Electric Insulator Market by Type (Ceramic, Glass, and Composite), Voltage (Low, Medium, and High), Category (Bushings), End-User (Utilities, Industries), Application (Transformer, Cables, Busbar), and Region - Global Forecast to 2023

  • ID: 4622147
  • Report
  • Region: Global
  • 153 Pages
  • Markets and Markets
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The Electric Insulator Market is Projected to Reach USD 13.34 Billion by 2023, From an Estimated USD 10.17 Billion in 2018, at a CAGR of 5.58%.

FEATURED COMPANIES

  • ABB
  • Aditya Birla Nuvo
  • General Electric
  • Hubbell
  • Lapp Insulators
  • Maclean-Fogg
  • MORE

“The electric insulator market is projected to grow at a CAGR of 5.58%, from 2018 to 2023.”

The electric insulator market is projected to reach USD 13.34 billion by 2023, from an estimated USD 10.17 billion in 2018, at a CAGR of 5.58%. This growth can be attributed to the growing adoption of renewable energy sources, increasing investments in T&D networks, and refurbishment of existing grid networks across the globe. However, increasing availability of low-quality gray market products can hinder the growth of the market.

“The composite segment is expected to be the fastest growing market in the electric insulator market from 2018 to 2023.”

The composite segment is estimated to be the fastest growing segment the forecast period. Composite insulators consist of silicone rubber housing and sheds, fiberglass core rod and metal end fittings. Composite insulators have certain advantages such as lightweight, improved transmission line aesthetics, less gunshot damage, high shock resistance, and ease of installation. These advantages make composite insulators more suitable over conventional porcelain insulators.

“Transformer: The fastest growing market for electric insulators”

The transformer segment, by application, is estimated to be the fastest growing during the forecast period. Increasing installation of various transformer types for meeting the rising electricity requirements has led to the largest share of the transformer segment in the total electric insulator market.

“Asia Pacific: The fastest growing market for electric insulators”

Asia Pacific is estimated to be the fastest growing market for electric insulators by 2023 and is projected to grow at the highest CAGR during the forecast period. Increase in population, urbanization, and growth of the industrial sector have increased the demand for power in China and India. The governments of Asia Pacific countries are planning to develop more electrical grid and power generation capacity, which would further boost the demand for insulators in the region. Therefore, increasing demand for power and upgrade of existing electrical infrastructure are expected to boost the electric insulator demand in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 60%, Tier 2- 23%, and Tier 3- 17%
  • By Designation: C-Level- 35%, Managers- 25%, and Others- 40%
  • By Region: North America- 18%, Europe- 22%, Asia Pacific- 29%, Middle East- 18%, Africa- 8%, and South America- 5%

Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million

Research Coverage:

The report defines, describes, and forecasts the global electric insulator market by type, voltage, category, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the electric insulator market.

Why Buy this Report?

  • The report identifies and addresses key markets for electric insulators, which would help manufacturers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Aditya Birla Nuvo
  • General Electric
  • Hubbell
  • Lapp Insulators
  • Maclean-Fogg
  • MORE

1 Introduction

2 Research Methodology

2.1 Research Data
       2.1.1 Secondary Data
                2.1.1.1 Key Data From Secondary Sources
       2.1.2 Primary Data
                2.1.2.1 Key Data From Primary Sources
                2.1.2.2 Key Industry Insights
                2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
       2.2.1 Bottom-Up Approach
       2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Electric Insulator Market, 2018–2023
4.2 Electric Insulator Market, By Type
4.3 Electric Insulator Market, By Category
4.4 Electric Insulator Market, By Voltage
4.5 Electric Insulator Market, By Application
4.6 Electric Insulator Market, By End-User
4.7 Asia Pacific Electric Insulator Market

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
       5.3.1 Increasing Investments in T&D Networks
       5.3.2 Refurbishment of Existing Grid Networks
       5.3.3 Growing Adoption of Renewable Energy Sources
5.4 Restraints
       5.4.1 Increasing Grey Market Products of Low Quality
5.5 Opportunities
       5.5.1 Increasing Investments in Smart Grid Projects
       5.5.2 Hvdc Transmission Methods for Long-Distance Transmission
5.6 Challenges
       5.6.1 Volatility in Raw Material Prices

