North America Electric Insulator Market Trends, Share by 2031
The North America electric insulator market size is projected to reach US$ 5.51 billion by 2031 from US$ 3.48 billion in 2023. The market is expected to register a CAGR of 5.9% during 2023–2031. Expansion of transmission and distribution infrastructure is likely to remain one of the key market trends.
North America Electric Insulator Market Analysis
An electrical insulator is a substance that resists the flow of electric current. Its principal function is to oppose or obstruct the movement of electric charges, preventing the inadvertent transfer of electricity between conducting materials. The North America electric Insulator market is mainly driven by the increasing demand of electric insulators in the power grid utility sector. With ageing power grid components, there is an increasing focus on replacing the critical grid components in the region. This is driving the North America market growth.
Electric Insulator Market Overview
Electric insulators are crucial for ensuring stability and safety in power transmission and distribution applications by protecting various components, such as substation equipment, transmission lines, and steel towers, from the unwanted flow of current. Electric insulators are used extensively to provide mechanical support and electrical protection to several systems and equipment that are deployed in transmission and distribution centers and substations worldwide. Further, the companies operating in this market are focusing on providing high-quality electric insulators by using advanced technologies and superior materials to meet the growing demands of end users. Pin insulators, suspension insulators, strain insulators, post insulators, and shackle insulators are a few of the key types of electric insulators that are being used in transmission, substation, distribution, and railways applications. These insulators are used for low, medium, and high voltage applications in several industries and utilities. The growing investment in renewable energy and refurbishment of existing grids is driving the North America electric insulator market. Moreover, the market holds a huge opportunity owing to rising investment in smart grids, which will further drive the North America electric insulator market.
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North America Electric Insulator Market: Strategic Insights
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North America Electric Insulator Market: Strategic Insights
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Electric Insulator Market Drivers and Opportunities
Aging Grid and Transmission Infrastructure to Favor Market
According to the White House, most of the electric grids in the US were built in the 1960s and 1970s. Currently, over 70% of the electricity grids in the country are more than 25 years old. Due to such aging infrastructure, the citizens have to face various challenges. For example, as per the data from the U.S. Energy Information Administration, in 2021, US electricity customers were without power for more than seven hours on average. More than five of those seven hours were during different major events, such as snowstorms, hurricanes, and wildfires. This shows that the country's existing energy infrastructure will not be able to endure the continuing impacts of extreme weather events such as Hurricane Ida, Dixie Wildfire, and the 2021 Texas Freeze. Furthermore, the lifespan of transmission infrastructure lasts between 50 and 80 years. For the regular and uninterrupted supply of electricity, the need for regular maintenance and replacement of transmission infrastructure is required. According to the 2022 report from the transmission policy group Grid Strategies, American Electric Power, an energy company that owns 40,000 miles of transmission lines, announced that 30% of its transmission lines need to be replaced over the next 10 years. Thus, the aging grid and transmission infrastructure is fueling the need for refurbishment of the existing infrastructure, propelling the growth of the electric insulator market in North America.
Rising Investment in Smart Grids
As American homes and companies incorporate a growing number of electronic gadgets and technical capabilities, the need for utilities to learn about changing electricity demand in real time is increasing. In this case, integrating smart grids can assist in giving all grid customers more dependable electricity. To cater to this, the governments of various countries in North America are investing in smart grids. For instance, in September 2022, the US Department of Energy (DoE) was working on seeking input on a US$ 10.5 billion program for smart grids and other upgrades to strengthen the electricity grid of the country. This funding is allocated in three parts, under which US$ 2.5 billion will be used for grid resilience, US$ 3 billion for smart grids, and US$ 5 billion for grid innovation. Similarly, in September 2023, the government of Canada announced that, through its Smart Renewables and Electrification Pathways Program (SREPs), it will provide approximately US$ 3.27 billion (CAD 4.5 billion) until 2035 for smart renewable energy and electrical grid modernization projects. Thus, the rising investment in the smart grid infrastructure is expected to create an opportunity for the growth of the North America electric insulator market.
North America Electric Insulator Market Report Segmentation Analysis
Key segments that contributed to the derivation of the North America electric insulator market analysis are type, material type, voltage, application, and end user.
- Based on type, the North America electric insulator market is divided into pin insulators, suspension insulators, molded insulators, and others. The pin insulators segment held the largest market share in 2023.
- Based on material type, the market is divided into ceramic, composite, glass, and others. The ceramic segment held the largest market share in 2023.
- Based on voltage, the market is divided into low, medium, and high. The medium segment held the largest market share in 2023.
- By application, the market is segmented into transformers, switchgear, busbars, cables, surge protection devices, and others. The transformers segment held the largest share of the market in 2023.
