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Asia Pacific Electric Insulators Market Trends

  • Report ID: GMI8615
  • Published Date: Mar 2024
  • Report Format: PDF

Asia Pacific Electric Insulators Market Trends

The electric insulators market for Asia Pacific have witnessed significant growth owing to increasing adoption of smart grid technology, rapidly growing population, expansion of T&D networks, and rising demand for reliable electricity across emerging nations. Introduction of favorable policies by the governments for the expansion of power generation capacities together with accelerated investments for the development of grid networks in remote regions, will boost the industry's expansion. Moreover, growing focus on to cater to the rising electricity demand is proliferating the need of advanced insulators to minimize power losses and improve the reliability of power supply further augmenting the industry landscape.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Asia Pacific market for electric insulators was reached USD 2.7 billion in 2023 and is set to grow at 6% CAGR from 2024 to 2032, due to the increasing demand for electricity, rising investments in electrical infrastructure, and the accelerated adoption of smart grid networks.

Asia Pacific composite electric insulator market is anticipated to surpass USD 2 billion by 2032, owing to their superior performance, light weight and ease of installation.

China electric insulators market is anticipated to cross USD 1.4 billion by 2032, driven by an increasing investment in power infrastructure, growing demand for electricity and the shifting focus on renewable energy.

Aditya Birla Insulators, Adpro Pvt. Ltd., Asian Insulators Public Company Limited, CYG Insulator Co., Ltd., Deccan Enterprises Private Limited, GE, Hitachi Energy Ltd., Modern Insulators Ltd., and NGK Insulators, Ltd. are few electric insulator firms in APAC.

Asia Pacific Electric Insulators Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 348
  • Countries covered: 5
  • Pages: 260
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