North America Composite Insulators Market Size, Share & Trends Analysis Report By Voltage (Medium, High, and Low), By Product (Pin, Suspension, Shackle, and Others), By End Use, By Application By Country and Growth Forecast, 2024 - 2031

The North America Composite Insulators Market would witness market growth of 3.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America Composite Insulators Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,025.6 million by 2031. The Canada market is experiencing a CAGR of 6.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.2% during (2024 - 2031).

In recent years, the market has experienced remarkable growth and evolution, driven by advancements in materials science, increasing demand for reliable power infrastructure, and the need for sustainable and cost-effective solutions in the energy sector. These insulators, also known as polymer insulators or non-ceramic insulators, have emerged as a viable alternative to traditional porcelain or glass insulators, offering superior performance, durability, and versatility across various applications.

The adoption of these insulators has gained momentum across various industries and sectors, including power transmission and distribution, railways, renewable energy, and industrial applications. Utilities, infrastructure developers, and engineering firms are increasingly recognizing the benefits of these insulators in terms of reliability, safety, and lifecycle cost savings. As a result, these insulators are being integrated into new infrastructure projects and retrofitting initiatives, replacing outdated and less efficient porcelain or glass insulators.

As per the data from the International Trade Administration, in 2022, the installed capacity of Mexico’s clean energy plants (renewable and non-renewable) was 31,369 MW, which represented an increase of 1.81 percent in comparison to the previous year, when the installed capacity of clean energy accounted for 30,812 MW. Furthermore, as per Statistics Canada, in 2021, manufacturing revenues reached $15.5 billion compared to $14.4 billion in 2020, an increase of 8.1%. Total revenues were $17.9 billion in 2021, increasing from $16.3 billion in 2020. In 2021, net revenues reached $2.02 billion compared to $1.96 billion in 2020, which increased by 3%. Therefore, the growing manufacturing and renewable energy sectors in North America will assist in the expansion of the regional market.

Free Valuable Insights: The Composite Insulators Market is Predict to reach USD 4.9 Billion by 2031, at a CAGR of 4.2%

Based on Voltage, the market is segmented into Medium, High, and Low. Based on Product, the market is segmented into Pin, Suspension, Shackle, and Others. Based on End Use, the market is segmented into Utilities, Industries, and Others. Based on Application, the market is segmented into Transformers, Cables, Switchgears, Busbars, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• TE Connectivity Ltd.
• Hubbell Incorporated
• Victor Insulators, Inc.
• ABB Ltd.
• General Electric Company
• Siemens AG
• Olectra Greentech Limited (MEGHA ENGINEERING & INFRASTRUCTURES LIMITED)
• Yamuna Power & Infrastructure Ltd.
• METTZ Group
• FCI KOMPOZIT SZIGETELŐ KFT.

North America Composite Insulators Market Report Segmentation

By Voltage

• Medium
• High
• Low

By Product

• Pin
• Suspension
• Shackle
• Others

By End Use

• Utilities
• Industries
• Others

By Application

• Transformers
• Cables
• Switchgears
• Busbars
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Composite Insulators Market, by Voltage
1.4.2 North America Composite Insulators Market, by Product
1.4.3 North America Composite Insulators Market, by End Use
1.4.4 North America Composite Insulators Market, by Application
1.4.5 North America Composite Insulators Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. North America Composite Insulators Market by Voltage
4.1 North America Medium Market by Country
4.2 North America High Market by Country
4.3 North America Low Market by Country

Chapter 5. North America Composite Insulators Market by Product
5.1 North America Pin Market by Country
5.2 North America Suspension Market by Country
5.3 North America Shackle Market by Country
5.4 North America Others Market by Country

Chapter 6. North America Composite Insulators Market by End Use
6.1 North America Utilities Market by Country
6.2 North America Industries Market by Country
6.3 North America Others Market by Country

Chapter 7. North America Composite Insulators Market by Application
7.1 North America Transformers Market by Country
7.2 North America Cables Market by Country
7.3 North America Switchgears Market by Country
7.4 North America Busbars Market by Country
7.5 North America Others Market by Country

