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Electric Insulator Market

Global Electric Insulator Market Size, Share, Forecast: By Product: Pin Insulator, Suspension Insulator, Shackle Insulator, Others; By Material: Ceramic/Porcelain, Glass, Composites, Others; By Voltage; By Category; By Installation; By Rating; By Application; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Electric Insulator Market Outlook

The global electric insulator market size was around USD 12.66 billion in 2023. The market is further projected to grow at a CAGR of 4.90% over the forecast period of 2024-2032 to attain a value of USD 19.62 billion by 2032.

 

The electric insulator market is being driven by the refurbishment of ageing grid technology. Owing to the growing integration of renewables and distributed technologies onto the grid, industries are upgrading their existing infrastructure. The ceramic/porcelain material segment holds a significant share in the global electrical insulators market. The growth of the segment is the result of the increased preference of these insulators owing to its physical strength.

 

Electric Insulator Market

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The Asia Pacific is expected to account for a significant market share in the forecast period. Within the Asia Pacific, the rapid industrialisation and urbanisation and the growing need to enhance power generation capacity has led to the rapid expansion of transmission and distribution (T&D) infrastructure in countries such as China, India, and Japan, thus, aiding the industry growth in the region. Further, African nations have announced that they will achieve universal electricity access by 2026, further focusing on the adoption of clean and renewable energy solutions, which will generate increased demand for new off-grid connections, which in turn, will drive the growth of electric insulator industry over the forecast period.

 

Properties and Applications

An electric insulator is a material with weak electrical conductivity due to lack of free-flowing electrical charges. When an electromotive force (EMF) source is applied, it displays characteristics such as high resistivity and helps to regulate the electric current flow efficiently. Besides this, electric insulators prevent the current from flowing in the direction where it is not needed. Thus, electric insulators are commonly utilised in coating wires, in electricity distribution networks, and as dielectrics in capacitors.

 

Electric Insulator Market by Product

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On the basis of product, the electric insulator industry is divided into:

  • Pin 
  • Suspension 
  • Shackle 
  • Others

The various materials available in the industry include:

  • Ceramic/Porcelain 
  • Glass
  • Composites
  • Others

Based on voltage, the industry has been divided into:

  • Low
  • Medium
  • High 

On the basis of category, the industry has been bifurcated into:

  • Bushings
  • Other Insulators 

Based on installation, the industry is categorised as:

  • Distribution Networks
  • Transmission Lines
  • Substations
  • Railways
  • Others

By rating, the market is segmented into:

  • <11 kV
  • 11 kV
  • 22 kV
  • 33 kV
  • 72.5 kV
  • 145 kV
  • Others 

On the basis of applications, the industry is divided into:

  • Transformers
  • Cables
  • Switchgears
  • Busbar
  • Surge Protection Devices
  • Others

The various end-use sectors for electric insulators include:

  • Utilities
  • Industries
  • Others 

The report also covers the regional electric insulator markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Electric Insulator Market by Region

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Market Analysis

The global electric insulator market is being supported by the growing demand for energy and the refurbishment of ageing grid technology. Many developed economies are currently investing in the renovation of aging grid infrastructure, further developing sustainable electrical networks in order to deliver electricity generated from renewable sources. The increased demand to adopt renewable energy sources owing to the rising environmental concern is driving this trend, which, in turn, will propel the demand for the electric insulator.

One of the main functions of insulators is to provide protection against the harmful effects of electricity, making them useful in networks for electricity transmission and distribution (T&D). Furthermore, because of properties such as low thermal expansion and high dielectric strength, insulators find extensive applications in various industries as a safety measure.

