Global Electric Insulator Market Size, Share - Segmented by Material, End User, Application (Transformers, Cables and Trnsmission Lines, Switchgears, Telecommunications, Busbars), and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4622276
  • Report
  • Region: Global
  • 120 pages
  • Mordor Intelligence
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  • ABB
  • Aditya Birla Nuvo
  • Alstom
  • BHEL
  • Hubbell Inc.
  • Lapp Insulators
  • MORE
The global electric insulator market is expected to expand at a moderate rate during the forecast period, 2018 to 2023. The rapid growth and increasing investments in the transmission and distribution sector and for the up-gradation of aging grid infrastructure, to establish a sustainable electricity network, is expected to boost the electric insulator market. Increasing demand for smart grids, along with stringent policies for energy efficiency, is expected to have a good impact on the electric insulator market. Technological developments in the emerging economies like China, Japan, and India, coupled with the government initiatives for energy efficiency to obtain a reliable and efficient grid infrastructure, along with rapid urbanization, is expected to further drive the electric insulator market.

Energy Efficiency Policies and Smart Grids Driving the Electric Insulator Market
Expansion of smart grid networks, along with the refurbishment of aging and over-lying generation infrastructures, are expected to drive the electric insulators market growth. Government initiatives, such as smart grid vision, green energy corridors, and UDAY reforms for efficient and sustainable electricity grids, in turn, drive the industry growth. The rise in demand for electric insulators is enabled by the activities like replacement of conventional grids and expansion of distribution networks, in both emerging and developed countries. Increasing global electricity demand, along with increasing global investments for the extension of transmission & distribution networks and energy efficiency, by 231 billion USD in 2016, is expected to drive the electric insulator market over the forecast period.

Ceramic Insulators – A Huge Market Potential
The ceramic insulator market is expected to witness a good growth during the forecast period, owing to its increasing applications in various industrial sectors and rural areas. Rapid development in technology is leading to the adoption of ceramic insulators in several transmission lines, because of their light weight and good mechanical strength to weight ratio. Increasing focus toward railway projects in countries, such as India, is expected to boost the demand for ceramic insulators market. Above all, increasing development of smart grids in regions like North America and Europe is expected to drive the demand for ceramic insulators, during the forecast period. Refurbishment of old transmission and distribution lines, along with new electrification projects are some of the factors driving the growth of the ceramic insulators market, over the forecast period. But, composite insulators that are 20% lower in weight than ceramic insulators, have good mechanical and electrical properties in high voltage lines and are expected to obstruct the growth of ceramic insulators.

Asia-Pacific Holds the Largest Share for Electric Insulator Market
Asia-Pacific has emerged as the one of the largest electric insulator markets. Continuous demand for electricity in highly populated countries, such as China and India has boosted the development of power transmission and distribution (T&D) infrastructure, including the insulators market. The transmission and distribution expenditure in Asia-Pacific is very high, as compared to the other regions. This, in turn, is expected to drive the electric insulator market in the region. In the region, China has accounted for approximately 30% of network spending, driven by distribution networks and a significant expansion of large-scale transmission. Rural electrification measured across the emerging markets, along with increasing demand for safe and reliable power, is expected to drive the global electric insulator market. For instance, the government in India has initiated various power sector programs to meet the huge energy requirements. The manufacturers in these regions have doubled their production capacities over the last few years, and market size of insulators is approximately INR 1800 crores. The electric insulators market in the Asia-Pacific region is highly competitive and concentrated, due to the presence of considerable number of electric insulator vendors. North America occupies the second-highest market for electric insulators after Asia-Pacific.

Electric Insulator Market Major Players
Aditya Birla Nuvo
NGK Insulators Ltd.
Siemens AG
WT Henley
Lapp Insulators
Hubbell Inc.

Reasons to Purchase Electric Insulator Market Report
Current and future outlook of the electric insulator market in the developed and emerging countries
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Identify the segment that is expected to dominate the market
Regions that are expected to witness fastest growth, during the forecast period
Identify the latest developments, market share, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in excel)
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Note: Product cover images may vary from those shown
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  • ABB
  • Aditya Birla Nuvo
  • Alstom
  • BHEL
  • Hubbell Inc.
  • Lapp Insulators
  • MORE
1. Executive Summary

2. Research Methodology
2.1 Scope of the Report
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliveravles
2.5 Research Phases

3. Electric Insulator Market Overview
3.1 Introduction
3.2 Market Size and Demand Forecast until 2023
3.4 Recent Trends and Developments
3.5 Government Policies and Regulations
3.6 Investment Opportunities
3.7 Cost Analysis

4. Market Dynamics
4.1 Electric Insulator Market Drivers
4.2 Electric Insulator Market Restraints
4.3 Electric Insulator Market Opportunities

5. Electric Insulator Market Value Chain Analysis

6. Industry Attractiveness - Porter's Five Force Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Product and Services
6.5 Intensity of Competitive Rivalry

7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast, until 2023)
7.1 Electric Insulator Market By Material
7.1.1 Ceramic/Porcelain
7.1.2 Glass
7.1.3 Composite
7.2 Electric Insulator Market By Application
7.2.1 Transformers
7.2.2 Cables and Trnsmission Lines
7.2.3 Switchgears
7.2.4 Telecommunications
7.2.5 Busbars
7.2.6 Others
7.3 Electric Insulator Market By End User
7.3.1 Utilities
7.3.2 Commercial
7.3.3 Industrial

8. Regional Electric Insulator Market Analysis (Overview, Market Size, and Demand Forecast, until 2023)
8.1 North America
8.1.1 United States
8.1.2 Canada
8.1.3 Mexico
8.1.4 Rest of North America
8.2 Europe
8.2.1 Germany
8.2.2 United Kingdom
8.2.3 France
8.2.4 Spain
8.2.5 Denmark
8.2.6 Italy
8.2.7 Rest of Europe
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.3.3 Rest of South America
8.4 Asia-Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Australia & New Zealand
8.4.6 Rest of Asia-Pacific
8.5 Middle-East & Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa

9. Electric Insulator Market Competitive Landscape
9.1 Mergers and Acquisitions
9.2 Joint Ventures, Collaborations, and Agreements
9.3 Market Share Analysis
9.4 Strategies Adopted by Leading Players

10. Electric Insulator Market Key Company Analysis (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
10.1 ABB
10.2 Aditya Birla Nuvo
10.3 NGK Insulators Ltd
10.4 Siemens AG
10.5 Alstom
10.6 Seves
10.7 BHEL
10.8 WT Henley
10.9 Maclean-Fogg
10.10 Lapp Insulators
10.11 Hubbell Inc.
*List not Exhaustive

11. Electric Insulator Market Future Outlook

12. Appendix
12.1 Contact Us
12.2 Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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4 of 5
  • ABB
  • Aditya Birla Nuvo
  • NGK Insulators Ltd
  • Siemens AG
  • Alstom
  • Seves
  • BHEL
  • WT Henley
  • Maclean-Fogg
  • Lapp Insulators
  • Hubbell Inc.
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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