Europe High Voltage Glass Insulators Market Size - By Application (Cables and Transmission Lines, Switchgears, Transformers, Bus Bars), By End-Use (Commercial & Industrial, Utilities), & Forecast, 2024 - 2032

Europe High Voltage Glass Insulators Market Size

Europe High Voltage Glass Insulators Market was valued at USD 100.3 million in 2023 and is anticipated to grow a CAGR of 6% from 2024 to 2032. Growing emphasis toward reliability of grid operations and stability along with flourishing investments for refurbishments and development of high voltage electricity networks is augmenting the industry landscape.
 

For instance, in March 2024, TenneT, a transmission system operator based in Netherlands planned to double grid capacity investment over the next decade, with several infrastructure projects across the nation, and has a long-term contract with Sweco for engineering support. Moreover, favorable regulatory landscape coupled with ongoing expansion of renewable energy projects has led to integration of power networks, positively influencing the industry outlook.
 

Europe High Voltage Glass Insulators Market Trends

The Europe high voltage glass insulators industry is anticipated to grow on account of increasing necessity for reliable and uninterrupted electricity supply along with rapid development of high voltage transmission networks. Favorable measures by respective authorities toward expansion and development of grid networks to cater to the rising electricity demand will boost the electric insulators industry with various material compositions. Furthermore, stringent policies by the respective governments for renewables integration, replacement of prevailing electrical components and expansion of cross border transmission networks is set to augment the industry landscape.
 

Europe High Voltage Glass Insulators Market Analysis

Cables & transmission lines segment is set to reach USD 90 million by 2032. Accelerating development of transmission lines along with flourishing investments across several nations toward expansion of grid networks will augment the product deployment. Favorable electrification policies and programs by the authorities toward connecting remote areas which require construction of transmission lines is anticipated to boost the demand for high voltage glass insulators.
 

Utilities segment is anticipated to witness over 5.5% CAGR through 2032. Ongoing retrofitting of prevailing electricity networks coupled with rapid expansion of smart grid networks will positively influence the industry outlook. Continuous advancements in technology of these insulators including introduction of sensors that play a vital role in collecting data to ensure better grid health and energy management is set to complement the business landscape. Significant renewable energy targets by the European Union together with accelerating integration of solar and wind energy across the transmission networks have increased the demand of HV glass insulators.
 

Commercial & industrial segment is set to observe substantial growth owing to ongoing investments and expenditure for the development of commercial and industrial infrastructure along with rapidly growing urbanization. Favorable measures by the regulatory authorities toward the development of electrical infrastructure to meet the increasing energy demand will sway the industry outlook. Favorable regulations pertaining to the energy efficient electrical infrastructure along with policies toward expansion of electrical networks will favor the high voltage electric insulators business landscape.
 

Russia high voltage glass insulators market is estimated to surpass USD 30 million by 2032. Increasing power generation capacities, rising need for reliable energy networks and expansion of high voltage transmission networks to enhance optimize operations will shape the industry business dynamics. Rising energy consumption across industrial and commercial sectors and integration of renewables to the energy grid will shape the business dynamics. Furthermore, increasing inclination toward power conservation, reducing transmission losses and deployment of microgrid networks is further augmenting the industry landscape.
 

Europe High Voltage Glass Insulators Market Share

Key players operating across the Europe high voltage glass insulators industry are focusing on introducing enhanced technologies, forming strategic alliances, mergers and acquisitions, agreements, collaborations, to enhance their competitive edge over the others. Companies including Hubbell, LA GRANJA INSULATORS, NGK INSULATORS, LTD., Sediver, and Dalian Hivolt Power System Co., Ltd., among other, holds majority of the market share.
 

Europe High Voltage Glass Insulators Market Companies

Major manufacturers operating across the industry consists of:

• AIZ
• Dalian Hivolt Power System Co.,Ltd.
• Hubbell
• ITG LLC
• LA GRANJA INSULATORS
• MIDSUN IKM
• NGK INSULATORS, LTD.
• PACE Networks
• Seves
• Sediver
• UMEK
• Vilrida
   

Europe High Voltage Glass Insulators Industry News

• In June 2024, Triton signed an agreement with Blackstone to sell the parent company of SEDIVER, Seves Group, provider of HV glass insulator. However, the financials terms of this agreement were not disclosed. This transaction will enable the company to meet growing demand for HV glass insulators and invest in their capacity to serve the customers.
   
• In September 2022, Global Insulator Group, Estonia based manufacturer of toughened glass insulator in came into supply agreement with MPS, a transmission manufacturer across the utility sector. This long-term agreement included the supply of glass insulators by Global Insulator Group through its manufacturing facilities across Ukraine and Russia.
   

This Europe high voltage glass 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 Application

• Cables and transmission lines
• Switchgears
• Transformers
• Bus bars
• Others

Market, By End-Use

• Commercial & industrial
• Utilities

The above information has been provided for the following countries:

• UK
• Germany
• France
• Spain
• Italy
• Russia
• Poland
• Norway
• Denmark
• Finland
• Sweden