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Electric Insulators Market Size

Report ID: GMI1272
Published Date: Nov 2024
Report Format: PDF

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Electric Insulators Market Size

The global electric insulators market was valued at USD 5.9 billion in 2024 and is estimated to grow at a CAGR of 5.9% from 2025 to 2034. Increased focus on safety and stability, as well as higher spending on electric infrastructure for power grids along with upgrading and replacement of existing grid networks, especially in developing countries, are contributing to industry growth. Strict government regulations aimed at developing sustainable power grids and promoting clean energy sources are expected to boost the industry landscape.

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Favorable policies and increased investments in technology and grid expansion along with investments toward strengthening T&D infrastructure will positively influence the industry outlook. For instance, in August 2024, China announced a plan to create a new electricity system supporting green development and energy security. The National Data Administration, National Energy Administration, and National Development and Reform Commission jointly released the plan, which covers nine areas from 2024 to 2027. Rising need for energy-efficient components in industrial and power generation sectors, along with the replacement of older electrical equipment will further augment the industry outlook.

Electric Insulators Market Report Attributes
Report Attribute	Details
Base Year:	2024
Electric Insulators Market Size in 2024:	USD 5.9 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	5.9%
2025 – 2034 Value Projection:	USD 10.5 Billion
Historical Data for:	2021 – 2023
No. of Pages:	110
Tables, Charts & Figures:	35
Segments covered:	Material, Voltage, Application, Product, End-Use, Rating, Installation, and Region
Growth Drivers:	Rising expenditure for development of electric infrastructure Refurbishment of existing grid networks and increasing electricity consumption Rapid adoption of smart grid systems Expansion initiatives towards sustainable power generation
Pitfalls & Challenges:	Fluctuating raw material cost

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market for electric insulators was reached USD 5.9 billion in 2024 and is estimated to grow at a 5.9% CAGR from 2025 to 2034, driven by increased investments in electric infrastructure and grid upgrades.

The composite segment is projected to reach USD 4.8 billion by 2034, due to the rising need for high-voltage transmission lines and modernization of power grids.

The cables & transmission lines segment is anticipated to witness a CAGR of over 4.5% through 2034, fueled by efforts to upgrade electrical networks and integrate high-voltage transmission systems.

The U.S. electric insulators market is predicted to hit USD 900 million by 2034, led by the adoption of renewable energy sources and smart grid technologies.

Key industry players include Aditya Birla Insulators, CYG Insulator, Deccan Enterprises, Gamma Insulators, GE Vernova, GIPRO, Hitachi Energy, Hubbell, INAEL Electrical Systems, Izoelektro, La Granja Insulators, Lapp Insulators, Maschinenfabrik Reinhausen, Meister International, Newell Porcelain, NGK Insulators, Olectra Greentech, Peak Demand, PFISTERER, PPC Austria, Sediver, Siemens Energy, Taporel Electrical Insulation Technology, and TE Connectivity.