Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Electric Insulator Market size was valued at USD 13.97 billion in 2024 and is expected to reach USD 28.02 billion by 2037, expanding at around 5.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electric insulator is assessed at USD 14.62 billion.
The growth of the market can be attributed to the rise in refurbishment of existing grid networks, and growing adoption of renewable energy resources around the world. Along with these, increasing investments in transmission and distribution networks, and escalating demand for energy globally are expected to bolster market growth in the forthcoming years. According to the U.S. Energy Information Administration (IEA), 599.459 quadrillion Btu of energy was consumed in 2018, up from 582.776 quadrillion Btu of energy in 2017. Furthermore, upsurge in the number of smart city projects, and favorable government policies regarding the establishment of smart grids are projected to offer profitable opportunities for market growth in the near future.
