Middle East & Africa 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
The MEA region includes various well-established economies such as South Africa, the UAE, and Saudi Arabia. The growth in the electric insulator in the region is mainly due to the investment in smart grids projects and development in transmission line projects. For instance, according to a new study published by Northeast Group, LLC, in Middle East & North African (MENA) countries there will be a total investment of US$ 17.6 billion in smart grid projects from 2018 to 2027. Similarly, in June 2021, the Guinea–Mali Electric Interconnection Project, which involves the construction of a 714-km-long, 225 kV transmission line between Guinea and Mali, of which 590 km is in Guinea and 124 km in Mali, started. Further, there is a construction project of a second 400 kV Kokerboom–Auas transmission line that will ensure network stability and transmission of sufficient power. Thus, multiple ongoing projects and investments in smart grid projects and transmission lines are boosting the demand for electric insulators in the region. The region also has several manufacturers of electric insulators such as Global Insulator Group LLC and NGK Insulators, Ltd. (South Africa). These manufacturers are offering different kinds of electric insulators including shackle insulators, pin insulators, suspension insulators. This will also support the growth of the electric insulator market in the region. Due to the COVID-19 pandemic, the electricity demand was low in the region due to factories and offices shutdowns in 2020. According to the International Energy Agency report of July 2021, with the release of lockdown restrictions and the opening of factories and offices, the electricity demand will increase in countries such as Iran, Kuwait, Oman, UAE, and Iraq.
In case of COVID-19, MEA is highly affected specially Turkey and South Africa. The MEA region has a smaller number of companies operating or offering market-specific solutions. The countries such as the UAE and South Africa are adopting advanced electronics such as smartphones, smart wearables, and IoT connected devices. Increasing focus of governments toward industrialization is expected to drive the market growth in the Middle Eastern countries. Further, due to COVID-19 impact in 2020, the electricity demand was low in the region due to factories and offices shutdown. However, with uplifting of lockdowns and opening of factories and offices, the electricity demand increases in countries such as Iran, Kuwait, Oman, UAE, and Iraq, according to the International Energy Agency report of July 2021.
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Market Overview and Dynamics
The MEA electric insulator market is expected to grow from US$ 521.64 million in 2021 to US$ 700.45 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. Escalating electricity demand across the region is expected to fuel the MEA electric insulator market. The growing population demands more electricity. With the increase in the electricity demand across residential, commercial, and industrial applications, more transmission and distribution networks are needed to provide electricity across the region. The energy sector is likely to account for 24% of capital expenditure over FY 2019–2025. Moreover, it is also estimated that electricity’s share of the total energy demand is expected to be more than double in 2050, driven by substantial electrification in the transport, buildings, and manufacturing sectors. Therefore, the increasing demand for electricity and rising investments in transmission and distribution networks are boosting the need for electric insulators across MEA region.
Key Market Segments
In terms of product type, the pin insulator segment accounted for the largest share of the MEA electric insulator market in 2020. In terms of material type, the ceramic segment held a larger market share of the MEA electric insulator market in 2020. In terms of application, the transformer segment held a larger market share of the MEA electric insulator market in 2020. Further, the utilities segment held a larger share of the MEA 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 MEA 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 MEA 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 MEA electric insulator market
- Efficiently plan M&A and partnership deals in MEA 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 MEA electric insulator market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Electric Insulator Market Segmentatio
MEA Electric Insulator Market - By Product Type
- Shackle Insulator
- Pin Insulator
- Suspension Insulator
- Other Product Types
MEA Electric Insulator Market - By Material Type
- Ceramic
- Glass
- Composite
MEA Electric Insulator Market - By Application
- Transformer
- Busbar
- Cable
- Switchgear
- Surge Protection Device
- Other Applications
MEA Electric Insulator Market - By End User
- Utilities
- Industries
- Other End Users
MEA Electric Insulator Market - By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
MEA Electric Insulator Market - Company Profiles
- 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
- TE Connectivity Ltd.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Electric Insulator Market – By Product Type
1.3.2 MEA Electric Insulator Market – By Material Type
1.3.3 MEA Electric Insulator Market – By Application
1.3.4 MEA Electric Insulator Market – By End User
1.3.5 MEA Electric Insulator Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Electric Insulator Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Electric Insulator Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Electricity Demand
5.1.2 Surging Industrialization in Several Countries
5.2 Market Restraints
5.2.1 Variations in Raw Material Prices
5.2.2
5.3 Market Opportunities
5.3.1 Growing Railway Infrastructure Development
5.4 Future Trends
5.4.1 Burgeoning Trend of Smart Cities and Smart Grids
5.5 Impact Analysis of Drivers and Restraints
6. Electric Insulator Market – MEA Analysis
6.1 MEA Electric Insulator Market Overview
6.2 MEA Electric Insulator Market –Revenue and Forecast to 2028 (US$ million)
7. MEA Electric Insulator Market Analysis – By Product Type
7.1 Overview
