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Asia Pacific Electric Insulators Market Size

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

 

Asia Pacific Electric Insulators Market

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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 Report Attributes
Report Attribute Details
Base Year:2023
Asia Pacific Electric Insulators Market Size in 2023:USD 2.7 Billion
Forecast Period:2024 - 2032
Forecast Period 2024 - 2032 CAGR:6%
2032 Value Projection:USD 4.6 Billion
Historical Data for:2019 to 2023
No. of Pages:260
Tables, Charts & Figures:348
Segments covered:Material, Voltage, Application, Product, Rating, Installation, and Country
Growth Drivers:
  • Expansion of smart grid networks
  • Rising peak load demand
  • Increasing electricity demand
  • Integration of a sustainable electrical infrastructure
Pitfalls & Challenges:
  • Slow paced technological evolution across developing regions
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Asia Pacific Electric Insulators Market Trends

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

  • Asia Pacific Electric Insulators Market Size
  • Asia Pacific Electric Insulators Market Trends
  • Asia Pacific Electric Insulators Market Analysis
  • Asia Pacific Electric Insulators Market Share

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    Premium Report Details

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