6 Electric Insulator Market, By Type

6.1 Introduction
6.2 Ceramic Insulator
6.3 Composite Insulator
6.4 Glass Insulator

7 Electric Insulator Market, By Voltage

7.1 Introduction
7.2 Low Voltage
7.3 Medium Voltage
7.4 High Voltage

8 Electric Insulator Market, By Category

8.1 Introduction
8.2 Bushings
8.3 Others Insulator

9 Electric Insulator Market, By Application

9.1 Introduction
9.2 Cable
9.3 Transformer
9.4 Switchgear
9.5 Busbar
9.6 Surge Protection Device
9.7 Others

10 Electric Insulator Market, By End-User

10.1 Introduction
10.2 Utilities
10.3 Industries
10.4 Others

11 Electric Insulator Market, By Region

11.1 Introduction
11.2 Asia Pacific
        11.2.1 By Type
        11.2.2 By Voltage
        11.2.3 By Category
        11.2.4 By Application
        11.2.5 By End-User
        11.2.6 By Country
                   11.2.6.1 China
                   11.2.6.2 India
                   11.2.6.3 Japan
                   11.2.6.4 Australia
                   11.2.6.5 Rest of Asia Pacific
11.3 Europe
        11.3.1 By Type
        11.3.2 By Voltage
        11.3.3 By Category
        11.3.4 By Application
        11.3.5 By End-User
        11.3.6 By Country
                   11.3.6.1 Russia
                   11.3.6.2 Germany
                   11.3.6.3 UK
                   11.3.6.4 France
                   11.3.6.5 Rest of Europe
11.4 North America
        11.4.1 By Type
        11.4.2 By Voltage
        11.4.3 By Category
        11.4.4 By Application
        11.4.5 By End-User
        11.4.6 By Country
                   11.4.6.1 US
                   11.4.6.2 Canada
                   11.4.6.3 Mexico
11.5 South America
        11.5.1 By Type
        11.5.2 By Voltage
        11.5.3 By Category
        11.5.4 By Application
        11.5.5 By End-User
        11.5.6 By Country
                   11.5.6.1 Brazil
                   11.5.6.2 Argentina
                   11.5.6.3 Rest of South America
11.6 Middle East
        11.6.1 By Type
        11.6.2 By Voltage
        11.6.3 By Category
        11.6.4 By Application
        11.6.5 By Country
                   11.6.5.1 Saudi Arabia
                   11.6.5.2 UAE
                   11.6.5.3 Rest of Middle East
11.7 Africa
        11.7.1 By Type
        11.7.2 By Voltage
        11.7.3 By Category
        11.7.4 By Application
        11.7.5 By End-User
        11.7.6 By Country
                   11.7.6.1 South Africa
                   11.7.6.2 Egypt
                   11.7.6.3 Rest of Africa

12 Competitive Landscape

12.1 Overview
12.2 Ranking of Players and Industry Concentration, 2017
12.3 Competitive Scenario
        12.3.1 Contacts & Agreements
        12.3.2 New Product Launches
        12.3.3 Investments and Expansions
        12.3.4 Mergers & Acquisitions
        12.3.5 Others

13 Company Benchmarking

13.1 ABB
        13.1.1 Business Overview
        13.1.2 Products Offered
        13.1.3 Recent Developments
        13.1.4 MnM View
13.2 Aditya Birla Nuvo
        13.2.1 Business Overview
        13.2.2 Products Offered
        13.2.3 Recent Developments
        13.2.4 MnM View
13.3 Siemens
        13.3.1 Business Overview
        13.3.2 Products Offered
        13.3.3 Recent Developments
        13.3.4 MnM View
13.4 General Electric
        13.4.1 Business Overview
        13.4.2 Products Offered
        13.4.3 Recent Developments
        13.4.4 MnM View
13.5 NGK Insulators
        13.5.1 Business Overview
        13.5.2 Products Offered
13.6 Hubbell
        13.6.1 Business Overview
        13.6.2 Products Offered
        13.6.3 Recent Developments
        13.6.4 MnM View
13.7 Toshiba
        13.7.1 Business Overview
        13.7.2 Products Offered
        13.7.3 Recent Developments
        13.7.4 MnM View
13.8 Bharat Heavy Electricals Limited
        13.8.1 Business Overview
        13.8.2 Products Offered
        13.8.3 Recent Developments
        13.8.4 MnM View
13.9 Lapp Insulators
        13.9.1 Business Overview
        13.9.2 Products Offered
        13.9.3 Recent Development
13.10 Maclean-Fogg
        13.10.1 Business Overview
        13.10.2 Products Offered
        13.10.3 Recent Developments
13.11 Seves Group
        13.11.1 Business Overview
        13.11.2 Products Offered
        13.11.3 Recent Developments
        13.11.4 MnM View
13.12 TE Connectivity
        13.12.1 Business Overview
        13.12.2 Products Offered

