Product Code: A09289
The global electric insulator market size was valued at $12.6 billion in 2021, and projected to reach $20.8 billion by 2031, with a CAGR of 5.2% from 2022 to 2031.
Insulators have high resistivity and low conductivity. Insulators are not conducive to electrical energy. They are used in every electrical circuit. It avoids leakage of current and ensure safety of the human life and stable operation of the electric appliances. It is used as a mechanical support in power transmission lines to withstand stresses.
Growth in measures to ensure safety & stability along with the increase in electric infrastructure spending across power grid applications is expected to drive the market demand. The refurbishment & replacement of existing networks primarily across the emerging economies, stringent government policies toward the development of sustainable electrical networks to increase power generation through clean energy sources are anticipated to drive the market growth.
The ceramic electric insulator market is anticipated to reach $2.5 billion by 2028 due to the ability of these units to provide optimal mechanical strength, enhanced hydrophobicity properties, lower leakage current, and significant stress resistance. Moreover, these insulators are poised to register a substantial adoption owing to its excellent insulation quality, elevated fire temperature ratings, optimized durability, and cost-effective availability. The introduction of new government schemes & funding for establishing long electrical networks is expected to boost the market.
Ongoing investments toward R&D activities by major industry players to increase the insulation & tensile strength, material density, and expansion coefficient are anticipated to positively influence the product penetration. Legislative ventures to expand power infrastructures coupled with the surge in urbanization & commercialization is expected to augment the demand for electric insulators. Furthermore, as the demand for alternative energy sources grows, so the demand for electric Insulators. However, the volatile price of raw material will hamper the development of the market.
The electric insulator market is segmented on the basis of type, material type, voltage, application, end use, and region.
On the basis of type, the market is fragmented into shackle insulator, pin insulator, suspension insulator, and others. By material type the market is classified into ceramic, composite, glass, and others. On the basis of voltage, it is divided into low, medium and high. On the basis of application, it is segmented into transformer, cables, switchgear, busbar, surge protection devices, and others. On the basis of end use, the market is categorized into utilities, industries and others.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
The major companies profiled in this report include ABB Ltd, Siemens Energy, GE Grid Solutions, Hubbell Power Systems, NGK Insulators, Ltd., Aditya Birla Insulators, MacLean-Fogg Company, Elsewedy Electric, Seves Group, BHEL, TE Connectivity, Modern Insulators, Almatis GmbH, Hitachi Energy, Olectra Greentech, Zhengzhou Orient Power, and INCAP. Owing to rapid industrialization, modernization, rise in the demand for portable electronic gadgets, and investment in the renewable energy have fueled the demand for electric Insulator.
Further growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the power generation, transmission, and distribution have led to key developments in the global electric insulator market.
COVID-19 analysis:
- COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies. The novel coronavirus has affected several economies ad caused lockdown in many countries which has limited the growth of the market. The shutdown of industrial manufacturer led to the decline in the demand for solar related equipment in most of the countries across the world led to decline in the demand of the electric Insulator market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.
- Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric insulator market analysis from 2021 to 2031 to identify the prevailing electric insulator market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electric insulator market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electric insulator market trends, key players, market segments, application areas, and market growth strategies.
- Key Market Segments
By Type
- Shackle Insulator
- Pin Insulator
- Suspension Insulator
- Others
By Material Type
- Ceramic
- Composite
- Glass
- Others
By Voltage
By Application
- Transformer
- Cables
- Switchgear
- Busbar
- Surge Protection Devices
- Others
By End Use
- Utilities
- Industries
- Others
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Key Market Players
- ABB Ltd
- Siemens AG
- GE Grid Solutions
- Hubbell Power Systems
- NGK Insulators, Ltd.
