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The growing concern over rising global warming threatening the ecological system of the world and straining the demand for energy-efficient devices. Industries are consistently striving to increase the operational efficiency of the plant. Insulation is a significant part of many industrial application and helps to reduce thermal and power losses. Due to heat and power losses, an extra amount of fuel is being burned to reach the required operational efficiency.
Thus it is necessary to deploy the insulation system to arrest the heat and power losses. Insulation not only helps to reduce heat and power losses but also save important fossil fuel for the future generation. There are two types of insulation used in industry, i.e. thermal insulation and electrical insulation. Thermal insulation is mainly used in power generation plant, processing plant, HVAC system, and in many applications. In this, the heat flow is retarded between adjacent surfaces by the application of insulators.
Different types of material are used in thermal insulation such as fiberglass, mineral wool, cellulose, polyurethane foam, and polystyrene. Electrical insulator primarily used in transmission and distribution system of electricity to reduce the power losses. It helps to reduce the carbon footprint which anticipating its growth in the market. Moreover, insulator not only enhances the efficiency of the plant but also reduce energy demand.
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Industrial insulator market is classified into type, voltage, application, and end-user. Based on type, the market is further divided into a ceramic insulator, composite insulator, glass insulator, and others. Ceramic insulators are mainly used in automotive, marine transportation, aerospace, and electricity distribution.
Glass insulator has become popular in transmission and distribution system. Most of the low voltage insulator is made up of porcelain which used as electrical insulators. Thermal insulation is mainly concerned with refining, paper & pulp industry, oil & gas, etc. while electrical insulation used in utility, automotive and in many applications.
Massive industrialization and urbanization enormously increased the demand for electricity which in turn stressed the rapid development of transmission and distribution system. Consistent demand from the industrial player for efficient insulation system to reduce heat and power losses is driving the industrial insulator market.
The volatile price of raw material is a major restraint for the growth of the industrial insulator market. Thermal insulators mainly used a blowing agent, which is a major concern for rising global warming and retarding the growth of the industrial insulator market.
The notable players in the industrial insulator market are ABB, Toshiba Corporation, Siemens, Lapp Insulators, W.S. Industries, Aditya Birla Insulators, Seves Group, MacLean-Fogg Company, Saint-Gobain, Hubbell Power Systems, Knauf Insulation, Bharat Heavy Electricals Limited, Paroc, and Advanced Insulation.
The industrial insulator market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Expansion of processing, manufacturing, and oil & gas industries is a major factor to fuel the growth of the industrial insulator in North America. Refurbishment of existing grid infrastructure, massive development HVAC industry, increasing solar and wind power installation is driving the industrial insulation market in North America. Europe is consistently striving for the energy-efficient program and executing different rules and regulation to reduce energy consumption. The presence of the automotive and manufacturing industries in Germany, UK, France, etc. have increased the demand for efficient insulation system. Persistent installation of smart grid and microgrid is also adding a significant market to an industrial insulator in Europe. The Asia Pacific is attributing the lucrative market for the growth of the industrial insulation due to increasing investment in transmission and distribution, massive industrial and urban development, and so on. The lack of grid infrastructure in many parts of the African countries has led the government to invest in developing grid infrastructure. Along with this, the oil and gas companies in GCC countries have accelerated the demand for industrial insulator in MEA.
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