Electric Insulator Market

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Electric Insulator Market Trends, Statistics
Growth Forecast 2022- 2028
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Industry Overview

• The global electric insulators market is
  projected to proliferate at a significant rate
  through 2028 due to increasing product adoption
  in key regions across the globe. Additionally,
  notable infrastructural development of smart grid
  technology is likely to further support industry
  expansion over the forecast timeline.
• Recently, key industry players have been
  implementing profitable strategies to address the
  surging demand for low voltage power distribution
  across various countries. To cite an instance, in
  January 2020, Siemens Ltd., the Indian subsidiary
  of German energy giant Siemens AG, inked an
  agreement to acquire CS Electric Limited, an
  Indian manufacturer of electrical equipment, in
  line with its aim to address the growing need for
  electrification in infrastructure, industry, and
  buildings in the country.
• The electric insulators market has been segmented
  in terms of material, voltage, application,
  product, end-use, rating, installation, and
  region. With respect to material, the industry
  has been bifurcated into ceramic/porcelain,
  glass, and composite. The glass sub-segment is
  set to witness robust growth through 2028.
  Shifting focus of customers towards the adoption
  of smart grid technology is set to spur segmental
  expansion.

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• Based on voltage, the electric insulators market
  has been classified into high, medium, and low.
  The low sub-segment is poised to amass
  significant gains by 2028 owing to extensive
  research and development investment towards grid
  network modernization in response to soaring
  electricity consumption.
• From the application perspective, the industry
  has been divided into cables transmission
  lines, switchgears, transformers, and busbars.
  The switchgears sub-segment is foreseen to reach
  a sizable revenue by the end of the review period
  fueled by rising demand for energy-efficient
  transmission and distribution networks as well as
  increased investments for infrastructural
  development.
• The electric insulators industry share from the
  transformers sub-segment is slated to achieve a
  substantial valuation by 2028 on account of the
  continued expansion of TD infrastructure. The
  busbars sub-segment is likely to observe strong
  growth by 2028 driven by an upsurge in
  investments in the refurbishment and replacement
  of aging grid infrastructure.
• In terms of product, the electric insulators
  market has been bifurcated into pin insulator,
  suspension insulator, and shackle insulator.

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Electric Insulator Market

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