ReportsnReports has announced a new market research report titled “Global Electric Insulator Market 2016-2020“.
According to the report, global electric insulator market is forecast to grow at a CAGR of 6.23% during the period 2016-2020.
The market is projected to witness steady growth during the forecast period, and the prospects for its growth will be enhanced by its rising applicability for power generation and in T&D equipment such as transformers, substations, and switchgear.
The high demand for bushings from the transformer and switchgear industry is a major factor that will result in this market’s steady CAGR of more than 6% until 2020.
The market is characterized by the presence of intense competition among the top players.
The key market players profiled in the report are ABB, Aditya Birla Nuvo, NGK Insulators, Siemens, Toshiba, BHEL, Krempel, Maclean-Fogg, PFISTERER, Seves, and WT Henley.