Asia Pacific Electric Insulators Market Size - By Material (Ceramic, Glass, Composite), By Voltage (High, Medium, Low), By Application (Switchgears, Transformers, Bus Bars), By Product, By End-Use, By Rating, By Installation, & Forecast, 2024 – 2032

Asia Pacific Electric Insulators Market

Asia Pacific Electric Insulators Market was valued at USD 2.7 billion in 2023 and is set to grow at a CAGR of over 6% from 2024 to 2032. Increasing demand for electricity, rising investments in electrical infrastructure, accelerated adoption of smart grid networks, will accelerate the adoption of electric insulators.
 

Ongoing efforts for grid modernization, coupled with government initiatives aimed at replacing unreliable infrastructures to minimize power interruptions, further complement the industry growth. For instance, in October 2022, the Australian government launched the Rewiring the Nation initiative to enhance accessibility & affordability of clean energy for consumers. This program involves a substantial investment of about USD 13.1 billion dedicated to modernizing the electricity grid along with implementing new & upgraded transmission infrastructure.
 

Asia Pacific Electric Insulators Market Trends

The electric insulators market for Asia Pacific have witnessed significant growth owing to increasing adoption of smart grid technology, rapidly growing population, expansion of T&D networks, and rising demand for reliable electricity across emerging nations. Introduction of favorable policies by the governments for the expansion of power generation capacities together with accelerated investments for the development of grid networks in remote regions, will boost the industry's expansion. Moreover, growing focus on to cater to the rising electricity demand is proliferating the need of advanced insulators to minimize power losses and improve the reliability of power supply further augmenting the industry landscape.
 

Asia Pacific Electric Insulators Market Analysis

The Asia Pacific composite insulator market is anticipated to surpass USD 2 billion by 2032 and will gain momentum owing to their superior performance, light weight and ease of installation. These units play a crucial role in ensuring the clean, reliable, and cost-effective power across T&D systems on account of their better mechanical strength, resistance to vandalism, and improved performance in contaminated environments.
 

Cables and transmission lines industry is set to grow at a CAGR of over 4.8% through 2032 and will gain significant momentum owing to their critical role in guaranteeing reliable operations, addressing the escalating electricity demand, and upholding power grid integrity. thereby enhancing the overall performance. Furthermore, increasing investment for power infrastructure development and growing emphasis on integrating advanced electrical networks to meet the rising energy demand will shape the industry dynamics.
 

China electric insulators market is revenue to cross USD 1.4 billion by 2032, driven by an increasing investment in power infrastructure, growing demand for electricity and shifting focus on renewable energy. Furthermore, accelerating initiatives by the utilities in expanding and modernizing power T&D infrastructure along with integrating clean energy generation requiring advanced electric insulators will further proliferate the industry outlook.
 

Asia Pacific Electric Insulators Market Share

Major manufacturers operating in the Asia Pacific electric insulators business are consolidating their market foothold through proactive engagement in strategic alliances, partnerships, as well as mergers and acquisitions. General Electric, Siemens Energy, Hitachi Energy Ltd., Aditya Birla Insulators, Olectra Greentech Limited and Deccan Enterprises Private Limited holds majority of the market share further shaping the competition dynamics.
 

Asia Pacific Electric Insulators Market Companies

Some of the leading key players operating across the industry are:

• Aditya Birla Insulators
• Adpro Pvt. Ltd.
• Asian Insulators Public Company Limited
• CYG Insulator Co., Ltd.
• Deccan Enterprises Private Limited
• GE
• Hitachi Energy Ltd.
• Modern Insulators Ltd.
• NGK Insulators, Ltd.
• Olectra Greentech Limited
• PFISTERER Holding SE
• Pioneer Pultrutech Engineering Pvt Ltd
• Prime Insulators Pvt. Ltd.
• Sediver
• Siemens Energy
• Taporel Electrical Insulation Technology Co., Ltd.
• TE Connectivity
• Wanxie Power Technology CO., LTD.
• XGCI
• ZheJiang Smico Electric Power Equipment Co., Ltd.
   

Asia Pacific Electric Insulators Industry News

• In August 2023, MacLean Power Systems unveiled the Gen 2 family of 1.75 post insulators, featuring the innovative Universal Trunnion that eliminates separate hardware, streamlining tasks and saving time. These insulators offer unmatched reliability and performance in various weather conditions and installations. The Gen 2 Seal protection offers superior performance, sealing capabilities, and electrical properties.
   
• In December 2022, DECCAN Enterprises Private Limited and KUVAG GmbH & Co KG, formed an agreement to establish a joint venture entity. This collaboration aims to establish advanced manufacturing facility in Hyderabad, India, for the production, design, and commercialization of composite hollow core insulators. The venture, establish a manufacturing presence across the country, enabling the JV company to effectively cater to the customers with high-quality products.
   

This Asia Pacific electric insulators market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue “USD Million” from 2019 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Material

• Ceramic/porcelain
• Glass
• Composite

Market, By Voltage

• High voltage
• Medium voltage
• Low voltage

Market, By Application

• Cables and transmission lines
• Switchgears
• Transformer
• Bus bars
• Others

Market, By Product

• Pin insulators
• Suspension insulators
• Shackle insulators
• Other insulators

Market, By End-Use

• Residential
• Commercial & industrial
• Utilities

Market, By Rating

• ≤ 11 kV
• > 11 kV to ≤ 22 kV
• > 22 kV to ≤ 33 kV
• > 33 kV to ≤ 72.5 kV
• > 72.5 kV to ≤ 145 kV
• > 145 kV to ≤ 220 kV
• > 220 kV to ≤ 400 kV
• > 400 kV to ≤ 800 kV
• > 800 kV to ≤ 1,200 kV
• > 1,200 kV

Market, By Installation

• Distribution
• Transmission
• Substation
• Railways
• Others

The above information has been provided for the following countries:

• China
• Japan
• India
• South Korea
• Australia