Chapter 8. North America Composite Insulators Market by Country
8.1 US Composite Insulators Market
8.1.1 US Composite Insulators Market by Voltage
8.1.2 US Composite Insulators Market by Product
8.1.3 US Composite Insulators Market by End Use
8.1.4 US Composite Insulators Market by Application
8.2 Canada Composite Insulators Market
8.2.1 Canada Composite Insulators Market by Voltage
8.2.2 Canada Composite Insulators Market by Product
8.2.3 Canada Composite Insulators Market by End Use
8.2.4 Canada Composite Insulators Market by Application
8.3 Mexico Composite Insulators Market
8.3.1 Mexico Composite Insulators Market by Voltage
8.3.2 Mexico Composite Insulators Market by Product
8.3.3 Mexico Composite Insulators Market by End Use
8.3.4 Mexico Composite Insulators Market by Application
8.4 Rest of North America Composite Insulators Market
8.4.1 Rest of North America Composite Insulators Market by Voltage
8.4.2 Rest of North America Composite Insulators Market by Product
8.4.3 Rest of North America Composite Insulators Market by End Use
8.4.4 Rest of North America Composite Insulators Market by Application

Chapter 9. Company Profiles
9.1 Victor Insulators, Inc.
9.1.1 Company Overview
9.2 Olectra Greentech Limited (Megha Engineering & Infrastructures Limited)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Yamuna Power & Infrastructure Ltd.
9.3.1 Company Overview
9.4 METTZ Group
9.4.1 Company Overview
9.5 FCI kompozit szigetelő kft.
9.5.1 Company Overview
9.6 TE Connectivity Ltd.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 ABB Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 Hubbell Incorporated
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 General Electric Company
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 SWOT Analysis
9.10. Siemens AG
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis

TABLE 1 North America Composite Insulators Market, 2020 - 2023, USD Million
TABLE 2 North America Composite Insulators Market, 2024 - 2031, USD Million
TABLE 3 North America Composite Insulators Market by Voltage, 2020 - 2023, USD Million
TABLE 4 North America Composite Insulators Market by Voltage, 2024 - 2031, USD Million
TABLE 5 North America Medium Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Medium Market by Country, 2024 - 2031, USD Million
TABLE 7 North America High Market by Country, 2020 - 2023, USD Million
TABLE 8 North America High Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Low Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Low Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Composite Insulators Market by Product, 2020 - 2023, USD Million
TABLE 12 North America Composite Insulators Market by Product, 2024 - 2031, USD Million
TABLE 13 North America Pin Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Pin Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Suspension Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Suspension Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Shackle Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Shackle Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Composite Insulators Market by End Use, 2020 - 2023, USD Million
TABLE 22 North America Composite Insulators Market by End Use, 2024 - 2031, USD Million
TABLE 23 North America Utilities Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Utilities Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Industries Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Industries Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Composite Insulators Market by Application, 2020 - 2023, USD Million
TABLE 30 North America Composite Insulators Market by Application, 2024 - 2031, USD Million
TABLE 31 North America Transformers Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Transformers Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Cables Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Cables Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Switchgears Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Switchgears Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Busbars Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Busbars Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Composite Insulators Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Composite Insulators Market by Country, 2024 - 2031, USD Million
TABLE 43 US Composite Insulators Market, 2020 - 2023, USD Million
TABLE 44 US Composite Insulators Market, 2024 - 2031, USD Million
TABLE 45 US Composite Insulators Market by Voltage, 2020 - 2023, USD Million
TABLE 46 US Composite Insulators Market by Voltage, 2024 - 2031, USD Million
TABLE 47 US Composite Insulators Market by Product, 2020 - 2023, USD Million
TABLE 48 US Composite Insulators Market by Product, 2024 - 2031, USD Million
TABLE 49 US Composite Insulators Market by End Use, 2020 - 2023, USD Million
TABLE 50 US Composite Insulators Market by End Use, 2024 - 2031, USD Million
TABLE 51 US Composite Insulators Market by Application, 2020 - 2023, USD Million
TABLE 52 US Composite Insulators Market by Application, 2024 - 2031, USD Million
TABLE 53 Canada Composite Insulators Market, 2020 - 2023, USD Million
TABLE 54 Canada Composite Insulators Market, 2024 - 2031, USD Million
TABLE 55 Canada Composite Insulators Market by Voltage, 2020 - 2023, USD Million
TABLE 56 Canada Composite Insulators Market by Voltage, 2024 - 2031, USD Million
TABLE 57 Canada Composite Insulators Market by Product, 2020 - 2023, USD Million
TABLE 58 Canada Composite Insulators Market by Product, 2024 - 2031, USD Million
TABLE 59 Canada Composite Insulators Market by End Use, 2020 - 2023, USD Million
TABLE 60 Canada Composite Insulators Market by End Use, 2024 - 2031, USD Million
TABLE 61 Canada Composite Insulators Market by Application, 2020 - 2023, USD Million
TABLE 62 Canada Composite Insulators Market by Application, 2024 - 2031, USD Million
TABLE 63 Mexico Composite Insulators Market, 2020 - 2023, USD Million
TABLE 64 Mexico Composite Insulators Market, 2024 - 2031, USD Million
TABLE 65 Mexico Composite Insulators Market by Voltage, 2020 - 2023, USD Million
TABLE 66 Mexico Composite Insulators Market by Voltage, 2024 - 2031, USD Million
TABLE 67 Mexico Composite Insulators Market by Product, 2020 - 2023, USD Million
TABLE 68 Mexico Composite Insulators Market by Product, 2024 - 2031, USD Million
TABLE 69 Mexico Composite Insulators Market by End Use, 2020 - 2023, USD Million
TABLE 70 Mexico Composite Insulators Market by End Use, 2024 - 2031, USD Million
TABLE 71 Mexico Composite Insulators Market by Application, 2020 - 2023, USD Million
TABLE 72 Mexico Composite Insulators Market by Application, 2024 - 2031, USD Million
TABLE 73 Rest of North America Composite Insulators Market, 2020 - 2023, USD Million
TABLE 74 Rest of North America Composite Insulators Market, 2024 - 2031, USD Million
TABLE 75 Rest of North America Composite Insulators Market by Voltage, 2020 - 2023, USD Million
TABLE 76 Rest of North America Composite Insulators Market by Voltage, 2024 - 2031, USD Million
TABLE 77 Rest of North America Composite Insulators Market by Product, 2020 - 2023, USD Million
TABLE 78 Rest of North America Composite Insulators Market by Product, 2024 - 2031, USD Million
TABLE 79 Rest of North America Composite Insulators Market by End Use, 2020 - 2023, USD Million
TABLE 80 Rest of North America Composite Insulators Market by End Use, 2024 - 2031, USD Million
TABLE 81 Rest of North America Composite Insulators Market by Application, 2020 - 2023, USD Million
TABLE 82 Rest of North America Composite Insulators Market by Application, 2024 - 2031, USD Million
TABLE 83 Key Information – Victor Insulators, Inc.
TABLE 84 Key Information – Olectra Greentech Limited
TABLE 85 Key Information – Yamuna Power & Infrastructure Ltd.
TABLE 86 Key Information – METTZ Group
TABLE 87 Key Information – FCI kompozit szigetelő kft.
TABLE 88 Key information –TE Connectivity Ltd.
TABLE 89 Key Information – ABB Ltd.
TABLE 90 Key Information – Hubbell Incorporated
TABLE 91 Key Information – General Electric Company
TABLE 92 Key Information – Siemens AG

