Utility Composite Insulators Market Size - By Voltage, By Application, Analysis, Share, Growth Forecast, 2025 - 2034

Utility Composite Insulators Market Size

The global utility composite insulators market was valued at USD 1.8 billion in 2024 and is estimated to grow at a CAGR of 6.5% from 2025 to 2034. Efforts to modernize the grid, and favorable initiatives by authorities to replace unreliable electrical components, aiming to reduce power interruptions will complement the industry landscape. Additionally, increasing demand for reliable insulator units and initiatives to upgrade electrical components will positively influence the business dynamics.
 

Supportive regulations and flourishing investments aimed at expanding power networks will further augment the industry outlook. For instance, in September 2024, the leading utility companies have pledged to invest over USD 116 billion annually in clean grid and power generation infrastructure globally. The Utilities for Net Zero Alliance (UNEZA), introduced at COP28 with guidance from IRENA and the UN Climate Change High-level Champions, aims to accelerate electrification and power system transformation as the world advances in its decarbonization efforts.
 

Utility Composite Insulators Market Trends

The utility composite insulators industry is expected to grow due to rising electricity demand and the expansion of transmission and distribution grid networks. Favorable initiatives by the authorities to improve electrical infrastructure across regions prone to extreme climatic conditions, where conventional units are less reliable, will drive product deployment. Supportive measures by respective authorities for expanding transmission networks will further enhance the business landscape. Additionally, the increasing adoption of smart grids and investments in strengthening power grid infrastructure will contribute to electric insulators industry growth.
 

Utility Composite Insulators Market Analysis

Medium voltage segment is anticipated to cross over USD 1.5 billion by 2034, owing to their extensive use in grid infrastructures and ongoing expansion of cross border electrical networks. The development of transmission networks, designed to transmit electrical signals over long distances, will accelerate the product demand. Manufacturers are focusing on improving the technical and physical characteristics of medium-voltage composite insulators to offer superior performance in adverse conditions, enhanced safety features, and sustainability benefits augmenting the product deployment.
 

The > 11 kV to ≤ 22 kV segment is anticipated to grow at a CAGR of over 6% through 2034. Investments for the development of distribution networks along with urban population growth and increasing electricity demand is complementing the business landscape. Government regulations promoting energy-efficient infrastructures and extensive frequency distribution links are positively influencing the industry outlook. Public and private utilities are adopting these insulators for their superior insulation, reduced flashover risk, environmental resistance, and durability along with rising grid infrastructure investments to meet electricity demand which is set to further accelerate the product adoption.
 

The U.S. utility composite insulators market is predicted to hit USD 350 million by 2034. Ongoing renewable energy integration, increasing industrial energy demand, and the modernization of grids and aging infrastructures will complement the industry landscape. Utilities are upgrading electrical equipment to incorporate smart grid technologies, enhance energy efficiency, and support more flexible grid operations. Moreover, supportive policies to promote the growth of power generation capacities and rising investments in upgrading existing grid networks will contribute to the industry growth.
 

Utility Composite Insulators Market Share

TERER Holding, Nanjing Electric Technology Group, and Schlüter-Systems, dominate the market share. These industry leaders are not only forming strategic partnerships, alliances, and engaging in mergers and acquisitions but are also pioneering innovative technologies. Continuously at the forefront of innovation, these companies are developing advanced heating solutions, addressing the rising demand for efficient electricity.
 

Utility Composite Insulators Market Companies

Major players operating across the industry include:

• Bonomi Eugenio
• Changan Group
• CYG Insulator
• Deccan Enterprises
• Hitachi Energy
• Izoelektro
• KUVAG
• Maschinenfabrik Reinhausen
• Nanjing Electric Technology Group
• Navitas Insulators
• PFISTERER Holding
• Rayphen
• SAA Grid Technology
• SAVER
• Siemens Energy
• Victor Insulators
• Vexila
• Zhongrui Electric
   

Utility Composite Insulators Industry News

• In August 2024, Gowin Precision Machinery Co., Ltd., a leading manufacturer of rubber molding machinery based in China, has launched its new polymer insulator manufacturing machine. The new unit aims to revolutionize the production of polymer insulators by delivering enhanced precision and efficiency in the production process. The company's extensive experience in rubber injection molding machines have transformed the design and development of the advanced machine to meet the growing demands of the polymer insulator industry.
   
• In October 2023, CBM announces that PLP has completed its polymer line post insulator portfolio, complementing the IP-51-4F line post insulator. These new insulators, compliant with ANSI C29.7 and C29.18 standards, replace porcelain or composite insulators. PLP insulators are lightweight, impact-resistant, and made in the USA, specifically in Rogers, AR. In 2023, PLP will add new machines to support this launch. The insulator neck designs pair well with PLP ties, ensuring compatibility and functionality.
   

This utility composite insulators market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034 for the following segments:

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Market, By Voltage

• High
• Medium
• Low

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

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina