NEW YORK --- According to TechSci Research report "GCC Insulators Market By Rating, By Type, Competition Forecast & Opportunities, 2011 - 2021", insulators market in GCC is projected to reach US$ 409 million by 2021, on account of increasing investments in power projects driven by expanding population base, growing manufacturing sector, and rapid expansion of infrastructure projects such as railways, sea ports, etc. Insulators are widely used in transmission and distribution networks to prevent energy loss by acting as a barrier between current carrying cables and supporting towers. Over the next five years, anticipated expansion of transmission and distribution networks in GCC nations to supply power from source of generation to demand location is projected to drive demand for insulators in the region.
On the basis of ratings, GCC insulators market is categorized into low voltage insulators, medium voltage insulators and high voltage insulators. Low voltage insulators segment accounts for the largest share in the region's insulators market on account of rapid expansion of low voltage distribution lines to cater to the growing electricity demand from the residential segment. Saudi Arabia dominates GCC insulators market due to growing housing sector and increasing inclination of the country to diversify into non-oil sectors such as manufacturing, real estate, infrastructure, etc. Insulators market in the GCC region is dominated by global electrical equipment manufacturers such as ABB, NGK insulators and Toshiba Gulf FZE.
"GCC Insulators Market By Rating, By Type, Competition Forecast & Opportunities, 2011 - 2021" has evaluated the future growth potential of insulators market across the GCC region and provide statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in the insulators market in the GCC region.
Browse 15 market data Tables and 36 Figures spread through 143 Pages and an in-depth TOC on "GCC Insulators Market" at https://www.techsciresearch.com/report/gcc-insulators-market-by-rating-low-voltage-medium-voltage-and-high-voltage-by-type-porcelain-composite-and-glass-competition-forecast-and-opportunities-2011-2021/751.html
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