Porcelain Insulators Market size is expected to register significant growth in the duration of 2021 to 2027 owing to the growing obligation to replace the aging electrical infrastructure. The mount in the number of investments in the electrification of railway lines has paved the path for increasing penetration of smart grid technologies. Porcelain insulators are largely employed in electrical transmission & distribution systems. The rising need for consistent performance in highly rugged environments is another factor driving the market growth.
Higher adoption in salty seaside substations and severely corrosive petrochemical facilities will further add to the market growth.
With regards to type, the porcelain insulators market is segmented into breakdown type and non-breakdown type. Among these, the adoption of breakdown type porcelain insulators will see notable proceeds with the surging need for higher resistivity and dielectric strength. In addition, the rising requirement for mechanical strength along with optimum support to overhead power lines are factors likely to foster the segment proliferation.
Based on application, the low voltage porcelain insulators industry size is anticipated to grow at a considerable pace during 2021 and 2027 owing to the surging obligation for corrosion resistance and minimum leakage currents. The higher construction of residential as well as small-scale commercial facilities will also act as a prominent factor for the industry growth.
The demand for high voltage porcelain insulators is likely to witness lucrative growth driven by the scaling renewable power integration. These porcelain insulators offer superlative electrical and mechanical properties along with longer lifespans and higher stability. Owing to this, they are widely used in electric precipitators and electric power systems. The increasing need for expanding the Transmission & Distribution (T&D) infrastructures will lead to porcelain insulators market progression.
In terms of regional landscape, Asia Pacific will record substantial consumption of porcelain insulators driven by the mount in the number of rural electrification programs. For instance, in July 2019, the World Bank approved the financing worth $31.7 million for TREP (Tajikistan Rural Electrification Project) to offer electricity to vulnerable communities across Tajikistan’s remotest areas. The rapid urbanization in the region has led to the soaring demand for electricity. The rising government support towards renewable and clean energy will further enhance the industry outlook.
Regionally, the porcelain insulators market in North America will expand with the higher need for modernizing the existing grid networks. The mounting number of infrastructural investments is another impacting factor driving regional growth. As per some estimates, the local and state governments in the U.S. contributed more than USD 169 million to infrastructure projects in 2018.
Akron Porcelain & Plastics, Aditya Birla Insulators, Metsch Refractories, Meister International, National Switchgears, PPC Insulators, Yigang Precision Ceramics, Power-grid Switchgears, ZPE ZAPEL, and CJI Porcelain are some of the renowned porcelain insulators market players.
Apart from focusing on marketing growth initiatives like acquisitions and partnerships, these global suppliers of porcelain insulators are also working towards production expansions and investments to reinforce their footprint across the global markets.
For instance, in April 2018, CJI Porcelain Pvt Ltd announced its team-up with leading Spanish composite insulator manufacturer, Poinsa to expand its portfolio and growth in ceramic and silicon insulators.
The ongoing COVID-19 pandemic contributed to a terrifying setback on the global economy in line with the regulation of the social distancing norms and nationwide lockdowns to limit the spiking infection rate. The pandemic also gave rise to major isssues across the porcelain insulators industry on account of the delays in the infrastructure projects as well as the hindrances in new and retrofit project sites across both the residential and commercial arenas.