Asia Pacific Electric Insulators Market Size, Share, Industry Analysis, Growth and Forecast By 2020 to 2026
Category: #energy-and-environment  By Ronak Bora  Date: 2021-05-31
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Asia Pacific Electric Insulators Market Size, Share, Industry Analysis, Growth and Forecast By 2020 to 2026

The Asia Pacific electric insulators market size is expected to progress rapidly in the forthcoming times, Driven by the initiatives of the government toward complete electrification of underdeveloped and rural regions. According to the International Energy Agency, by 2030, the countries in Southeast Asia are set to achieve universal access to electricity. There is an increased demand from a spiraling number of new consumers switching from solid biomass to modern power generation systems and renewable energy sources.

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The construction of smart power grids through refurbishment projects and the adoption of IoT (Internet of Things) technology have been two prominent trends across the region.

The following four factors have been fostering the APAC electric insulators market outlook:

Residential insulators to register substantial growth rate

The sky-rocketing need for power across the residential sector has been defining the APAC electric insulators market trends lately. The surging degree of urbanization across the towns and cities in the region will be responsible for the generation of high demand for renewable energy sources from households in APAC.

The segment is witnessing growth on account of the rising inclination to adopt clean energy in the mobility as well as power generation sectors. With numerous microgrids emerging across the region, integration of renewable energy is more feasible. Due to the changing power generation landscape, the Asia Pacific electric insulators market trends appear to favor expansion through 2026.

Demand for porcelain insulators to shoot up

In terms of material used, the Asia Pacific electric insulators market forecast has been segmented into glass, ceramic or porcelain, and composite. Of these, the porcelain/ ceramic segment has been expanding at a commendable pace in the past few years.

The marked segmental growth can be ascribed to the rising volume of investments for improving the power transmission capabilities, coupled with the advantageous properties of the material. Porcelain insulators exhibit significant stress resistance along with maximum mechanical strength. Due to these features of the product, they ensure optimal reliability during high temperature operations, which is responsible for the increasing number of installations across the region.

Transformers segment to gain momentum

The increasing volume of losses incurred on account of the rising number of power thefts in the region has been pushing the demand for efficient transformers that can minimize such incidents. Real-time monitoring of power networks and power systems is a solution that several regions have been embracing. The emergence of advanced transformers that are based on IoT platform has been enabling smooth monitoring of power grids, fostering the advancement of the APAC electric insulators market size.

Upcoming electrification of Indian Railways 

Supported by the ongoing electrification schemes and plans of the government of India, the regional market is set to expand at a high CAGR through 2026. For instance, the by 2022, the Union cabinet of India issued an approval for complete electrification of Indian Railways within the next four years, with a view to prevent reliance on fossil fuels and cut down on associated costs. Being one of the largest networks of rails on a global scale, the project aims to cover 13,675 kilometers of tracks.

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Krempel, TE connectivity, NGK Insulators Ltd, Olectra Greentech, Toshiba, BHEL, Deccan Enterprises, ABB, Lapp Insulators, Modern Insulators, and Aditya Birla Nevo are some leading manufacturers and suppliers of electric insulators in Asia Pacific.

Table of Contents (ToC) of the report:

Chapter 1.  Methodology and Scope

1.1. Methodology

1.2. Market definitions

1.3. Market estimates and forecast parameters

1.4. Data sources

1.4.1.  Primary

1.4.2.  Secondary

Chapter 2.  Executive Summary

2.1.   Asia Pacific electric insulators market 3600 synopsis, 2015 – 2026

Chapter 3.  Asia Pacific Electric Insulator Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026 (USD Million)

3.3. Industry ecosystem analysis

3.3.1.  Vendor matrix

3.4. Innovation & technology landscape

3.5. Comparative analysis

3.6. Price trend analysis, by voltage

3.7. Price trend analysis, by product

3.8. Import/export analysis

3.9. Regulatory landscape

3.10. Industry impact forces

3.10.1.            Growth drivers

3.10.2.            Industry pitfalls & challenges

3.11. Porter's analysis

3.12. Growth potential analysis

3.13. Competitive landscape, 2019

3.13.1.            Strategy dashboard

3.14. PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1258/apac-electric-insulators-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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