PUBLISHER: KBV Research | PRODUCT CODE: 1462378
PUBLISHER: KBV Research | PRODUCT CODE: 1462378
North America Composite Insulators Market Size, Share & Trends Analysis Report By Voltage (Medium, High, and Low), By Product (Pin, Suspension, Shackle, and Others), By End Use, By Application By Country and Growth Forecast, 2024 - 2031
The North America Composite Insulators Market would witness market growth of 3.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America Composite Insulators Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,025.6 million by 2031. The Canada market is experiencing a CAGR of 6.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.2% during (2024 - 2031).
In recent years, the market has experienced remarkable growth and evolution, driven by advancements in materials science, increasing demand for reliable power infrastructure, and the need for sustainable and cost-effective solutions in the energy sector. These insulators, also known as polymer insulators or non-ceramic insulators, have emerged as a viable alternative to traditional porcelain or glass insulators, offering superior performance, durability, and versatility across various applications.
The adoption of these insulators has gained momentum across various industries and sectors, including power transmission and distribution, railways, renewable energy, and industrial applications. Utilities, infrastructure developers, and engineering firms are increasingly recognizing the benefits of these insulators in terms of reliability, safety, and lifecycle cost savings. As a result, these insulators are being integrated into new infrastructure projects and retrofitting initiatives, replacing outdated and less efficient porcelain or glass insulators.
As per the data from the International Trade Administration, in 2022, the installed capacity of Mexico's clean energy plants (renewable and non-renewable) was 31,369 MW, which represented an increase of 1.81 percent in comparison to the previous year, when the installed capacity of clean energy accounted for 30,812 MW. Furthermore, as per Statistics Canada, in 2021, manufacturing revenues reached $15.5 billion compared to $14.4 billion in 2020, an increase of 8.1%. Total revenues were $17.9 billion in 2021, increasing from $16.3 billion in 2020. In 2021, net revenues reached $2.02 billion compared to $1.96 billion in 2020, which increased by 3%. Therefore, the growing manufacturing and renewable energy sectors in North America will assist in the expansion of the regional market.
Based on Voltage, the market is segmented into Medium, High, and Low. Based on Product, the market is segmented into Pin, Suspension, Shackle, and Others. Based on End Use, the market is segmented into Utilities, Industries, and Others. Based on Application, the market is segmented into Transformers, Cables, Switchgears, Busbars, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- TE Connectivity Ltd.
- Hubbell Incorporated
- Victor Insulators, Inc.
- ABB Ltd.
- General Electric Company
- Siemens AG
- Olectra Greentech Limited (MEGHA ENGINEERING & INFRASTRUCTURES LIMITED)
- Yamuna Power & Infrastructure Ltd.
- METTZ Group
- FCI KOMPOZIT SZIGETELo KFT.
North America Composite Insulators Market Report Segmentation
By Voltage
- Medium
- High
- Low
By Product
- Pin
- Suspension
- Shackle
- Others
By End Use
- Utilities
- Industries
- Others
By Application
- Transformers
- Cables
- Switchgears
- Busbars
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Composite Insulators Market, by Voltage
- 1.4.2North America Composite Insulators Market, by Product
- 1.4.3North America Composite Insulators Market, by End Use
- 1.4.4North America Composite Insulators Market, by Application
- 1.4.5North America Composite Insulators Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.North America Composite Insulators Market by Voltage
- 4.1North America Medium Market by Country
- 4.2North America High Market by Country
- 4.3North America Low Market by Country
Chapter 5.North America Composite Insulators Market by Product
- 5.1North America Pin Market by Country
- 5.2North America Suspension Market by Country
- 5.3North America Shackle Market by Country
- 5.4North America Others Market by Country
Chapter 6.North America Composite Insulators Market by End Use
- 6.1North America Utilities Market by Country
- 6.2North America Industries Market by Country
- 6.3North America Others Market by Country
Chapter 7.North America Composite Insulators Market by Application
- 7.1North America Transformers Market by Country
- 7.2North America Cables Market by Country
- 7.3North America Switchgears Market by Country
- 7.4North America Busbars Market by Country
- 7.5North America Others Market by Country
Chapter 8.North America Composite Insulators Market by Country
- 8.1US Composite Insulators Market
- 8.1.1US Composite Insulators Market by Voltage
- 8.1.2US Composite Insulators Market by Product
- 8.1.3US Composite Insulators Market by End Use
- 8.1.4US Composite Insulators Market by Application
- 8.2Canada Composite Insulators Market
- 8.2.1Canada Composite Insulators Market by Voltage
- 8.2.2Canada Composite Insulators Market by Product
- 8.2.3Canada Composite Insulators Market by End Use
- 8.2.4Canada Composite Insulators Market by Application
- 8.3Mexico Composite Insulators Market
- 8.3.1Mexico Composite Insulators Market by Voltage
- 8.3.2Mexico Composite Insulators Market by Product
- 8.3.3Mexico Composite Insulators Market by End Use
- 8.3.4Mexico Composite Insulators Market by Application
- 8.4Rest of North America Composite Insulators Market
- 8.4.1Rest of North America Composite Insulators Market by Voltage
- 8.4.2Rest of North America Composite Insulators Market by Product
- 8.4.3Rest of North America Composite Insulators Market by End Use
- 8.4.4Rest of North America Composite Insulators Market by Application
Chapter 9.Company Profiles
- 9.1Victor Insulators, Inc.
