Industrial Insulator Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Industrial insulators are used to create air gap for ensuring an effective insulation between two or more conductors. Insulators form an integral part of transmission & distribution and help in resisting stresses as well such as against heat, cold, and contamination. Modernization of outdated transmission and distribution (T&D) technology in developed nations along with the adoption of renewable power across the globe are some key drivers boosting the growth of market. Industrial insulators form an integral part of T&D infrastructure and are used in substations to provide electrical insulation and mechanical support for various electrical components.

MARKET SCOPE

The "Global Industrial Insulator Market Analysis to 2031" is a specialized and in-depth study of the power equipment with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial insulator market with detailed market segmentation by type, voltage, applications, end user and geography. The report provides key statistics on the market status of the leading industrial insulator market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• On the basis of type the market is segmented into ceramic, glass and composite insulator
• On the basis voltage, the market is segmented as low-voltage, medium-voltage and high-voltage
• On the basis application, the market is segmented as cables & transmission lines, transformers, switchgears, bus bar, surge protection devices, and others
• On the basis end user, the market is segmented as utilities, commercial and industrial, and others

MARKET DYNAMICS

Drivers  

 

• Increasing energy demand is expected to increase the T&D line length which helps drives the market growth
• Rising demand for composite insulators owing to their lightweight and good electrical and mechanical properties

Restraints

• Stringent government regulations and policies restraints the market growth

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The industrial insulator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the industrial insulator market in these regions.

IMPACT OF COVID-19 ON INDUSTRIAL INSULATOR MARKET

The outbreak of the COVID-19 has severely impacted the energy and power industry, which resulted decline in the industrial insulator market in the year 2021. The pandemic severely impacted the lockdown restrictions imposed by various governments globally affected the end-user demand, as electric construction remained halted during the year 2021. Additionally, disruptions in the supply chain and global shipping have also affected the market. However, from 2021, with ease in restriction an upsurge in industrial activities has been witnessed which have fueled the demand for industrial insulator. Thus, the pandemic recovery period has created promising growth prospects for the industrial insulator market. With the rapid integration of renewables and distributed technologies onto the grid, utilities are increasingly upgrading their existing infrastructure. The development of renewable-based power generation is expected to result in the expansion of T&D infrastructure, resulting in an increase in demand for industrial insulators over the coming years. Thus, the emergence of pandemic had halted the ongoing projects and industrial activities which hampered the market growth, which later started to recovery during the pandemic recovery period and anticipated to propel the market growth over the coming years. 

MARKET PLAYERS

The report covers key developments in the industrial insulator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the industrial insulator market are anticipated to provide lucrative growth opportunities in the future owing to growing demand for power and wide scope application in industrial applications.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial insulator market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• ABB
• Alstom
• Hubbell
• Lapp Insulator Group
• Siemens AG
• Toshiba Corporation
• Aditya Birla Nuvo Ltd.
• Seves Group
• MacLean-Fogg
• Bharat Heavy Electricals Limited

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Industrial Insulator Report Scope