According to a recent study by Insight Partners, the electrical insulators market is expected to be valued at $15.39 billion by 2028.– Wannabe News

2022-07-15 19:09:22 By : Ms. Della Zheng

The increasing construction of railway lines and ports is driving the demand for electrical insulators used for electrification in railways and ports.For example, as of 2020 Statista data, Italy has a high-speed rail network of over 1,100 km, with a maximum length of 254 km connecting Florence and Rome.There are also several projects underway in Italy's railway sector.For example, in May 2021 a contract was awarded to the IRICAV DUE consortium and Rete Ferroviaria Italiana for the construction of the Verona-Padua high-speed rail.Similarly, in August 2020, a contract was signed with the IRICAV 2 consortium (Webuild Group) for the development of high-speed rail between Verona and Padua.Accordingly, the demand for electrical insulators is expected to increase with the expansion of ports and railways.Get Sample Copy of this Report at - https://www.theinsightpartners.com/sample/TIPRE00008820/According to the India Brand Equity Foundation website, it is estimated that by 2022, electricity consumption in India alone will reach 1,894.7 TWh.A growing population requires more electricity.Growing demand for electricity in residential, commercial and industrial sectors requires more transmission and distribution networks to power the world.For example, the Government of India (GOI) has allocated INR 111,000,000,000 (US$1.4 trillion) according to the National Infrastructure Pipeline for the 2019-2025 fiscal year.The energy sector is expected to account for 24% of capital expenditures during the 2019-2025 fiscal year.In addition, electricity's share of total energy demand is projected to more than double by 2050, driven by significant electrification of transport, buildings and manufacturing sectors.Therefore, the demand for electrical insulators is increasing as the demand for power increases and investment in transmission and distribution networks increases.Inquiry before purchase – https://www.theinsightpartners.com/inquiry/TIPRE00008820/Hitachi ABB Power Grid Group;Aditya Birla Insulator;General Electric Company;Hubbell Corporation;MacLean-Fog Company;NGK Insulators, Ltd.;PFISTERER Holding AG;SEVES group;Siemens AG;and TE Connectivity Ltd. are among the major players operating in the electrical insulator market.Buy a copy of the report at - https://www.theinsightpartners.com/buy/TIPRE00008820/Contact Us: If you have any questions about this report or require additional information, please contact:Contact Person: Sameer Joshi Email: sales@theinsightpartners.com Phone: +1-646-491-9876