Asia-Pacific Electric Insulator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Shackle Insulator, Pin Insulator, Suspension Insulator, and Other Product Types), Material Type (Ceramic, Glass, and Composite), Application (Transformer, Busbar, Cable, Switchgear, Surge Protection Device, and Other Applications), and End User (Utilities, Industries, and Other End Users)

Market Introduction

APAC includes various well-established economies such as China, India, Japan, Australia, and South Korea. APAC is the major market for electric insulators because of increasing urbanization, growing population, and rising industrial sector in countries such as China and India. The governments of countries in APAC are planning to invest in the development of electric grids and power generation, which would further boost the demand for insulators in the region. For instance, with the revolving Industry 4.0, the industrial sector is also boosting due to the integration of production machines, wireless connectivity, sensors, and other advanced technologies such as artificial intelligence and the internet of things. Thus, with the growth in the industrial sector, the use of electric insulators in transformers, switchgear, electric cables, protection devices, is also increasing. Further, the multiple transmission and distribution line projects help in the growth of the electric insulator market. For instance, in July 2021, Turkmenenergo started a project transmission infrastructure ring comprising 1,000 km line and two 500 kV and two 220 kV substations in Turkmenistan. It is aimed at increasing the production of electricity, improving the quality of energy-saving, and significantly increasing the electricity export potential. This project is funded by Asian Development Bank. Secondly, in June 2021, a 500 kV TAP power interconnection project started, which is one of the most important regional energy projects and will enable power trade among the three countries of Turkmenistan, Afghanistan, and Pakistan. Therefore, multiple transmission and distribution line projects are increasing the demand for electric insulators in the region.

In case of COVID-19, APAC is highly affected specially India. The COVID-19 that emerged in China has affected several neighboring countries such as India, South Korea, and Japan, among others. China and India are the most prominent manufacturing hub in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdown but soon expected to recover the development by enhancing the production capabilities in the second half of the year 2021. The imposition of a ban on commercial activities has disrupted the industrial supply chains in APAC region, leading to raw material shortages. Further, due to COVID-19 outbreak, the demand of electricity in the region falls in 2020. However, with uplifting of lockdown in 2021, the electricity demand and production both increasing due to the working of industrial and commercial sector. Therefore, with growing electricity demand, the need for electric insulator is also rising.

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Market Overview and Dynamics

The APAC electric insulator market is expected to grow from US$ 3,614.23 million in 2021 to US$ 5,764.49 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028. Rising railway infrastructure development is expected to surge the market growth in coming years. With the growing railway lines and seaports construction, the demand for electric insulators increases as it is used for electrification in railway lines and seaports. For instance, as of Statista data of 2020, countries such as India has more than 1,100 km length of only high-speed railway network. Further, several ongoing projects are running in the railway sector in India. For instance, a contract was assigned to railway authorities for the construction of the high-speed railway. Therefore, with the expansion of seaports and railway tracks, the demand for electric insulators is expected to increase across APAC region.

Key Market Segments

In terms of product type, the pin insulator segment accounted for the largest share of the APAC electric insulator market in 2020. In terms of material type, the ceramic segment held a larger market share of the APAC electric insulator market in 2020. In terms of application, the transformer segment held a larger market share of the APAC electric insulator market in 2020. Further, the utilities segment held a larger share of the APAC electric insulator market based on end user in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC electric insulator market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aditya Birla Insulators; General Electric Company; Hitachi ABB Power Grids Group; Hubbell Incorporated; MacLean-Fogg Company; NGK Insulators, Ltd.; PFISTERER Holding AG; SEVES Group; Siemens AG; and TE Connectivity Ltd.

