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Asia Pacific Electric Insulators Market Size – By Material, By Voltage, By Application, By Product, By End Use, By Rating, By Installation, Analysis, Share, Growth Forecast, 2025 - 2034

  • Report ID: GMI8615
  • Published Date: Nov 2024
  • Report Format: PDF

Asia Pacific Electric Insulators Market Size

Asia Pacific Electric Insulators Market was valued at USD 2.9 billion in 2024 and is projected to observe a growth rate of 5.8% from 2025 to 2034. Growing demand for electricity, increased investments in electrical infrastructure, coupled with the rapid implementation of smart grid networks will augment the industry landscape. Moreover, favorable measures by the authorities with an aim to minimize power interruptions and enhance overall electrical system reliability will positively influence the business dynamics.
 

Asia Pacific Electric Insulators Market

Flourishing investments for the expansion transmission and distribution networks along with beneficial policies toward deployment of renewable networks across remote areas will stimulate the industry outlook. For instance, The Indian government has introduced a comprehensive investment of USD 1.09 billion to modernize the country's power system and enhance renewables. The National Electricity Plan 2023-2032 aims to expand transmission capabilities to meet projected demand. It sets targets for network growth and transformation capacity, while also addressing renewable energy integration.
 

Asia Pacific Electric Insulators Market Trends

The Asia Pacific electric insulators industry has experienced substantial growth owing to the increasing adoption of smart grid technology, rapid population growth, rising demand for reliable electricity, and expansion of transmission and distribution (T&D) networks across the emerging nations. Government policies favoring the expansion of power generation capacities, coupled with increased investments in grid network development across remote regions, are driving the industry growth. Furthermore, increasing need for advanced insulators to minimize power losses and improve power supply reliability, will further augment the industry landscape.
 

Asia Pacific Electric Insulators Market Analysis

Asia Pacific Electric Insulators Market Size, By Material, 2022 - 2034 (USD Billion)

The composite segment is anticipated to cross USD 2.3 billion by 2034. Rising demand for insulators units which enhance the reliability and cost-effectiveness of power transmission and distribution systems will accelerate the demand for composite insulators. These units play a crucial role in ensuring clean, reliable, and cost-effective power across transmission and distribution systems offering better mechanical strength, resistance to vandalism, and improved performance in contaminated environments. Government efforts to upgrade electrical infrastructure in harsh climate zones coupled with the expansion of smart grids and increased investment in power infrastructure are also contributing to Asia Pacific composite insulator industry growth.
 

Asia Pacific Electric Insulators Market Revenue Share, By Application, 2024

The cables & transmission lines segment is anticipated to witness a CAGR of over 4.5% trough 2034. Increased investments for power infrastructure development across the region along with shifting focus on incorporating advanced electrical systems to meet rising energy requirements are complementing the industry growth. Rising need for energy-efficient components in industrial and power generation sectors, along with the replacement of older electrical equipment to ensure reliable power transmission and distribution, will positively influence the business dynamics.
 

China Electric Insulators Market Size, 2022 - 2034 (USD Million)

China electric insulators market is likely to exceed USD 1.4 billion by 2034. Increasing investments in power infrastructure, rising electricity demand, and paradigm shift towards renewable energy sources is complementing the industry landscape. Initiatives by the utilities to expand and modernize power T&D infrastructure along with the integration of clean energy generation requires advanced electric insulators, further contributing to the industry growth. For instance, in June 2024, State Grid China has begun work on a major electricity transmission project which will stretch 2,370 km from Gansu to Zhejiang, crossing four provinces. This USD 4.86 billion investment aims to move 36 billion kWh of power annually from the western regions to the highly developed energy-intensive eastern provinces.
 

Asia Pacific Electric Insulators Market Share

Asia Pacific Electric Insulators Company Market Share Analysis, 2024

Leading manufacturers in the Asia Pacific electric insulators sector are reinforcing their industry presence through active participation in strategic collaborations, joint ventures, and corporate acquisitions. Firms like GE Vernova, Hitachi Energy, Siemens Energy, Aditya Birla Insulators, Deccan Enterprises, and PFISTERER holds majority of the market share, thereby shaping the industry dynamics.
 

Asia Pacific Electric Insulators Market Companies

Major players operating across the industry include:

  • Adpro
  • Aditya Birla Insulators
  • Asian Insulators
  • CYG Insulator
  • Deccan Enterprises
  • GE Vernova
  • Hitachi Energy
  • Modern Insulators
  • NGK Insulators
  • Olectra Greentech
  • PFISTERER
  • Pioneer Pultrutech Engineering
  • Prime Insulators
  • Sediver
  • Siemens Energy
  • Smico Electric Power Equipment
  • Taporel Electrical Insulation Technology
  • TE Connectivity
  • Wanxie Power Technology
  • XGCI
     

Asia Pacific Electric Insulators Industry News

  • In August 2023, MacLean Power Systems presented an addition to its Gen 2 family of 1.75 post insulators. This new line incorporates the Universal Trunnion, a design innovation that does away with separate hardware components. This advancement simplifies installation procedures and reduces time requirements. The Gen 2 series demonstrates robust performance and dependability across a range of weather conditions and installation scenarios.
     
  • In February 2023, State Grid UHV experts visited CYG Insulator to check insulator supplies for the Zhumadian-Wuhan UHV transmission line, to review processes, data, and samples. The group noted CYG's efforts to meet project requirements after winning the bid. The company focused on all aspects, including people, equipment, materials, methods, and work environment. CYG had studied specifications and trained staff in various departments to ensure smooth delivery of composite insulators for the project.
     

The Asia Pacific electric insulators market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:

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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:

  • China
  • Australia
  • India
  • Japan
  • South Korea

 

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Asia Pacific market for electric insulators was reached USD 2.7 billion in 2023 and is set to grow at 6% CAGR from 2024 to 2032, due to the increasing demand for electricity, rising investments in electrical infrastructure, and the accelerated adoption of smart grid networks.

Asia Pacific composite electric insulator market is anticipated to surpass USD 2 billion by 2032, owing to their superior performance, light weight and ease of installation.

China electric insulators market is anticipated to cross USD 1.4 billion by 2032, driven by an increasing investment in power infrastructure, growing demand for electricity and the shifting focus on renewable energy.

Aditya Birla Insulators, Adpro Pvt. Ltd., Asian Insulators Public Company Limited, CYG Insulator Co., Ltd., Deccan Enterprises Private Limited, GE, Hitachi Energy Ltd., Modern Insulators Ltd., and NGK Insulators, Ltd. are few electric insulator firms in APAC.

Asia Pacific Electric Insulators Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 35
  • Countries covered: 5
  • Pages: 110
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