Reports
Global Electric Insulator Market: By Product: Pin Insulator, Suspension Insulator, Shackle Insulator, Others; By Material; By Voltage; By Category; By Installation; By Rating; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Electric Insulator Market Outlook
The global electric insulator market size was around USD 10.8 billion in 2020. The market is further projected to grow at a CAGR of 5.7% over the forecast period of 2023-2028 to attain a value of USD 14.5 billion by 2026.
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.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Electric Insulator Market Forecast (2023-2028)
8.4 Global Electric Insulator Market by Product
8.4.1 Pin Insulator
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Suspension Insulator
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Shackle Insulator
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Electric Insulator Market by Material
8.5.1 Ceramic/Porcelain
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Glass
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Composites
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Electric Insulator Market by Voltage
8.6.1 Low
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Medium
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 High
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Electric Insulator Market by Category
8.7.1 Bushings
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Other Insulators
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Electric Insulator Market by Installation
8.8.1 Distribution Networks
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Transmission Lines
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Substations
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Railways
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Others
8.9 Global Electric Insulator Market by Rating
8.9.1 <11 kV
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 11 kV
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 22 kV
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 33 kV
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 72.5 kV
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
8.9.6 145 kV
8.9.6.1 Market Share
8.9.6.2 Historical Trend (2018-2022)
8.9.6.3 Forecast Trend (2023-2028)
8.9.7 Others
8.10 Global Electric Insulator Market by Application
8.10.1 Transformers
8.10.1.1 Market Share
8.10.1.2 Historical Trend (2018-2022)
8.10.1.3 Forecast Trend (2023-2028)
8.10.2 Cables
8.10.2.1 Market Share
8.10.2.2 Historical Trend (2018-2022)
8.10.2.3 Forecast Trend (2023-2028)
8.10.3 Switchgears
8.10.3.1 Market Share
8.10.3.2 Historical Trend (2018-2022)
8.10.3.3 Forecast Trend (2023-2028)
8.10.4 Busbar
8.10.4.1 Market Share
8.10.4.2 Historical Trend (2018-2022)
8.10.4.3 Forecast Trend (2023-2028)
8.10.5 Surge Protection Devices
8.10.5.1 Market Share
8.10.5.2 Historical Trend (2018-2022)
8.10.5.3 Forecast Trend (2023-2028)
8.10.6 Others
8.11 Global Electric Insulator Market by End Use
8.11.1 Utilities
8.11.1.1 Market Share
8.11.1.2 Historical Trend (2018-2022)
8.11.1.3 Forecast Trend (2023-2028)
8.11.2 Industries
8.11.2.1 Market Share
8.11.2.2 Historical Trend (2018-2022)
8.11.2.3 Forecast Trend (2023-2028)
8.11.3 Others
8.12 Global Electric Insulator Market by Region
8.12.1 North America
8.12.1.1 Market Share
8.12.1.2 Historical Trend (2018-2022)
8.12.1.3 Forecast Trend (2023-2028)
8.12.2 Europe
8.12.2.1 Market Share
8.12.2.2 Historical Trend (2018-2022)
8.12.2.3 Forecast Trend (2023-2028)
8.12.3 Asia Pacific
8.12.3.1 Market Share
8.12.3.2 Historical Trend (2018-2022)
8.12.3.3 Forecast Trend (2023-2028)
8.12.4 Latin America
8.12.4.1 Market Share
8.12.4.2 Historical Trend (2018-2022)
8.12.4.3 Forecast Trend (2023-2028)
8.12.5 Middle East and Africa
8.12.5.1 Market Share
8.12.5.2 Historical Trend (2018-2022)
8.12.5.3 Forecast Trend (2023-2028)
9 North America Electric Insulator Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Electric Insulator Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Electric Insulator Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Electric Insulator Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Electric Insulator Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 2028
2. Global Electric Insulator Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Electric Insulator Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Electric Insulator Historical Market: Breakup by Material (USD Billion), 2018-2022
5. Global Electric Insulator Market Forecast: Breakup by Material (USD Billion), 2023-2028
6. Global Electric Insulator Historical Market: Breakup by Voltage (USD Billion), 2018-2022
7. Global Electric Insulator Market Forecast: Breakup by Voltage (USD Billion), 2023-2028
8. Global Electric Insulator Historical Market: Breakup by Category (USD Billion), 2018-2022
9. Global Electric Insulator Market Forecast: Breakup by Category (USD Billion), 2023-2028
10. Global Electric Insulator Historical Market: Breakup by Installation (USD Billion), 2018-2022
11. Global Electric Insulator Market Forecast: Breakup by Installation (USD Billion), 2023-2028
12. Global Electric Insulator Historical Market: Breakup by Rating (USD Billion), 2018-2022
13. Global Electric Insulator Market Forecast: Breakup by Rating (USD Billion), 2023-2028
14. Global Electric Insulator Historical Market: Breakup by Application (USD Billion), 2018-2022
15. Global Electric Insulator Market Forecast: Breakup by Application (USD Billion), 2023-2028
16. Global Electric Insulator Historical Market: Breakup by End Use (USD Billion), 2018-2022
17. Global Electric Insulator Market Forecast: Breakup by End Use (USD Billion), 2023-2028
18. Global Electric Insulator Historical Market: Breakup by Region (USD Billion), 2018-2022
19. Global Electric Insulator Market Forecast: Breakup by Region (USD Billion), 2023-2028
20. North America Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2022
21. North America Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Europe Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Europe Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Asia Pacific Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2022
25. Asia Pacific Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2023-2028
26. Latin America Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2022
27. Latin America Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2023-2028
28. Middle East and Africa Electric Insulator Historical Market: Breakup by Country (USD Billion), 2018-2022
29. Middle East and Africa Electric Insulator Market Forecast: Breakup by Country (USD Billion), 2023-2028
30. Global Electric Insulator Market Structure
Key Questions Answered in the Report
The global electric insulator market reached a value of USD 10.8 billion in 2020.
The market is projected to grow at a CAGR of nearly 5.7% in the forecast period of 2023-2028.
The market is estimated to reach a value of about USD 14.5 billion by 2026.
The major drivers of the industry include rising disposable incomes, increasing population, and the growing demand for energy and refurbishment of ageing grid technology.
The increasing demand for adopting renewable energy sources owing to the rising environmental concern is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for a significant market share.
The leading product types in the industry are pin insulator, suspension insulator, and shackle insulator, among others.
Ceramic/porcelain is the leading material type in the industry.
The voltage levels can be categorised into low, medium, and high.
The major categories can be divided into bushings and other insulators.
The installation sectors can be segmented into distribution networks, transmission lines, substations, and railways, among others.
The leading rating levels in the market are 11 kV, 11 kV, 22 kV, 33 kV, 72.5 kV, and 145 kV, among others.
The most significant application sectors for the product are transformers, cables, switchgears, busbar, and surge protection devices, among others.
It finds wide end-uses in utilities and industries, among others.
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 10.8 billion in 2020 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 2023-2028, growing at a CAGR of 5.7%. The industry is projected to reach USD 14.5 billion by 2026.
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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