Reasons to buy report

To understand the APAC electric insulator market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC electric insulator market
Efficiently plan M&A and partnership deals in APAC electric insulator market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC electric insulator market
Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Electric Insulator Market Segmentation

APAC Electric Insulator Market - By Product Type

Shackle Insulator
Pin Insulator
Suspension Insulator
Other Product Types

APAC Electric Insulator Market - By Material Type

Ceramic
Glass
Composite

APAC Electric Insulator Market - By Application

APAC Electric Insulator Market - By End User

Utilities
Industries
Other End Users

APAC Electric Insulator Market - By Country

APAC Electric Insulator Market - Company Profiles

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Electric Insulator Market – By Product Type

1.3.2 APAC Electric Insulator Market – By Material Type

1.3.3 APAC Electric Insulator Market – By Application

1.3.4 APAC Electric Insulator Market – By End User

1.3.5 APAC Electric Insulator Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Electric Insulator Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Electric Insulator Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Electricity Demand

5.1.2 Escalating Industrialization in Developing Countries

5.2 Market Restraints

5.2.1 Raw Material Prices Fluctuation

5.3 Market Opportunities

5.3.1 Rising Railway Infrastructure Development

5.4 Future Trends

5.4.1 Growing Trend of Smart Cities and Smart Grids

5.5 Impact Analysis of Drivers and Restraints

6. Electric Insulator Market – APAC Analysis

6.1 APAC Electric Insulator Market Overview

6.2 APAC Electric Insulator Market –Revenue and Forecast to 2028 (US$ million)

7. APAC Electric Insulator Market Analysis – By Product Type

7.1 Overview

7.2 APAC Electric Insulator Market Breakdown, By Product Type, 2020 and 2028

7.3 Shackle Insulator

7.3.1 Overview

7.3.2 Shackle Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

7.4 Pin Insulator

7.4.1 Overview

7.4.2 Pin Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

7.5 Suspension Insulator

7.5.1 Overview

7.5.2 Suspension Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

7.6 Other Product Types

7.6.1 Overview

7.6.2 Other Product Types: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

8. APAC Electric Insulator Market Analysis – By Material Type

8.1 Overview

8.2 APAC Electric Insulator Market Breakdown, By Material Type, 2020 and 2028

8.3 Ceramic

8.3.1 Overview

8.3.2 Ceramic: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

8.4 Glass

8.4.1 Overview

8.4.2 Glass: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

8.5 Composite

8.5.1 Overview

8.5.2 Composite: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

9. APAC Electric Insulator Market Analysis – By Application

9.1 Overview

9.2 APAC Electric Insulator Market Breakdown, By Application, 2020 and 2028

9.3 Transformer

9.3.1 Overview

9.3.2 Transformer: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

9.4 Busbar

9.4.1 Overview

9.4.2 Busbar: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

9.5 Cable

9.5.1 Overview

9.5.2 Cable: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

9.6 Switchgear

9.6.1 Overview

9.6.2 Switchgear: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

9.7 Surge Protection Device

9.7.1 Overview

9.7.2 Surge Protection Device: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

9.8 Other Applications

9.8.1 Overview

9.8.2 Other Applications: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

10. APAC Electric Insulator Market Analysis– By End User

10.1 Overview

10.2 APAC Electric Insulator Market Breakdown, By End User, 2020 and 2028

10.3 Utilities

10.3.1 Overview

10.3.2 Utilities: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

10.4 Industries

10.4.1 Overview

10.4.2 Industries: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

10.5 Other End Users

10.5.1 Overview

10.5.2 Other End Users: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

11. APAC Electric Insulator Market – Country Analysis

11.1 Overview

11.1.1 APAC Electric Insulator Market Breakdown, by Country

11.1.1.1 Australia Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)

11.1.1.1.1 Australia Electric Insulator Market Breakdown, By Product Type

11.1.1.1.2 Australia Electric Insulator Market Breakdown, By Material Type

11.1.1.1.3 Australia Electric Insulator Market Breakdown, By Application

11.1.1.1.4 Australia Electric Insulator Market Breakdown, By End User

11.1.1.2 China Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)

11.1.1.2.1 China Electric Insulator Market Breakdown, By Product Type

11.1.1.2.2 China Electric Insulator Market Breakdown, By Material Type

11.1.1.2.3 China Electric Insulator Market Breakdown, By Application

11.1.1.2.4 China Electric Insulator Market Breakdown, By End User

11.1.1.3 India Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)

11.1.1.3.1 India Electric Insulator Market Breakdown, By Product Type

11.1.1.3.2 India Electric Insulator Market Breakdown, By Material Type

11.1.1.3.3 India Electric Insulator Market Breakdown, By Application

11.1.1.3.4 India Electric Insulator Market Breakdown, By End User

11.1.1.4 Japan Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)

11.1.1.4.1 Japan Electric Insulator Market Breakdown, By Product Type

11.1.1.4.2 Japan Electric Insulator Market Breakdown, By Material Type

11.1.1.4.3 Japan Electric Insulator Market Breakdown, By Application

11.1.1.4.4 Japan Electric Insulator Market Breakdown, By End User

11.1.1.5 South Korea Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)

11.1.1.5.1 South Korea Electric Insulator Market Breakdown, By Product Type

11.1.1.5.2 South Korea Electric Insulator Market Breakdown, By Material Type

11.1.1.5.3 South Korea Electric Insulator Market Breakdown, By Application

11.1.1.5.4 South Korea Electric Insulator Market Breakdown, By End User

