Middle East & Africa Electric Insulator Market Key Players and Opportunities by 2028

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.

The UAE, South Africa, and Saudi Arabia are major economies in MEA. Surging industrialization in several countries is expected to escalate the MEA electric insulator market. Many developing countries across the region are focusing on industrialization growth. In the region, 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. Saudi Arabia is growing and diversifying its economy to achieve Vision 2030. 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. Further, industrial production in Saudi Arabia increased by 0.60% in May of 2021 over the same month in the previous year. Therefore, with the growing industrialization in developing countries, the demand for electric insulators will increase across MEA region.

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.

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 MEA electric insulator market. The MEA electric insulator market is expected to grow at a good CAGR during the forecast period.

MEA Electric Insulator Market Segmentation        
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 – ByEnd User

• Utilities
• Industries
• Other End Users

MEA Electric Insulator Market, by Country

• Saudi Arabia     
• UAE
• South Africa
• Rest of MEA

MEA 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. 

Middle East & Africa Electric Insulator Report Scope