About Electric Insulator
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
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. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electric Insulator market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are ELANTAS GmbH (Germany), WT Henley (United Kingdom), NGK Insulators (Japan), Maclean-Fogg (United States) and PFISTERER (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Electric Insulator market by Type (Ceramic Insulator, Glass Insulator and Composite Insulator), Application (Transformer, Cables & Transmission lines, Busbar, Surge Protection Device, Switchgears and Others) and Region.
On the basis of geography, the market of Electric Insulator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Voltage, the sub-segment i.e. Low will boost the Electric Insulator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Suspension will boost the Electric Insulator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Utilities will boost the Electric Insulator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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 Leaders and their expansionary development strategies
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.
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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.