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Report
Electric Insulator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 138 Pages I IMARC Group
Market Overview:
The global electric insulator market size reached US$ 12.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
Electric insulators refer to materials that exhibit poor electrical conductivity due to the lack of free-flowing electric charge. When a source of electromotive force (EMF) is applied, they demonstrate characteristics like high resistivity and assist in efficiently concentrating the flow of the electric current. Apart from this, they avert the current from flowing in the direction where it is not required. Some of the commonly used electric insulators include ceramic, glass, composite materials, air, rubber, plastic, wood, silk, paper, etc. They are generally used for coating wires, in electricity distribution networks and as dielectrics in capacitors.
One of the key functions of insulators is to offer protection against the hazardous effects of electricity, which makes them useful in electricity transmission and distribution (T&D) networks. Further, insulators find vast applications in different industries as a safety device on account of properties such as low thermal expansion and high dielectric strength. Moreover, several developed economies are currently investing in the refurbishment of aging grid technology and establishing sustainable electrical networks for carrying electricity generated through renewable sources. On the other hand, owing to the factors like rapid urbanization and technological developments, governments in the emerging economies are undertaking initiatives, such as smart grid vision and green energy corridors, to create reliable and efficient grid infrastructure. This is helping in ensuring that electricity reaches every corner of the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric insulator market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on material, voltage, category, installation, product, rating, application and end use industry.
Breakup by Material:
Ceramic/Porcelain
Glass
Composites
Others
Breakup by Voltage:
Low
Medium
High
Breakup by Category:
Bushings
Other Insulators
Breakup by Installation:
Distribution Networks
Transmission Lines
Substations
Railways
Others
Breakup by Product:
Pin Insulator
Suspension Insulator
Shackle Insulator
Others
Breakup by Rating:
<11 kV
11 kV
22 kV
33 kV
72.5 kV
145 kV
Others
Breakup by Application:
Transformer
Cable
Switchgear
Busbar
Surge Protection Device
Others
Breakup by End Use Industry:
Utilities
Industries
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB, NGK Insulators Ltd, Aditya Birla Nuvo, Siemens AG, General Electric, Hubbell Incorporated, Bharat Heavy Electricals Limited, Toshiba, Krempel, MacLean-Fogg, PFISTERER, Seves Group, WT Henley, etc.
Key Questions Answered in This Report:
How has the global electric insulator market performed so far and how will it perform in the coming years?
What are the key regional markets in the global electric insulator industry?
What has been the impact of COVID-19 on the global electric insulator industry?
What is the breakup of the market based on the material?
What is the breakup of the market based on the voltage?
What is the breakup of the market based on the category?
What is the breakup of the market based on the installation?
What is the breakup of the market based on the product?
What is the breakup of the market based on the rating?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the global electric insulator industry?
What are the key driving factors and challenges in the global electric insulator industry?
What is the structure of the global electric insulator industry and who are the key players?
What is the degree of competition in the global electric insulator industry?
What are the profit margins in the global electric insulator industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electric Insulator Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Material
5.5 Market Breakup by Voltage
5.6 Market Breakup by Category
5.7 Market Breakup by Installation
5.8 Market Breakup by Product
5.9 Market Breakup by Rating
5.10 Market Breakup by Application
5.11 Market Breakup by End Use Industry
5.12 Market Breakup by Region
5.13 Market Forecast
6 Market Breakup by Material
6.1 Ceramic/Porcelain
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Glass
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Composites
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Voltage
7.1 Low
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Medium
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 High
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Category
8.1 Bushings
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Other Insulators
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Installation
9.1 Distribution Networks
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Transmission Lines
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Substations
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Railways
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Product
10.1 Pin Insulator
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Suspension Insulator
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Shackle Insulator
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Rating
11.1 <11 kV
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 11 kV
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 22 kV
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 33 kV
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 72.5 kV
11.5.1 Market Trends
11.5.2 Market Forecast
11.6 145 kV
11.6.1 Market Trends
11.6.2 Market Forecast
11.7 Others
11.7.1 Market Trends
11.7.2 Market Forecast
12 Market Breakup by Application
12.1 Transformer
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Cable
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Switchgear
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Busbar
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Surge Protection Device
12.5.1 Market Trends
12.5.2 Market Forecast
12.6 Others
12.6.1 Market Trends
12.6.2 Market Forecast
13 Market Breakup by End Use Industry
13.1 Utilities
13.1.1 Market Trends
13.1.2 Market Forecast
13.2 Industries
13.2.1 Market Trends
13.2.2 Market Forecast
13.3 Others
13.3.1 Market Trends
13.3.2 Market Forecast
14 Market Breakup by Region
14.1 Asia Pacific
14.1.1 Market Trends
14.1.2 Market Forecast
14.2 North America
14.2.1 Market Trends
14.2.2 Market Forecast
14.3 Europe
14.3.1 Market Trends
14.3.2 Market Forecast
14.4 Middle East and Africa
14.4.1 Market Trends
14.4.2 Market Forecast
14.5 Latin America
14.5.1 Market Trends
14.5.2 Market Forecast
15 SWOT Analysis
15.1 Overview
15.2 Strengths
15.3 Weaknesses
15.4 Opportunities
15.5 Threats
16 Value Chain Analysis
17 Porters Five Forces Analysis
17.1 Overview
17.2 Bargaining Power of Buyers
17.3 Bargaining Power of Suppliers
17.4 Degree of Competition
17.5 Threat of New Entrants
17.6 Threat of Substitutes
18 Price Analysis
18.1 Key Price Indicators
18.2 Price Structure
18.3 Margin Analysis
19 Competitive Landscape
19.1 Market Structure
19.2 Key Players
19.3 Profiles of Key Players
19.3.1 ABB
19.3.2 NGK Insulators Ltd
19.3.3 Aditya Birla Nuvo
19.3.4 Siemens AG
19.3.5 General Electric
19.3.6 Hubbell Incorporated
19.3.7 Bharat Heavy Electricals Limited
19.3.8 Toshiba
19.3.9 Krempel
19.3.10 MacLean-Fogg
19.3.11 PFISTERER
19.3.12 Seves Group
19.3.13 WT Henley
Figure 1: Global: Electric Insulator Market: Major Drivers and Challenges
Figure 2: Global: Electric Insulator Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Electric Insulator Market: Breakup by Material (in %), 2022
Figure 4: Global: Electric Insulator Market: Breakup by Voltage (in %), 2022
Figure 5: Global: Electric Insulator Market: Breakup by Category (in %), 2022
Figure 6: Global: Electric Insulator Market: Breakup by Installation (in %), 2022
Figure 7: Global: Electric Insulator Market: Breakup by Product (in %), 2022
Figure 8: Global: Electric Insulator Market: Breakup by Rating (in %), 2022
Figure 9: Global: Electric Insulator Market: Breakup by Application (in %), 2022
