Market Snapshot:
An electrical insulator is material in which electric current will flow through it in the influence of an electric field. Electrical Insulator is the device which is used to resist the transmission of energy from one medium to another. Insulators are mainly used in electrical applications as well as transmission & distribution. Insulator is made from various materials such as glass, plastic, rubber, air, and wood. Electric insulator have various industrial and commercial properties such as high dielectric strength, very high resistivity, low thermal expansion and the strongly held valence electrons in the insulator material permits them to resist the electron movement through them.
Highlights from Electric Insulator Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | Europe |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Manufacturers profiled in the report are ABB (Switzerland), GE (United States), Siemens (Germany), Toshiba (Japan), Aditya Birla (India), Alstom S.A (France), Bharat Heavy Electricals Limited. (India), Hubbell Incorporated (United States), Seves Group (Italy) and Dalian Yilian Technology Co. Ltd. (China). Additionally, other players that are part of this comprehensive study are ELANTAS GmbH (Germany), WT Henley (United Kingdom), NGK Insulators (Japan), Maclean-Fogg (United States) and PFISTERER (Germany).
Geographic Breakdown and Segment Analysis
The Global Electric Insulator market presents a comprehensive analysis of the Electric Insulator market by product type (Ceramic Insulator, Glass Insulator and Composite Insulator), by end-user/application (Transformer, Cables & Transmission lines, Busbar, Surge Protection Device, Switchgears and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Electric Insulator industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the Europe holds majority of market share of the Electric Insulator market
Analyst at AMA have segmented the market study of Global Electric Insulator market by Type, Application and Region.
Influencing Trend:
High Adoption of Ceramic Electrical Insulator and Increasing Dependency on Renewable Energy Sources
Market Growth Drivers:
Refurbishment of Existing Grid Networks and Growing Expenditure toward Modernization of Electrical Infrastructure
Challenges:
Fluctuating Prices of Raw Material
Restraints:
Increasing Grey Market Products of Low Quality
Opportunities:
Rising Demand in Smart Grid Projects in Developing Countries
Market Developments Activities:
In October 2019 Grasim Industries Limited (“Grasim”) today signed a definitive agreement to form a Joint Venture Company (JVC) in India with Maschinenfabrik Reinhausen GmbH (“MR”) of Germany for the manufacturing and sale of Composite Hollow Core Insulators (“CHCI”) to serve the Power Transmission and Distribution industry globally
In March 2023,Solvay, a global market leader in specialty materials, has announced the introduction of a new high-and flame retreatants grade in the polymer portifolia.
The development of renewable-based power generation is expected to result in the expansion of T&D infrastructure, resulting in an increase in demand for electric insulators Source.
Key Target Audience
Component Manufacturers and Suppliers, Consulting Companies in the Power Sector, Power Plant Project Developers, Renewable Energy Companies, Electric Utilities, Electrical Insulators Manufacturing Companies, Government and Power Research Organizations, Power Grid Infrastructure Companies, State and National Regulatory Authorities and Others