- By end user, the market is segmented into utilities, industries, and others. The utilities segment held the largest share of the market in 2023.
North America Electric Insulator Market Share Analysis by Country
The geographic scope of the North America electric insulator market report is mainly divided into the US, Canada, and Mexico.
The North America electric insulator market is segmented into the US, Canada, and Mexico. The region is witnessing a rise in the demand for electricity owing to the economic and population growth. According to the International Energy Agency (IEA), in 2021, the total electricity production was 5,397,346 GWh, 19% of the global share. Also, as per the same source, natural gas is the largest source of electricity generation in the region, contributing ~36% of the total electricity generation. Similarly, hydropower, wind, and solar PV contribute 12.8%, 8.1%, and 3.1%, respectively, in total electricity generation.
To increase electricity generation from renewable sources, the governments of various countries in the region are taking different initiatives. For instance, on April 4, 2024, the US Department of the Interior announced an investment of US$ 19 million to install solar panels over irrigation canals in Oregon, California, and Utah, which will simultaneously decrease evaporation of critical water supplies and advance clean energy goals. Similarly, in September 2023, the government of Canada announced it would support the funding for 12 clean energy projects across Alberta. The funding for these projects has been provided through the Smart Renewables and Electrification Pathways Program (SREP). The program will invest ~US$ 3.32 billion (CAD 4.5 billion) by 2035 for smart renewable energy and electrical grid modernization projects. Thus, such government initiatives in renewable electricity generation are expected to fuel the growth of the electrical insulators market in the region.
North America Electric Insulator Market Report Scope
North America Electric Insulator Market News and Recent Developments
The North America electric insulator market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the North America electric insulator market are listed below:
- Blackstone announced that private equity funds affiliated with Blackstone had closed the acquisition of Power Grid Components, Inc. ("PGC") from Shorehill Capital LLC. (Source: Power Grid Components Inc., Press Release, December 2023)
- The Spanish Private Equity fund PHI Industrial finalized the acquisition of Lapp Insulators, a ceramic insulator company headquartered in Germany, a carve-out from the German multinational Pfisterer. Details of the transaction have not been disclosed. (Source: Lapp Insulators Group, Newsletter, January 2022)
North America Electric Insulator Market Report Coverage and Deliverables
The “North America Electric Insulator Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- North America electric insulator market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- North America electric insulator market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- North America electric insulator market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the North America electric insulator market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The North America Electric Insulator market was estimated to be US$ 3.5 Billion in 2023 and is expected to grow at a CAGR of 5.9% during the forecast period 2023- 2031.
Rise in investment in renewable energy projects and ageing grid transmission infrastructure are the major factors that propel the North America Electric Insulator market.
Expansion of transmission and distribution infrastructureis anticipated to play a significant role in the North America Electric Insulator market in the coming years.
The incremental growth expected to be recorded for the North America Electric Insulator market during the forecast period is US$ 2.02 billion.
The North America Electric Insulator market is expected to reach US$ 5.51 billion by 2031.
The key players holding majority shares in the North America Electric Insulator market are Hitachi Energy Ltd, Hubbell Inc., MacLean Power LLC, TE Connectivity Ltd, and Lapp Insulators Group.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. North America Electric Insulator Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.4 Average Selling Price by Type
5. North America Electric Insulator Market – Key Market Dynamics
5.1 North America Electric Insulator Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Investment in Renewable Energy Projects
5.2.2 Aging Grid and Transmission Infrastructure
5.3 Market Restraints
5.3.1 Fluctuation in Raw Material Prices
5.4 Market Opportunities
5.4.1 Rising Investment in Smart Grids
5.5 Future Trends
5.5.1 Expansion of Transmission and Distribution Infrastructure
5.6 Impact of Drivers and Restraints:
6. North America Electric Insulator Market Analysis
6.1 North America Electric Insulator Market Revenue (US$ Million), 2023–2031
6.2 North America Electric Insulator Market Forecast and Analysis
7. North America Electric Insulator Market Analysis – by Type
7.1 Pin Insulator
7.1.1 Overview
7.1.2 Pin Insulator: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Suspension Insulator
7.2.1 Overview
7.2.2 Suspension Insulator: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Molded Insulator
7.3.1 Overview
7.3.2 Molded Insulator: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
8. North America Electric Insulator Market Analysis – by Material Type
8.1 Ceramic
8.1.1 Overview
8.1.2 Ceramic: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Composite
8.2.1 Overview
8.2.2 Composite: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
8.2.2.1 Silicone Rubber
8.2.2.1.1 Overview
8.2.2.1.2 Silicone Rubber: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
8.2.2.2 Epoxy Resin
8.2.2.2.1 Overview
8.2.2.2.2 Epoxy Resin: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
8.2.2.3 Others
8.2.2.3.1 Overview
8.2.2.3.2 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Glass
8.3.1 Overview
8.3.2 Glass: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
9. North America Electric Insulator Market Analysis – by Voltage
9.1 Medium
9.1.1 Overview
9.1.2 Medium: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
9.2 High
9.2.1 Overview
9.2.2 High: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Low