Moreover, rapid urbanisation and growing industrialisation in the developing nations is leading to increased demand for energy, thus, leading to the expansion of transmission and distribution (T&D) infrastructure. The government in such regions are also encouraging the adoption of renewable energy sources by providing subsidies and other benefits to the consumers and electric insulator manufacturers. This is expected to further aid the global electric insulator market growth over the forecast period.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global electric insulator market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • NGK Insulators, Ltd.
  • Aditya Birla Insulators
  • Siemens Gas and Power GmbH & Co. KG
  • General Electric
  • Hubbell Incorporated
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Material
  • Voltage
  • Category
  • Installation
  • Rating
  • Application
  • End Use
  • Region
Breakup by Product
  • Pin Insulator
  • Suspension Insulator
  • Shackle Insulator
  • Others
Breakup by Material
  • Ceramic/Porcelain
  • Glass
  • Composites
  • Others
Breakup by Voltage
  • Low
  • Medium
  • High
Breakup by Category
  • Bushings
  • Other Insulators
Breakup by Installation
  • Distribution Networks
  • Transmission Lines
  • Substations
  • Railways
  • Others
Breakup by Rating
  • <11 kV
  • 11 kV
  • 22 kV
  • 33 kV
  • 72.5 kV
  • 145 kV
  • Others
Breakup by Application
  • Transformers
  • Cables
  • Switchgears
  • Busbar
  • Surge Protection Devices
  • Others
Breakup by End Use
  • Utilities
  • Industries
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • NGK Insulators, Ltd.
  • Aditya Birla Insulators
  • Siemens Gas and Power GmbH & Co. KG
  • General Electric
  • Hubbell Incorporated
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Electric Insulator Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Insulator Historical Market (2018-2023) 
    8.3    Global Electric Insulator Market Forecast (2024-2032)
    8.4    Global Electric Insulator Market by Product
        8.4.1    Pin Insulator
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Suspension Insulator
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Shackle Insulator
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Electric Insulator Market by Material
        8.5.1    Ceramic/Porcelain
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Glass
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Composites
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Electric Insulator Market by Voltage
        8.6.1    Low
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Medium
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    High
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Electric Insulator Market by Category
        8.7.1    Bushings
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Other Insulators
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Electric Insulator Market by Installation
        8.8.1    Distribution Networks
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Transmission Lines
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Substations
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Railways
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Others
    8.9    Global Electric Insulator Market by Rating
        8.9.1    <11 kV
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    11 kV
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    22 kV
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    33 kV
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    72.5 kV
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
        8.9.6    145 kV
            8.9.6.1    Historical Trend (2018-2023)
            8.9.6.2    Forecast Trend (2024-2032)
        8.9.7    Others
    8.10    Global Electric Insulator Market by Application
        8.10.1    Transformers
            8.10.1.1    Historical Trend (2018-2023)
            8.10.1.2    Forecast Trend (2024-2032)
        8.10.2    Cables
            8.10.2.1    Historical Trend (2018-2023)
            8.10.2.2    Forecast Trend (2024-2032)
        8.10.3    Switchgears
            8.10.3.1    Historical Trend (2018-2023)
            8.10.3.2    Forecast Trend (2024-2032)
        8.10.4    Busbar
            8.10.4.1    Historical Trend (2018-2023)
            8.10.4.2    Forecast Trend (2024-2032)
        8.10.5    Surge Protection Devices
            8.10.5.1    Historical Trend (2018-2023)
            8.10.5.2    Forecast Trend (2024-2032)
        8.10.6    Others
    8.11    Global Electric Insulator Market by End Use
        8.11.1    Utilities
            8.11.1.1    Historical Trend (2018-2023)
            8.11.1.2    Forecast Trend (2024-2032)
        8.11.2    Industries
            8.11.2.1    Historical Trend (2018-2023)
            8.11.2.2    Forecast Trend (2024-2032)
        8.11.3    Others 
    8.12    Global Electric Insulator Market by Region
        8.12.1    North America
            8.12.1.1    Historical Trend (2018-2023)
            8.12.1.2    Forecast Trend (2024-2032)
        8.12.2    Europe
            8.12.2.1    Historical Trend (2018-2023)
            8.12.2.2    Forecast Trend (2024-2032)
        8.12.3    Asia Pacific
            8.12.3.1    Historical Trend (2018-2023)
            8.12.3.2    Forecast Trend (2024-2032)
        8.12.4    Latin America
            8.12.4.1    Historical Trend (2018-2023)
            8.12.4.2    Forecast Trend (2024-2032)
        8.12.5    Middle East and Africa
            8.12.5.1    Historical Trend (2018-2023)
            8.12.5.2    Forecast Trend (2024-2032)
9    North America Electric Insulator Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Electric Insulator Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Electric Insulator Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Electric Insulator Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Electric Insulator Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    NGK Insulators, Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Aditya Birla Insulators
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Siemens Gas and Power GmbH & Co. KG
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    General Electric
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Hubbell Incorporated
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Electric Insulator Market: Key Industry Highlights, 2018 and 2032
2.    Global Electric Insulator Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Electric Insulator Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Electric Insulator Historical Market: Breakup by Material (USD Billion), 2018-2023
5.    Global Electric Insulator Market Forecast: Breakup by Material (USD Billion), 2024-2032
6.    Global Electric Insulator Historical Market: Breakup by Voltage (USD Billion), 2018-2023
7.    Global Electric Insulator Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
8.    Global Electric Insulator Historical Market: Breakup by Category (USD Billion), 2018-2023
9.    Global Electric Insulator Market Forecast: Breakup by Category (USD Billion), 2024-2032
10.    Global Electric Insulator Historical Market: Breakup by Installation (USD Billion), 2018-2023
11.    Global Electric Insulator Market Forecast: Breakup by Installation (USD Billion), 2024-2032
12.    Global Electric Insulator Historical Market: Breakup by Rating (USD Billion), 2018-2023
13.    Global Electric Insulator Market Forecast: Breakup by Rating (USD Billion), 2024-2032
14.    Global Electric Insulator Historical Market: Breakup by Application (USD Billion), 2018-2023
15.    Global Electric Insulator Market Forecast: Breakup by Application (USD Billion), 2024-2032
16.    Global Electric Insulator Historical Market: Breakup by End Use (USD Billion), 2018-2023
17.    Global Electric Insulator Market Forecast: Breakup by End Use (USD Billion), 2024-2032
18.    Global Electric Insulator Historical Market: Breakup by Region (USD Billion), 2018-2023
19.    Global Electric Insulator Market Forecast: Breakup by Region (USD Billion), 2024-2032
20.    North America Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    North America Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Europe Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Europe Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Asia Pacific Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2023
25.    Asia Pacific Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2024-2032
26.    Latin America Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2023
27.    Latin America Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2024-2032
28.    Middle East and Africa Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2023
29.    Middle East and Africa Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2024-2032
30.    Global Electric Insulator Market Structure

