Global Electric Insulator Market 2024-2028
The electric insulator market is forecasted to grow by USD 4.04 bn during 2023-2028, accelerating at a CAGR of 5.48% during the forecast period. The report on the electric insulator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing global demand for power, capacity expansion in renewable power generation, and modernization of existing transformers.
Technavio's electric insulator market is segmented as below:
By Type
- Composite/polymer
- Ceramic/porcelain
- Glass
By End-user
- Power transmission
- Utility
- Transportation
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the evolution of smart grids as one of the prime reasons driving the electric insulator market growth during the next few years. Also, increasing demand for smart electric insulator materials and rising number of microgrid networks will lead to sizable demand in the market.
The report on the electric insulator market covers the following areas:
- Electric insulator market sizing
- Electric insulator market forecast
- Electric insulator market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric insulator market vendors that include ABB Ltd., General Electric Co., Grasim Industries Ltd., GROUPE SICAME, Grower Technoplast Pvt. Ltd., Hitachi Ltd., Hubbell Inc., KYOCERA Corp., MacLean Fogg Co., Modern Insulators Ltd., NGK Insulators Ltd., PFISTERER Holding SE, Rax Industry, SEVES Group S.a r.l., Siemens AG, STORK RUBBER PRODUCTS PVT. LTD., TE Connectivity Ltd., Transpower Switchgear Industries, Twin Track Engineering Spares Of India, and VICTOR INSULATORS INC.. Also, the electric insulator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.