9.3.1 Overview
9.3.2 Low: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10. North America Electric Insulator Market Analysis – by Application
10.1 Cable
10.1.1 Overview
10.1.2 Cable: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.1 Ceramics: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.2 Composite: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.3 Glass: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.4 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Transformer
10.2.1 Overview
10.2.2 Transformer: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.2.2.1 Ceramics: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.2.2.2 Composite: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.2.2.3 Glass: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.2.2.4 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Switchgear
10.3.1 Overview
10.3.2 Switchgear: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.3.2.1 Ceramics: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.3.2.2 Composite: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.3.2.3 Glass: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.3.2.4 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Busbar
10.4.1 Overview
10.4.2 Busbar: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.4.2.1 Ceramics: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.4.2.2 Composite: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.4.2.3 Glass: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.4.2.4 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Surge Protection Device
10.5.1 Overview
10.5.2 Surge Protection Device: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.5.2.1 Ceramics: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.5.2.2 Composite: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.5.2.3 Glass: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.5.2.4 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
11. North America Electric Insulator Market Analysis – by End User
11.1 Utilities
11.1.1 Overview
11.1.2 Utilities: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
11.2 Industries
11.2.1 Overview
11.2.2 Industries: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
11.3 Others
11.3.1 Overview
11.3.2 Others: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
12. North America Electric Insulator Market – Country Analysis
12.1 North America
12.1.1 North America Electric Insulator Market Revenue and Forecast and Analysis – by Country
12.1.1.1 North America Electric Insulator Market Revenue and Forecast and Analysis – by Country
12.1.1.2 United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
12.1.1.2.1 United States: North America Electric Insulator Market Breakdown by Type
12.1.1.2.2 United States: North America Electric Insulator Market Breakdown by Type
12.1.1.2.3 United States: North America Electric Insulator Market Breakdown by Material Type
12.1.1.2.3.1 United States: North America Electric Insulator Market Breakdown by Composite
12.1.1.2.4 United States: North America Electric Insulator Market Breakdown by Voltage
12.1.1.2.5 United States: North America Electric Insulator Market Breakdown by Application
12.1.1.2.5.1 United States: North America Electric Insulator Market Breakdown by Cable
12.1.1.2.5.2 United States: North America Electric Insulator Market Breakdown by Transformer
12.1.1.2.5.3 United States: North America Electric Insulator Market Breakdown by Switchgear
12.1.1.2.5.4 United States: North America Electric Insulator Market Breakdown by Busbar
12.1.1.2.5.5 United States: North America Electric Insulator Market Breakdown by Surge Protection Device
12.1.1.2.6 United States: North America Electric Insulator Market Breakdown by End User
12.1.1.3 Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
12.1.1.3.1 Canada: North America Electric Insulator Market Breakdown by Type
12.1.1.3.2 Canada: North America Electric Insulator Market Breakdown by Type
12.1.1.3.3 Canada: North America Electric Insulator Market Breakdown by Material Type
12.1.1.3.3.1 Canada: North America Electric Insulator Market Breakdown by Composite
12.1.1.3.4 Canada: North America Electric Insulator Market Breakdown by Voltage
12.1.1.3.5 Canada: North America Electric Insulator Market Breakdown by Application
12.1.1.3.5.1 Canada: North America Electric Insulator Market Breakdown by Cable
12.1.1.3.5.2 Canada: North America Electric Insulator Market Breakdown by Transformer
12.1.1.3.5.3 Canada: North America Electric Insulator Market Breakdown by Switchgear
12.1.1.3.5.4 Canada: North America Electric Insulator Market Breakdown by Busbar
12.1.1.3.5.5 Canada: North America Electric Insulator Market Breakdown by Surge Protection Device
12.1.1.3.6 Canada: North America Electric Insulator Market Breakdown by End User
12.1.1.4 Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
12.1.1.4.1 Mexico: North America Electric Insulator Market Breakdown by Type
12.1.1.4.2 Mexico: North America Electric Insulator Market Breakdown by Type
12.1.1.4.3 Mexico: North America Electric Insulator Market Breakdown by Material Type
12.1.1.4.3.1 Mexico: North America Electric Insulator Market Breakdown by Composite
12.1.1.4.4 Mexico: North America Electric Insulator Market Breakdown by Voltage
12.1.1.4.5 Mexico: North America Electric Insulator Market Breakdown by Application
12.1.1.4.5.1 Mexico: North America Electric Insulator Market Breakdown by Cable
12.1.1.4.5.2 Mexico: North America Electric Insulator Market Breakdown by Transformer
12.1.1.4.5.3 Mexico: North America Electric Insulator Market Breakdown by Switchgear
12.1.1.4.5.4 Mexico: North America Electric Insulator Market Breakdown by Busbar
12.1.1.4.5.5 Mexico: North America Electric Insulator Market Breakdown by Surge Protection Device
12.1.1.4.6 Mexico: North America Electric Insulator Market Breakdown by End User
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 Mergers and Acquisitions
15. Company Profiles
15.1 Hitachi Energy Ltd
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Hubbell Inc
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 MacLean Power LLC
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 TE Connectivity Ltd
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Lapp Insulators Group
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Powertelcom
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Power Grid Components Inc.
