NEW YORK, Aug. 31, 2023 /PRNewswire/ -- The glass insulators market is expected to increase by USD 196.4 million from 2022 to 2027, registering a CAGR of 4.17%, according to the latest research report from Technavio. The growing need for energy efficiency in buildings is a key factor driving market growth. Key energy consumption segments include commercial and residential buildings, especially those with refrigerators and air conditioners. Insulation materials are widely used to reduce energy loss, improving construction efficiency. Due to rising energy costs, governments emphasize the importance of adopting energy-efficient products to address rising energy prices. Hence, these factors are expected to drive market growth during the forecast period. Discover Electrical Components and equipment industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!
Company Landscape
The glass insulators market is fragmented and the companies are deploying organic and inorganic growth strategies to compete in the market.
Company Offering
- Glass Insulators Inc - The company offers glass insulators in two basic configurations, dual pane, and triple pane.
- Global Insulator Group LLC - The company offers glass insulators such as Suspension disc-type glass insulators, and HV glass suspension insulators.
- Incap Ltd. - The company offers glass insulators such as Suspension Insulator DC Type, Suspension Insulator Fog Type, and Suspension Insulator Standard Type.
For the market's company landscape highlights with a comprehensive list of companies and their offerings - View Sample in minutes
Key Market Segmentation
The market is segmented by type (suspension glass insulators and pin glass insulators), and application (HVAC, distribution and railway, and HVDC).
- The suspension glass insulators segment is estimated to witness significant growth during the forecast period. Suspension glass insulators are insulating devices made from glass, commonly used in overhead power transmission and distribution lines. Furthermore, they are used to hang and support conductors. These insulators are designed to withstand a wide range of voltage levels, from low voltage systems to extra high voltage (EHV) systems. Their main application is in overhead power transmission and distribution lines. Hence, these factors are expected to drive segment growth during the forecast period.
View Sample Report in minutes of this report for more highlights into the market segments.
Regional Market Outlook
By geography, the market is segmented by APAC, North America, Europe, South America, and the Middle East and Africa.
APAC is estimated to contribute 51% to the growth by 2027. China is the key contributor to the market in the region, In addition, it is a major producer and consumer of insulation material. Increasing infrastructure development, coupled with China's emergence as a global manufacturing hub, is driving the use of insulation products in the region. The growing number of construction companies in China could particularly propel market expansion. Hence, these factors are expected to drive market growth in the region during the forecast period.
For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report
Market Dynamics
- Major Trend - The green building developments influencing sales prospects is a major trend in the market.
- Significant Challenge - The lack of a skilled workforce is a significant challenge restricting market growth.
Companies Mentioned
- ELECTRO PORCELANA GAMMA SAS
- Glass Insulators Inc.
- Global Insulator Group LLC
- Hemingray Glass Company LLC
- Hubbell Inc.
- Incap Ltd.
- JSU U.M.E.K
- Lviv Insulator Co.
- MacLean Fogg Co.
- MacLean Power Systems
- Meister International LLC
- Nanjing Electric Group Co. LTD.
- SEDIVER SAS
- SEVES Group S.a r.l.
- Sichuan Yibin Global Group Co. Ltd.
- UAB AIZ
- Verescence France
- VICTOR INSULATORS INC.
- Zhejiang Jinlihua Electric Co. LTD.
- Zhejiang Tailun Insulator Co. Ltd.
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Glass Insulators Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.17% |
Market growth 2023-2027 |
USD 196.4 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.54 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 51% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ELECTRO PORCELANA GAMMA SAS, Glass Insulators Inc., Global Insulator Group LLC, Hemingray Glass Company LLC, Hubbell Inc., Incap Ltd., JSU U.M.E.K, Lviv Insulator Co., MacLean Fogg Co., MacLean Power Systems, Meister International LLC, Nanjing Electric Group Co. LTD., SEDIVER SAS, SEVES Group S.a r.l., Sichuan Yibin Global Group Co. Ltd., UAB AIZ, Verescence France, VICTOR INSULATORS INC., Zhejiang Jinlihua Electric Co. LTD., and Zhejiang Tailun Insulator Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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