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Electric Insulator Market Trends, Global Analysis with Focus on Opportunities, Growth Potential & Forecast 2027

  As per Market Research Future (MRFR), the global   electric insulator market   is projected to grow at 5.88% CAGR from 2018 to 2023 (forecast period). The report illustrates and discusses the influence of the outbreak of COVID-19 on the global electric insulator market, including future opportunities and challenges, drivers, and risks. The electric insulator is a type of material that resists the flow of electric current. It is commonly used in all electric devices in transmission and distribution lines. There are primarily three types of electric insulators, such as pin insulators, suspension and shackle, among others. With growing investment in transmission and distribution networks, there is a strong demand for electric insulators in the power industry. As per the OECD, the cumulative investment in the power sector from 2017 to 2040 will amount to approximately USD 5.9 trillion for transmission and USD 2.1 trillion for distribution networks. The demand for electric i...
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Electric Insulator Market 2021: Business Opportunities, Company Profiles

  Market Analysis  As per the analysis by Market Research Future Reports (MRFR), the global  electric insulator market  is estimated to expand at a CAGR of 5.88% during the review period. The rising initiatives taken by the government towards clean energy economy and renewable power integration have played a major role in driving investments in power transmission and distribution infrastructure. These factors will escalate the expansion of the electric insulator market 2020. Due to the fast urbanization in the developing economies, the market is likely to expand at a significant speed. The rising investments in the power grid infrastructure have also propelled the electric insulator market at a global level. The market is estimated to expand considerably during the forecast period due to the increasing adoption of renewable energy resources. Countries across the world are inclining towards the usage of renewable energy. Besides, the increasing investment in the refur...
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