- 9.1.1Company Overview
- 9.2Olectra Greentech Limited (Megha Engineering & Infrastructures Limited)
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.3Yamuna Power & Infrastructure Ltd.
- 9.3.1Company Overview
- 9.4METTZ Group
- 9.4.1Company Overview
- 9.5FCI kompozit szigetelo kft.
- 9.5.1Company Overview
- 9.6TE Connectivity Ltd.
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5SWOT Analysis
- 9.7ABB Ltd.
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5SWOT Analysis
- 9.8Hubbell Incorporated
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental and Regional Analysis
- 9.8.4Research & Development Expenses
- 9.8.5SWOT Analysis
- 9.9General Electric Company
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expense
- 9.9.5SWOT Analysis
- 9.10.Siemens AG
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expense
- 9.10.5SWOT Analysis
LIST OF TABLES
- TABLE 1North America Composite Insulators Market, 2020 - 2023, USD Million
- TABLE 2North America Composite Insulators Market, 2024 - 2031, USD Million
- TABLE 3North America Composite Insulators Market by Voltage, 2020 - 2023, USD Million
- TABLE 4North America Composite Insulators Market by Voltage, 2024 - 2031, USD Million
- TABLE 5North America Medium Market by Country, 2020 - 2023, USD Million
- TABLE 6North America Medium Market by Country, 2024 - 2031, USD Million
- TABLE 7North America High Market by Country, 2020 - 2023, USD Million
- TABLE 8North America High Market by Country, 2024 - 2031, USD Million
- TABLE 9North America Low Market by Country, 2020 - 2023, USD Million
- TABLE 10North America Low Market by Country, 2024 - 2031, USD Million
- TABLE 11North America Composite Insulators Market by Product, 2020 - 2023, USD Million
- TABLE 12North America Composite Insulators Market by Product, 2024 - 2031, USD Million
- TABLE 13North America Pin Market by Country, 2020 - 2023, USD Million
- TABLE 14North America Pin Market by Country, 2024 - 2031, USD Million
- TABLE 15North America Suspension Market by Country, 2020 - 2023, USD Million
- TABLE 16North America Suspension Market by Country, 2024 - 2031, USD Million
- TABLE 17North America Shackle Market by Country, 2020 - 2023, USD Million
- TABLE 18North America Shackle Market by Country, 2024 - 2031, USD Million
- TABLE 19North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 20North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 21North America Composite Insulators Market by End Use, 2020 - 2023, USD Million
- TABLE 22North America Composite Insulators Market by End Use, 2024 - 2031, USD Million
- TABLE 23North America Utilities Market by Country, 2020 - 2023, USD Million
- TABLE 24North America Utilities Market by Country, 2024 - 2031, USD Million
- TABLE 25North America Industries Market by Country, 2020 - 2023, USD Million
- TABLE 26North America Industries Market by Country, 2024 - 2031, USD Million
- TABLE 27North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 28North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 29North America Composite Insulators Market by Application, 2020 - 2023, USD Million
- TABLE 30North America Composite Insulators Market by Application, 2024 - 2031, USD Million
- TABLE 31North America Transformers Market by Country, 2020 - 2023, USD Million
- TABLE 32North America Transformers Market by Country, 2024 - 2031, USD Million
- TABLE 33North America Cables Market by Country, 2020 - 2023, USD Million
- TABLE 34North America Cables Market by Country, 2024 - 2031, USD Million
- TABLE 35North America Switchgears Market by Country, 2020 - 2023, USD Million
- TABLE 36North America Switchgears Market by Country, 2024 - 2031, USD Million
- TABLE 37North America Busbars Market by Country, 2020 - 2023, USD Million
- TABLE 38North America Busbars Market by Country, 2024 - 2031, USD Million
- TABLE 39North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 40North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 41North America Composite Insulators Market by Country, 2020 - 2023, USD Million
