 2016-2020
About Electric Insulator
Electric insulators are essential components of transmission and distribution (T&D) lines. They play a crucial role in preventing the flow of electric current down to the earth through supporting points between the transmission line and tower. There are three types of electric insulators based on the materials used for their production — ceramic, glass, and composite.
Ceramic insulators have higher market penetration than other insulators. These insulators are generally used for high-voltage applications. Composite insulators are also gaining ground due to increased application in outdoor installations, predominantly by electric power utilities. They are lightweight and exhibit favorable features such as high mechanical strength and resistance power, consistent performance in harsh climatic conditions, and effective voltage endurance, compared to ceramic and glass electric insulators.
Technavio’s analysts forecast the global electric insulator market to grow at a CAGR of 6.23% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric insulator market for 2016-2020. To calculate the market size, the report considers the demand for electric insulators during the forecast period.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electric Insulator Market 2016-2020Technavio recognizes the following companies as the key players in the Global Electric Insulator Market: ABB, Aditya Birla Nuvo, NGK Insulators, Siemens and Toshiba.Other Prominent Vendors in the market are: BHEL, Krempel, Maclean-Fogg, PFISTERER, Seves and WT Henley.Commenting on the report, an analyst from Technavio’s team said: “Smart grids play a significant role in catering to the rising power needs effectively, especially with regard to distribution of electricity. Smart grids enable the integration of distributed energy resources (DERs) such as renewable energy power sources. Conventional energy networks, particularly electricity, are undergoing many changes due to growing contribution from renewable sources and increased demand for electricity, owing to electrification of transport. Electric insulators are essentially deployed in the electrical systems of smart grids. Development in the global smart grid market facilitates more demand for electric insulators.”According to the report, the development and expansion of T&D networks worldwide have a positive impact on the growth of the global electric insulator market. Owing to rising demand for electricity, governments of various countries such as Germany, China, and India are directing their initiatives to build a strong power infrastructure. These initiatives will fuel the enhancement of power generation and T&D infrastructure and facilitate market growth.Further, the report states that availability of the raw materials play a crucial role in the production of insulators, and has a direct impact on market growth.
ABB, Aditya Birla Nuvo, NGK Insulators, Siemens, Toshiba, BHEL, Krempel, Maclean-Fogg, PFISTERER, Seves, WT Henley