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Utility Electric Insulators Market Share

Report ID: GMI11626
Published Date: Sep 2024
Report Format: PDF

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Utility Electric Insulators Market Share

Leading companies in the utility electric insulators industry are actively engaging in strategic alliances, partnerships, and mergers & acquisitions to bolster their industry standpoint. These collaborative initiatives enable the companies to combine their knowledge, assets, and technologies, leading to the creation of novel products. Additionally, major companies are also investing in research and development initiatives to improve the durability and longevity of insulators shaping the industry dynamics.

Utility Electric Insulators Market Companies

Key players in the electrical insulator industry are:

ABB
BHEL
CYG Insulator
Elsewedy Electric
Gamma Insulators
General Electric
GIPRO
Hitachi Energy
Hubbell
INAEL Electrical Systems
Izoelektro
LAPP Insulators
Newell Porcelain
PFISTERER
Seves
Siemens Energy
TE Connectivity

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The utility electric insulators industry was valued at USD 3.8 billion in 2023 and is estimated to grow at a CAGR of 5.8% by 2032. This growth is driven by the increasing demand for reliable and efficient electrical infrastructure to support the escalating energy needs of urbanization and industrialization globally.

The composite insulators segment is set to surpass USD 2.9 billion by 2032. This rise is due to the benefits of lightweight construction, superior performance in adverse conditions, enhanced safety features, and sustainability. The evolving global energy landscape and rapid urbanization and industrialization in developing regions have fueled the demand for composite insulators.

The U.S. market is projected to exceed USD 550 million by 2032. This growth is attributed to the expansion of renewable energy integration, growing industrial energy demand, and modernization of grid and aging infrastructures.

Key players in the market include ABB, BHEL, CYG Insulator, Elsewedy Electric, Gamma Insulators, General Electric, GIPRO, Hitachi Energy, Hubbell, INAEL Electrical Systems, Izoelektro, LAPP Insulators, Newell Porcelain, PFISTERER, Seves, Siemens Energy, and TE Connectivity.