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Electric Insulator Market worth $8.95 Billion by 2019
The report “Electric Insulators Market by Application (Cables & Transmission Lines, Transformers, Switchgears, Bus Bar, Surge Protection Devices, & Others), Type (Ceramic, Glass, and Composite), End-User, by Category, Voltage & by Region- Trends and Forecast to 2019’’ defines and segments the electric insulator market with analysis and forecasting of the global T&D network revenue and applications. It also identifies driving and restraining factors for the electric insulator services market with an analysis of trends, opportunities, burning issues, and winning imperatives.
Browse 86 market data tables and 48 figures spread through 158 pages and in-depth TOC on “Electric Insulators Market by Application (Cables & Transmission Lines, Transformers, Switchgears, Bus Bar, Surge Protection Devices, & Others), Type (Ceramic, Glass, and Composite), End-User, Category, Voltage & by Region- Trends and Forecast to 2019"
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The market is segmented and revenues are forecasted on the basis of regions, such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Electric insulator market is projected to reach $8.95 Billion by 2019 at a CAGR of approximately 6.4% from 2014 to 2019.
The key countries are covered and forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of major categories, types, applications, end users, and voltages.
Asia-Pacific- Electric insulator market size in terms of revenue is expected to occupy the largest market share in the next five years
Asia-Pacific is the largest market for electric insulators. The region which did fairly well in the last 10 years, accounted for approximately 34% of the total market in 2013. The growth rate is also comparatively high for Asia-Pacific which can be attributed to the continued investments in the T&D network expansion within the region.
Ceramic Insulators– Major type for the electric insulator market
Electric insulator based types are categorized into three primary segments: ceramic, glass, and composite insulators. The major market is captured by ceramic type insulators which involve the use of the ceramic made insulators. On the other hand, composite insulators demonstrate the higher growth rate in the electric insulator market. The key driver for the market is the increasing energy demand resulting in the increase in T&D installed line length.
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