Electric Insulator Market Analysis

The market is segmented by type into ceramic, glass, and composite, out of which, the composite segment is anticipated to observe a notable growth in the global electric insulator market. Properties of the material such as high shock resistance, excellent transmission line aesthetics and ease of installation are predicted to boost the growth of this market segment in the coming years. Apart from this, the ceramic segment is predicted to acquire the largest share over the forecast period owing to the rising expansion of transmission and distribution network that uses ceramic electric insulators. Additionally, on the basis of application, the transformer segment is assessed to witness robust growth in the future, which can be credited to the growing installation of transformers to meet the surging electricity requirements across the globe.

Our in-depth analysis of the global market includes the following segments:

By Material Type

Ceramic
Glass
Composite

By Application

Transformer
Cables
Busbar

By End User

Residential
Commercial
Industrial

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of electric insulator is evaluated at USD 13.82 billion.

Electric Insulator Market size was valued at USD 13.24 billion in 2023 and is set to cross USD 26.56 billion by 2036, expanding at more than 5.5% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by rise in refurbishment of existing grid networks, and growing adoption of renewable energy resources worldwide.

Asia Pacific industry is poised to dominate majority revenue share by 2036, owing to rapidly growing population and urbanization, and increasing demand for power in the region.

The major players in the market are ABB, Ltd., Siemens AG, General Electric Company, Seves Group, Bharat Heavy Electricals Limited, and others.

Electric Insulator Market Analysis