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Europe Electric Insulators Market Size

Report ID: GMI10905
Published Date: Nov 2024
Report Format: PDF

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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.

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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.

Europe Electric Insulators Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Electric Insulators 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:	Ongoing development of smart grid and refurbishment of existing electricity networks Rising investment for development of grid networks and increasing electricity demand
Pitfalls & Challenges:	Fluctuating raw material cost

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Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of Europe electric insulators was worth about USD 956.8 million in 2023 and is expected to grow at a 4.8% CAGR through 2032, supported by rising electricity demand, enhanced safety measures, and greater investments in electric infrastructure development.

Europe electric insulators market from the cables and transmission lines segment will record over 3.5% CAGR through 2032, as the rising demand for electricity fuels the adoption of advanced high and medium voltage power transmission networks.

Germany electric insulators market will surpass USD 200 million by 2032, supported by rising renewable energy use, the adoption of smart grids, and supportive policies for power infrastructure development.

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, and TE Connectivity.