Figure 10: Global: Electric Insulator Market: Breakup by End Use Industry (in %), 2022
Figure 11: Global: Electric Insulator Market: Breakup by Region (in %), 2022
Figure 12: Global: Electric Insulator Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 13: Global: Electric Insulator Industry: SWOT Analysis
Figure 14: Global: Electric Insulator Industry: Value Chain Analysis
Figure 15: Global: Electric Insulator Industry: Porter's Five Forces Analysis
Figure 16: Global: Electric Insulator (Ceramic/Porcelain) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Electric Insulator (Ceramic/Porcelain) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Electric Insulator (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Electric Insulator (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Electric Insulator (Composites) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Electric Insulator (Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Electric Insulator (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Electric Insulator (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Electric Insulator (Low) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Electric Insulator (Low) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Electric Insulator (Medium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Electric Insulator (Medium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Electric Insulator (High) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Electric Insulator (High) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Electric Insulator (Bushings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Electric Insulator (Bushings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Electric Insulator (Other Insulators) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Electric Insulator (Other Insulators) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Electric Insulator (Distribution Networks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Electric Insulator (Distribution Networks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Electric Insulator (Transmission Lines) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Electric Insulator (Transmission Lines) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Electric Insulator (Substations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Electric Insulator (Substations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Electric Insulator (Railways) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Electric Insulator (Railways) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Electric Insulator (Other Installations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Electric Insulator (Other Installations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Electric Insulator (Pin Insulator) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Electric Insulator (Pin Insulator) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Electric Insulator (Suspension Insulator) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Electric Insulator (Suspension Insulator) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Global: Electric Insulator (Shackle Insulator) Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Global: Electric Insulator (Shackle Insulator) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Global: Electric Insulator (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Global: Electric Insulator (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Global: Electric Insulator (<11 kV) Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Global: Electric Insulator (<11 kV) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Global: Electric Insulator (11 kV) Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Global: Electric Insulator (11 kV) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Global: Electric Insulator (22 kV) Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Global: Electric Insulator (22 kV) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Global: Electric Insulator (33 kV) Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Global: Electric Insulator (33 kV) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Global: Electric Insulator (72.5 kV) Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Global: Electric Insulator (72.5 kV) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Global: Electric Insulator (145 kV) Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Global: Electric Insulator (145 kV) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Global: Electric Insulator (Other Ratings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Global: Electric Insulator (Other Ratings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Global: Electric Insulator (Transformer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Global: Electric Insulator (Transformer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Global: Electric Insulator (Cable) Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Global: Electric Insulator (Cable) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Global: Electric Insulator (Switchgear) Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Global: Electric Insulator (Switchgear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Global: Electric Insulator (Busbar) Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Global: Electric Insulator (Busbar) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Global: Electric Insulator (Surge Protection Device) Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Global: Electric Insulator (Surge Protection Device) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: Electric Insulator (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Global: Electric Insulator (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Global: Electric Insulator (Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Global: Electric Insulator (Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Electric Insulator (Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Global: Electric Insulator (Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Electric Insulator (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Global: Electric Insulator (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Asia Pacific: Electric Insulator Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Asia Pacific: Electric Insulator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: North America: Electric Insulator Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: North America: Electric Insulator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Europe: Electric Insulator Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Europe: Electric Insulator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Electric Insulator Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Electric Insulator Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Latin America: Electric Insulator Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Latin America: Electric Insulator Market Forecast: Sales Value (in Million US$), 2023-2028
Table 1: Global: Electric Insulator Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Electric Insulator Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 3: Global: Electric Insulator Market Forecast: Breakup by Voltage (in Million US$), 2023-2028
Table 4: Global: Electric Insulator Market Forecast: Breakup by Category (in Million US$), 2023-2028
Table 5: Global: Electric Insulator Market Forecast: Breakup by Installation (in Million US$), 2023-2028
Table 6: Global: Electric Insulator Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 7: Global: Electric Insulator Market Forecast: Breakup by Rating (in Million US$), 2023-2028
Table 8: Global: Electric Insulator Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 9: Global: Electric Insulator Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 10: Global: Electric Insulator Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 11: Global: Electric Insulator Market: Competitive Structure
Table 12: Global: Electric Insulator Market: Key Players
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