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 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. |