포스트 인슐레이터 시장 예측(2023-2028년)

The post insulator market is estimated to grow at a CAGR of 5.81% during the forecast period.

Post insulators serve as essential supports for bus bars in transformer sub-station yards, as well as in switchgear to provide support for breakers and capacitor banks. These insulators play a crucial role in withstanding various forces, including bending, torsion, and compression, that are typically exerted on them during their operational service. Post insulators find applicability in power plants, substations, and transmission lines and the overall post insulator market size is growing due to the increasing energy demand and the expansion of renewable energy sources.

Shift towards renewable energy bolster the post insulator market growth.

Post insulators are extensively used in the renewable energy sector due to their crucial role in supporting and insulating various equipment and infrastructure components. In renewable energy installations, such as wind farms and solar power plants, post insulators are employed to provide insulation and support for transmission lines, transformers, and other vital equipment. The renewable energy sector continues to grow rapidly due to government initiatives, and technological advancements which are fuelling the demand for post insulators. According to the International Energy Agency, in 2023, global renewable capacity additions are projected to experience a remarkable surge, with an unprecedented absolute increase of 107 gigawatts (GW), reaching a total capacity of over 440 GW.

Increasing electricity demand drives the post insulator market expansion.

Post insulators provide support and insulation for bus bars, transformers, and other equipment in power plants and substations while the energy generation process. They ensure the reliable and efficient transmission and distribution of electricity, safeguarding against electrical failures and ensuring uninterrupted power supply. The increasing energy demand is driven by factors such as population growth, urbanization, and industrialization leading to the need for expanding power generation capacity is fuelling the growth of reliable post insulators. According to the International Energy Agency, in 2022, India experienced a robust increase in electricity demand, rising by 8.4%. Similarly, the United States witnessed a significant year-on-year demand growth of 2.6% in the same period.

Modernization and Upgradation of grid infrastructures drive post insulator market.

Post insulators are extensively used in grid infrastructure to support and insulate various components such as bus bars, breakers, transformers, and transmission lines. They play a crucial role in ensuring the reliable and safe transmission and distribution of electricity within substations, power plants, and along transmission lines. The growth of grid infrastructure is driven by government initiatives and investments aimed at improving the efficiency, reliability, and sustainability of power systems. For instance, in November 2022, India announced to allocate RS 2.8 trillion by 2030 for the establishment of an interstate transmission network, aimed at efficiently harnessing and distributing renewable energy resources.

Asia-Pacific is expected to dominate the post insulator market.

Asia-Pacific region will hold a significant share of the post insulator market due to the substantial growth in renewable capacity additions and the expansion of transmission lines for electricity generation in leading economies within the region. These projects require a robust grid infrastructure, including post insulators, to support efficient power transmission. According to the International Energy Agency, China witnessed a significant annual increase of 8.8% in renewable capacity additions for the year 2022, reaching a total of 118.3 GW. Also, according to the International Trade Administration, In 2021, South Korea's electricity generation reached 576,316 gigawatt-hours, with renewable power generation experiencing a remarkable increase of 18% while gas power generation also witnessed significant growth of 15.3%

Environmental impact restrains the post insulator market growth.

One of the significant factors restraining the growth of the post insulator industry is the vulnerability of certain post insulator types such as porcelain insulators to mechanical damage, particularly in cases of vibration caused by external forces like earthquakes. Due to this susceptibility, the external structure of porcelain insulators can easily sustain damage and develop cracks, resulting in reduced insulation performance. The need for frequent inspections, maintenance, and potential replacement of damaged porcelain insulators can pose challenges in terms of reliability, cost-effectiveness, and overall market growth for post insulators.

Key Developments

• July 2021: PHI (Power Holdings, Inc.) completed the acquisition of two prominent ceramic insulator manufacturers, namely Lapp Insulators, GmbH, and PPC Insulators. Lapp Insulators is recognized as a leading global manufacturer in the field, while PPC Insulators also holds a strong position in the industry. This strategic move by PHI reinforces its presence and capabilities in providing ceramic insulators for the energy infrastructure sector, enabling enhanced product offerings and expanded market reach.

