Europe Electric Insulators Market Report

Europe Electric Insulators Market Report, By Type (Ceramic, Composite, Others), Voltage (Low, Medium, High), Application (Transformer, Cables, Busbar, Switchgear, Surge Protection Devices, Others), End User and Country – Europe Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11281 | Publish Date : February 2022 | Industry : Power_Energy | Geography : Europe

COVID-19 Impact Analysis on Europe Electric Insulators Market

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Europe electric insulators market. In addition, complete analysis of changes on the Europe electric insulators market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic had significantly affected energy and utility sector. During early COVID-19 period electricity demand dropped rapidly across Europe with confinement measures but steadily recovered as measures were gradually softened. Reduced commercial and industrial activity is a major contributor to the fall in demand. In addition, the drop in demand has resulted in a decrease in overall revenue for utilities.

Market Overview- Europe Electric Insulators Market

Market Drivers 

Increasing renovation of present grid networks is making more demand for electric insulators. For instance, a landmark research conducted recently by industry bodies Eurelectric and E.DSO revealed European distribution grids will need investments of 375 to 425 billion euros until 2030. Distribution grids are the support of the energy transition, as they guarantee a reliable and continuous electricity flow, integrate the majority of renewable energy sources, and allow the creation of new services for consumers. However, they need to be in well condition in an increasingly decentralized, decarbonized, and digitalized power system. This, is ultimately making more demand for electric insulators.

Market Opportunity

Increasing investment in the smart grid projects is boosting the demand for electric insulators. A continuing smart city projects in various economies, increase in investments in smart grid technologies and smart cities that include power quality equipment, distribution grid automation, and demand response systems in nations such as France, Germany and the UK would create prospects for the electric insulator market. For instance, according to the French Environment & Energy Management Agency, there are over 100 Smart Grid projects are currently underway in France.

Market Restraints

Volatility in raw material prices is major restraining factor that could hamper the market growth. Ever-changing prices of raw materials required for production of electric insulators and sudden increase in the raw material prices during the pandemic period is likely to hinder the growth of the market during the forecast period. Moreover, silicon rubber and steel are the major raw materials used for manufacturing of electric insulators. The prices of these materials fluctuate frequently and are highly volatile. This difference in the prices can be accredited to the fact that China being one of the leading steel producers has experiencing slow economic growth since the last three years. The manufacturing industry in the region is anticipated to decline further in the future, which will give rise to further variations in prices.

Market Growth Challenges

Increasing grey market products of low quality is major challenge towards the market growth. The electric insulator market comprises both unorganized and organized players/sectors. The organized division primarily targets industrial buyers and keeps high quality of the product, while companies in the unorganized segment offer low-priced substitutes to increase their presence in the market and penetrate local markets. Prominent market companies are experiencing stiff rivalry from market players of unorganized sector, who supply low-quality and low-priced products. These companies from the unorganized field suppress the well-established players in terms of price competitiveness and the networks of local supply maintained by them, which are challenging for companies to achieve.

Cumulative Growth Analysis

The report provides in-depth analysis of Europe electric insulators market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. Increasing use of electric insulators in end use sectors like utilities and various industries is attributed to the market growth.

Market Segmental Overview

The Europe electric insulators market comprises of different market segment like type, voltage, application, end user and country. 

Electric Insulators Market by Type 

The ceramic segment is likely to dominate the market during the forecast period. The development of renewable technologies based power generation and expansion of transmission and distribution infrastructure is increasing the demand for electric insulators. The ceramic insulators usually have a higher dielectric constant, which does not vary much with varying temperature, unlike other which conducts more electricity at higher temperatures, i.e., the dielectric constant of other types varies with temperature.

Electric Insulators Market by Voltage

Medium voltage segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. Most of the low, medium and high voltage insulators are used for transmission and distribution of communications, and substations. In addition, most of the high voltage insulators are developed with a lower flashover voltage than puncture voltage, so they flash over before they puncture, to avoid damage. Besides, high voltage insulators for outdoor use are designed to increase the length of the leakage path along the surface from one end to the other, called the creepage length, to reduce these leakage currents.

