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The electric insulator market size is forecast to increase by USD 4.04 billion, at a CAGR of 5.48% between 2023 and 2028. The growth rate of the market depends on several factors such as increasing global demand for power, global generating capacity expansion in renewable power generation and modernization of existing transformers. Our market report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
In APAC, rapid urbanization and improving living standards are boosting electricity consumption, with several power utilities in major countries like China and India now operated by private players to ensure efficient production and distribution; key offerings include ABB Ltd.'s IN040 electric insulator under the Furse brand for earthing and lightning applications, and General Electric Co.'s solid core post insulators used in power plants, transmission substations, distribution substations, and high-voltage power equipment through its subsidiary GE Grid Solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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