Low Voltage Electric Insulators Market Share

Low Voltage Electric Insulators Market Share

The low voltage electric insulator market is highly fragmented owing to the presence of numerous industry players. Key companies operating in the market are General Electric, Siemens Energy, Lapp Insulators GmbH and Hitachi Energy Ltd. accounted for majority of the market share in the year 2023. Various companies are aiming for partnerships to enhance their geographical expansion and is anticipated to intensify the market competition over the forecast timeframe. For instance, in September 2022, MacLean Power Systems, an American electric utility equipment manufacturer, signed a pivotal supply partnership with Global Insulator Group, a European-based glass insulator producer situated in Estonia. This collaboration positions MacLean Power Systems as the exclusive provider in North America offering both glass and polymer insulation solutions.
 

Low Voltage Electric Insulators Market Companies

Major players in the low voltage electric insulators market are ramping up their strategic activities, leveraging partnerships, expanding facilities, and engaging in mergers and acquisitions. These proactive measures are designed to strengthen their foothold in the market and drive industry growth by pioneering advanced and innovative technologies. This dynamic landscape is characterized by leading companies that are continually innovating and collaborating to shape the future of the electric insulators industry. Key players in the industry include:

• General Electric
• Siemens Energy
• Lapp Insulators GmbH
• Sevedier
• GIPRO GmbH
• Olectra Greentech Limited
• TE Connectivity
• Hitachi Energy Ltd.
• PFISTERER Holding AG
• Hubbell
• Gamma Insulators
• Newell Porcelain
• Peak Demand Inc.
• INAEL Electrical Systems
• Deccan Enterprises Private Limited
• Taporel Electrical Insulation Technology Co., Ltd.
• CYG Insulator Co., Ltd.
• Izoelektro
• Meister International
• Elsewedy Electric