U.S. Composite Insulators Market Anticipated to Expand over 6% by 2024
The U.S. composite insulators market is anticipated to grow over 6% by 2024. Enhanced efforts by regulatory authorities for the rehabilitation and development of electric grid will boost the industry growth. Spending proposals and investments to strengthen the grid system will further propel the industry growth. According to the World Energy Outlook, the total transmission investments in the U.S. for the replacement of old transmission lines have increased from USD 3.1 billion in 2015 to USD 3.7 billion by 2017.
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