The electrical insulation composites market is a prominent branch of the energy and power industry. This industry deals in the manufacturing and distribution of materials used for insulating electronic components. There are several types of electric insulation composites available on the market: glass epoxy, phenolic resins, cyanate ester resins, and some others. The rising development of electric infrastructure, along with increased energy consumption in advanced economies, is crucial for industrial growth. This market is expected to rise significantly with the growth of the electrical equipment industry across the world.
The demand for these composites has grown rapidly in the energy and power sector due to their high resistance and dielectric strength, thereby driving market growth. Also, the growing application of insulation composites in switchgear, bus bars, transformers, cable and transmission lines, and some others, along with a surge in demand for high-voltage insulation composites, is crucial for industrial expansion. Moreover, the rising use of these composites in various end-users such as residential, commercial, industrial and utilities is expected to boost the growth of the electrical insulation composites market. The deployment of smart grids in different parts of the world along with rising application of IoT-enabled insulator monitoring systems in electrical systems is expected to create opportunities for the market players in the upcoming years.
rical Insulation Composites Market Key Highlights:
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