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Electric Insulators Market Trends

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

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Electric Insulators Market Trends

The electric insulators industry is set to expand driven by ongoing renovation of existing infrastructure, rising electricity demand and growing investments for transmission network expansion. Governments are taking steps to upgrade electrical infrastructure, especially in areas prone to severe weather events like hurricanes and wildfires, which can impact traditional insulator performance, further accelerating the demand for advanced insulator technologies.

Favorable government policies supporting the development of electrical networks to boost power generation from renewable sources are contributing to industry growth.

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.