About Composite Insulators
Insulators are used in electrical equipment to support and separate electrical conductors without permitting current to pass through the insulators. Silicone rubber is the most broadly used polymeric insulation material for high voltage products. Composite insulators have excellent performance in all climates and harsh conditions, for example, coastal, desert and industrial environments. Furthermore, a composite insulator is made of at least two insulating parts such as a core and housing and is equipped with end fittings. Each part of the composite insulators is significant for product quality.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players of composite insulators are focusing on strategic partnerships and acquisitions to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Composite Insulators market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), General Electric (United States), TE Connectivity (Switzerland), Olectra Greentech (India), Deccan Enterprises (India), Lapp Insulators (Germany), Seves Group (Luxembourg), Shenma Power (China), Siemens (Germany) and Zapel (Poland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Dalian Composite Insulator Co., Limited (China) and Zhejiang Meto Electrical., Co, ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Composite Insulators market by Type (Pin Insulator, Suspension Insulator, Shackle Insulator and Other), Application (Cables and Transmission Lines, Switchgear, Transformer, Bus Bars and Others) and Region.
On the basis of geography, the market of Composite Insulators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Composite Insulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. High Voltage will boost the Composite Insulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Composite Insulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Growth of Industrialization and Urbanization
Market Growth Drivers:
Increasing Focus toward the Grid Upgradation and Rising Need for More Electricity Generation Capacities
Challenges:
Interface Bonding Issues
Restraints:
Life Expectancy is Difficult to Evaluate
Opportunities:
Increasing Demand from Developing Region
Market Leaders and their expansionary development strategies
In April 2022, Olectra Greentech Ltd, a part of industrial conglomerate MEIL, has begun trials of a 6x4 heavy-duty electric tipper as part of an expansion into the electric truck segment. Pioneer and market leader in electric bus manufacturing, Olectra now entered into truck manufacturing and this prototype is built on heavy-duty electric tipper platform," the firm said in a statement.
In November 2023, ABB, a pioneering technology leader, launched 500 mm panel version of the UniGear ZS1, its latest in air-insulated medium-voltage switchgear technology, at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023.
Key Target Audience
Manufacturers of Composite Insulators, Suppliers of Raw Materials, Distributors, and Retailers of Composite Insulators, Power Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.