14 Appendix

List of Tables

Table 1 Electric Insulators Market Snapshot
Table 2 Global T&D Infrastructure Expansion Plans
Table 3 Key Smart Grid Investment Initiatives
Table 4 Electric Insulator Market, By Type, 2016–2023 (USD Million)
Table 5 Ceramic Insulator: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 6 Composite Insulator: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 7 Glass Insulator: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 8 Electric Insulator Market Size, By Voltage, 2016–2023 (USD Million)
Table 9 Low Voltage: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 10 Medium Voltage: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 11 High Voltage: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 12 Electric Insulator Market, By Category, 2016–2023 (USD Million)
Table 13 Bushings: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 14 Other Insulators: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 15 Electric Insulator Market Size, By Application, 2016–2023 (USD Million)
Table 16 Cable: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 17 Transformer: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 18 Switchgear: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 19 Busbar: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 20 Surge Protection Device: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 21 Others: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 22 Electric Insulator Market, By End-User, 2016–2023 (USD Million)
Table 23 Utilities: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 24 Industries: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 25 Others: Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 26 Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Table 27 Asia Pacific: Electric Insulator Market Size, By Type, 2016–2023 (USD Million)
Table 28 Asia Pacific: Electric Insulator Market Size, By Voltage, 2016–2023 (USD Million)
Table 29 Asia Pacific: Electric Insulator Market Size, By Category, 2016–2023 (USD Million)
Table 30 Asia Pacific: Electric Insulator Market Size, By Application, 2016–2023 (USD Million)
Table 31 Asia Pacific: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 32 Asia Pacific: Electric Insulator Market Size, By Country, 2016–2023 (USD Million)
Table 33 China: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 34 India: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Japan: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Australia: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 37 Rest of Asia Pacific: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 38 Europe: Electric Insulator Market Size, By Type, 2016–2023 (USD Million)
Table 39 Europe: Electric Insulator Market Size, By Voltage, 2016–2023 (USD Million)
Table 40 Europe: Electric Insulator Market Size, By Category, 2016–2023 (USD Million)
Table 41 Europe: Electric Insulator Market Size, By Application, 2016–2023 (USD Million)
Table 42 Europe: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 43 Europe: Electric Insulator Market Size, By Country, 2016–2023 (USD Million)
Table 44 Russia: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 45 Germany: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 46 UK: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 47 France: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Rest of Europe: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 49 North America: Electric Insulator Market Size, By Type, 2016–2023 (USD Million)
Table 50 North America: Electric Insulator Market Size, By Voltage, 2016–2023 (USD Million)
Table 51 North America: Electric Insulator Market Size, By Category, 2016–2023 (USD Million)
Table 52 North America: Electric Insulator Market Size, By Application, 2016–2023 (USD Million)
Table 53 North America: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 54 North America: Electric Insulator Market Size, By Country, 2016–2023 (USD Million)
Table 55 US: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 56 Canada: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 57 Mexico: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 58 South America: Electric Insulator Market Size, By Type, 2016–2023 (USD Million)
Table 59 South America: Electric Insulator Market Size, By Voltage, 2016–2023 (USD Million)
Table 60 South America: Electric Insulator Market Size, By Category, 2016–2023 (USD Million)
Table 61 South America: Electric Insulator Market Size, By Application, 2016–2023 (USD Million)
Table 62 South America: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 63 South America: Electric Insulator Market Size, By Country, 2016–2023 (USD Million)
Table 64 Brazil: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 65 Argentina: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 66 Rest of South America: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 67 Middle East: Electric Insulator Market Size, By Type, 2016–2023 (USD Million)
Table 68 Middle East: Electric Insulator Market Size, By Voltage, 2016–2023 (USD Million)
Table 69 Middle East: Electric Insulator Market Size, By Category, 2016–2023 (USD Million)
Table 70 Middle East: Electric Insulator Market Size, By Application, 2016–2023 (USD Million)
Table 71 Middle East: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 72 Middle East: Electric Insulator Market Size, By Country, 2016–2023 (USD Million)
Table 73 Saudi Arabia: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 74 UAE: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 75 Rest of Middle East: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 76 Africa: Electric Insulator Market Size, By Type, 2016–2023 (USD Million)
Table 77 Africa: Electric Insulator Market Size, By Voltage, 2016–2023 (USD Million)
Table 78 Africa: Electric Insulator Market Size, By Category, 2016–2023 (USD Million)
Table 79 Africa: Electric Insulator Market Size, By Application, 2016–2023 (USD Million)
Table 80 Africa: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 81 Africa: Electric Insulator Market Size, By Country, 2016–2023 (USD Million)
Table 82 South Africa: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 83 Egypt: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 84 Rest of Africa: Electric Insulator Market Size, By End-User, 2016–2023 (USD Million)
Table 85 Abb, the Most Active Player in the Market Between 2014 and 2018

