Home > Industrial Machinery > Industrial Equipment > Asia Pacific Porcelain Insulators Market

Asia Pacific Porcelain Insulators Market Trends

Report ID: GMI11510
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Asia Pacific Porcelain Insulators Market Trends

Asia Pacific porcelain insulators industry is anticipated to grow driven by a surging demand for stable electricity and the rapid growth of transmission and distribution networks. Respective authorities are proactively aiming for adoption of smart grid, along with favorable policies toward expansion of transmission networks is set to reshape the industry landscape.

For instance, in August 2024, the National Committee on Transmission convened and endorsed six interstate transmission system (ISTS) schemes. These projects, with a projected outlay of around USD 1.19 billion, are set to be executed under the tariff-based competitive bidding mechanism. Furthermore, government backing, upgrades to current electrical components, and the expanding cross-border transmission networks will positively influence the business dynamics.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size for porcelain insulators in Asia Pacific reached USD 1.1 billion in 2023 and is set to grow at a 4.7% CAGR from 2024 to 2032, led by rising electricity demand owing to rapidly increasing population and urbanization along with shifting focus toward upgradation of electrical networks

The utilities segment is anticipated to witness over 4.5% CAGR through 2032, due to government-backed initiatives, flourishing investments in utility-based electrification systems and developing grid infrastructure

China market is set to exceed USD 435 million by 2032, led by electricity demand from various sectors, development of cross border electrical networks and increasing adoption of advanced technological components

Aditya Birla, Dalian Insulator, Hubbell, Jiangxi Johnson, Neptune, Newell, NGK, NS Transmission, and Power-Grid.