- Aditya Birla Insulators
- MacLean-Fogg Company
- Elsewedy Electric
- Seves Group
- BHEL
- TE Connectivity
- Modern Insulators
- Almatis GmbH
- Hitachi Energy
- Olectra Greentech
- Zhengzhou Orient Power
- INCAP
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Pricing Analysis
- 3.8.Value Chain Analysis
- 3.9.Key Regulation Analysis
CHAPTER 4: ELECTRIC INSULATOR MARKET, BY TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Shackle Insulator
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Pin Insulator
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Suspension Insulator
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.5 Others
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
CHAPTER 5: ELECTRIC INSULATOR MARKET, BY MATERIAL TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Ceramic
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Composite
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Glass
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
- 5.5 Others
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market analysis by country
CHAPTER 6: ELECTRIC INSULATOR MARKET, BY VOLTAGE
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Low
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Medium
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 High
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
CHAPTER 7: ELECTRIC INSULATOR MARKET, BY APPLICATION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Transformer
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
- 7.3 Cables
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
- 7.4 Switchgear
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market analysis by country
- 7.5 Busbar
- 7.5.1 Key market trends, growth factors and opportunities
- 7.5.2 Market size and forecast, by region
- 7.5.3 Market analysis by country
- 7.6 Surge Protection Devices
- 7.6.1 Key market trends, growth factors and opportunities
- 7.6.2 Market size and forecast, by region
- 7.6.3 Market analysis by country
- 7.7 Others
- 7.7.1 Key market trends, growth factors and opportunities
- 7.7.2 Market size and forecast, by region
- 7.7.3 Market analysis by country
CHAPTER 8: ELECTRIC INSULATOR MARKET, BY END USE
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 Utilities
- 8.2.1 Key market trends, growth factors and opportunities
- 8.2.2 Market size and forecast, by region
- 8.2.3 Market analysis by country
- 8.3 Industries
- 8.3.1 Key market trends, growth factors and opportunities
- 8.3.2 Market size and forecast, by region
- 8.3.3 Market analysis by country
- 8.4 Others
- 8.4.1 Key market trends, growth factors and opportunities
- 8.4.2 Market size and forecast, by region
- 8.4.3 Market analysis by country
CHAPTER 9: ELECTRIC INSULATOR MARKET, BY REGION
- 9.1 Overview
- 9.1.1 Market size and forecast
- 9.2 North America
- 9.2.1 Key trends and opportunities
- 9.2.2 North America Market size and forecast, by Type
- 9.2.3 North America Market size and forecast, by Material Type
- 9.2.4 North America Market size and forecast, by Voltage
- 9.2.5 North America Market size and forecast, by Application
- 9.2.6 North America Market size and forecast, by End Use
- 9.2.7 North America Market size and forecast, by country
- 9.2.7.1 U.S.
- 9.2.7.1.1 Market size and forecast, by Type
- 9.2.7.1.2 Market size and forecast, by Material Type
- 9.2.7.1.3 Market size and forecast, by Voltage
- 9.2.7.1.4 Market size and forecast, by Application
- 9.2.7.1.5 Market size and forecast, by End Use
- 9.2.7.2 Canada
- 9.2.7.2.1 Market size and forecast, by Type
- 9.2.7.2.2 Market size and forecast, by Material Type
- 9.2.7.2.3 Market size and forecast, by Voltage
- 9.2.7.2.4 Market size and forecast, by Application
- 9.2.7.2.5 Market size and forecast, by End Use
- 9.2.7.3 Mexico
- 9.2.7.3.1 Market size and forecast, by Type
- 9.2.7.3.2 Market size and forecast, by Material Type
- 9.2.7.3.3 Market size and forecast, by Voltage
- 9.2.7.3.4 Market size and forecast, by Application
- 9.2.7.3.5 Market size and forecast, by End Use
- 9.3 Europe
- 9.3.1 Key trends and opportunities
- 9.3.2 Europe Market size and forecast, by Type
- 9.3.3 Europe Market size and forecast, by Material Type
- 9.3.4 Europe Market size and forecast, by Voltage
- 9.3.5 Europe Market size and forecast, by Application
- 9.3.6 Europe Market size and forecast, by End Use
- 9.3.7 Europe Market size and forecast, by country
- 9.3.7.1 Germany
- 9.3.7.1.1 Market size and forecast, by Type
- 9.3.7.1.2 Market size and forecast, by Material Type
- 9.3.7.1.3 Market size and forecast, by Voltage
- 9.3.7.1.4 Market size and forecast, by Application
- 9.3.7.1.5 Market size and forecast, by End Use
- 9.3.7.2 France
- 9.3.7.2.1 Market size and forecast, by Type
- 9.3.7.2.2 Market size and forecast, by Material Type
- 9.3.7.2.3 Market size and forecast, by Voltage
- 9.3.7.2.4 Market size and forecast, by Application
- 9.3.7.2.5 Market size and forecast, by End Use
- 9.3.7.3 UK
- 9.3.7.3.1 Market size and forecast, by Type
- 9.3.7.3.2 Market size and forecast, by Material Type
- 9.3.7.3.3 Market size and forecast, by Voltage
- 9.3.7.3.4 Market size and forecast, by Application
