Electrical Insulator Market Reports Surge in Porcelain Insulator Demand
The global electrical insulator market was valued at USD 12.52 billion in 2023 and is expected to reach USD 18.37 billion by 2030, registering a CAGR of 5.7% from 2024 to 2030. Market growth is primarily supported by rising infrastructure development and large-scale electrification initiatives across the globe, with particularly strong momentum in emerging economies undertaking grid expansion and modernization projects. Electrical insulators play a critical role in ensuring the safe and efficient transmission and distribution of electricity. Continuous investments in power generation, transmission networks, and renewable energy integration are reinforcing long-term demand for advanced and reliable insulation solutions. Key Market Trends & Insights North America emerged as the dominant regional market in 2023. The U.S. accounted for the largest revenue share within the North American electrical insulator market. By type, the composite insulator segment is expected to re...