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India Electric Insulators Market Share
Major companies operating across the India electric insulators industry are aiming toward introducing new and enhanced technologies, making strategic collaborations and expanding their manufacturing capabilities to strengthen their competitive market share. These initiatives enable firms to leverage resources, promote cutting-edge products, and enhance competitiveness. Joint R&D efforts, alliances, and acquisitions help companies acquire new capabilities, consolidate market positions, and increase their presence in the market.
India Electric Insulators Market Companies
Major manufacturers that are actively participating across the industry consist of:
- Aditya Birla Insulators
- Adpro Pvt. Ltd.
- DECCAN ENTERPRISES PRIVATE LIMITED
- Dow
- GIG-IRM Glass Insulators Private Limited
- GR Enterprises
- Hitachi Energy Ltd.
- Incap Limited
- Insulators and Electricals Company
- Modern Insulators Ltd.
- Mira Enterprises
- NGK INSULATORS, LTD.
- Olectra Greentech Limited
- Prime Insulators Pvt. Ltd.
- Siemens Energy
- Spark insulators
- Stork Group
How big is India electric insulators market?
The market size of India electric insulators was worth over USD 423.6 million in 2023 and is set to grow at a CAGR of over 7% during 2024 and 2032, owing to refurbishment of prevailing infrastructures and flourishing investments for expansion of transmission networks.
How will cables & transmission lines application contribute to India electric insulators industry size?
The cables and transmission lines application segment is projected to exhibit 5.5% CAGR over 2024 to 2032, backed by the escalating investments to develop new grid infrastructure, coupled with new initiatives to boost the rural electrification rate.
Why are composite electric insulators gaining traction in India?
India composite electric insulators market is projected to be worth over USD 300 million by 2032, on account of the increasing need to overcome transmission breakdown and mitigate environmental pollution.
Which companies define the competitive landscape of India electric insulator market?
Grasim Industries Limited, Modern Insulators Ltd, Adpro Pvt. Ltd., GR Enterprises, Siemens Energy, Insulators and Electricals Company, Incap Limited, S.C. Electric Company, Olectra Greentech Limited, and Spark insulators among others.