PUBLISHER: Allied Market Research | PRODUCT CODE: 1140244
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140244
The global glass insulators market was valued at $345.8 million in 2021, and is projected to reach $504.6 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031.
Glass insulator are electrical insulator formed by combining several elements, such as lime and quartz powder, at high temperatures. Glass insulators offer high resistance, high tensile strength, a low thermal expansion coefficient, and very little relative temperature variation deformation. They are employed in a variety of locations, including low-voltage and high-voltage lines, power plants, substations, and at residential, commercial, and industrial. The glass insulator market's for medium voltage range is anticipated to experience the quickest growth throughout the forecast. During the anticipated time, this is projected to boost the demand for glass insulators.
High investment in the power sector, rising adoption of smart grid technologies, as well as advancement of power transmission and distribution infrastructure. Furthermore, increasing R&D investment toward evolving grid networks due to rise in electricity demand accelerates the glass insulator market growth.
The glass insulator market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into suspension glass insulator and pin glass insulator. On the basis of application, the market is divided into distribution & railway, HVDC and HVAC. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Application
By Region