India Electric Insulators Market Size – By Material, By Application (Cables & Transmission Lines, Switchgears, Transformers, Bus Bars), End-Use (Commercial & Industrial, Utilities), By Rating, & Forecast, 2024 - 2032

India Electric Insulators Market Size

India Electric Insulators Market was valued at USD 423.6 million in 2023 and is projected to attain about 7% CAGR from 2024 to 2032. Growing measures to ensure safety and stability along with increasing expenditure for development of electric infrastructure across power grid will complement the industry growth.
 

Refurbishment of prevailing infrastructures and flourishing investments for expansion of transmission networks will augment the business landscape. Moreover, encouraging government policies toward development of electrical networks to boost power generation through renewables will favor the industry landscape.
 

India Electric Insulators Market Trends

India electric insulator industry is anticipated to grow on account of rising electricity demand, development of existing grid infrastructure and paradigm shift toward the adoption of smart grid systems. Growing investment and expenditure across new power generation facilities and adoption of enhanced technological solutions across energy generation establishments will further complement the business outlook. Moreover, increasing electricity consumption across the industrial and commercial establishments, accelerating power generation capacities, and growing need for reliable power infrastructure will positively shape the business dynamics.
 

India Electric Insulators Market Analysis

Composite insulator market is set to cross over USD 300 million by 2032. Increasing adoption of advanced insulator materials, continuous replacement of existing electric components across T&D networks for enhanced operations will complement the industry outlook. Ongoing expansion and development of prevailing transmission infrastructure along with continuous efforts for grid modernization and decreasing power interruptions will positively influence the composite insulator business landscape.
 

High-voltage electric insulators is anticipated to grow owing to flourishing investments for refurbishment and development of high voltage electrical infrastructure along with favorable policies by the authorities for strengthening the grid. These insulators ensure safe energy transmission and reliable power supply across utilities owing to their operational flexibility further accelerating product adoption. Moreover, considerable expenditure by the utilities toward the expansion of high-capacity energy transmission networks to carry electrical signals over long distance which accelerated the momentum for high voltage electric insulators.
 

Cables and transmission lines segment is projected to observe a growth rate of over 5.5% through 2032. The industry is poised for significant growth as the focus shifts towards integrating new electrical transmission networks with high and ultra-high voltage ratings to meet escalating electricity demands. Governments are spearheading initiatives to expand and develop grid infrastructure, bolstering energy-efficient renewable networks coupled with a growing emphasis on renewables and smart grid adoption, is reshaping the business landscape. Additionally, shifting focus towards clean energy generation, necessitating high-voltage electric insulation, and encouraging initiatives to modernize existing transmission infrastructure will further boost the industry growth.
 

Ongoing investments across the utility-based electrification systems along with massive government support for the refurbishment and upgradation of grid infrastructure will complement the industry landscape. Continuous development and expansion of overhead transmission lines together with shifting focus toward the adoption of energy-optimized units will fuel the product penetration. Growing inclination toward energy efficiency along with lowering energy consumption, enhanced productivity, and reduction in operational costs has inclined the focus of manufacturers to deploy these units compliant with traditional standards and codes.
 

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
   

India Electric Insulators Industry News

• In September 2023, Hitachi Energy was awarded with a contract from Ayana Renewable Power to supply gid connection for their 300 MW solar plant in Bikaner. For this project, Hitachi both companies have collaborated to jointly develop an optimized solution that satisfies the technical, safety, and quality requirements of SECI. Hitachi Energy will offer an EPC package including installation of insulators and gathers all of the power produced by the plant and safely and reliably transfers it into the national transmission system.
   
• In May 2022, Aditya Birla Composites inaugurated the manufacturing facility for its hollow core composite insulators located in Halol, Gujarat. This inauguration was done in the presence of parent companies including Maschinenfabrik Reinhausen GmbH and Grasim Industries Ltd. This production plant will enhance the company’s market presence across the insulators industry and will strengthen its customer base.
   

This India 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