Europe Electric Insulator Market Overview and Growth by 2028

The Europe electric insulator market is expected to grow from US$ 2,631.58 million in 2021 to US$ 3,709.42 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The UK, Germany, France, Italy, and Russia are major economies in Europe. Growing industrialization in several countries is expected to surge the Europe Electric Insulator market in coming years. Many developing countries across the region are focusing on industrialization growth. In several countries, the governments are focusing on developing industries under the “Make in Country’ program. It is a major national program of the governments designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property, and build best-in-class manufacturing infrastructure in the country. The focus of the program is on 25 sectors, including automobiles, automobile components, aviation, biotechnology, chemicals, construction, defense manufacturing electrical machinery, electronic systems, food processing, IT & BPM, leather, media and entertainment, mining, oil and gas, pharmaceuticals, ports and shipping, railways, renewable energy, roads and highways, space, textile and garments, thermal power, tourism and hospitality, and wellness. The development and growth of the industrial and manufacturing industry are being catalyzed by an attractive ecosystem consisting of industrial cities, well-developed infrastructure, high-quality utility supplies, and a well-established logistics network. Therefore, with the growing industrialization in developing countries, the demand for electric insulators will increase across Europe region.

In case of COVID-19, France is one of the hardest-hit countries by the outbreak across Europe region.  It is expected to suffer an economic hit due to a lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in the UK, the electric insulator manufacturing in industries is expected to get hampered. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, and energy & power. Further, due to COVID-19 impact, the demand for electricity in the region decreases, as in 2020, the demand from the commercial sector in UK fell to negative 25% in second quarter. However, in 2021, with the uplifting of lockdowns and vaccination processes, the demand for electricity in industrial and commercial sector is recovering significantly that leads to the growth of electric insulator in the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe electric insulator market. The Europe electric insulator market is expected to grow at a good CAGR during the forecast period.

Europe Electric Insulator Market Segmentation   

Europe Electric Insulator Market – By Product Type

• Shackle Insulator
• Pin Insulator
• Suspension Insulator
• Other Product Types

Europe Electric Insulator Market – By Material Type

• Ceramic
• Glass
• Composite

Europe Electric Insulator Market – By Application

• Transformer
• Busbar
• Cable
• Switchgear
• Surge Protection Device
• Other Applications

Europe Electric Insulator Market – ByEnd User

• Utilities
• Industries
• Other End Users

Europe Electric Insulator Market, by Country

• Germany
• France
• Italy
• UK  
• Russia
• Rest of Europe

Europe Electric Insulator Market -Companies Mentioned

• 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. 

Europe Electric Insulator Report Scope