List of Figures

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Composite Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 5 Low Voltage Segment is Expected to Lead the Electric Insulator Market During the Forecast Period
Figure 6 Others Insulator Segment is Expected to Lead the Electric Insulator Market Between 2018-2023
Figure 7 Transformer Segment is Expected to Lead the Electric Insulator Market During the Forecast Period
Figure 8 Utilities Segment is Expected to Lead the Electric Insulator Market Between 2018-2023
Figure 9 Asia Pacific is Expected to Dominate the Electric Insulator Market During the Forecast Period
Figure 10 Increasing Growth of Renewable Energy Globally is Expected to Drive Electric Insulator Market During the Forecast Period
Figure 11 Ceramic Was the Largest Type and Asia Pacific Was the Largest Market in the Ceramic Segment in 2017
Figure 12 Others Insulator Segment Register the Highest CAGR During the Forecast Period
Figure 13 Low Voltage Segment Accounted Largest Market Share in 2017
Figure 14 Transformer Accounted for the Largest Market Share in 2017
Figure 15 Industries Segment to Register the Highest CAGR
Figure 16 China Was the Largest Electric Insulator Market in Asia Pacific
Figure 17 Electric Insulator Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Global Investment in Renewable Sector, 2013–2017 (USD Billion)
Figure 19 Ceramic Insulator Segment Dominated the Electric Insulator Market in 2017
Figure 20 Low Voltage Segment Dominated the Electric Insulator Market Between 2018 - 2023
Figure 21 Other Insulators Segment Dominated the Electric Insulator Market in 2017
Figure 22 Transformer Segment Dominated the Electric Insulator Market Between 2018 - 2023
Figure 23 Utilities Segment Dominated the Electric Insulator Market Between 2018 - 2023
Figure 24 Asia Pacific is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 25 Electric Insulator Market Size, By Region, 2016–2023 (USD Million)
Figure 26 Asia Pacific: Market Snapshot
Figure 27 North America: Market Snapshot
Figure 28 Key Developments in the Electric Insulator Market, 2015–2018
Figure 29 ABB Led the Electric Insulator Market in 2017
Figure 30 ABB: Company Snapshot
Figure 31 Aditya Birla Nuvo: Company Snapshot
Figure 32 Siemens: Company Snapshot
Figure 33 General Electric: Company Snapshot
Figure 34 NGK Insulators: Company Snapshot
Figure 35 Hubbell: Company Snapshot
Figure 36 Toshiba: Company Snapshot
Figure 37 Bharat Heavy Electricals Limited: Company Snapshot
Figure 38 TE Connectivity: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Aditya Birla Nuvo
  • Siemens
  • General Electric
  • NGK Insulators
  • Hubbell
  • Toshiba
  • Bharat Heavy Electricals Limited
  • Lapp Insulators
  • Maclean-Fogg
  • Seves Group
  • TE Connectivity
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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