Global Insulator Market - Competitive Analysis

Global Insulator Market appears to be highly fragmented and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Insulator manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Insulator for every application.

Global Insulator Market – Overview

Insulators are essential components of transmission and distribution (T&D) lines. It play a vital role in preventing the flow of electric current down to the earth through supporting points between the transmission line and tower.

According to a recent study report published by the Market Research Future, The global market of direct drive wind turbine is booming and expected to gain prominence over the forecast period. The Global Insulator Market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping CAGR of 6% during the estimated period (2017 – 2023).

Presently, increasing need of electricity, and subsequent investment in transmission & distribution network are ultimately boost the Insulator Market. Growing investments toward upgradation of existing grid networks in developed nations as well as growing adoption of smart grid technology will also drive the market. However, fluctuating cost of raw material may hinder the market growth of the market.

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Industry News

EnPro Industries, Inc. has signed an agreement to acquire the business of Pipeline Seal and Insulator, Inc. and its affiliates (PSI), a privately-owned group of companies that manufacture products which ensure the safe flow of fluids through pipeline transmission and distribution systems, worldwide.

Triton completes acquisition of Seves S.p.A., a manufacturer of high voltage electrical insulators.

LAPP Insulators, one of the world's leading manufacturers of high-voltage electrical insulators, has been acquired by a PFISTERER Group, a German energy products firm.

Insulator Market - Segmentation

Global Insulator Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.

Based on Type, the market has been segmented into Ceramic, Glass and Composite. Composite insulators segment is expected to be fastest growing type during the forecast period. They are lightweight and exhibit good features such as high mechanical strength and resistance power, consistent performance in tough climatic conditions, and effective voltage endurance, compared to ceramic and glass electric insulators.

On the Basis of Voltage, the market has been segmented into High, Medium, and Low. High voltage segment dominates the capacity segment of global Insulator market. Factors like the T&D infrastructure upgrade, rising power generation capacity, and increased use of renewable sources to generate electricity will contribute to the growth of this industry segment in the coming years.

On the Basis of Application, the market has been segmented into Cables & Transmission lines, Transformers, Switchgears, Busbars, Surge Protection Services and others. Transformer is expected to grow at significant pace due to growing energy demand along with favourable inclination toward the expansion of cross border transmission network.

Based on Users, the market has been segmented into Utilities, Industries, and Others. Utility segment dominates the capacity segment of global Insulator market.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Global Insulator Market - Regional Analysis

Asia Pacific region dominates the Insulator market and is expected to grow at the fastest pace during the forecast period. The demand of Insulator market in Asia Pacific region is driven by the factors like high growth in industrial development, and construction & infrastructure activities. In Asia Pacific region, China, India, Malaysia, and Indonesia are key contributor for Insulator. In 2016, State Grid Corporation of China decided to invest 28% more to expand its power transmission network over the next five years.

Europe & North America is also the major market for the Insulator. Increasing renovation of ageing infrastructure is expected to drive growth of the market in European and North American region. Expansion of transmission and distribution network as well as adoption of smart grid technology are also the major factors contributing to the growth of the market. Huge investments in T&D infrastructure by Saudi Arabia and others countries are projected to drive the market in the Middle East.

Key Players:

The key players of Global Insulator Market are

General Electric (U.S.)
Siemens AG (Germany)
Alstom S.A (France)
Aditya Birla Nuvo Ltd. (India)
Bharat Heavy Electricals Limited. (India)
Toshiba Corporation (Japan)
Hubbell Incorporated (U.S)
Seves Group (Italy)
Dalian Yilian Technology Co. Ltd. (China)
ELANTAS GmbH (Germany)

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Insulator Market - Table of Contents

1 Executive Summary

2 Research Methodology

Scope of the Study
Research Process
Market Size Estimation
Forecast Model

3 Market Dynamics

Market Drivers
Market Inhibitors
Supply/Value Chain Analysis
Porter’s Five Forces Analysis

4 Global Insulator Market, By Type

5 Global Insulator Market, By Voltage

To be Continue....,