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Asia Pacific High Voltage Electric Insulators Market Trends

Report ID: GMI10015
Published Date: Jun 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Asia Pacific high voltage electric insulators market size exceeded USD 901.9 million in 2023 and is set to observe 6.2%CAGR over 2024-2032, attributed to the rising investment and expenditure for development of high voltage electric networks.

Composite insulator segment in the Asia Pacific high voltage electric insulators market will cross USD 690 million by 2032, owing to the rising adoption of energy efficient and reliable insulator units.

China high voltage electric insulators market is set to exceed USD 460 million by 2032 backed by the shifting focus on adoption of renewables and smart grid.

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., and Olectra Greentech Limited among others.