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

Electric Insulators Market Trends

Report ID: GMI1272
Published Date: Jun 2023
Report Format: PDF

Download Free Sample

Electric Insulators Market Trends

The electric insulators market is likely to experience substantial growth due to their strong sustainability and cost-effectiveness. These units play a crucial role in ensuring the delivery of reliable, clean, and affordable power across transmission and distribution electrical networks. Respective governments are taking new initiatives to enhance electrical infrastructure, especially in regions prone to extreme weather events like hurricanes, freezing conditions, and wildfires, which often impact the reliability of traditional insulators and will fuel the demand for advanced technological units.

For instance, in January 2023, the United States government unveiled a substantial investment of USD 2.7 billion to facilitate the modernization and expansion of the rural electric grid and strengthen grid security measures. The investment will be allocated to 64 electric cooperatives and utilities nationwide with an objective to bring enduring advantages to rural communities, businesses, and individuals, fostering electric insulators market development in these areas.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of electric insulators exceeded USD 5.5 billion in 2023 and will record over 6% CAGR from 2024 to 2032, says this GMI report.

Composite electric insulators market size will showcase 6.5% growth up to 2032 on account of rapid expansions in the grid networks coupled with a positive outlook to minimize the transmission & distribution losses.

Asia Pacific market for electric insulators is estimated to cross USD 4.6 billion by 2032 owing to various parameters including rapid population growth, increased power generation capacity, rising demand for efficient, and reliable electricity in emerging countries, among others.

ABB, General Electric, LAPP Insulators GmbH, GIPRO GmbH, Olectra Greentech Limited, Hitachi Energy Ltd., Gamma Insulators, INAEL Electrical Systems, Izoelektro, PFISTERER Holding AG, CYG Insulator Co, Ltd., Taporel Electrical Insulation Technology Co., Ltd., and Meister International.