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Glass Insulators Market

Glass Insulators Market Size, Share & Trends Analysis Report By Type (Suspension Glass Insulators, Pin Glass Insulators), By Application (Distribution & Railway Applications, HVDC Applications, HVAC Applications Services), By Region, And By Segment Forecasts, 2024-2031

Report ID : 2084 | Published : 2024-04-11 | Pages: 179 | Format: PDF/EXCEL

Glass Insulators Market Size is valued at USD 351.37 Mn in 2023 and is predicted to reach USD 450.97 Mn by the year 2031 at a 3.28% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the report:

  • Glass insulators are witnessing growing adoption in high-voltage transmission lines due to their superior electrical and mechanical properties.
  • Manufacturers are focusing on product innovation and the development of eco-friendly insulating materials to enhance performance and sustainability.
  • In 2022, the suspension glass insulators market segment held the leading position in terms of size.
  • The HVAC applications category generated the highest revenue. Given its substantial energy consumption, the HVAC sector places great emphasis on energy efficiency

 

glass insulators

Glass is a fantastic electrical insulator because of its high dielectric strength. Glass can serve as an electrical insulator in either its toughened or annealed forms. Transmission towers and distribution poles are common locations for these devices. Because of its insulating properties, glass insulators are increasingly being used in electrical components, surge protection devices, cables, and switchgear. This demand is fueled by the expansion of technology in the electrical, distribution & railway, smart grid, and other sectors. As a result, demand for glass insulators is expected to rise. Due to its high dielectric and tensile strength, glass insulators are commonly employed as surge protectors in off-grid equipment, transformers, and substations. Costly raw materials used to produce glass insulators and stricter regulations on carbon dioxide emissions have hampered the market's growth. 

In addition, key players increased focus on new product development and strategic collaborations led to the growth of the global glass insulators market. Companies in the glass insulators market can anticipate substantial development prospects and increased spending on cutting-edge technology. It drives expansion globally and is expected to boost market expansion in the coming years. Furthermore, increasing R&D activities and investments by prominent players are expected to create lucrative growth opportunities in revenue for players operating in the global glass insulators market over the forecast period.

Competitive Landscape

Some Major Key Players In The Glass Insulators Market:

  • Zhejiang Jinlihua Electric Co., Ltd.
  • Zhejiang Tailun Insulator Co. Ltd.
  • ZX Insulators
  • Maclean power systems
  • Incap Limited
  • Sichuan Yibin Global Group
  • JSC U.M.E.K.
  • VERESCENCE La Granja Insulators
  • Global Insulator Group
  • Nanjing Electric
  • Hubbell Incorporated
  • Gamma Insulator (Corona Group)
  • Seves Group
  • Victor Insulators
  • SHANDONG RUITAI 
  • GLASS INSULATOR CO.LTD 
  • Lapp Insulators
  • ABB
  • Lviv Insulator Company
  • Sediver
  • TE Connectivity
  • Others

Recent Developments:

  • In January 2022, Incap Corporation entered into a contractual agreement to obtain complete ownership of AWS Electronics Group, a company situated in the United Kingdom. AWS Electronics is a prominent Electronics Manufacturing Services (EMS) provider that specialises in offering high-complexity services. The company operates production sites in both the United Kingdom and Slovakia.

Market Segmentation

The glass insulators market is segmented based on type and application. Based on type, suspension glass insulators and pin glass insulators. By application segment comprises distribution & railway applications, HVDC applications, and HVAC applications services.

Based On The Type, The Suspension Glass Insulators Segment Is Accounted As A Major Contributor To The Glass Insulators Market. 

The suspension glass insulators glass insulators category is expected to record a major global market share in 2022. Due to its insulating property and high electrical resistance property, suspension glass insulator is used widely as electrical parts for surge protection device in cables, switchgear, and smart grid. This is because of the rise in industrialization, urbanization, disposable income, and the electrical, distribution, HVAC, and smart grid industries.

The HVAC Applications Services Segment Witnessed Growth At A Rapid Rate

The HVAC applications services segment is projected to grow rapidly in the global glass insulators market because AC power is needed for today's appliances. Converting DC power to AC requires more expensive converter stations installed at terminals. Therefore, the need for adaptable AC transmission tools is anticipated to rise, especially in countries like the US, Germany, the UK, China, and India.

In The Region, The North American Glass Insulators Market Holds A Significant Revenue Share.

The North American glass insulators market is expected to register the maximum market share in revenue in the near future. It can be attributed to the insulator sector developments. Glass insulators are needed for new transmission lines and substations to accommodate renewable energy installations. Possible increased demand for glass insulators in the region due to the advent of cleaner, more sustainable energy sources.

