South America Electric Insulator Market to Grow at a CAGR of 5.7% to reach US$ 1,151.02 million from 2021 to 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 Code : TIPRE00025177
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 126
Buy Now

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.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

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. 
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 SAM Electric Insulator Market – By Product Type

1.3.2 SAM Electric Insulator Market – By Material Type

1.3.3 SAM Electric Insulator Market – By Application

1.3.4 SAM Electric Insulator Market – By End User

1.3.5 SAM Electric Insulator Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Electric Insulator Market Landscape

4.1 Market Overview

4.2 SAM PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. SAM Electric Insulator Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Electricity Demand

5.1.2 Industrial Growth in Developing Countries

5.2 Market Restraints

5.2.1 Fluctuation in Raw Material Prices

5.3 Market Opportunities

5.3.1 Railway Infrastructure Development

5.4 Future Trends

5.4.1 Trend of Smart Cities and Smart Grids

5.5 Impact Analysis of Drivers and Restraints

6. Electric Insulator Market – SAM Analysis

6.1 SAM Electric Insulator Market Overview

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

7. SAM Electric Insulator Market Analysis – By Product Type

7.1 Overview

7.2 SAM 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. SAM Electric Insulator Market Analysis – By Material Type

8.1 Overview

8.2 SAM 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. SAM Electric Insulator Market Analysis – By Application

9.1 Overview

9.2 SAM 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. SAM Electric Insulator Market Analysis– By End User

10.1 Overview

10.2 SAM 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. SAM Electric Insulator Market – Country Analysis

11.1 Overview

11.1.1 SAM Electric Insulator Market Breakdown, by Country

11.1.1.1 Brazil Electric Insulator Market, Revenue and Forecast to 2028

11.1.1.1.1 Brazil Electric Insulator Market Breakdown, By Product Type

11.1.1.1.2 Brazil Electric Insulator Market Breakdown, By Material Type

11.1.1.1.3 Brazil Electric Insulator Market Breakdown, By Application

11.1.1.1.4 Brazil Electric Insulator Market Breakdown, By End User

11.1.1.2 Argentina Electric Insulator Market, Revenue and Forecast to 2028

11.1.1.2.1 Argentina Electric Insulator Market Breakdown, By Product Type

11.1.1.2.2 Argentina Electric Insulator Market Breakdown, By Material Type

11.1.1.2.3 Argentina Electric Insulator Market Breakdown, By Application

11.1.1.2.4 Argentina Electric Insulator Market Breakdown, By End User

11.1.1.3 Rest of SAM Electric Insulator Market, Revenue and Forecast to 2028

11.1.1.3.1 Rest of SAM Electric Insulator Market Breakdown, By Product Type

11.1.1.3.2 Rest of SAM Electric Insulator Market Breakdown, By Material Type

11.1.1.3.3 Rest of SAM Electric Insulator Market Breakdown, By Application

11.1.1.3.4 Rest of SAM Electric Insulator Market Breakdown, By End User

12. SAM Electric Insulator Market- COVID-19 Impact Analysis

12.1 SAM

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. SAM Electric Insulator Market Segmentation

Figure 2. SAM Electric Insulator Market Segmentation – By Country

Figure 3. SAM 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. Brazil was the Largest Revenue Contributor in 2020

Figure 8. SAM – PEST Analysis

Figure 9. SAM Electric Insulator Market– Ecosystem Analysis

Figure 10. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 38. Impact of COVID-19 Pandemic in SAM Country Markets

  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. 

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to South America Electric Insulator Market