About Industrial Insulators
The industrial insulators are defined as the materials or combination of material which can retard the flow of heat energy by conserving the energy, controlling the surface temperatures for protection and comfort, increasing the operating efficiency of heating, cooling, ventilation. It also assists in the mechanical systems in meeting the process in food and cosmetic plants. The industrial is widely used in various industries which provides the above benefits in industrial processes. They help in the reduction of emissions of pollutants to the atmosphere as well.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Industrial Insulators market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Insulators Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. 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), LAPP Insulators Group (Germany), Siemens (Germany), Aditya Birla Insulators (India), SEVES Group (France), MacLean-Fogg (United States), NGK Insulators, Ltd. (Japan), ELANTAS GmbH (Germany) and Johns Manville (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Armacell (Luxembourg).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Insulators market by Type (Ceramic Insulators, Fiber Glass Insulators, Composite Insulators and Others), Application (Transformers, Cables and Transmission Lines, Switchgears, Surge Protection Devices and Others) and Region.
On the basis of geography, the market of Industrial Insulators 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). If we see Market by Industry Verticals, the sub-segment i.e. Power Generation Industry will boost the Industrial Insulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Store will boost the Industrial Insulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Industrial Insulators in the Power Generation Industry and Emerging Use of Industrial Insulators due to Adoption of Renewable Power Across the World
Market Growth Drivers:
The increasing demand for insulation systems in the industrial market for reducing and stabilizing the surface temperature of piping equipment used in industries and the need for a safer level process reducing the injuries to workers. It also prevents condensation and subsequent corrosion on the cold surface
Challenges:
Stiff Competition Between the Players
Restraints:
Complexities Involved with Cleaning and Maintenance of Industrial Insulators and Use of Various Types of Industrial Insulators Might Impact Environment Adversely
Opportunities:
Rising Electrical Industry in the Developing Economies will Boost the Industrial Insulator Market and Technological Advancements in Industrial Insulators
Market Leaders and their expansionary development strategies
In March 2023, Installed Building Products, Inc., an industry-leading installer of insulation and complementary building products, announced the acquisition of Anchor Insulation Co., Inc. (“Anchor Insulation”). Established in 1980, Anchor Insulation is headquartered in Pawtucket, Rhode Island and primarily installs residential, mechanical and industrial insulation. Anchor Insulation serves residential, commercial and industrial customers across the Northeast from branches in Rhode Island, Connecticut, and Massachusetts.
In November 2019, John Manville (JM) announced its acquisition of ITW Insulations Systems with a parent company Illinois Tool Works, Inc. known for its industry premium, low-temperature insulation solutions. This acquisition will create strategic opportunities to offer expanded insulation solutions to the industrial market. This acquisition will give the company a greater versatility and well-rounded portfolio of insulation solutions.
"The International Agency for Research on Cancer (IARC), the US National Toxicology Program (NTP) and the California Office of Environmental Health Hazard and Assessment have all stated that fiberglass and mineral wool thermal and acoustic insulations are not considered classifiable as carcinogens."
Key Target Audience
Industrial Insulators Manufacturers, Industrial Insulators Distributors and Suppliers, Industrial Insulators International Traders, Research and Development Institutes, Regulatory Bodies, Upstream and Downstream Buyers, Potential Investors 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.