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North America Electric Insulators Market Share

Report ID: GMI11743
Published Date: Oct 2024
Report Format: PDF

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North America Electric Insulators Market Share

Major manufacturers in the North America electric insulator industry are actively enhancing their market position through strategic partnerships, alliances, and mergers and acquisitions. These initiatives enable companies to expand their product portfolios, extend their geographical reach, and access new customer segments. Growing partnerships and acquisitions allow firms to combine their strengths and resources, foster innovation, and offer comprehensive solutions to a broader customer base across the industry.

North America Electric Insulators Market Companies

Major players operating across the industry include:

Gamma Insulator
Hitachi Energy
Hubbell
KUVAG
Lapp Insulators US
Maclean Power Systems
MAR-BAL
Meister International
Newell Porcelain
NGK Insulators
Peak Demand
PPC Austria Holding
Pfisterer Holding
Sediver
Siemens Energy
TE Connectivity
The Gund Company
Victor Insulators

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The North America market for electric insulators was reached USD 793.1 million in 2023 and is set to register at a CAGR of 5.1% from 2024 to 2032, propelled by rising electricity demand, grid modernization efforts, and infrastructure development to reduce power interruptions.

The composite segment is expected to surpass USD 650 million by 2032, driven by the growing use of advanced insulator materials and the replacement of electrical components in transmission and distribution networks.

Electric insulators in cable transmission lines is expected to grow at a CAGR of over 4% through 2032, led by rising electricity demand, government support for grid expansion, and the need for high-capacity transmission lines.

The U.S. market for electric insulators is set to cross over USD 850 million by 2032, owing to increased power generation capacity and rising demand for reliable electricity.

Major key players operating in the industry include Gamma Insulator, Hitachi Energy, Hubbell, KUVAG, Lapp Insulators US, Maclean Power Systems, MAR-BAL, Meister International, Newell Porcelain, NGK Insulators, Peak Demand, PPC Austria Holding, Pfisterer Holding, Sediver, Siemens Energy, TE Connectivity, The Gund Company, and Victor Insulators.