Market Highlights

The need for continuous uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure is expected to drive the growth of the global insulator market.

The insulator market in the Asia-Pacific region is expected to grow the fastest during the forecast period. The rapid industrialization, urbanization, and fast economic growth with growing electrical infrastructure in the countries such as India and China, will drive the market for insulators.

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Industry Overview

Growing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the global insulator market size over the forecast timeline. The unique property of insulators to resist the energy transmission from one medium to another, would make them convenient for various applications.

Insulators are classified based on their capacity types, as ceramic, glass and composite insulator. The ceramic insulator holds major share in the current market and is expected to continue its dominance in global insulator market, owing to properties such as, environmental friendliness, better electrical strength than other two insulators, high resistance to rodents, termites, birds & other animals to climate changes, and conditions such as dust, salinity and high moisture. Besides, they are cheap & easy to install, which will foster the growth of global insulator market.

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Industry Segmentation

The market has been analyzed based on product types, voltage, applications, end use and regions.

On the basis of voltage type, the medium voltage segment is expected to dominate the market for insulators. The rise in the number of power plants, substations, industries and gird lines, that utilize medium voltage insulators lead to the growth of medium voltage insulator market

Asia-Pacific region is expected to grow at the fastest rate

Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia demand continuous electric supply for the operations of industries, data centers, emergency services, and commercial & household purposes. Ageing conventional transmission & distribution network often hinders the supply for continuous power. This is creating a lucrative market for insulators in this region.

Key Players

The key players of global insulator market are General Electric (U.S.), Siemens AG (Germany), Alstom S.A (France), Aditya Birla Nuvo Ltd. (India), Bharat Heavy Electricals Limited. (India), Toshiba Corporation (Japan), Hubbell Incorporated (U.S), Seves Group (Italy), Dalian Yilian Technology Co. Ltd. (China) and ELANTAS GmbH (Germany).

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