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Asia Pacific Electric Insulators Market Trends

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

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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.

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.