United States Electric Insulator Market Share, Trends, and Forecast Report 2022-2027

According to IMARC Group's latest research report, titled "United States Electric Insulator Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights into the market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The United States electric insulator market size reached US$ 2,893.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 4,011.7 Million by 2027, exhibiting a growth rate (CAGR) of 5.5% during 2022-2027.

United States Electric Insulator Market Outlook:

An electric insulator is a material with high resistivity and low electrical conductivity used to stop the flow of electrical current. It is also used in electrical circuits, which lowers damage to properties and lives in case of mishaps. Ceramic, glass, wood, silk, paper, wood, rubber, and plastic are some of the most commonly used electric insulating material. They are useful for coating wires and distributing electric networks and act as dielectrics in capacitors.

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United States Electric Insulator Market Growth:

The United States electric insulator market is primarily driven by the growing awareness and the increasing international pressure to lower greenhouse gas emissions, which have resulted in the shift toward the adoption of renewable energy sources. The rising investments to refurbish the aging grid infrastructure has prompted the country to upgrade the network, which is expected to create a positive outlook for the market. For instance, American Electric Power, a US retail energy provider, has invested approximately US$ 9 Billion between the 2017-2019 in-state transmission system to modernize the design standards for improving efficiency and strengthening grid infrastructure. Furthermore, the growth in electricity transmission and distribution (T&D) networks is also catalyzing the growth of the market.

Key Market Segmentation:

Breakup by Material:

• Ceramic/Porcelain
• Glass
• Composites
• Others

Breakup by Voltage:

• Low
• Medium
• High

Breakup by Category:

• Bushings
• Other Insulators

Breakup by Installation:

• Distribution Networks
• Transmission Lines
• Substations
• Railways
• Others

Breakup by Product:

• Pin Insulator
• Suspension Insulator
• Shackle Insulator
• Others

Breakup by Rating:

• <11 kV
• 11 kV
• 22 kV
• 33 kV
• 72.5 kV
• 145 kV
• Others

Breakup by Application:

• Transformer
• Cable
• Switchgear
• Busbar
• Surge Protection Device
• Others

Breakup by End Use Industry:

• Utilities
• Industries
• Others

Breakup by Region:

• Northeast
• Midwest
• South
• West

Key Highlights of the Report:

• Market Performance 
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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