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Low Voltage Electric Insulators Market Size

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

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Low Voltage Electric Insulators Market Size

Low Voltage Electric Insulators Market was valued at USD 1.1 billion in 2023 and is estimated to observe about 6.6% CAGR between 2024 and 2032, propelled by rising focus on safety and reliability, coupled with accelerated investments in electric infrastructure for power grid applications. The ongoing refurbishment and replacement initiatives of aging and prevailing networks, particularly in developing nations, is set to further augment the business landscape.

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The swift expansion of electricity grid infrastructure, driven by an increasing need for dependable equipment to minimize power outages, is set to drive the dynamics of the industry. Furthermore, escalating concerns about emissions, elevating electricity demand coupled with substantial investments in renewable power generation facilities, will add further impetus to the industry's outlook.

Low Voltage Electric Insulators Market Report Attributes
Report Attribute	Details
Base Year:	2023
Low Voltage Electric Insulators Market Size in 2023:	USD 1.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.6%
2032 Value Projection:	USD 2.1 Billion
Historical Data for:	2019 to 2022
No. of Pages:	410
Tables, Charts & Figures:	394
Segments covered:	Material, End Use, Voltage, and Region
Growth Drivers:	Rapidly expanding grid infrastructure Integration of clean energy technologies to serve the rapidly growing demand Positive outlook to boost electrification across remote locations
Pitfalls & Challenges:	Significant availability and adoption of medium & high voltage alternatives

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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.