Aging equipment, increased demand and capacity bottlenecks, along with growing emphasis toward capacity addition of power generation will augment the industry growth

Sellbyville, DE -- (SBWire) -- 10/17/2018 --Rising investment toward upgradation of aging infrastructure to establish sustainable electrical network will boost the electric insulators market. Rising public and private investments to avail uninterrupted power supply will further enhance the business landscape. In 2017, the Asian Development Bank (ADB) declared an investment of USD 6.5 million toward the development of electrical infrastructure in Southeast Asia.

UK market will exceed an annual installation of 5 million units by 2024. Increasing demand for smart grid structure along with stringent energy-efficiency protocols will stimulate the industry landscape. Channelized investment by regulators to support the electricity generation and distribution will further enhance the business outlook.

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Rural electrification measures across the emerging markets coupled with the increasing demand for safe and reliable power will drive the global market growth. Rigorous R&D investments favored by adoption of economies of scale by leading product manufacturers will further thrust the industry growth.

Porcelain electric insulators market will witness growth on account of its technical maturity and industry dominance. Ability to perform in rugged environments with minimal leakage and corrosion while sustaining temperature changes are some of the imperative parameters that will fuel the adoption of these insulators.

Rising demand for electricity along with the increasing establishment of electric networks across commercial & industrial establishments will augment the market. Government programs pertaining to modernization of power grid, including grid energy storage and smart grid development will further fuel the business growth.

China market is projected to expand over 5% by 2024. Ongoing investments in the utility & industrial-based electrification systems and extensive government support for the grid refurbishment projects will drive the industry landscape. Shifting trends toward the expansion of overhead electric lines along with focus toward the development of energy-optimized products will boost the product penetration.

Medium voltage electric insulators market is anticipated to witness appreciable growth owing to their wide applications in residential and commercial establishments. Favorable power distribution reforms toward expansion of distribution networks coupled with increasing commercialization will further enhance the industry landscape.

Railways electric insulator market will grow owing to the rising demand for efficient network of transport infrastructure. Massive investments by government authorities for the expansion of grid networks for the development of optimized and well enhanced electric infrastructure will enhance the business outlook. Development of high-strength, lightweight, and vandal-resistant products to ensure the obstruction-free railway signals will further provide a stimulus to the industry growth.

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Rising demand across the primary and secondary transmission networks will augment the 145-kV electric insulator market. Ability to withstand mechanical load and operational safety are some of the key features that will support the product penetration.

Looking at these affluent trends of energy reforms and the smart grid network revolution, it is rather obvious for the competitive landscape of electric insulators industry to be dynamic. In the backdrop where product innovations and cost margins are referred to as the major success quotients for the electric insulators market players, industry analysts anticipate M&As and R&D investments to primarily characterize the strategic spectrum of this fraternity.

With reference to the aforementioned context, the latest scoop grabbing the headlines is the strategic partnership between a smart grid company Moixa and Japan's leading trading house ITOCHU Corporation.

Reportedly, under the deal, ITOCHU will invest £5 million in the firm to market Moixa's GridShare platform, which is designed to optimize home energy storage systems. The move, as speculated by industry analysts, will considerably impact the global portfolio of Moixa, which also revealed its plan to conduct more grid trials in the U.S. and Europe, this year.

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Some other renowned names constituting the electric insulators industry landscape include ABB, Lapp Insulators, General Electric, Maclean Fogg, NGK Insulators, Seves Group, Siemens, and Hubbell Incorporated. These participants are further anticipated to undertake similar growth tactics focusing on maintaining a balance between the product line and the global sustainability mix. All in all, with renewable energy sector yet to unfold massive opportunistic arenas in the coming timeframe, the growth prospect of electric insulators market is overt to be synonymously lucrative in the coming years. In fact, as claimed by Global Market Insights, Inc. global electric insulators industry share is projected to surpass a valuation of USD 6 billion by 2024.

Key industry players operating across the electric insulators industry include ABB, Siemens, Maclean Fogg, Elsewedy Electric, Lapp Insulators, TE Connectivity, Seves Group and NGK Insulators.