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Peak Demand Inc.
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Victor Insulators, Inc.
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 CK Composites Co., LLC.
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Word Index
List of Tables
Table 1. North America Electric Insulator Market Segmentation
Table 2. List of Vendors
Table 3. North America Electric Insulators Market, By Type, 2021-2031 (ASP US$)
Table 4. North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 6. North America Electric Insulator Market – Revenue and Forecast to 2031 (Million Units) – by Type
Table 7. North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 8. North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Voltage
Table 9. North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 10. North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 11. North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 12. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 13. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (Million Units) – by Type
Table 14. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 15. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Composite
Table 16. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Voltage
Table 17. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 18. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Cable
Table 19. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Transformer
Table 20. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Switchgear
Table 21. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Busbar
Table 22. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Surge Protection Device
Table 23. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 24. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 25. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (Million Units) – by Type
Table 26. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 27. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Composite
Table 28. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Voltage
Table 29. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 30. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Cable
Table 31. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Transformer
Table 32. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Switchgear
Table 33. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Busbar
Table 34. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Surge Protection Device
Table 35. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 36. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 37. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (Million Units) – by Type
Table 38. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 39. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Composite
Table 40. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Voltage
Table 41. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 42. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Cable
Table 43. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Transformer
Table 44. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Switchgear
Table 45. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Busbar
Table 46. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by Surge Protection Device
Table 47. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 48. List of Abbreviation
List of Figures
Figure 1. North America Electric Insulator Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: North America Electric Insulator Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Electric Insulator Market Breakdown by Geography, 2023 and 2031 (%)
Figure 6. North America Electric Insulator Market Revenue (US$ Million), 2023–2031
Figure 7. North America Electric Insulator Market Share (%) – by Type, 2023 and 2031
Figure 8. Pin Insulator: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 9. Suspension Insulator: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 10. Molded Insulator: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 11. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 12. North America Electric Insulator Market Share (%) – by Material Type, 2023 and 2031
Figure 13. Ceramic: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 14. Composite: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 15. Silicone Rubber: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 16. Epoxy Resin: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 17. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 18. Glass: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 19. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 20. North America Electric Insulator Market Share (%) – by Voltage, 2023 and 2031
Figure 21. Medium: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 22. High: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 23. Low: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 24. North America Electric Insulator Market Share (%) – by Application, 2023 and 2031
Figure 25. Cable: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 26. Ceramics: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 27. Composite: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 28. Glass: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 29. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 30. Transformer: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 31. Ceramics: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 32. Composite: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 33. Glass: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 34. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 35. Switchgear: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 36. Ceramics: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 37. Composite: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 38. Glass: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 39. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 40. Busbar: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 41. Ceramics: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 42. Composite: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 43. Glass: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 44. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 45. Surge Protection Device: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 46. Ceramics: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 47. Composite: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 48. Glass: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 49. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 50. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 51. North America Electric Insulator Market Share (%) – by End User, 2023 and 2031
Figure 52. Utilities: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 53. Industries: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 54. Others: North America Electric Insulator Market– Revenue and Forecast to 2031 (US$ Million)
Figure 55. North America Electric Insulator Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 56. United States: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
Figure 57. Canada: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
Figure 58. Mexico: North America Electric Insulator Market – Revenue and Forecast to 2031 (US$ Million)
Figure 59. Heat Map Analysis by Key Players
Figure 60. Company Positioning and Concentration
- Hitachi Energy Ltd
- Hubbell Inc
- MacLean Power LLC
- TE Connectivity Ltd
- Lapp Insulators Group
- Powertelcom
- Power Grid Components Inc.
- Peak Demand Inc.
- Victor Insulators, Inc.
- CK Composites Co., LLC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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