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Europe Electric Insulators Market Size
Europe Electric Insulators Market was valued at USD 956.8 million in 2023 and is anticipated to witness more than 4.8% CAGR between 2024 and 2032. Rising electricity demand, increasing safety measures and increased investments in electric infrastructure development will drive the industry growth.
Supportive government policies promoting electrical network development and boosting renewable power generation will further complement the industry landscape. For instance, in November 2023, the European Commission unveiled an action plan aimed at boosting the efficiency, deployment, and improving electricity grids. This initiative builds upon current supportive legislation, tackling challenges of digitizing and optimizing the EU's electricity T&D networks.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 956.8 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.8% |
| 2032 Value Projection: | USD 1.4 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 75 |
| Tables, Charts & Figures: | 15 |
| Segments covered: | Material, Voltage, Application, Product, End-Use, Rating, Installation and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Europe Electric Insulators Market Trends
Europe electric insulators industry is set to grow owing to growing demand for a stable and consistent electricity supply, coupled with the rapid deployment of transmission and distribution networks. Proactive measures by the respective authorities to expand grid networks in response to surging electricity demand will complement the industry landscape. Moreover, favorable government policies promoting renewable integration, updating existing electrical components, and expanding cross-border transmission networks will further shape and the business dynamics.
Europe Electric Insulators Market Analysis
Composite insulator market is set to grow over USD 600 million by 2032. Rising adoption of advanced insulator materials and ongoing replacement of electric components across transmission & distribution electrical networks to enhance operations will complement the business landscape. Furthermore, the continuous expansion and modernization of transmission infrastructure, coupled with efforts to reduce power interruptions, will augment shape the landscape of the composite insulator industry outlook.
High-voltage electric insulators market across Europe is set to grow on account of accelerating investments in refurbishing and developing high-voltage electrical infrastructure, coupled with supportive policies from authorities to strengthen the grid. Furthermore, utilities have significantly invested in expanding high-capacity energy transmission networks, facilitating the long-distance transmission of electrical signals which in turn, will boost the product demand.
Cables and transmission lines segment is anticipated to register about 3.5% CAGR through 2032. Growing inclination toward integration of advanced high and medium voltage power transmission networks to meet the surging electricity demand is set to proliferate the industry outlook. Government initiatives aimed at expanding grid infrastructure and expanding energy-efficient renewable networks will enhance the business landscape. Ongoing integration toward renewables and the adoption of smart grids, flourishing clean energy generation, combined with efforts to modernize existing transmission infrastructure have positively influenced the industry dynamics.
Germany electric insulators market likely to exceed over USD 200 million by 2032. Increasing emphasis on renewable energy adoption, ongoing adoption of smart grids, and favorable policies by respective authorities for the development of power infrastructure have complemented the business landscape. Moreover, growing inclination toward clean energy generation, and ongoing efforts to modernize existing transmission infrastructure will further augment the industry outlook.
Europe Electric Insulators Market Share
Leading players in the Europe electric insulators industry are focusing on launching advanced technologies, forming strategic partnerships, and boosting their manufacturing capacities to enhance their market positions. These initiatives allow the companies to introduce innovative products, leverage resources, and expand their competitive edge over the others. Through joint R&D ventures, strategic alliances, and acquisitions, these firms are not only augmenting their capabilities but also reinforcing their market presence.
Europe Electric Insulators Market Companies
Key players operating across the industry comprising of:
- Eren Elektrik Sanayi ve Ticaret A.?.
- General Electric
- GIPRO GmbH
- Hitachi Energy Ltd.
- INAEL Electrical Systems
- Izoelektro
- LA GRANJA INSULATORS
- LAPP Insulators GmbH
- Maschinenfabrik Reinhausen GmbH
- NGK INSULATORS, LTD.
- PFISTERER Holding AG
- POINSA
- PPC Austria Holding GmbH
- Sediver
- Siemens Energy
- TE Connectivity
Europe Electric Insulators Industry News
- In November 2023, La Granja Insulators' manufacturing plant became the world's first insulator facility to achieve the ISO 50001 Energy Management certification. This achievement underscores our unwavering commitment to sustainability and prudent energy management. Confronted with the challenges of climate change and the imperative for sustainable solutions, we are steadfast in our mission to deliver top-tier glass insulators that cater to our customers' electrical infrastructure demands, all while honoring our commitment to the environment.
- In August 2023, MPS unveiled our latest innovation: the Gen 2 family of 1.75 Post Insulators. This enhanced addition elevates the company’s line of post insulator products, comprising the Gen 2 Seal protection system features multiple compression seals, both radially and axially, delivering unmatched performance. With its multi-layered defense, the insulator core is thoroughly safeguarded and is opted for Gen 2 Seal and experience unparalleled peace of mind and performance.
This Europe 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 Voltage
- High
- Medium
- Low
Market, By Application
- Cables & transmission lines
- Switchgears
- Transformers
- Bus bars
- Others
Market, By Product
- Pin insulators
- Suspension insulators
- Shackle insulators
- Other insulators
Market, By End-Use
- Residential
- Commercial & industrial
- Utilities
Market, By Rating
- ≤ 11 kV
- > 11 kV to ≤ 22 kV
- > 22 kV to ≤ 33 kV
- > 33 kV to ≤ 72.5 kV
- > 72.5 kV to ≤ 145 kV
- > 145 kV to ≤ 220 kV
- > 220 kV to ≤ 400 kV
- > 400 kV to ≤ 800 kV
- > 800 kV to ≤ 1,200 kV
- > 1,200 kV
Market, By Installation
- Distribution
- Transmission
- Substation
- Railways
- Others
The above information has been provided for the following countries:
- UK
- Germany
- France
- Spain
- Italy
- Russia
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