Press release
Electric Insulator Market Projected to grow at 5.2% CAGR To 2031
The major companies profiled in this report include ABB Ltd., Siemens Energy, GE Grid Solutions, Hubbell Power Systems, NGK Insulators, Ltd., Aditya Birla Insulators, MacLean-Fogg Company, Elsewedy Electric, Seves Group, BHEL, TE Connectivity, Modern Insulators, Almatis GmbH, Hitachi Energy, Olectra Greentech, Zhengzhou Orient Power, and INCAP.
Click Here to Request PDF: https://www.alliedmarketresearch.com/request-sample/9654
Rapid industrialization, modernization, increase in the demand for portable electronic gadgets, and investment in the renewable energy have fueled the demand for electric Insulator.
Asia-Pacific had dominant position in 2021 as per electric insulator market analysis and would continue to maintain the lead over the forecast period.
Asia-Pacific accounts for the largest electric insulator market share, followed by North America and Europe.
The world electricity demand is expected to grow at 1.85% rate of CAGR and a total of more than 60 million kilometers of transmission & distribution lines are need to be added, refurbished, or replaced to meet the increasing demand.
The global power sector is expected to require about $16.4 trillion in investment during the next 30 years, with transmission & distribution infrastructure that representing the largest sub-sector share.
The industrial inclination toward the advancement of existing electrical infrastructure is projected to have positive influence on the electric insulator market growth.
Rise in global population, there has been an increase in the demand for efficient and continuous supply of power to meet the growing commercial and industrial needs.
Key applications in end use industries such as industrial power generation industries, electric insulators are expected to witness a steady flow of demand during the forecast period.
Buy This Report (467 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3IV34ZB
Electricity demand, opportunities to realize efficiency gains, and the potential to lower carbon emissions are some of the key factors that drive the massive global investment in the transmission of electricity infrastructure and electric insulator.
It prevents the passing of high voltage in an electric circuit and helps to reduce the cost of energy. It helps to save the environment and emission of pollutants, which enhances the process performances in electronic system. It protects from getting electric shocks or electrocution. The presence of these advantages is expected to drive the demand in the market.
By type, pin insulator segment accounted for the largest share in 2021.
By material type, composite segment accounted for the largest share in 2021.
By voltage, medium segment is projected as most lucrative segment.
By application, transformer segment is projected to create abundant revenue opportunity till 2030.
By end use, utilities segment is projected to grow at a CAGR of 4.1% by 2030.
An electrical insulator is used in an electrical system to prevent unwanted flow of current. The insulator plays a vital role in the electrical system. It is a very high resistive path through which practically no current can flow.
They are made up of materials such as ceramic, composite, glass, and other materials that are used for improving the quality of power and correcting the power factor.
COVID-19 analysis:
The novel coronavirus has affected several economies ad caused lockdown in many countries which has limited the growth of the electrical insulator market.
Browse Complete Report @ https://www.alliedmarketresearch.com/electric-insulator-market-A09289
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies.
Trending Reports in Energy and Power Industry:
Capacitor Bank Market
https://www.globenewswire.com/news-release/2023/11/06/2773995/0/en/Global-Capacitor-Bank-Market-to-Gather-6-0-Billion-by-2031-at-a-CAGR-of-4-3-Report-by-Allied-Market-Research.html
Electric Capacitor Market
https://www.globenewswire.com/news-release/2022/10/06/2529234/0/en/Electric-Capacitor-Market-to-Reach-30-4-Billion-by-2031-Allied-Market-Research.html
High Voltage Capacitor Market
https://www.globenewswire.com/news-release/2021/11/17/2336099/0/en/High-Voltage-Capacitor-Market-to-Reach-30-3-Billion-by-2030-Allied-Market-Research.html
Lead-Acid Battery Market
https://www.globenewswire.com/news-release/2024/04/08/2859084/0/en/Lead-Acid-Battery-Market-to-Reach-81-4-Billion-Globally-by-2032-at-4-6-CAGR-Allied-Market-Research.html
Lithium-ion Battery Market
https://www.globenewswire.com/news-release/2023/07/25/2710661/0/en/Lithium-Ion-Battery-Market-to-Reach-189-4-Billion-Globally-by-2032-at-15-2-CAGR-Allied-Market-Research.html
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int'l: +1-503-894-6022Toll Free: +1-800-792-5285Fax: +1-800-792-5285help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Insulator Market Projected to grow at 5.2% CAGR To 2031 here
News-ID: 3483970 • Views: …
More Releases from Allied Analytics LLP
Carbon Capture, Utilization, and Storage (CCUS) Market Projected to grow at 13.3 …
According to a new report published by Allied Market Research, the global carbon capture, utilization, and storage (CCUS) market was valued at $3 billion in 2022, and is estimated to reach $10.3 billion by 2032, growing at a CAGR of 13.3% from 2023 to 2032.
Carbon Capture, utilization, and storage (CCUS) is an emission reduction process, which is intended to prevent large amounts of carbon dioxide being released into the environment.…
Instrument Transformers Market Projected to grow at 6.1% CAGR To 2032
According to a new report published by Allied Market Research, the instrument transformers market size was valued at $9.6 billion in 2022, and is estimated to reach $17.2 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.
The major companies profiled in this report include ABB Ltd., General Electric, Schneider Electric, Siemens, CG Power and Industrial Solutions Ltd, Mitsubishi Electric Corporation, Instrument Transformer Equipment Corporation, Inc., Arteche,…
Floating Liquefied Natural Gas (FLNG) Market Projected to grow at 10.8% CAGR To …
According to a new report published by Allied Market Research, the Floating Liquefied Natural Gas (FLNG) Market size was valued at $19.2 billion in 2022, and is estimated to reach $51.6 billion by 2032, growing at a CAGR of 10.8% from 2023 to 2032.
The process of extracting, liquefying, storing, and discharging natural gas straight from offshore gas fields without the requirement for an onshore infrastructure is known as floating LNG.
Click…
What Will Submersible Pumps Market Look Like In The Future?
According to a new report published by Allied Market Research, the submersible pumps market size was valued at $12.7 billion in 2022, and is estimated to reach $24.4 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.
Submersible pumps are a type of pump designed to operate underwater, submerged in the fluid they are meant to pump. These pumps consist of a hermetically sealed motor and a…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
