Electric Insulators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
One of the most important functions of insulators is to provide protection from hazardous effects of electricity. This makes them particularly useful in electricity transmission and distribution (T&D) networks. Rise in investments in T&D networks is an important driver of the global electric insulators market. Developed countries of North America and Europe are in the process of upgrading their networks and building new networks to carry electricity generated from renewable sources. On the other hand, developing countries such as India and China are in the process of expanding their networks to ensure that electricity reaches every corner of their area. These investments are expected to propel the global electric insulators market during the forecast period.