Composite Insulators Market Overview
The report is titled as ‘Composite Insulators Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Composite Insulators market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.
Composite Insulators Introduction
Insulators basically serve its utility in electrical equipment with a view to sustain and differentiate electrical conductors without enabling current to percolate through the insulators. Silicone rubber is one of the most comprehensively utilized polymeric insulation materials for high tension products. Particularly, the composite insulators are a unique kind of insulation control that further holds a crucial role in overhead transmission lines.
Composite insulators are also known as non-porcelain insulators, synthetic insulators, rubber insulators, polymer insulators, among others. Notably, composite insulators are light in weight, minor in size, reliable to transport, light in structure, easy to maintain and easy to install. Such factors aid composite insulators to gain traction all across the markets. In addition to that, the composite insulator has excellent fouling resistance and robust fouling flash voltage resistance. Notably, the wet withstand voltage and fouling resistance voltage of composite insulators are 2 to 2.5 times that of porcelain insulators with the equal creepage distance.
Also, there is no need for cleansing and secure operation in severely polluted areas. Owing to such factors, the composite insulators are witnessing higher demand all around the world. Moreover, the soaring investments from governments and regulatory authorities to revamp the maturing grid networks across established nations together with the swift adoption of smart grid technology, worldwide, is further projected to boost the growth of the global composite insulators market in the coming years.
Composite Insulators Market Segmentation
The composite insulators market is segmented on the basis of voltage, application, product, rating, installation, end use, and region.
By Voltage
Medium Voltage
Low Voltage
By Application
Switchgears
Transformers
Bus Bars
Others
By Product
Suspension Insulators
Shackle Insulators
Other Insulators
By End Use
Commercial & Industrial
Utilities
By Rating
11 KV
22 KV
33 KV
72.5 KV
145 KV
220 KV
400 KV
800 KV
1200 KV
By Installation
Transmission
Substation
Railways
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Composite Insulators Market Key Players
Some of the key participating players in composite insulators market are:
Siemens Energy
ABB
GE
Toshiba
Aditya Birla
NGK Insulators
Hubbell
Bharat Heavy Electricals Limited
LAPP Insulators
Maclean-Fogg
Seves Group
TE Connectivity
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product developments and launches
Composite Insulators Adoption Rate, by End Use
Top Companies Historical Growth Rate
Pricing Impact
Impact of Regulations
Advantages of Composite Insulators
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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The composite insulators market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in composite insulators market.
The composite insulators market is segmented on the basis of voltage, application, product, rating, installation, end use, and region.
Some of the key participating players in composite insulators market are: Siemens Energy, ABB, GE, Toshiba, Aditya Birla, NGK Insulators, Hubbell, Bharat Heavy Electricals Limited, LAPP Insulators, Maclean-Fogg, Seves Group, TE Connectivity.