11.1.1.6 Rest of APAC Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)

11.1.1.6.1 Rest of APAC Electric Insulator Market Breakdown, By Product Type

11.1.1.6.2 Rest of APAC Electric Insulator Market Breakdown, By Material Type

11.1.1.6.3 Rest of APAC Electric Insulator Market Breakdown, By Application

11.1.1.6.4 Rest of APAC Electric Insulator Market Breakdown, By End User

12. APAC Electric Insulator Market- COVID-19 Impact Analysis

12.1 APAC

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition

13.4 New Development

14. Company Profiles

14.1 Hitachi ABB Power Grids Group

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Aditya Birla Insulators

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 General Electric Company

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Hubbell Incorporated

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 MacLean-Fogg Company

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 NGK Insulators, Ltd.

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 PFISTERER Holding AG

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 SEVES Group

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Siemens AG

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 TE Connectivity Ltd.

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES

Table 1. APAC Electric Insulator Market – Revenue and Forecast to 2028 (US$ million)

Table 2. APAC Electric Insulator Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 3. Australia Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 4. Australia Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 5. Australia Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 6. Australia Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 7. China Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 8. China Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 9. China Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 10. China Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 11. India Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 12. India Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 13. India Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 14. India Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 15. Japan Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 16. Japan Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 17. Japan Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 18. Japan Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 19. South Korea Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 20. South Korea Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 21. South Korea Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 22. South Korea Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 23. Rest of APAC Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 24. Rest of APAC Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 25. Rest of APAC Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 26. Rest of APAC Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)

Table 27. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Electric Insulator Market Segmentation

Figure 2. APAC Electric Insulator Market Segmentation – By Country

Figure 3. APAC Electric Insulator Market Overview

Figure 4. Pin Insulator Type Held the Largest Market Share in 2020

Figure 5. Ceramic Held the Largest Market Share in 2020

Figure 6. Utilities End User Held the Largest Market Share in 2020

Figure 7. China was the Largest Revenue Contributor in 2020

Figure 8. APAC – PEST Analysis

Figure 9. APAC Electric Insulator Market– Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. APAC Electric Insulator Market: Impact Analysis of Drivers and Restraints

Figure 12. APAC Electric Insulator Market – Revenue and Forecast to 2028 (US$ million)

Figure 13. APAC Electric Insulator Market Revenue Share, By Product Type (2020 and 2028)

Figure 14. APAC Shackle Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 15. APAC Pin Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 16. APAC Suspension Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 17. APAC Other Product Types: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 18. APAC Electric Insulator Market Revenue Share, By Material Type (2020 and 2028)

Figure 19. APAC Ceramic: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 20. APAC Glass: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 21. APAC Composite: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 22. APAC Electric Insulator Market Revenue Share, By Application (2020 and 2028)

Figure 23. APAC Transformer: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 24. APAC Busbar: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 25. APAC Cable: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 26. APAC Switchgear: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 27. APAC Surge Protection Device: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 28. APAC Other Applications: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 29. APAC Electric Insulator Market Revenue Share, By End User (2020 and 2028)

Figure 30. APAC Utilities: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 31. APAC Industries: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 32. APAC Other End Users: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)

Figure 33. APAC: Electric Insulator Market, by Key Country – Revenue (2020) (USD Million)

Figure 34. APAC Electric Insulator Market Breakdown, by Country, 2020 & 2028 (%)

Figure 35. Australia Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)

Figure 36. China Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)

Figure 37. India Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)

Figure 38. Japan Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)

Figure 39. South Korea Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)

Figure 40. Rest of APAC Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)

Figure 41. Impact of COVID-19 Pandemic in APAC Country Markets

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