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North America Electric Insulators Market
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North America Electric Insulators Market Size
North America Electric Insulators Market was valued at USD 793.1 million in 2023 and is estimated to register more than 5.1% CAGR between 2024 and 2032. Increasing electricity demand, efforts to modernize the grid, and initiatives by authorities to develop reliable infrastructure and reduce power interruptions are driving industry growth.
To get key market trends
Favorable government policies and growing investments for the expansion of power networks are augmenting the industry landscape. For instance, in August 2024, the U.S. Department of Energy has initiated a significant grid enhancement program, investing USD 2.2 billion across 18 states, aiming to fortify the electrical infrastructure against climate-related challenges. Key objectives include upgrading over 100 miles transmission systems, integrating renewable energy sources and expand capacity.
North America Electric Insulators Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2023 |
| Market Size in 2023 | USD 793.1 million |
| Forecast Period 2024 to 2032 CAGR | 5.1% |
| Market Size in 2032 | USD 1.2 Billion |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
North America Electric Insulators Market Trends
North America electric insulators industry is poised for growth due to rising electricity demand and the expansion of transmission and distribution grid networks. Respective authorities have introduced initiatives to improve electrical infrastructure in regions susceptible to extreme weather conditions are expected to boost product deployment. The supportive policies for the expansion of transmission networks will contribute to the market's development. Furthermore, increasing deployment of smart grids, investments in strengthening power grid infrastructure and rising demand for energy-efficient units and the replacement of traditional components will augment industry landscape.
North America Electric Insulators Market Analysis
Learn more about the key segments shaping this market
Composite segment is set to grow over USD 650 million through 2032. The increasing adoption of advanced insulator materials and the ongoing replacement of electrical components in transmission and distribution networks are enhancing the composite insulator market. Continuous expansion and modernization of transmission infrastructure, along with efforts to reduce power interruptions, are further shaping the composite insulators industry outlook.
North America high-voltage electric insulators market is anticipated to grow on account of increasing investments in refurbishing and developing high-voltage electrical infrastructure. Favorable government policies aimed at strengthening the power grid coupled with substantial investments by utilities in expanding high-capacity energy transmission networks, enabling long-distance electrical signal transmission will complementing the industry landscape.
Learn more about the key segments shaping this market
Electric insulators in cables transmission lines are anticipated to witness a CAGR of over 4% through 2032. Increased electricity demand along with government support for expansion of grid infrastructure and need for high-capacity transmission lines will complement the industry outlook. These units ensure reliable operation, effectively prevent leakage current, enhance the overall performance of transmission lines and offer environmental resistance, further accelerating product deployment. Ongoing shift towards development of advanced electrical networks, coupled with focus on upgrading aging grid infrastructure will positively influence the industry dynamics.
Looking for region specific data?
U.S. electric insulators market is set to cross over USD 850 million by 2032. Increased power generation capacity, along with rising demand for reliable electricity and favorable policies to encourage the expansion of power generation capacities will complement the industry landscape. Accelerating expenditure and investments for development of existing grid networks, and expansion of energy grid networks across remote regions, will positively influencing the industry growth.
North America Electric Insulators Market Share
Major manufacturers in the North America electric insulator industry are actively enhancing their market position through strategic partnerships, alliances, and mergers and acquisitions. These initiatives enable companies to expand their product portfolios, extend their geographical reach, and access new customer segments. Growing partnerships and acquisitions allow firms to combine their strengths and resources, foster innovation, and offer comprehensive solutions to a broader customer base across the industry.
North America Electric Insulators Market Companies
Major players operating across the industry include:
- Gamma Insulator
- Hitachi Energy
- Hubbell
- KUVAG
- Lapp Insulators US
- Maclean Power Systems
- MAR-BAL
- Meister International
- Newell Porcelain
- NGK Insulators
- Peak Demand
- PPC Austria Holding
- Pfisterer Holding
- Sediver
- Siemens Energy
- TE Connectivity
- The Gund Company
- Victor Insulators
North America Electric Insulators Industry News
- In August 2023, Maclean Power Systems introduced its new Gen 2 family of 1.75 Post Insulators, expanding the company's line post product range. This addition aims to improve operational efficiency in power distribution systems. The Gen 2 Seal protection system features a design with multiple compression seals positioned in both radial and axial directions. This configuration is intended to enhance the product's durability, sealing effectiveness, and electrical performance capabilities.
- In February 2023, Mar-Bal recently introduced Slim Line insulators for low and medium voltage applications. These insulators feature a compact design that facilitates easier installation while maintaining electrical performance. They are suitable for applications with limited space and can replace porcelain and epoxy insulators in various scenarios. Mar-Bal aims to offer the complete NEMA line, addressing the lead time issues often associated with porcelain and ceramic insulators.
This North America electric insulators market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032 for the following segments:
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:
- U.S.
- Canada
- Mexico
Frequently Asked Question(FAQ) :
Who are the major key players in the North America electric insulators market?
Major key players operating in the industry include Gamma Insulator, Hitachi Energy, Hubbell, KUVAG, Lapp Insulators US, Maclean Power Systems, MAR-BAL, Meister International, Newell Porcelain, NGK Insulators, Peak Demand, PPC Austria Holding, Pfisterer Holding, Sediver, Siemens Energy, TE Connectivity, The Gund Company, and Victor Insulators.
What is the forecasted value of the U.S. electric insulators market by 2032?
The U.S. market for electric insulators is set to cross over USD 850 million by 2032, owing to increased power generation capacity and rising demand for reliable electricity.
What is the anticipated CAGR for electric insulators in cable transmission lines through 2032?
Electric insulators in cable transmission lines is expected to grow at a CAGR of over 4% through 2032, led by rising electricity demand, government support for grid expansion, and the need for high-capacity transmission lines.
What was the value of the North America electric insulators market?
The North America market for electric insulators was reached USD 793.1 million in 2023 and is set to register at a CAGR of 5.1% from 2024 to 2032, propelled by rising electricity demand, grid modernization efforts, and infrastructure development to reduce power interruptions.
How will composite insulator bolster the demand for electric insulators in North America?
The composite segment is expected to surpass USD 650 million by 2032, driven by the growing use of advanced insulator materials and the replacement of electrical components in transmission and distribution networks.