Key Questions Answered in the Report

The global electric insulator market reached a value of USD 12.66 billion in 2023.

The market is projected to grow at a CAGR of nearly 4.90% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 19.62 billion by 2032.

The major market drivers include rising disposable incomes, increasing population, and the growing demand for energy.

The increasing adoption of renewable energy, the rising investments in the ageing grid infrastructure, and the extensive applications of electric insulators as a safety measure in several end-use sectors are the key trends guiding the market.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

Pin insulator, suspension insulator, and shackle insulator, among others, are the significant products considered in the market report.

The various materials considered in the market report are ceramic/porcelain, glass, and composites, among others.

The major voltage segments considered in the market report are low, medium, and high.

The several categories considered in the market report are bushings and other insulators.

The various segments based on installation in the market include distribution networks, transmission lines, substations, and railways, among others.

The significant rating segments in the market are <11 kV, 11 kV, 22 kV, 33 kV, 72.5 kV, and 145 kV, among others.

The major applications of electric insulator are transformers, cables, switchgears, busbar, and surge protection devices, among others.

Utilities and industries, among others, are the different end uses of electric insulator.

The leading players in the market are NGK Insulators, Ltd., Aditya Birla Insulators, Siemens Gas and Power GmbH & Co. KG, General Electric, and Hubbell Incorporated, among others.

Analyst Review

The global electric insulator market attained a value of USD 12.66 billion in 2023 driven by the rapid urbanisation and growing industrialisation. Aided by the growing demand for energy and refurbishment of ageing grid technology, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.90%. The industry is projected to reach USD 19.62 billion by 2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on product types, the global electric insulator market can be segmented into pin, suspension, and shackle insulators, among others. By material, the ceramic/porcelain segment leads the industry. Based on voltage, the industry is divided into low, medium, and high voltage. Bushings and other insulators are the major categories in the industry. Based on installation, the market can be segmented into distribution networks, transmission lines, substations, and railways, among others. By rating, the industry is divided into <11 kV, 11 kV, 22 kV, 33 kV, 72.5 kV, 145 kV, and others. On the basis of application, the industry can be divided into transformers, cables, switchgears, busbar, and surge protection devices, among others. The major regional markets for electric insulator are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include NGK Insulators, Ltd., Aditya Birla Insulators, Siemens Gas and Power GmbH & Co. KG, General Electric, and Hubbell Incorporated, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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