According to the latest report by IMARC Group, titled “Electric Insulator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global electric insulator market size reached US$ 10.2 Billion in 2018. Electric insulators are materials that demonstrate poor electrical conductivity owing to the lack of free-flowing electric charge. They exhibit high resistivity and assist in concentrating the flow of electric current as well as preventing it from flowing where it is not required. Some of the popularly known electric insulators include air, glass, ceramic, composite materials, rubber, plastic, wood, silk and paper. For instance, copper conductors, which are employed in the electrical wiring of homes and industrial plants, are generally insulated from each other using rubber or plastics. Similarly, overhead power lines are insulated by utilizing porcelain insulators.
Buy full report with table of contents: https://www.imarcgroup.com/electric-insulator-market
Global Electric Insulator Market Trends:
As electric insulators protect against the hazardous impact of electricity, they are extensively used in electricity transmission and distribution (T&D) networks as a safety device. This can also be attributed to the advantages offered by electric insulators, which include low thermal expansion and high dielectric strength. Apart from this, numerous developed countries are currently investing in the refurbishment of aging grid technology and establishing sustainable electrical networks for distributing electricity that is generated through renewable sources. On the other hand, governments in several developing economies are introducing smart grid vision and green energy corridors to construct a reliable and efficient grid infrastructure and ensure that electricity reaches in every state. Looking forward, the market value is projected to reach US$ 13.7 Billion by 2024, expanding at a CAGR of around 5% during 2019-2024.
Request for a free sample copy of this report: https://www.imarcgroup.com/electric-insulator-market/requestsample
Key Market Segmentation:
Browse More Research Reports By IMARC Group in Energy & Mining Industry:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Richard LewisEmail: Send EmailPhone: 6317911145Address:30 N Gould St, Ste R City: SheridanState: WyomingCountry: United StatesWebsite: https://www.imarcgroup.com/