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Production of Insulators (HT & LT) Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities
Thursday, June 29, 2017
An electrical insulator is a material whose internal electric charges do not flow freely; very little electric current will flow through it under the influence of an electric field. This contrasts with other materials, semiconductors and conductors, which conduct electric current more easily. The property that distinguishes an insulator is its resistivity; insulators have higher resistivity than semiconductors or conductors.
Insulators are used in electrical equipment to support and separate electrical conductors without allowing current through themselves. An insulating material used in bulk to wrap electrical cables or other equipment is called insulation. The term insulator is also used more specifically to refer to insulating supports used to attach electric power distribution or transmission lines to utility poles and transmission towers. They support the weight of the suspended wires without allowing the current to flow through the tower to ground.
Few Indian Major Players are as under:
· Aditya Birla Insulators
· Spark Insulators Pvt Ltd
· Prime Insulators Pvt. Ltd
· Cji Porcelain Pvt Ltd
· Shreeji Power & Insulators Pvt. Ltd
Market Outlook
World is experiencing a tremendous expansion of industrial and real estate sectors and accompanied by a massive increase in the need for electric power energy due to the essential role of the electric power in the development and growth in all areas of life. This huge demand of the electrical power bodes market demand for large investments in the field of electric power and its support services industry. Global demand for insulation is expected to rise 3.7 percent per year to 26.0 billion square meters of R-1 value in 2020. Developing countries are expected to account for the majority of insulation demand gains, with rising building construction activity and industrial output driving growth.
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.
Global electrical insulation materials market is expected to witness a steady growth over the coming year from 2017 to 2026 as the demand for electrical insulation materials is expected to be driven primarily by the growth in demand from construction industry.
The global insulation market size was USD 44.46 billion in 2015 and is anticipated to grow at CAGR of 8.5% from 2016 to 2024. Growing consumer awareness regarding energy conservation is expected to remain a key driving factor for global insulation market.
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