Albany, NY -- (SBWIRE) -- 02/15/2016 -- Electric insulators are essential components of transmission and distribution (T&D) lines. They play a crucial role in preventing the flow of electric current down to the earth through supporting points between the transmission line and tower. There are three types of electric insulators based on the materials used for their production ceramic, glass, and composite. The global electric insulator market to grow at a CAGR of 6.23% during the period 2016-2020.

Ceramic insulators have higher market penetration than other insulators. These insulators are generally used for high-voltage applications. Composite insulators are also gaining ground due to increased application in outdoor installations, predominantly by electric power utilities. They are lightweight and exhibit favorable features such as high mechanical strength and resistance power, consistent performance in harsh climatic conditions, and effective voltage endurance, compared to ceramic and glass electric insulators.

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The report covers the present scenario and the growth prospects of the global electric insulator market for 2016-2020. To calculate the market size, the report considers the demand for electric insulators during the forecast period.

The market is divided into the following segments based on geography:
- APAC
- Americas
- EMEA

Technavio's report, Global Electric Insulator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ABB
- Aditya Birla Nuvo
- NGK Insulators
- Siemens
- Toshiba

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Market driver
- Growth in T&D sector
- For a full, detailed list, view our report

Market challenge
- Fluctuation in raw material availability
- For a full, detailed list, view our report

Market trend
- Growth in smart grid market
- For a full, detailed list, view our report

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Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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