Home > Energy & Power > Electrical Equipment > Electric Insulators > Asia Pacific Electric Insulators Market

Asia Pacific Electric Insulators Market Analysis

  • Report ID: GMI8615
  • Published Date: Mar 2024
  • Report Format: PDF

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.
 

Asia Pacific Electric Insulators Market Revenue Share, By Application, 2023 (%)

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 Size, 2022-2032, (USD Million)

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.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Asia Pacific market for electric insulators was reached USD 2.7 billion in 2023 and is set to grow at 6% CAGR from 2024 to 2032, due to the increasing demand for electricity, rising investments in electrical infrastructure, and the accelerated adoption of smart grid networks.

Asia Pacific composite electric insulator market is anticipated to surpass USD 2 billion by 2032, owing to their superior performance, light weight and ease of installation.

China electric insulators market is anticipated to cross USD 1.4 billion by 2032, driven by an increasing investment in power infrastructure, growing demand for electricity and the shifting focus on renewable energy.

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., and NGK Insulators, Ltd. are few electric insulator firms in APAC.

Asia Pacific Electric Insulators Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 348
  • Countries covered: 5
  • Pages: 260
 Download Free Sample