Insulators Market in Africa to Surpass $ 250 Million by 2022
According to a recently
published TechSci Research report “Africa
Insulators Market By Rating, By Country, By Type,
Competition Forecast & Opportunities, 2012-2022’’, insulators market in Africa
is expected to reach $ 254 million by 2022 on account of increasing development
in the country’s infrastructure and power sectors. Moreover, expansion of power
transmission and distribution networks and inter-state power transmission lines
are expected to further boost demand for insulators in Africa over the next
five years.
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Africa, being an underdeveloped region
suffers from huge shortage of power. However, this scenario is changing rapidly
as the governments across various African nations are focussing on improving
access to electricity for citizens. Also, inter-country power transmission
projects such as North Africa Power Transmission Corridor, North-South Africa
Power Transmission Corridor, West Africa Power Transmission Corridor, and Central
Africa Power Transmission Corridor, which aim at connecting various African
nation through shared network of power transmission lines, is boosting demand
for insulators in the region.
On the basis of ratings, Africa
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 owing to their
extensive usage in electricity distribution networks. Among all the African countries,
Nigeria dominates Africa insulators market owing to the country’s economic
boom, which has encouraged the government to focus on improving electricity
supply in the country over the last few years, thereby increasing demand for
insulators. Aditya Birla Nuvo Limited and Dalian Composite Insulator Co.
Ltd. are two of the market leaders in
Africa insulators market.
“With growing investments in
infrastructure and power sectors across Africa, demand for insulators is likely
to rise in the coming years. Moreover, increasing focus of the governments of
the African nations to increase electricity supply across urban as well as
rural areas is further anticipated to improve the power scenario in the region,
which consequently would lead to surge in demand for insulators over the course
of next five years in Africa. Introduction of many power transmission
projects in the region will further add to the demand for insulators.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
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“Africa Insulators Market By Rating, By
Country, By Type, Competition Forecast & Opportunities, 2012-2022’’ has evaluated the future growth
potential of Africa insulators market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in Africa
insulators market.
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