Electric Insulator Sector: Growth Drivers and Challenges
Growth Drivers
- Rise in Refurbishment of Existing Grid Networks
- Growing Adoption of Renewable Energy Resources Worldwide
Challenges
- Rapidly Changing Prices of Raw Materials
Electric Insulator Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.5% |
|
Base Year Market Size (2024) |
USD 13.97 billion |
|
Forecast Year Market Size (2037) |
USD 28.02 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of electric insulator is assessed at USD 14.62 billion.
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.
Asia Pacific industry is expected to hold largest revenue share by 2037, 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.
