According to the Graphical Research new growth forecast report titled “Asia Pacific Electric Insulators Market Value By End Use (Residential, Commercial & Industrial, Utilities), By Application (Cables and transmission lines, Switchgears, Transformers, Busbars, Others), By Product (Pin, Suspension, Shackle, Others), By Material (Ceramic/Porcelain, Glass, Composite), By Voltage (High, Medium, Low), By Rating (<11 kV, 11 kV, 22 kV, 33 kV, 72.5 kV, 145 kV, 220 kV, 400 kV, 800 kV, 1200 kV), By Installation (Distribution, Transmission, Substation, Railways, Others) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026”, Growth to Outpace by 2026.
Asia Pacific Electric Insulators Market value is set to witness substantial growth on account of rising measures to fulfil the electricity demand-supply gap coupled with increasing efforts for the establishment of new smart grid networks. Moreover, growing investments towards the upgradation of legacy grid infrastructure will further propel the industry outlook.
Growing initiatives toward development of smart supply networks by refurbishing conventional electrical systems will enhance the product installation over the forecast period. Increasing energy demand and growing concerns toward inefficient grid system will further stimulate business growth.
Asia Pacific electric insulators market share will witness significant growth in residential and commercial establishments on account of significantly growing population coupled with the rising electricity demand. Rapid urbanization in the developing countries will require efficient grid system, which will turn further augment the industry outlook.
Replacement of old grid systems to improve power transmission capability will drive the demand of ceramic electric insulators. In addition, optimum mechanical strength, significant stress resistance capability, and extreme temperature resistance properties will further stimulate the business growth in the forthcoming years.
High voltage insulator to witness strong growth on account of rising investments for the expansion of T&D infrastructure to support the growing capacity of renewable power. Government regulations and policies supporting the smart grid infrastructure development in developing countries to fulfil the soaring electricity demand will further complement the product demand.
Low voltage electric insulators market will witness substantial growth on account of flourishing real estate industry to suffice the growing urban population. Increasing micro grid establishments for renewable energy integration and ongoing transition toward clean energy sources will further propel the business growth over the forecast timeframe.
Growing emphasis on 100% electrification in rural or under-developed areas coupled with the increasing investments for the upgradation T&D infrastructure will favor the product adoption over the forecast period. For instance, government of India allocated a budget of USD 2.47 billion for 100% electrification of rural areas under the government scheme “Saubhagya” announced in union budget 2018-19.
Some major players operating across the market include NGK Insulators Ltd, ABB, Aditya Birla Nuvo, Toshiba, BHEL, Krempel, Olectra Greentech, TE connectivity, Olectra Greentech, Lapp Insulators, Dalian Yilian Technology Co Ltd, Deccan Enterprises, Zhejiang Zhongneng Electrical Co Ltd amongst others.
Asia Pacific Electric Insulators Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2020 to 2026, for the following segments:
Asia Pacific Electric Insulators Market Size, By End Use
- Commercial & Industrial
Asia Pacific Electric Insulators Market Share, By Application
- Cables and transmission lines
Asia Pacific Electric Insulators Market Value, By Product
Asia Pacific Electric Insulators Market Growth, By Material
Asia Pacific Electric Insulators Market Trends, By Voltage
Asia Pacific Electric Insulators Market Forecast, By Rating
- <11 kV
- 11 kV
- 22 kV
- 33 kV
- 72.5 kV
- 145 kV
- 220 kV
- 400 kV
- 800 kV
- 1200 kV
Asia Pacific Electric Insulators Market Forecast, By Installation