Lewes, DE -- (SBWIRE) -- 02/18/2016 -- Report forecast the global electric insulator market to grow at a CAGR of 6.23% during the period 2016-2020.

Electric insulators are essential components of transmission and distribution (T&D) lines. They play a crucial role in preventing the flow of electric current down to the earth through supporting points between the transmission line and tower. There are three types of electric insulators based on the materials used for their production - ceramic, glass, and composite.

Ceramic insulators have higher market penetration than other insulators. These insulators are generally used for high-voltage applications. Composite insulators are also gaining ground due to increased application in outdoor installations, predominantly by electric power utilities. They are lightweight and exhibit favorable features such as high mechanical strength and resistance power, consistent performance in harsh climatic conditions, and effective voltage endurance, compared to ceramic and glass electric insulators.

The report covers the present scenario and the growth prospects of the global electric insulator market for 2016-2020. To calculate the market size, the report considers the demand for electric insulators during the forecast period.

The market is divided into the following segments based on geography:
- APAC
- Americas
- EMEA

According to the report, the development and expansion of T&D networks worldwide have a positive impact on the growth of the global electric insulator market. Owing to rising demand for electricity, governments of various countries such as Germany, China, and India are directing their initiatives to build a strong power infrastructure. These initiatives will fuel the enhancement of power generation and T&D infrastructure and facilitate market growth.

Further, the report states that availability of the raw materials play a crucial role in the production of insulators, and has a direct impact on market growth.

Global Electric Insulator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Electric Insulator Market: ABB, Aditya Birla Nuvo, NGK Insulators, Siemens and Toshiba.

Other Prominent Vendors in the market are: BHEL, Krempel, Maclean-Fogg, PFISTERER, Seves and WT Henley.

Market driver
- Growth in T&D sector
- For a full, detailed list, view our report

Market challenge
- Fluctuation in raw material availability
- For a full, detailed list, view our report

Market trend
- Growth in smart grid market
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 55 pages and 23 Exhibit "Global Electric Insulator Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-electric-insulator-market-2016-2020

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