In addition, the presence of key market competitors and improvements in glass insulator technology fuel expansion in the region's industries. In addition, Asia Pacific is projected to grow rapidly in the global glass insulators market, boosting electrical power output. Higher voltage transmission lines are needed, which in turn require high voltage glass insulators and growing financial support from the business.

Glass Insulators Market Report Scope:

Report Attribute

Specifications

Market Size Value In 2023

USD 351.37 Mn

Revenue Forecast In 2031

USD 450.97 Mn

Growth Rate CAGR

CAGR of 3.28% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Mn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Type, By Application

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Zhejiang Jinlihua Electric Co., Ltd., Zhejiang Tailun Insulator Co. Ltd., ZX Insulators, Maclean power systems, Incap Limited, Sichuan Yibin Global Group, JSC U.M.E.K., VERESCENCE La Granja Insulators, Global Insulator Group, Nanjing Electric, Hubbell Incorporated, Gamma Insulator (Corona Group), Seves Group, Victor Insulators, Shandong Ruitai , Glass Insulator Co.Ltd, Lapp Insulators, ABB, Lviv Insulator Company, Sediver, TE Connectivity, Others

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Glass Insulators Market Snapshot

Chapter 4. Global Glass Insulators Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis

5.1. By Type, & Market Share, 2019 & 2031

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Type:

5.2.1. Suspension Glass Insulators

5.2.2. Pin Glass Insulators

Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis

6.1. By Application & Market Share, 2019 & 2031

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Application:

6.2.1. Distribution & Railway Applications

6.2.2. HVDC Applications

6.2.3. HVAC Applications 

Chapter 7. Glass Insulators Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Glass Insulators Market revenue (US$ Million) estimates and forecasts By Type, 2019-2031

7.1.2. North America Glass Insulators Market revenue (US$ Million) estimates and forecasts By Application, 2019-2031

7.1.3. North America Glass Insulators Market revenue (US$ Million) estimates and forecasts by country, 2019-2031

7.2. Europe

7.2.1. Europe Glass Insulators Market revenue (US$ Million) By Type, 2019-2031

7.2.2. Europe Glass Insulators Market revenue (US$ Million) By Application, 2019-2031

7.2.3. Europe Glass Insulators Market revenue (US$ Million) by country, 2019-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Glass Insulators Market revenue (US$ Million) By Type, 2019-2031

7.3.2. Asia Pacific Glass Insulators Market revenue (US$ Million) By Application, 2019-2031

7.3.3. Asia Pacific Glass Insulators Market revenue (US$ Million) by country, 2019-2031

7.4. Latin America

7.4.1. Latin America Glass Insulators Market revenue (US$ Million) By Type, (US$ Million) 2019-2031

7.4.2. Latin America Glass Insulators Market revenue (US$ Million) By Application, (US$ Million) 2019-2031

7.4.3. Latin America Glass Insulators Market revenue (US$ Million) by country, 2019-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Glass Insulators Market revenue (US$ Million) By Type, (US$ Million) 2019-2031

7.5.2. Middle East & Africa Glass Insulators Market revenue (US$ Million) By Application, (US$ Million) 2019-2031

7.5.3. Middle East & Africa Glass Insulators Market revenue (US$ Million) by country, 2019-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Victor Insulators,

8.2.2. Seves Group,

8.2.3. Gamma Insulator (Corona Group),

8.2.4. JSC U.M.E.K.,

8.2.5. Global Insulator Group,

8.2.6. maclean power systems,

8.2.7. ZX Insulators,

8.2.8. Zhejiang Jinlihua Electric Co., Ltd.,

8.2.9. Zhejiang Tailun Insulator Co. Ltd.,

8.2.10. Nanjing Electric,

8.2.11. Hubbell Incorporated,

8.2.12. SHANDONG RUITAI GLASS INSULATOR CO.LTD,

8.2.13. VERESCENCE La Granja Insulators,

8.2.14. Sichuan Yibin Global Group,

8.2.15. Incap Limited

Segmentation of Glass Insulators Market-

Glass Insulators Market By Type -

  • Suspension Glass Insulators
  • Pin Glass Insulators

glass insulators

Glass Insulators Market By Application -

  • Distribution & Railway Applications
  • HVDC Applications
  • HVAC Applications Services

Glass Insulators Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Glass Insulators Market Size?

Glass Insulators Market is expected to grow at a 3.28% CAGR during the forecast period for 2024-2031.

Victor Insulators, Shandong Ruitai , Glass Insulator Co.Ltd, Lapp Insulators, ABB, Lviv Insulator Company, Sediver, TE Connectivity, Others

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