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North America Electric Insulator Market

2021

North America 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)

Publication Month: Oct 2021 | Report Code: TIPRE00025173 | No. of Pages: 125 | Category: Electronics and Semiconductor | Status: Published

Market Insights

North America Electric Insulator Market to Grow at a CAGR of 5.3% to reach US$ 3,983.90 million from 2021 to 2028

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The North America electric insulator market is expected to grow from US$ 2,774.37 million in 2021 to US$ 3,983.90 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.


The US, Canada, and Mexico are economies in North America. Growing electricity demand is expected to escalate the market in coming years. According to the one Foundation website, the power consumption is estimated to reach 1,894.7 TWh by 2022, only in the US. 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. 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 North America region. Other factors such as growing industrialization in countries such as Mexico is also expected to surge the North America electric insulator market growth.

In case of COVID-19, North America is among the worst-hit regions by the pandemic. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. COVID-19 has negatively impacted manufacturing businesses in the region in four critical areas, such as supply chain/operations, workforce, 2020 investments, and product offering. In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. The North American market suffered a loss in the year 2020 owing to the high number of COVID-19 cases, specifically in the US. Such as, there is a decline in the power consumption of about -3.9% from past year in 2020. However, in 2021, after the uplifting of lockdowns and ongoing vaccination processes, the electricity demand in commercial and industrial areas are recovering slowly. As in US, the commercial sector demand remained around 5% in the first quarter of 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 North America electric insulator market. The North America electric insulator market is expected to grow at a good CAGR during the forecast period.

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North America Electric Insulator Market Segmentation

North America Electric Insulator Market – By Product Type

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

North America Electric Insulator Market – By Material Type

  • Ceramic
  • Glass
  • Composite

North America Electric Insulator Market – By Application

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

North America Electric Insulator Market – ByEnd User

  • Utilities
  • Industries
  • Other End Users

North America Electric Insulator Market, by Country

  • US
  • Canada
  • Mexico

North America 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.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Electric Insulator Market – By Product Type

1.3.2 North America Electric Insulator Market – By Material Type

1.3.3 North America Electric Insulator Market – By Application

1.3.4 North America Electric Insulator Market – By End User

1.3.5 North America Electric Insulator Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Electric Insulator Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Electric Insulator Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Electricity Demand

5.1.2 Increasing Industrialization in Several Countries

5.2 Market Restraints

5.2.1 Change in Raw Material Prices

5.3 Market Opportunities

5.3.1 Surging Railway Infrastructure Development

5.4 Future Trends

5.4.1 Rising Trend of Smart Cities and Smart Grids

5.5 Impact Analysis of Drivers and Restraints

6. Electric Insulator Market – North America Analysis

6.1 North America Electric Insulator Market Overview

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

7. North America Electric Insulator Market Analysis – By Product Type

7.1 Overview

7.2 North America 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. North America Electric Insulator Market Analysis – By Material Type

8.1 Overview

8.2 North America 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. North America Electric Insulator Market Analysis – By Application

9.1 Overview

9.2 North America 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. North America Electric Insulator Market Analysis– By End User

10.1 Overview

10.2 North America 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. North America Electric Insulator Market – Country Analysis

11.1 Overview

11.1.1 North America Electric Insulator Market Breakdown, by Country

11.1.1.1 US Electric Insulator Market, Revenue and Forecast to 2028

11.1.1.1.1 US Electric Insulator Market Breakdown, By Product Type

11.1.1.1.2 US Electric Insulator Market Breakdown, By Material Type

11.1.1.1.3 US Electric Insulator Market Breakdown, By Application

11.1.1.1.4 US Electric Insulator Market Breakdown, By End User

11.1.1.2 Canada Electric Insulator Market, Revenue and Forecast to 2028

11.1.1.2.1 Canada Electric Insulator Market Breakdown, By Product Type

11.1.1.2.2 Canada Electric Insulator Market Breakdown, By Material Type

11.1.1.2.3 Canada Electric Insulator Market Breakdown, By Application

11.1.1.2.4 Canada Electric Insulator Market Breakdown, By End User

11.1.1.3 Mexico Electric Insulator Market, Revenue and Forecast to 2028

11.1.1.3.1 Mexico Electric Insulator Market Breakdown, By Product Type

11.1.1.3.2 Mexico Electric Insulator Market Breakdown, By Material Type

11.1.1.3.3 Mexico Electric Insulator Market Breakdown, By Application

11.1.1.3.4 Mexico Electric Insulator Market Breakdown, By End User

12. North America Electric Insulator Market- COVID-19 Impact Analysis

12.1 North America

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. North America Electric Insulator Market – Revenue and Forecast to 2028 (US$ million)

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Electric Insulator Market Segmentation

Figure 2. North America Electric Insulator Market Segmentation – By Country

Figure 3. North America 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. The US was the Largest Revenue Contributor in 2020

Figure 8. North America– PEST Analysis

Figure 9. North America Electric Insulator Market– Ecosystem Analysis

Figure 10. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 38. Impact of COVID-19 Pandemic in North America Countries

  1. Aditya Birla Insulators
  2. General Electric Company
  3. Hitachi ABB Power Grids Group
  4. Hubbell Incorporated
  5. MacLean-Fogg Company
  6. NGK Insulators, Ltd.
  7. PFISTERER Holding AG
  8. SEVES Group
  9. Siemens AG
  10. TE Connectivity Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America electric insulator market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in North America electric insulator market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the electric insulator market, as well as those hindering it 
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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