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India Electric Insulator Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3137
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Market Overview:
The India electric insulator market size reached US$ 379.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 557.4 Million by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
An electric insulator is a material that exhibits low electrical conductivity as it does not consist of a free-flowing electric charge. It demonstrates high resistance when a source of electromotive force (EMF) is applied to it and can efficiently assist in concentrating the flow of electric current while averting the current from flowing in the wrong direction. Composite materials, air, rubber, plastic, wood, glass, silk, ceramic, and paper are some of the common insulating materials used for coating wires and as dielectrics in capacitors. In India, electric insulators are gaining traction as they provide protection against the hazardous effects of electricity and are widely used in electricity transmission and distribution (T&D) networks.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The India electric insulator market is primarily driven by rapid urbanization, which has increased the need for heating, ventilation, and air conditioning (HVAC) systems in the country. The growing industrial sector has further escalated the electricity consumption, providing a positive impact on the electric insulator market. Additionally, the emerging trend of privatization of the electricity distribution sector has also increased the power generation capacity, thereby expanding the transmission and distribution (T&D) infrastructure in the region. Since insulators form an essential component of these networks, their expansion is creating a positive outlook for the market. Furthermore, the government is investing heavily in refurbishing the aging grid technology and establishing smart grid vision and green energy corridors to develop a sustainable and efficient electrical network that reaches every state.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India electric insulator market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on material, voltage, category, installation, product, rating, application and end use industry.
Breakup by Material:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Ceramic/Porcelain
- Glass
- Composites
- Others
Breakup by Voltage:
- Low
- Medium
- High
Breakup by Category:
- Bushings
- Other Insulators
Breakup by Installation:
- Distribution Networks
- Transmission Lines
- Substations
- Railways
- Others
Breakup by Product:
- Pin Insulator
- Suspension Insulator
- Shackle Insulator
- Others
Breakup by Rating:
- <11 kV
- 11 kV
- 22 kV
- 33 kV
- 72.5 kV
- 145 kV
- Others
Breakup by Application:
- Transformer
- Cable
- Switchgear
- Busbar
- Surge Protection Device
- Others
Breakup by End Use Industry:
- Utilities
- Industries
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Material, Voltage, Category, Installation, Product, Rating, Application, End Use Industry, Region |
| Region Covered | North India, West and Central India, South India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The India electric insulator market was valued at US$ 379.8 Million in 2022.
We expect the India electric insulator market to exhibit a CAGR of 6.6% during 2023-2028.
The rising utilization of Heating, Ventilation and Air Conditioning (HVAC) systems, along with the continuous development of sustainable and efficient electrical networks, is primarily driving the India electric insulator market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for electric insulators.
Based on the material, the India electric insulator market has been divided into ceramic/porcelain, glass, composites, and others. Currently, ceramic/porcelain holds the largest market share.
Based on the voltage, the India electric insulator market can be segregated into low, medium, and high. Among these, high currently exhibits clear dominance in the market.
Based on the category, the India electric insulator market has been bifurcated into bushings and other insulators. Currently, bushings account for the majority of the total market share.
Based on the installation, the India electric insulator market can be segmented into distribution networks, transmission lines, substations, railways, and others, where distribution networks hold the largest market share.
Based on the product, the India electric insulator market has been divided into pin insulator, suspension insulator, shackle insulator, and others. Among these, pin insulator currently exhibits a clear dominance in the market.
Based on the rating, the India electric insulator market can be categorized into <11 kV, 11 kV, 22 kV, 33 kV, 72.5 kV, 145 kV, and others. Currently, 33kV accounts for the majority of the total market share.
Based on the application, the India electric insulator market has been segregated into transformer, cable, switchgear, busbar, surge protection device, and others. Among these, transformer currently exhibits a clear dominance in the market.
Based on the end use industry, the India electric insulator market can be bifurcated into utilities, industries, and others. Currently, utilities hold the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India electric insulator market.
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