Home > Energy & Power > Electrical Equipment > Electric Insulators > Low Voltage Electric Insulators Market

Low Voltage Electric Insulators Market Share

Report ID: GMI7806
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Low Voltage Electric Insulators Market Share

The low voltage electric insulator market is highly fragmented owing to the presence of numerous industry players. Key companies operating in the market are General Electric, Siemens Energy, Lapp Insulators GmbH and Hitachi Energy Ltd. accounted for majority of the market share in the year 2023. Various companies are aiming for partnerships to enhance their geographical expansion and is anticipated to intensify the market competition over the forecast timeframe. For instance, in September 2022, MacLean Power Systems, an American electric utility equipment manufacturer, signed a pivotal supply partnership with Global Insulator Group, a European-based glass insulator producer situated in Estonia. This collaboration positions MacLean Power Systems as the exclusive provider in North America offering both glass and polymer insulation solutions.

Low Voltage Electric Insulators Market Companies

Major players in the low voltage electric insulators market are ramping up their strategic activities, leveraging partnerships, expanding facilities, and engaging in mergers and acquisitions. These proactive measures are designed to strengthen their foothold in the market and drive industry growth by pioneering advanced and innovative technologies. This dynamic landscape is characterized by leading companies that are continually innovating and collaborating to shape the future of the electric insulators industry. Key players in the industry include:

General Electric
Siemens Energy
Lapp Insulators GmbH
Sevedier
GIPRO GmbH
Olectra Greentech Limited
TE Connectivity
Hitachi Energy Ltd.
PFISTERER Holding AG
Hubbell
Gamma Insulators
Newell Porcelain
Peak Demand Inc.
INAEL Electrical Systems
Deccan Enterprises Private Limited
Taporel Electrical Insulation Technology Co., Ltd.
CYG Insulator Co., Ltd.
Izoelektro
Meister International
Elsewedy Electric

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of low voltage electric insulators was reached USD 1.1 billion in 2023 and is expected to register over 6.6% CAGR from 2024 to 2032, owing to rising focus on safety and reliability coupled with accelerated investments in electric infrastructure for power grid applications worldwide.

The glass insulator material is estimated to showcase about 7.5% CAGR from through 2032, owing to the rising popularity of insulated glass in architectural designs coupled with the expansion of the upscale real estate.

Asia Pacific low voltage electric insulators industry size recorded over USD 0.6 billion in 2023 and is expected to register commendable CAGR from 2024 to 2032, due to the growing population, expanding power generation capabilities, and the rising demand for dependable electricity in the region.

General Electric, Siemens Energy, Lapp Insulators GmbH, Sevedier, GIPRO GmbH, Olectra Greentech Limited, TE Connectivity, Hitachi Energy Ltd., PFISTERER Holding AG, Hubbell, and Gamma Insulators are some of the major low voltage electric insulators companies worldwide.