7.2 MEA 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. MEA Electric Insulator Market Analysis – By Material Type
8.1 Overview
8.2 MEA 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. MEA Electric Insulator Market Analysis – By Application
9.1 Overview
9.2 MEA 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. MEA Electric Insulator Market Analysis– By End User
10.1 Overview
10.2 MEA 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. MEA Electric Insulator Market – Country Analysis
11.1 Overview
11.1.1 MEA Electric Insulator Market Breakdown, By Country
11.1.1.1 Saudi Arabia Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)
11.1.1.1.1 Saudi Arabia Electric Insulator Market Breakdown, By Product Type
11.1.1.1.2 Saudi Arabia Electric Insulator Market Breakdown, By Material Type
11.1.1.1.3 Saudi Arabia Electric Insulator Market Breakdown, By Application
11.1.1.1.4 Saudi Arabia Electric Insulator Market Breakdown, By End User
11.1.1.2 .UAE Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)
11.1.1.2.1 UAE Electric Insulator Market Breakdown, By Product Type
11.1.1.2.2 UAE Electric Insulator Market Breakdown, By Material Type
11.1.1.2.3 UAE Electric Insulator Market Breakdown, By Application
11.1.1.2.4 UAE Electric Insulator Market Breakdown, By End User
11.1.1.3 South Africa Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)
11.1.1.3.1 South Africa Electric Insulator Market Breakdown, By Product Type
11.1.1.3.2 South Africa Electric Insulator Market Breakdown, By Material Type
11.1.1.3.3 South Africa Electric Insulator Market Breakdown, By Application
11.1.1.3.4 South Africa Electric Insulator Market Breakdown, By End User
11.1.1.4 Rest of MEA Electric Insulator Market, Revenue and Forecast to 2028 (US$ million)
11.1.1.4.1 Rest of MEA Electric Insulator Market Breakdown, By Product Type
11.1.1.4.2 Rest of MEA Electric Insulator Market Breakdown, By Material Type
11.1.1.4.3 Rest of MEA Electric Insulator Market Breakdown, By Application
11.1.1.4.4 Rest of MEA Electric Insulator Market Breakdown, By End User
12. MEA Electric Insulator Market- COVID-19 Impact Analysis
12.1 MEA
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. MEA Electric Insulator Market – Revenue and Forecast to 2028 (US$ million)
Table 2. MEA Electric Insulator Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 3. Saudi Arabia Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 4. Saudi Arabia Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 5. Saudi Arabia Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 6. Saudi Arabia Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 7. UAE Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 8. UAE Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 9. UAE Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 10. UAE Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 11. South Africa Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 12. South Africa Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 13. South Africa Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 14. South Africa Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 15. Rest of MEA Electric Insulator Market, Revenue and Forecast to 2028 – By Product Type (US$ million)
Table 16. Rest of MEA Electric Insulator Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 17. Rest of MEA Electric Insulator Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 18. Rest of MEA Electric Insulator Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Electric Insulator Market Segmentation
Figure 2. MEA Electric Insulator Market Segmentation – By Country
Figure 3. MEA 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. Rest of MEA was the Largest Revenue Contributor in 2020
Figure 8. MEA – PEST Analysis
Figure 9. MEA Electric Insulator Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. MEA Electric Insulator Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Electric Insulator Market – Revenue and Forecast to 2028 (US$ million)
Figure 13. MEA Electric Insulator Market Revenue Share, By Product Type (2020 and 2028)
Figure 14. MEA Shackle Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 15. MEA Pin Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 16. MEA Suspension Insulator: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 17. MEA Other Product Types: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 18. MEA Electric Insulator Market Revenue Share, By Material Type (2020 and 2028)
Figure 19. MEA Ceramic: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 20. MEA Glass: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 21. MEA Composite: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 22. MEA Electric Insulator Market Revenue Share, By Application (2020 and 2028)
Figure 23. MEA Transformer: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 24. MEA Busbar: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 25. MEA Cable: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 26. MEA Switchgear: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 27. MEA Surge Protection Device: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 28. MEA Other Applications: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 29. MEA Electric Insulator Market Revenue Share, By End User (2020 and 2028)
Figure 30. MEA Utilities: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 31. MEA Industries: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 32. MEA Other End Users: Electric Insulator Market Revenue and Forecast to 2028 (US$ million)
Figure 33. MEA: Electric Insulator Market, by Key Country – Revenue (2020) (USD Million)
Figure 34. MEA Electric Insulator Market Breakdown, By Country, 2020 & 2028 (%)
Figure 35. Saudi Arabia Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)
Figure 36. UAE Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)
Figure 37. South Africa Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)
Figure 38. Rest of MEA Electric Insulator Market, Revenue and Forecast To 2028 (US$ million)
Figure 39. Impact of COVID-19 Pandemic in MEA Country Markets
- 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
- TE Connectivity Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA electric insulator market.
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