- TABLE 42North America Composite Insulators Market by Country, 2024 - 2031, USD Million
- TABLE 43US Composite Insulators Market, 2020 - 2023, USD Million
- TABLE 44US Composite Insulators Market, 2024 - 2031, USD Million
- TABLE 45US Composite Insulators Market by Voltage, 2020 - 2023, USD Million
- TABLE 46US Composite Insulators Market by Voltage, 2024 - 2031, USD Million
- TABLE 47US Composite Insulators Market by Product, 2020 - 2023, USD Million
- TABLE 48US Composite Insulators Market by Product, 2024 - 2031, USD Million
- TABLE 49US Composite Insulators Market by End Use, 2020 - 2023, USD Million
- TABLE 50US Composite Insulators Market by End Use, 2024 - 2031, USD Million
- TABLE 51US Composite Insulators Market by Application, 2020 - 2023, USD Million
- TABLE 52US Composite Insulators Market by Application, 2024 - 2031, USD Million
- TABLE 53Canada Composite Insulators Market, 2020 - 2023, USD Million
- TABLE 54Canada Composite Insulators Market, 2024 - 2031, USD Million
- TABLE 55Canada Composite Insulators Market by Voltage, 2020 - 2023, USD Million
- TABLE 56Canada Composite Insulators Market by Voltage, 2024 - 2031, USD Million
- TABLE 57Canada Composite Insulators Market by Product, 2020 - 2023, USD Million
- TABLE 58Canada Composite Insulators Market by Product, 2024 - 2031, USD Million
- TABLE 59Canada Composite Insulators Market by End Use, 2020 - 2023, USD Million
- TABLE 60Canada Composite Insulators Market by End Use, 2024 - 2031, USD Million
- TABLE 61Canada Composite Insulators Market by Application, 2020 - 2023, USD Million
- TABLE 62Canada Composite Insulators Market by Application, 2024 - 2031, USD Million
- TABLE 63Mexico Composite Insulators Market, 2020 - 2023, USD Million
- TABLE 64Mexico Composite Insulators Market, 2024 - 2031, USD Million
- TABLE 65Mexico Composite Insulators Market by Voltage, 2020 - 2023, USD Million
- TABLE 66Mexico Composite Insulators Market by Voltage, 2024 - 2031, USD Million
- TABLE 67Mexico Composite Insulators Market by Product, 2020 - 2023, USD Million
- TABLE 68Mexico Composite Insulators Market by Product, 2024 - 2031, USD Million
- TABLE 69Mexico Composite Insulators Market by End Use, 2020 - 2023, USD Million
- TABLE 70Mexico Composite Insulators Market by End Use, 2024 - 2031, USD Million
- TABLE 71Mexico Composite Insulators Market by Application, 2020 - 2023, USD Million
- TABLE 72Mexico Composite Insulators Market by Application, 2024 - 2031, USD Million
- TABLE 73Rest of North America Composite Insulators Market, 2020 - 2023, USD Million
- TABLE 74Rest of North America Composite Insulators Market, 2024 - 2031, USD Million
- TABLE 75Rest of North America Composite Insulators Market by Voltage, 2020 - 2023, USD Million
- TABLE 76Rest of North America Composite Insulators Market by Voltage, 2024 - 2031, USD Million
- TABLE 77Rest of North America Composite Insulators Market by Product, 2020 - 2023, USD Million
- TABLE 78Rest of North America Composite Insulators Market by Product, 2024 - 2031, USD Million
- TABLE 79Rest of North America Composite Insulators Market by End Use, 2020 - 2023, USD Million
- TABLE 80Rest of North America Composite Insulators Market by End Use, 2024 - 2031, USD Million
- TABLE 81Rest of North America Composite Insulators Market by Application, 2020 - 2023, USD Million
- TABLE 82Rest of North America Composite Insulators Market by Application, 2024 - 2031, USD Million
- TABLE 83Key Information - Victor Insulators, Inc.
- TABLE 84Key Information - Olectra Greentech Limited
- TABLE 85Key Information - Yamuna Power & Infrastructure Ltd.
- TABLE 86Key Information - METTZ Group
- TABLE 87Key Information - FCI kompozit szigetelo kft.
- TABLE 88Key information -TE Connectivity Ltd.
- TABLE 89Key Information - ABB Ltd.
- TABLE 90Key Information - Hubbell Incorporated
- TABLE 91Key Information - General Electric Company
- TABLE 92Key Information - Siemens AG
