GITNUX MARKETDATA REPORT 2024

Insulator Industry Statistics

The insulator industry statistics show a steady growth in demand driven by increasing investments in energy infrastructure projects worldwide.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore a comprehensive overview of the insulator industry, highlighting key statistics and insights shaping the global market. From market values and growth rates to regional dominance and product segments, these statistics offer valuable insights into the evolving landscape of electrical insulation materials. Join us as we dive into the dynamic world of insulators and uncover the trends driving this essential industry forward.

Statistic 1

"The global electrical insulation materials market is expected to reach $10 billion by 2022."

Statistic 2

"The electrical insulator industry grew at a CAGR of 5.2% between 2021 and 2026."

Statistic 3

"Asia Pacific region dominated the global electrical insulation materials market in 2017."

Statistic 4

"The Liquid segment accounted for the largest market share in 2020, in the Insulator industry."

Statistic 5

"Overhead lines product segment generated the highest revenue in the global electrical insulator market in 2017."

Statistic 6

"The global insulator market was valued at USD 6.64 billion in 2019."

Statistic 7

"The ceramic insulators market segment was worth USD 4.3 billion in 2018."

Statistic 8

"In 2020, the insulator industry in China was worth 26.02 billion yuan."

Statistic 9

"The fiberglass industry, a key insulator material industry, in the U.S is expected to reach $6.5 billion by 2025."

Statistic 10

"The global thermal insulation market size was valued at USD 57.02 billion in 2020."

Statistic 11

"The glass wool segment held the largest market share of over 50% in 2020 within the insulation industry."

Statistic 12

"Europe accounted for 33% of the total insulation market in 2020."

Statistic 13

"Australia’s insulation market is projected to exceed USD 600 million by 2021."

Statistic 14

"The Global Foamed Plastic Insulation Products Market, an insulation industry subset, was expected to grow 5.3% annually in 2020."

Statistic 15

"The Global Insulation Coating Materials Market was valued at USD 8.5 billion in 2019."

Statistic 16

"The Asia-Pacific Insulators market accounted for 35.86% of the global market in 2017."

Statistic 17

"The U.S. insulation market size was valued at USD 4.84 billion in 2020."

Overall, the global insulator industry is experiencing significant growth and is expected to continue expanding in the coming years. The statistics reveal key trends such as the dominance of the Asia Pacific region in the electrical insulation materials market, the strong performance of segments like liquid and overhead lines within the industry, and the substantial market sizes in countries like China and the U.S. Additionally, the increasing value of materials such as fiberglass and glass wool underscore the importance of these materials in the insulation market. As various segments continue to grow and evolve, it is clear that the insulator industry is poised for continued success and innovation.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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