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North America Electric Insulators Market Trends

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

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North America Electric Insulators Market Trends

North America electric insulators industry is poised for growth due to rising electricity demand and the expansion of transmission and distribution grid networks. Respective authorities have introduced initiatives to improve electrical infrastructure in regions susceptible to extreme weather conditions are expected to boost product deployment. The supportive policies for the expansion of transmission networks will contribute to the market's development. Furthermore, increasing deployment of smart grids, investments in strengthening power grid infrastructure and rising demand for energy-efficient units and the replacement of traditional components will augment industry landscape.

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.