PUBLISHER: Grand View Research | PRODUCT CODE: 1530497
PUBLISHER: Grand View Research | PRODUCT CODE: 1530497
Electrical Insulator Market Size & Trends
"2030 electrical insulator market value to reach USD 18.37 billion."
The global electrical insulator market size was estimated at USD 12.52 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2030. The market's expansion is driven by increasing infrastructural development and electrification projects worldwide, particularly in emerging economies. Rising investments in renewable energy infrastructure also contribute significantly to market growth, boosting demand for electrical insulators across various applications.
Unlike traditional ceramic insulators, composite materials offer higher resistance to pollution, reducing the risk of electrical flashovers and maintaining operational reliability in adverse conditions. These attributes make composite insulators particularly suitable for high-voltage applications such as power transmission lines and substations, where reliability and longevity are critical.
Global Electrical Insulator Market Report Segmentation
This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global electrical insulator market report based on type, voltage, application, and region:
U.S.
Canada
Mexico
Germany
UK
Spain
France
Italy
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
UAE
South Africa