cft
Become a CreatorSign inGet Started

Electric Insulator Market Future Analysis, Trends & Growth Forecast To 2028

The electric insulator market has recorded a significant growth from the bus bars segment over the past few years. The upsurge can be attributed to various product features comprising excellent electrical performance, corrosion resistance, high safety performance, and high strength.


user

Saif Bagwan

7 days ago | 3 min read
Follow

The global electric insulators market size is poised to expand at an unprecedented pace over 2022-2028.  In a bid to secure a strong competitive edge, several electric insulator market players are participating in trade fairs and conferences with their new solutions. One such instance is NGK Insulators, which announced plans to exhibit its products at CES 2022.

The company showcased its EnerCera battery. The solution contributed toward the realization of Society5.0 – which balances economic advancement with the resolution of social problems via the integration of physical space and cyberspace. Similar initiatives are expected to promote vital opportunities for business growth over the coming years.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1272

According to the latest report published by Global Market Insights Inc., electric insulator market size is slated to expand at an appreciable rate through 2028.

Some of the major factors that are likely to drive the global industry landscape have been enlisted below:

Increasing number of research studies to propel the industry expansion through 2028

Over the recent years, several organizations are engaging in research activities for enhancing the production techniques of different types of insulators. One such study was centered on the production of electric porcelain insulators deploying local raw materials from developing nations. The materials comprised kaolin, feldspar, and silica/quartz.

The results of the study depicted relatively acceptable porcelain insulator properties comprising high insulation resistance, porosity, low water absorption, bulk density, and dielectric strength. Furthermore, the paper demonstrated that the deployment of apt formulations and local raw materials could produce electric porcelain insulators that exhibit good properties.

Escalating demand for bus bars

The electric insulator market has recorded a significant growth from the bus bars segment over the past few years. The upsurge can be attributed to various product features comprising excellent electrical performance, corrosion resistance, high safety performance, and high strength.

In addition, the industry is expected to register a high demand for epoxy resin insulators. These are mainly used for protecting electric parts from short-circuiting, overloading, and accumulating dust and moisture. These aspects are anticipated to favor the demand for different types of electrical insulator materials across various regions.

Examining the competitive landscape: Increasing product development initiatives

Bharat Heavy Electricals, Siemens Energy, Saravana Global Energy, Hubbell, Olectra Greentech, Seves, Deccan Enterprises, NGK INSULATORS, GIPRO GmbH, GE, Elsewedy Electric, INCAP, Gamma Insulators, and others are some of the major players in the electric insulator industry. These companies are focused on the adoption of mergers, acquisitions, and product development initiatives for the consolidation of their industry foothold.

An instance of the same is the 3M silicon nitride electrical insulator. As claimed by the company, the product is suitable for jet engine igniters in end-user applications where aluminum oxide insulators cannot be deployed. An increase in such product developments is estimated to impel the business landscape across various regions.

Request for Customization @ https://www.gminsights.com/roc/1272  

On the basis of rating, the industry is set to register a surging demand for 1,200 kV electric insulators in the coming years. The market share from suspension insulators is poised to expand at a substantial rate of 6.7% through 2028.

Way ahead

On the whole, the industry is expected to record an increase in expenditure and investment across new power generation units. This is further set to be supplemented by an upsurge in the acceptance of enhanced technological solutions across energy generation facilities. These factors are expected to bolster electric insulator market share through the forthcoming years.

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Contact Us:

Aashit Tiwari

Corporate Sales, USA

Global Market Insights Inc.

Toll Free: 1-888-689-0688

USA: +1-302-846-7766



Upvote


user
Created by

Saif Bagwan

Follow

people
Post

Upvote

Downvote

Comment

Bookmark

Share


Related Articles