- 9.3.7.3.5 Market size and forecast, by End Use
- 9.3.7.4 Italy
- 9.3.7.4.1 Market size and forecast, by Type
- 9.3.7.4.2 Market size and forecast, by Material Type
- 9.3.7.4.3 Market size and forecast, by Voltage
- 9.3.7.4.4 Market size and forecast, by Application
- 9.3.7.4.5 Market size and forecast, by End Use
- 9.3.7.5 Spain
- 9.3.7.5.1 Market size and forecast, by Type
- 9.3.7.5.2 Market size and forecast, by Material Type
- 9.3.7.5.3 Market size and forecast, by Voltage
- 9.3.7.5.4 Market size and forecast, by Application
- 9.3.7.5.5 Market size and forecast, by End Use
- 9.3.7.6 Rest of Europe
- 9.3.7.6.1 Market size and forecast, by Type
- 9.3.7.6.2 Market size and forecast, by Material Type
- 9.3.7.6.3 Market size and forecast, by Voltage
- 9.3.7.6.4 Market size and forecast, by Application
- 9.3.7.6.5 Market size and forecast, by End Use
- 9.4 Asia-Pacific
- 9.4.1 Key trends and opportunities
- 9.4.2 Asia-Pacific Market size and forecast, by Type
- 9.4.3 Asia-Pacific Market size and forecast, by Material Type
- 9.4.4 Asia-Pacific Market size and forecast, by Voltage
- 9.4.5 Asia-Pacific Market size and forecast, by Application
- 9.4.6 Asia-Pacific Market size and forecast, by End Use
- 9.4.7 Asia-Pacific Market size and forecast, by country
- 9.4.7.1 China
- 9.4.7.1.1 Market size and forecast, by Type
- 9.4.7.1.2 Market size and forecast, by Material Type
- 9.4.7.1.3 Market size and forecast, by Voltage
- 9.4.7.1.4 Market size and forecast, by Application
- 9.4.7.1.5 Market size and forecast, by End Use
- 9.4.7.2 Japan
- 9.4.7.2.1 Market size and forecast, by Type
- 9.4.7.2.2 Market size and forecast, by Material Type
- 9.4.7.2.3 Market size and forecast, by Voltage
- 9.4.7.2.4 Market size and forecast, by Application
- 9.4.7.2.5 Market size and forecast, by End Use
- 9.4.7.3 India
- 9.4.7.3.1 Market size and forecast, by Type
- 9.4.7.3.2 Market size and forecast, by Material Type
- 9.4.7.3.3 Market size and forecast, by Voltage
- 9.4.7.3.4 Market size and forecast, by Application
- 9.4.7.3.5 Market size and forecast, by End Use
- 9.4.7.4 South Korea
- 9.4.7.4.1 Market size and forecast, by Type
- 9.4.7.4.2 Market size and forecast, by Material Type
- 9.4.7.4.3 Market size and forecast, by Voltage
- 9.4.7.4.4 Market size and forecast, by Application
- 9.4.7.4.5 Market size and forecast, by End Use
- 9.4.7.5 Rest of Asia-Pacific
- 9.4.7.5.1 Market size and forecast, by Type
- 9.4.7.5.2 Market size and forecast, by Material Type
- 9.4.7.5.3 Market size and forecast, by Voltage
- 9.4.7.5.4 Market size and forecast, by Application
- 9.4.7.5.5 Market size and forecast, by End Use
- 9.5 LAMEA
- 9.5.1 Key trends and opportunities
- 9.5.2 LAMEA Market size and forecast, by Type
- 9.5.3 LAMEA Market size and forecast, by Material Type
- 9.5.4 LAMEA Market size and forecast, by Voltage
- 9.5.5 LAMEA Market size and forecast, by Application
- 9.5.6 LAMEA Market size and forecast, by End Use
- 9.5.7 LAMEA Market size and forecast, by country
- 9.5.7.1 Brazil
- 9.5.7.1.1 Market size and forecast, by Type
- 9.5.7.1.2 Market size and forecast, by Material Type
- 9.5.7.1.3 Market size and forecast, by Voltage
- 9.5.7.1.4 Market size and forecast, by Application
- 9.5.7.1.5 Market size and forecast, by End Use
- 9.5.7.2 Saudi Arabia
- 9.5.7.2.1 Market size and forecast, by Type
- 9.5.7.2.2 Market size and forecast, by Material Type
- 9.5.7.2.3 Market size and forecast, by Voltage
- 9.5.7.2.4 Market size and forecast, by Application
- 9.5.7.2.5 Market size and forecast, by End Use
- 9.5.7.3 South Africa
- 9.5.7.3.1 Market size and forecast, by Type
- 9.5.7.3.2 Market size and forecast, by Material Type
- 9.5.7.3.3 Market size and forecast, by Voltage
- 9.5.7.3.4 Market size and forecast, by Application
- 9.5.7.3.5 Market size and forecast, by End Use
- 9.5.7.4 Rest of LAMEA
- 9.5.7.4.1 Market size and forecast, by Type
- 9.5.7.4.2 Market size and forecast, by Material Type
- 9.5.7.4.3 Market size and forecast, by Voltage
- 9.5.7.4.4 Market size and forecast, by Application
- 9.5.7.4.5 Market size and forecast, by End Use
CHAPTER 10: COMPANY LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product Mapping of Top 10 Player
- 10.4. Competitive Dashboard
- 10.5. Competitive Heatmap
- 10.6. Key developments
CHAPTER 11: COMPANY PROFILES
- 11.1 ABB Ltd
- 11.1.1 Company overview
- 11.1.2 Company snapshot
- 11.1.3 Operating business segments
- 11.1.4 Product portfolio
- 11.1.5 Business performance
- 11.1.6 Key strategic moves and developments
- 11.2 Siemens AG
- 11.2.1 Company overview
- 11.2.2 Company snapshot
- 11.2.3 Operating business segments
- 11.2.4 Product portfolio
- 11.2.5 Business performance
- 11.2.6 Key strategic moves and developments
- 11.3 GE Grid Solutions
- 11.3.1 Company overview
- 11.3.2 Company snapshot
- 11.3.3 Operating business segments
- 11.3.4 Product portfolio
- 11.3.5 Business performance
- 11.3.6 Key strategic moves and developments
- 11.4 Hubbell Power Systems
- 11.4.1 Company overview
- 11.4.2 Company snapshot
- 11.4.3 Operating business segments
- 11.4.4 Product portfolio
- 11.4.5 Business performance
- 11.4.6 Key strategic moves and developments
- 11.5 NGK Insulators, Ltd.
