South America Electric Insulator Market Key Players and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

South 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)

Report Date : Oct 2021
Report Code : TIPRE00025177

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 126

Page Updated: Oct 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The SAM electric insulator market is expected to grow from US$ 782.67 million in 2021 to US$ 1,151.02 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.

Brazil and Argentina are major economies in SAM. Increasing electricity demand across the region is expected to surge the SAM 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 SAM region.

In case of COVID-19, SAM is highly affected specially Brazil followed by Peru, Chile, Colombia, and Ecuador, among others. The SAM countries have been witnessing growth in several industries over the past few years. Industries such as automotive, aerospace, and equipment manufacturing have experienced a fair growth rate; however, the COVID-19 outbreak has created a significant turmoil among the manufacturers across the industries in the region. The Government of SAM has taken an array of actions to protect its citizens and contain the COVID-19 spread. Further, due to the COVID-19 impact, the demand of electric insulator has decreases across the region. Such as, according to the Statista data 2020, around 23% of declined in the electricity has been observed in Argentina and around 26% declined Peru, both in March month. However, with the uplifting of lockdowns, and opening of factories and offices, the electricity demand increases slowly in countries such as Brazil, Argentina, and Peru, among others. It helps in the growth of electric insulator market 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 SAM electric insulator market. The SAM electric insulator market is expected to grow at a good CAGR during the forecast period.
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SAM Electric Insulator Market Segmentation

SAM Electric Insulator Market – By Product Type

Shackle Insulator
Pin Insulator
Suspension Insulator
Other Product Types

SAM Electric Insulator Market – By Material Type

Ceramic
Glass
Composite

SAM Electric Insulator Market – By Application

Transformer
Busbar
Cable
Switchgear
Surge Protection Device
Other Applications

SAM Electric Insulator Market – ByEnd User

Utilities
Industries
Other End Users

SAM Electric Insulator Market, by Country

Brazil
Argentina
Rest of SAM

SAM 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.

South America Electric Insulator Report Scope

Report Attribute	Details
Market size in 2021	US$ 782.67 Million
Market Size by 2028	US$ 1,151.02 Million
Global CAGR (2021 - 2028)	5.7%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Type Shackle Insulator Pin Insulator Suspension Insulator Other Product Types By Material Type Ceramic Glass Composite By Application Transformer Busbar Cable Switchgear Surge Protection Device Other Applications By End User Utilities Industries Other End Users
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key 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

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the South America Electric Insulator Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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