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Composite Insulators Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Composite Insulators Market
FIG 4 Porter’s Five Forces Analysis – Composite Insulators Market
FIG 5 North America Composite Insulators Market share by Voltage, 2023
FIG 6 North America Composite Insulators Market share by Voltage, 2031
FIG 7 North America Composite Insulators Market by Voltage, 2020 - 2031, USD Million
FIG 8 North America Composite Insulators Market share by Product, 2023
FIG 9 North America Composite Insulators Market share by Product, 2031
FIG 10 North America Composite Insulators Market by Product, 2020 - 2031, USD Million
FIG 11 North America Composite Insulators Market share by End Use, 2023
FIG 12 North America Composite Insulators Market share by End Use, 2031
FIG 13 North America Composite Insulators Market by End Use, 2020 - 2031, USD Million
FIG 14 North America Composite Insulators Market share by Application, 2023
FIG 15 North America Composite Insulators Market share by Application, 2031
FIG 16 North America Composite Insulators Market by Application, 2020 - 2031, USD Million
FIG 17 North America Composite Insulators Market share by Country, 2023
FIG 18 North America Composite Insulators Market share by Country, 2031
FIG 19 North America Composite Insulators Market by Country, 2020 - 2031, USD Million
FIG 20 SWOT Analysis: TE Connectivity Ltd
FIG 21 SWOT Analysis: ABB ltd.
FIG 22 SWOT Analysis: Hubbell Incorporated
FIG 23 SWOT Analysis: General electric (GE) Co.
FIG 24 SWOT Analysis: Siemens AG