Company Products

• 415286-000: TE Connectivity offers the 415286-000 Station Post Insulator, a technologically advanced solution for the energy sector. This porcelain insulator is designed for a voltage class of 69 kV and weighs approximately 33.9297 kg. With a remarkable power frequency withstand capability of 145 kV in wet conditions, the 415286-000 provides reliable and efficient insulation performance for various applications in the power transmission and distribution industry.
• IEC porcelain insulators: General Electric (GE) offers a comprehensive range of IEC-rated porcelain insulators, catering to a wide array of applications in AC and DC transmission, substation, and distribution systems. These porcelain-housed insulators, adhering to the International Electrotechnical Commission (IEC) standards, provide reliable and efficient insulation solutions for the power industry. GE's offering encompasses a diverse portfolio that fulfills the requirements of various power infrastructure projects, ensuring safe and effective operation in a demanding electrical environment.
• PPC Porcelain Post Insulators: PPC Insulators offer a comprehensive range of, which encompass the highest AC and DC system voltages and utilize advanced technology, engineering, and longevity features. With their efficient isostatic process, PPC Insulators ensure short production times, tighter tolerances, flexible design options, exceptional mechanical strength, and extended creepage distances. The company's commitment to progressive technology and engineering allows them to provide the most comprehensive and innovative porcelain post insulators in the market.

Segmentation

By Type

• Tie Top Line Post
• Vertical Clamp Top Line Post
• Horizontal Clamp Top Line Post
• Others

By Material

• Ceramic
• Porcelain
• Others

By Applications

• Power Plants
• Substations
• Transmission Lines

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Other

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

• 2.1. Research Data
• 2.2. Assumptions

3. EXECUTIVE SUMMARY

• 3.1. Research Highlights

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Force Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. POST INSULATOR MARKET ANALYSIS, BY TYPE

• 5.1. Introduction
• 5.2. Tie Top Line Post
• 5.3. Vertical Clamp Top Line Post
• 5.4. Horizontal Clamp Top Line Post
• 5.5. Others

6. POST INSULATOR MARKET ANALYSIS, BY MATERIAL

• 6.1. Introduction
• 6.2. Ceramic
• 6.3. Porcelain
• 6.4. Others

7. POST INSULATOR MARKET ANALYSIS, BY APPLICATIONS

• 7.1. Introduction
• 7.2. Power Plants
• 7.3. Substations
• 7.4. Transmission Lines

8. POST INSULATOR MARKET ANALYSIS, BY GEOGRAPHY

• 8.1. Introduction
• 8.2. North America
  • 8.2.1. USA
  • 8.2.2. Canada
  • 8.2.3. Mexico
• 8.3. South America
  • 8.3.1. Brazil
  • 8.3.2. Argentina
  • 8.3.3. Others
• 8.4. Europe
  • 8.4.1. Germany
  • 8.4.2. UK
  • 8.4.3. France
  • 8.4.4. Spain
  • 8.4.5. Others
• 8.5. Middle East and Africa
  • 8.5.1. Saudi Arabia
  • 8.5.2. UAE
  • 8.5.3. Others
• 8.6. Asia Pacific
  • 8.6.1. China
  • 8.6.2. Japan
  • 8.6.3. South Korea
  • 8.6.4. India
  • 8.6.5. Australia
  • 8.6.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Emerging Players and Market Lucrativeness
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

• 10.1. TE Connectivity
• 10.2. NGK INSULATORS, LTD. (NGK Group)
• 10.3. General Electric
• 10.4. PPC Insulators
• 10.5. Modern Insulators Ltd.
• 10.6. NTP AS
• 10.7. Newell Porcelain
• 10.8. LAPP Insulators GmbH
• 10.9. Hubbell