Composite Insulators Market Current Growth Rate Analysis of Lapp Insulators, Deccan Enterprises, Olectra Greentech, Seves Group, TE Connectivity
The composite insulators market in the U.S. will witness growth of over 6% by 2024. Significant investments toward grid modernization activities complemented by stringent regulatory measures to replace the old transmission lines will propel the industry growth. The World Energy Outlook announced that the overall investment in the U.S., for replacement of outdated transmission networks grew to USD 3.7 billion in 2017 from USD 3.1 billion in 2015.
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