- 11.5.1 Company overview
- 11.5.2 Company snapshot
- 11.5.3 Operating business segments
- 11.5.4 Product portfolio
- 11.5.5 Business performance
- 11.5.6 Key strategic moves and developments
- 11.6 Aditya Birla Insulators
- 11.6.1 Company overview
- 11.6.2 Company snapshot
- 11.6.3 Operating business segments
- 11.6.4 Product portfolio
- 11.6.5 Business performance
- 11.6.6 Key strategic moves and developments
- 11.7 MacLean-Fogg Company
- 11.7.1 Company overview
- 11.7.2 Company snapshot
- 11.7.3 Operating business segments
- 11.7.4 Product portfolio
- 11.7.5 Business performance
- 11.7.6 Key strategic moves and developments
- 11.8 Elsewedy Electric
- 11.8.1 Company overview
- 11.8.2 Company snapshot
- 11.8.3 Operating business segments
- 11.8.4 Product portfolio
- 11.8.5 Business performance
- 11.8.6 Key strategic moves and developments
- 11.9 Seves Group
- 11.9.1 Company overview
- 11.9.2 Company snapshot
- 11.9.3 Operating business segments
- 11.9.4 Product portfolio
- 11.9.5 Business performance
- 11.9.6 Key strategic moves and developments
- 11.10 BHEL
- 11.10.1 Company overview
- 11.10.2 Company snapshot
- 11.10.3 Operating business segments
- 11.10.4 Product portfolio
- 11.10.5 Business performance
- 11.10.6 Key strategic moves and developments
- 11.11 TE Connectivity
- 11.11.1 Company overview
- 11.11.2 Company snapshot
- 11.11.3 Operating business segments
- 11.11.4 Product portfolio
- 11.11.5 Business performance
- 11.11.6 Key strategic moves and developments
- 11.12 Modern Insulators
- 11.12.1 Company overview
- 11.12.2 Company snapshot
- 11.12.3 Operating business segments
- 11.12.4 Product portfolio
- 11.12.5 Business performance
- 11.12.6 Key strategic moves and developments
- 11.13 Almatis GmbH
- 11.13.1 Company overview
- 11.13.2 Company snapshot
- 11.13.3 Operating business segments
- 11.13.4 Product portfolio
- 11.13.5 Business performance
- 11.13.6 Key strategic moves and developments
- 11.14 Hitachi Energy
- 11.14.1 Company overview
- 11.14.2 Company snapshot
- 11.14.3 Operating business segments
- 11.14.4 Product portfolio
- 11.14.5 Business performance
- 11.14.6 Key strategic moves and developments
- 11.15 Olectra Greentech
- 11.15.1 Company overview
- 11.15.2 Company snapshot
- 11.15.3 Operating business segments
- 11.15.4 Product portfolio
- 11.15.5 Business performance
- 11.15.6 Key strategic moves and developments
- 11.16 Zhengzhou Orient Power
- 11.16.1 Company overview
- 11.16.2 Company snapshot
- 11.16.3 Operating business segments
- 11.16.4 Product portfolio
- 11.16.5 Business performance
- 11.16.6 Key strategic moves and developments
- 11.17 INCAP
- 11.17.1 Company overview
- 11.17.2 Company snapshot
- 11.17.3 Operating business segments
- 11.17.4 Product portfolio
- 11.17.5 Business performance
- 11.17.6 Key strategic moves and developments