The United States electric insulator market size reached US$ 2,893.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 4,011.7 Million by 2027, exhibiting a growth rate (CAGR) of 5.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
An electric insulator is a material with high resistivity and low electrical conductivity used to stop the flow of electrical current. It is also used in electrical circuits, which lowers damage to properties and lives in case of mishaps. Ceramic, glass, wood, silk, paper, wood, rubber, and plastic are some of the most commonly used electric insulating material. They are useful for coating wires and distributing electric networks and act as dielectrics in capacitors.
The United States electric insulator market is primarily driven by the growing awareness and the increasing international pressure to lower greenhouse gas emissions, which have resulted in the shift toward the adoption of renewable energy sources. The rising investments to refurbish the aging grid infrastructure has prompted the country to upgrade the network, which is expected to create a positive outlook for the market. For instance, American Electric Power, a US retail energy provider, has invested approximately US$ 9 Billion between the 2017-2019 in-state transmission system to modernize the design standards for improving efficiency and strengthening grid infrastructure. Furthermore, the growth in electricity transmission and distribution (T&D) networks is also catalyzing the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States electric insulator market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on material, voltage, category, installation, product, rating, application and end use industry.
Breakup by Material:
Breakup by Voltage:
Breakup by Category:
- Other Insulators
Breakup by Installation:
- Distribution Networks
- Transmission Lines
Breakup by Product:
- Pin Insulator
- Suspension Insulator
- Shackle Insulator
Breakup by Rating:
- <11 kV
- 11 kV
- 22 kV
- 33 kV
- 72.5 kV
- 145 kV
Breakup by Application:
- Surge Protection Device
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Material, Voltage, Category, Installation, Product, Rating, Application, End Use Industry, Region
||Northeast, Midwest, South, West
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Key Questions Answered in This Report:
- How has the United States electric insulator market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States electric insulator market?
- What are the key regional markets?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the voltage?
- What is the breakup of the market based on the category?
- What is the breakup of the market based on the installation?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the rating?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States electric insulator market and who are the key players?
- What is the degree of competition in the industry?