Electric Insulators Market by Application

The cable segment is likely to dominate the market during the forecast period. Rising concerns over power thefts and protection coupled with increasing focus on real time monitoring of power networks will boost the market growth of the segment. Moreover, recent introduction of Internet of Things based transformers to effectively control and monitor electrical grids will propel the growth of the segment.

Electric Insulators Market by End User

Among the end-users, utilities hold the major share in the market, since the electrical insulators are used in utilities in order to restrain the flow of current towards earth and maintaining the flow of current in the transmission line. Also, electric insulators are helpful in reducing the consumption of electricity and owing to their mechanical properties they help support the conductors, and as the countries are moving towards renewable source of energy, the use of electric insulators in the transmitters and distributors is likely to increase further.

Electric Insulators Market by Country

The Europe electric insulators market is studied for the following countries such as the UK, Germany, France, Italy, Spain, and rest of Europe. Germany and France are major markets for the electric insulators. Rapidly growing industrialization is in these countries and the demand of power & energy is likely to drive the market for electric insulators. In addition, the UK is one of the most lucrative markets for the electric insulators market, since the manufacturing sector of the country is growing at a rapid pace and the country has one of the most advanced manufacturing sectors in the Europe region.

Competitive Landscape Analysis

The expansion of T&D infrastructure due to the development of renewable-based power generation is expected to result in an increase in demand for electric insulators in the coming years. This, in turn, encouraging market players to gain competitive advantage in the Europe market.

The key competitors of this market include NGK Insulators, LAPP Insulators, Sediver, Maclean-Fogg, Gipro, TE Connectivity, Inael Electrical System, and PPC Austria Holding Gmbh among others.

Recent Development:

August 2021: PPC Insulators has announced the release of 28 new fashions to their ESP Insulator line. These popular fashions may be determined with the aid of using downloading the flyer precise to America market. The fashions proven are similar to many not unusual place CoorsTek ESP insulators and are crafted from PPC`s specialized LD ceramic to offer superb thermal, mechanical, and electric properties.

February 2020: PPC Insulators announced that the PPC Hybrid Insulators C16; BIL 2550kV and height of 10.8 m as an entire column passed the seismic test performed by the Earthquake Engineering Research Center of China Institute of Water and Hydropower Research (IWHR). IWHR has finished many studies and consultancy responsibilities for loads of key projects.

April 2019: PPC Insulator has succeeded in becoming the first partner of RTE's Post Insulator. The bid for the French transmission system operator RTE has been started to comply with EU regulations on open bidding and to secure its supply. RTE, the only French energy company responsible for the operation, maintenance and development of French high voltage transmission systems in accordance with high safety and quality standards, has selected suppliers for the next few years.

Europe Electric Insulators Market Summery

An electrical insulator is also called as an insulator. Electrical insulator is widely used in an electrical system to prevent unwanted flow of current to the earth from its supporting points. The electrical insulator plays an important role in the electrical system. It is a very high resistive path through which practically no current can flow. Electric insulators are commonly used in applications where the avoidance of the flow of electric current is required. Likewise, global electric insulators market comprises of different market segment like type, voltage, application, end user and country. The type studied in the Europe electric insulators market are ceramic, composites, and others. The Europe electric insulators market finds its major application in transformer, cables, busbar, switchgear, surge protection devices, and others. By voltage, market is segmented into low, medium and high. Based on end users, the market is bifurcated into utilities, industrial and others. The Europe electric insulators market is studied for the countries such as the UK, Germany, France, Italy, Spain, and rest of Europe. Germany is likely to witness rising demand for electric insulators market.

Scope of the Report:

  • Market Sizing for Year: 2021-2028
  • Base Year: 2021
  • Forecast Period: 2022-2028
  • Value: USD million 
  • Market Segment studied: Type, Voltage, Application, End User and Country.
  • Market Players and its Competitors: NGK Insulators, LAPP Insulators, Sediver, Maclean-Fogg, Gipro, TE Connectivity, Inael Electrical System, and PPC Austria Holding Gmbh among others.

FAQ Section-

1) What are the drivers for electric insulators market?

The key driving factors of the market are increasing market for utilities and industrial segments.

2) Which is the leading end user segment for electric insulators market?

Utilities has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.

3) Which country is gaining majority of market share during the forecast period (2021-2028)? 

Germany is expected to gain major market share during the forecast period (2021-2028).