Asia Pacific High Voltage Electric Insulators Market – By Material (Ceramic/Porcelain, Glass, Composite), By Application (Cables & Transmission Lines, Switchgears, Transformers, Bus Bars), End-Use, By Rating & Forecast, 2024 – 2032

Asia Pacific High Voltage Electric Insulators Market Size

Asia Pacific High Voltage Electric Insulators Market was evaluated at above USD 901.9 million in 2023 and is set to observe a CAGR of 6.2% through 2032. Rising demand for electricity coupled with accelerated investments and expenditure for the development of high voltage transmission networks for reliable grid operations is set to complement the business landscape.
 

For instance, in January 2024, in India, to meet Pune's growing electrical needs, the Maharashtra State electrical Distribution Company Limited (MSEDCL) has proposed to build three 132 KV and fourteen 220 KV ultra-high voltage substations across 18 different places by 2050. Moreover, rising population, urbanization and industrialization has led to increased demand for sustainable electrical networks which further has increased the product demand.
 

Asia Pacific High Voltage Electric Insulators Market Trends

The industry is set to grow owing to flourishing investment and expenditures for the expansion and development of new transmission networks across developing nations to cater to the rising electricity demand across various applications. For instance, in April 2023, Japanese government planned to increase its renewable energy use by 50% by 2050, requiring a USD 50 billion investment. A cross-regional power transmission system will be developed for efficient use of renewables, with primary regions for energy generation are Tohoku and Hokkaido. Rising power generation capacities, increasing need for reliable and enhanced electrical infrastructure and adoption of smart grid systems has positively influenced the high voltage electric insulator business outlook.
 

Asia Pacific High Voltage Electric Insulators Market Analysis

Composite insulator market is set to reach over USD 690 million by 2032. Rising adoption of energy efficient and reliable insulator units along with ongoing replacement of prevailing electric components across the transmission networks for smooth operations will augment the industry landscape. Favorable initiatives by the respective authorities for the development and expansion of existing transmission infrastructure and continuous efforts for modernization of grid for reducing power interruptions is set to positively influence the high voltage composite insulator industry outlook.
 

Cables and transmission lines segment is set to witness a CAGR of over 5% through 2032. Shifting focus on integration of advanced high and ultra-high voltage electrical transmission networks to cater to the rising electricity demand is set to proliferate the industry outlook. Significant initiatives the respective governments for expansion and development of grid infrastructure, supporting energy efficient renewable networks will further complement the business landscape.
 

Commercial and industrial segment is set to grow owing to rapidly growing population, urbanization and accelerating investment for the development of infrastructure. Favorable regulations for energy efficiency along with increasing inclination toward establishment if wide ranging frequency transmission links catering to the power demand across various industrial processes and commercial operations will favor the industry outlook.
 

China high voltage electric insulators market is set to grow over USD 460 million by 2032. Shifting focus on adoption of renewables, adoption of smart grid and flourishing investments for the development of high voltage power infrastructure has positively impacted the business landscape. For instance, in January 2024, China State Grid Corp. announced to invest USD 70 billion (CNY 500 billion) for construction of grid networks and development of ultra-high voltage transmission lines for providing power supply stability and increase use of renewable energy. Moreover, integration of clean energy generation that requires high voltage electric insulation and initiatives toward modernization of prevailing transmission infrastructure will further augment the industry outlook.
 

Asia Pacific High Voltage Electric Insulators Market Share

Major manufacturers operating across the Asia Pacific high voltage electric insulators industry are focusing on mergers & acquisitions, joint ventures, and strategic partnerships to strengthen their competitive market share. Key players including Siemens Energy, Aditya Birla Insulators, Hitachi Energy Ltd., Olectra Greentech, DECCAN ENTERPRISES PRIVATE LIMITED among other, holds majority of the market share across the industry.
 

Asia Pacific High Voltage Electric Insulators Market Companies

Key players operating across the market comprising of:

• Aditya Birla Insulators
• CYG Insulator Co., Ltd.
• Dalian Insulator Group T&D Co., Ltd.
• DECCAN ENTERPRISES PRIVATE LIMITED
• Dow
• Hitachi Energy Ltd.
• Hubbell
• Modern Insulators Ltd.
• NGK INSULATORS, LTD.
• Olectra Greentech Limited
• PFISTERER Holding SE
• PPC Austria Holding GmbH
• SAA Grid Technology Co., Ltd.
• Sediver
• Siemens Energy
• ZheJiang Smico Electric Power Equipment Co.,Ltd.
   

Asia Pacific High Voltage Electric Insulators Industry News

• In February 2023, China State Grid ultra-high voltage expert group visited CYG Insulator Co., Ltd., to inspect the insulator supply for Zhumadian-Wuhan UHV transmission project line. After winning the bid, the company studied technical specifications and conducted special training for personnel. Under new partnership, CYG Insulator aims to accelerate technological progress, manage quality, and provide quality products and services.
   
• In December 2022, Deccan Enterprises Private limited came into an agreement with KUVAG Group as a joint venture to form a company. This newly formed company has established an enhanced technological manufacturing facility in Hyderabad, India, for production, design and sales of composite insulators. Within the industry, KUVAG has established benchmarks for performance, quality, and dependability with its SIMOTEC brand of composite hollow core insulators. The company will benefit from over 100 years of design and production experience of the JV partners.
   

The Asia Pacific high voltage 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:

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Market, By Material

• Ceramic/porcelain
• Glass
• Composite

Market, By Application

• Cables & transmission lines
• Switchgears
• Transformers
• Bus bars
• Others

Market, By End-Use

• Commercial & industrial
• Utilities

Market, By Rating

• > 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 countries:

• China
• Japan
• India
• South Korea
• Australia