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HV Glass Insulator Market

Market Insights on HV Glass Insulator covering sales outlook, demand forecast & up-to-date key trends

HV Glass Insulator Market By Type (Suspension Glass Insulators, Pin Glass Insulators), Application (Distribution & Railway Applications, HVDC Applications, Others) & Region for 2022-2032

HV Glass Insulator Market Overview

The HV glass insulator market is projected to show an average growth record with a CAGR of 4.5% during the forecast period.

“Applications of glass insulators are rising to offer mechanical and electrical support to a variety of equipment and systems installed in transmission and distribution centers and substations around the world, portending a favourable growth scape for the market.”

The market for high-voltage glass insulators is expected to grow steadily over the next few years. HV glass insulator will succeed in the market despite stiff competition from other types of insulators, such as porcelain and EVA. The railway industry's demand will keep the money flowing in the market.

Attributes

Details

 HV Glass Insulator Market Size (2021)

US$ 10 Bn

 HV Glass Insulator Market CAGR (2022-2032)

4.5%

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What are the implications of government initiatives and private ventures on the HV Glass Insulator Market?

“Automation is booming in the manufacturing sector and advanced techniques for manufacturing. Smart grid projects around the globe are contributing to the growth of the HV glass insulator market.”

A recent trend of smart grid projects in counties around the globe is taking pace. Both the private sector and government are investing billions of dollars on smart suppliers of hardware, which will drive the demand in the forecast period 2022-2032. Many tier-1 and tier-2 cities from China, the U.S., etc. are part of these projects. The railways from these cities won’t let the demand for these insulators sow.

Manufacturers, on the other hand, are focusing more and more onto the Industry 4.0 trends introduced in 2020. The well-established manufacturers have doubled their production capacities over the last few years. However, the overall actual demand of the insulator is far behind the projected demand, which resulted in an overcapacity situation for this industry. Due to the building industry's shutdown during the COVID-19 pandemic, demand fell dramatically. The distribution sector of the industry was the sole source of demand.

Many countries' central governments launched a campaign to replace old insulators with new ones as a preventive step, rather than waiting for their service life to expire. During the last decade, many railway lines have had new insulators placed.

Nikhil Kaitwade
Principal Consultant
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What is the Geographical Outlook for the HV Glass Insulator Market?

“Environmentally-benign characteristics of HV glass insulator are necessary to achieve a slice of the growth pie in North America HV glass insulator market.”

According to the U.S. Energy Information Administration (EIA), Canada and the United States were the two countries with the highest electricity consumption per capita in 2017. In order to transmit and distribute such large amounts of electricity, the role of insulator is much underprivileged and hidden. Although, the sales in the U.S. and Canada have always been rising. Moreover, railways in the U.S. and Canada have always kept the demand constant.

On the downside, the key competitor of glass insulators is the porcelain insulator. The U.S. has recently seen an upsurge in the number of manufacturers of porcelain insulators. Although glass insulators have the only drawback of vandalism in coastal areas, the sales will keep rising due to its eco-friendly nature as the material is recyclable.

The situation in Europe with respect to the use of glass insulators versus porcelain insulators and the reasons for the use of either is complicated. There are whole areas of Europe where for practical purposes either porcelain or glass will be used exclusively, with virtually no chance of the other material even being considered.

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Key segments

Attributes

Details

Forecast Period

2022-2032

Historical data available for

2016-2020

Market Analysis

US$ Bn for Value and Unit for Volume

By Application

  • Distribution & Railway Applications
  • HVDC Applications
  • Others

By Type

  • Suspension Glass Insulators
  • Pin Glass Insulators

By Region

  • North America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Latin America
  • Middle East and Africa

Key Players

  • Seves Group
  • MacLean Power Systems
  • Nanjing Electric (BPG)
  • Global Insulator Group
  • Sichuan Yibin Global Group
  • ZX Insulators
  • Zhejiang Tailun Insulator
  • JSC U.M.E.K.
  • Shandong Ruitai Glass Insulator
  • Hubbell
  • Verescence La Granja Insulators
  • Zhejiang Jinlihua Electric
  • Victor Insulators
  • Dalian Insulator Group Co. Ltd

Frequently Asked Questions

The HV glass insulator market is expected to register a CAGR of 4.5% during the forecast period.

The HV glass insulator market is anticipated to grow with a valuation of around US$ 15 Bn by 2028.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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HV Glass Insulator Market