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Utility Electric Insulators Market Size – By Material, By Voltage, By Rating, Analysis, Share, Growth Forecast, 2024 – 2032

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Utility Electric Insulators Market Size

The global utility electric insulators market size was valued at USD 3.8 billion in 2023 and is estimated to grow at a CAGR of 5.8% through 2032, fueled by the growing need of dependable and efficient electric infrastructure in order to meet the growing energy requirements of urbanization and industrialization across the globe. As countries strive to improve their power grid infrastructure to integrate renewable sources, the role of high-quality insulators used in the control systems has become more important for the reliability and efficiency of the system.

utility electric insulators market

The policies established by the governments for the construction of sustainable electrical infrastructure networks, clean energy production, and investment in grid technology are significantly influencing the industry dynamics. The growing demand for energy-efficient equipment in the electric utilities and power generation plants is further driving the market.
 

Utility Electric Insulators Market Trends

The utility electric insulators industry is undergoing major shifts due to a number of interconnected developments including growing electrical infrastructure and energy resources coupled with the rising focus on the reliability, security and efficiency of transmission & distribution systems, utilizing high endurance electric insulators. In addition, the growing use of smart grid technologies designed to enhance the grid management and monitoring will favor the business expansion. Moreover, the electrical insulators manufacturing industry is also experiencing growth as many medium and large size companies have started increasing their spending on research and development of insulators with better electrical effective property, more strength, and greater resistance to surrounding environment.
 

Utility Electric Insulators Market Analysis

Utility Electric Insulators Market Size, By Material, 2022 - 2032 (USD Billion)

Based on material, the composite insulators segment will surpass USD 2.9 billion by 2032, due to lightweight construction, superior performance in adverse conditions, enhanced safety features, and sustainability benefits. The global energy landscape continues to evolve, the demand for composite insulators is expected to grow, driven by the need for reliable, efficient, and environmentally friendly electrical infrastructure. Moreover, rapid rate of urbanization & industrialization, primarily across the developing regions, has fueled the product demand to deliver optimized performance in highly polluted environments, thereby complementing the utility electric insulators market growth.
 

Utility Electric Insulators Market Revenue Share, By Voltage, 2023

Based on voltage, medium voltage segment is projected to expand with a CAGR of over 5.5% till 2032, driven by their extensive use in various power transmission infrastructures. The modernization of the existing infrastructure to enable of transferring electricity over long distances will boost the demand for these products. Additionally, the increased competition in the electric insulators market with manufactures focusing on improving the technical characteristics and physical properties of utility electric insulators supported by the advances in design and materials will propel the expansion of utility electric insulator market.
 

U.S. Utility Electric Insulators Market Size, 2022 - 2032 (USD Million)

The U.S. utility electric insulators market size is projected to exceed USD 550 million by 2032 attributed by the expansion of renewable energy integration, growing industrial energy demand, and modernization of grid & aging infrastructures, among other parameters. In addition, various utilities are upgrading electrical equipment to integrate smart grid technologies enhancing energy efficiency, provide real-time monitoring, and support more flexible grid operations complementing the industry growth. For example, the power pole insulators refurbishment contract in July 2024 by the Ketchikan City Council to replace long-standing products and curb power outages.
 

Utility Electric Insulators Market Share

Various companies are seeking partnerships and mergers to secure their standing in the utility electric insulators industry. These collaborative initiatives enable players to share the technical expertise aiding the development of newer concepts vital for electric insulator development. Additionally, major companies are also seeking to invest in long term R&D initiatives in order to cater to the evolving requirements for the industry.
 

Utility Electric Insulators Market Companies

Key players in the electrical insulator industry are:

  • ABB
  • BHEL
  • CYG Insulator
  • Elsewedy Electric
  • Gamma Insulators
  • General Electric
  • GIPRO
  • Hitachi Energy
  • Hubbell
  • INAEL Electrical Systems
  • Izoelektro
  • LAPP Insulators
  • Newell Porcelain
  • PFISTERER
  • Seves
  • Siemens Energy
  • TE Connectivity
     

Utility Electric Insulators Industry News

  • In July 2024, PHI Industrial indicated that it intends to complete the sale of its electric utility porcelain insulator manufacturing company Insulation Technology Group (ITG), which is based in the U.S., to TJC, LP. The company targets to use the ITG electrical infrastructure facilities in the U.S., Brazil, and Europe to serve the global electric infrastructure challenges.
     
  • In November 2023, La Granja Insulators confirmed that its insulator manufacturing plant became the first in the world to obtain ISO 50001 Energy Management active certification. This achievement reinforces the company’s commitment to attain sustainability objectives through efficient use of resources.
     

The utility 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
  • Medium
  • Low

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

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Latin America
    • Brazil
    • Argentina

 

Authors: Ankit Gupta, Divyendu Sharma
Frequently Asked Question(FAQ) :
Who are the key players in the utility electric insulators industry?
Key players in the market include ABB, BHEL, CYG Insulator, Elsewedy Electric, Gamma Insulators, General Electric, GIPRO, Hitachi Energy, Hubbell, INAEL Electrical Systems, Izoelektro, LAPP Insulators, Newell Porcelain, PFISTERER, Seves, Siemens Energy, and TE Connectivity.
What is the size of the U.S. utility electric insulators market?
How big is the utility electric insulators market?
Why is the demand for composite insulators rising?
Utility Electric Insulators Market Scope
  • Utility Electric Insulators Market Size
  • Utility Electric Insulators Market Trends
  • Utility Electric Insulators Market Analysis
  • Utility Electric Insulators Market Share
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    Premium Report Details

    Base Year: 2023

    Companies covered: 17

    Tables & Figures: 32

    Countries covered: 19

    Pages: 110

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