The global glass insulators market was valued at $345.8 million in 2021, and is projected to reach $504.6 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031.
Glass insulator are electrical insulator formed by combining several elements, such as lime and quartz powder, at high temperatures. Glass insulators offer high resistance, high tensile strength, a low thermal expansion coefficient, and very little relative temperature variation deformation. They are employed in a variety of locations, including low-voltage and high-voltage lines, power plants, substations, and at residential, commercial, and industrial. The glass insulator market's for medium voltage range is anticipated to experience the quickest growth throughout the forecast. During the anticipated time, this is projected to boost the demand for glass insulators.
High investment in the power sector, rising adoption of smart grid technologies, as well as advancement of power transmission and distribution infrastructure. Furthermore, increasing R&D investment toward evolving grid networks due to rise in electricity demand accelerates the glass insulator market growth.
The glass insulator market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into suspension glass insulator and pin glass insulator. On the basis of application, the market is divided into distribution & railway, HVDC and HVAC. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Glass insulator are electrical insulator formed by combining several elements, such as lime and quartz powder, at high temperatures. Glass insulators offer high resistance, high tensile strength, a low thermal expansion coefficient, and very little relative temperature variation deformation. They are employed in a variety of locations, including low-voltage and high-voltage lines, power plants, substations, and at residential, commercial, and industrial. The glass insulator market's for medium voltage range is anticipated to experience the quickest growth throughout the forecast. During the anticipated time, this is projected to boost the demand for glass insulators.
High investment in the power sector, rising adoption of smart grid technologies, as well as advancement of power transmission and distribution infrastructure. Furthermore, increasing R&D investment toward evolving grid networks due to rise in electricity demand accelerates the glass insulator market growth.
The glass insulator market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into suspension glass insulator and pin glass insulator. On the basis of application, the market is divided into distribution & railway, HVDC and HVAC. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the glass insulators market analysis from 2021 to 2031 to identify the prevailing glass insulators market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the glass insulators market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global glass insulators market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Suspension Glass Insulators
- Pin Glass Insulators
By Application
- Distribution Railway Applications
- HVDC Applications
- HVAC Applications
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Global Insulator Group
- Gamma Insulator (Corona Group)
- Hubbell Incorporated
- Incap Limited
- JSC U.M.E.K.
- maclean power systems
- Nanjing Electric
- Sichuan Yibin Global Group
- SHANDONG RUITAI GLASS INSULATOR CO.LTD
- Seves Group
- Victor Insulators
- VERESCENCE La Granja Insulators
- ZX Insulators
- Zhejiang Tailun Insulator Co. Ltd.
- Zhejiang Jinlihua Electric Co., Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLASS INSULATORS MARKET, BY TYPE
CHAPTER 5: GLASS INSULATORS MARKET, BY APPLICATION
CHAPTER 6: GLASS INSULATORS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The global glass insulator market size was valued at $345.8 million in 2021, and is projected to reach $504.6 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031.A glass insulator is a power transmission line insulator manufactured of toughened or annealed glass. Most frequently, a glass insulator is made by combining lime powder with quartz powder, which is then softened at high temperatures. The glass insulator possesses various properties, such as high resistivity and low conductivity. Glass insulators prevent current leakage, assure human safety, and maintain a stable electric circuit. In addition, it is utilized to isolate electrical equipment to prevent outside intrusion.
The growing need for a steady and dependable source of power distribution is the key factor driving the global glass insulator market. Demand for glass insulators is expected to increase when existing electrical infrastructure is modernized. The need for insulators used in electrical infrastructure is to increase as developing nations become further electrified. The fluctuating price of raw materials is the main limitation for the global glass insulator market. The price of raw materials vary because of the imbalance in supply and demand. The price increase of raw materials is also significantly influenced by taxes and import restrictions.
Increase in demand for glass insulators from electrical and electronics sector, expanding construction of infrastructure in the Asia-Pacific region, increasing public awareness of energy-saving approaches, and technological developments in the field of glass insulation are expected to drive the growth of the glass insulator market during the forecast period. Glass insulators have been used in HVAC applications because of its properties, such as low thermal conductivity, electrical resistivity, chemical inertness, and high strength that further make them ideal for use in air conditioning equipment. By keeping a consistent temperature inside an insulated structure and lowering associated operational expenses, these devices assist in reducing energy consumption. In addition, their non-porous design prevents corrosion led by moisture leaking into the core material from the environment. This factor is predicted to create remunerative opportunities for expansion of the glass insulator market in the future.
The glass insulator market forecast is segmented on the basis of type, application, and region. By type, the market is segregated into suspension glass insulator and pin glass insulator. The suspension glass insulator segment dominated the global market, in terms of revenue in 2021, with one-third of the total share. This is attributed to the fact that applications that require high dielectric strength, electrical conductivity, and temperature resistance, such as used in overhead transmission and distribution lines.
By application, the market is divided into distribution & railway, HVDC, and HVAC. The HVAC application dominated the global market in terms of revenue in 2021, with one-third of the total share. This is attributed to increase in demand from the residential sector, particularly air conditioners.
Region-wise, the glass insulator market forecast is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific glass insulator market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major glass insulator market share in 2021.The need for glass insulators rises as more railway lines and seaports are being built since these structures need to be electrified.
Key players operating in the global glass insulator market include, Gamma Insulator, Global Insulator Group, Hubbell, Incap Limited, JSU U.M.E.K, MacLean Power Systems, Nanjing Electric, Seves Group, Shandong Ruitai Glass Insulator Co., Ltd., Sichuan Yibin Global Group, VERESCENCE La Granja Insulators, Victor Insulators, Zhejiang Tailun Insulator Co. Ltd., Zhejiang Jinlihua Electric Co., Ltd., and ZX Insulators.
Key Findings of the Study
- By type, the suspension glass insulator segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.3% from 2022 to 2031.
- By application, the HVAC segment is anticipated to register the highest CAGR of 4.3% during the forecast period.
- Asia-Pacific garnered the highest glass insulator share of 37.1% in 2021, in terms of revenue, growing at a CAGR of 4.3%.
Companies Mentioned
- Global Insulator Group
- Gamma Insulator (Corona Group)
- Hubbell Incorporated
- Incap Limited
- Jsc U.M.E.K.
- Maclean Power Systems
- Nanjing Electric
- Sichuan Yibin Global Group
- Shandong Ruitai Glass Insulator Co.Ltd
- Seves Group
- Victor Insulators
- Verescence La Granja Insulators
- Zx Insulators
- Zhejiang Tailun Insulator Co. Ltd.
- Zhejiang Jinlihua Electric Co. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 252 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 345.8 million |
| Forecasted Market Value ( USD | $ 504.6 million |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
