10:50 AM Hollow Core Composite Insulators Market likely to reach US$ 443.9 million in 2025, as estimated by Stratview Research |
Stratview Research in its recent report has offered an overlook of the current Hollow Core Composite Insulators Market scenarios and has also estimated the market size to reach US$ 443.9 million in 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
https://www.stratviewresearch.com/813/hollow-core-composite-insulators-market.html The market is segmented based on the application type as cable termination, instrument transformer, circuit breaker, surge arrester, bushing, and others. Circuit Breaker is expected to remain the largest segment of the market during the forecast period; however, surge arrester is likely to grow at the highest rate during the same period. Based on the shed material type, the market is segmented into HTV, LSR, and others. HTV is likely to remain the largest shed material segment of the market during the forecast period. HTV insulators are generally cost-effective and are widely used in the Asian market, especially in the Chinese market. On the contrary, LSR sheds are preferably used in the European market and dominate the region. Hollow core composite insulators are used in various applications with a wide range of voltage ratings. The market is segmented based on voltage type into less than 300kV, 300kV-600kV, and more than 600kV. The rating has been designed to meet the application and specific requirements. More than 600kV is likely to grow at the highest rate in the market during the forecast period, owing to the growing interest towards EHV and UHV apparatus with voltage ratings of 720 kV, 800 kV, etc. In terms of region, Asia-Pacific is projected to remain the largest market for hollow core composite insulators during the forecast period. China is the growth engine of the region’s market and has been very active from the past few years in using hollow core composite insulators. The attractiveness of the Chinese market has led to the expansion of the manufacturing footprint in the country by leading players, such as TE Connectivity. Europe is also likely to offer sizeable market opportunities in the market. Various leading players, such as Reinhausen Power Composites, TE Connectivity, and ABB Ltd., have manufacturing bases for hollow core composite insulators in Europe. Check out the Table of Contents here: https://www.stratviewresearch.com/toc/813/hollow-core-composite-insulators-market.html Highlights of the Report: The hollow core composite insulators market is estimated to grow at an excellent rate over the next five years to reach an estimated value of US$ 443.9 million in 2025. Insulators are electrical equipment that support and separate electrical conductors without enabling current to pass through them. Hollow core composite insulators are proven to be a direct replacement for porcelain and glass insulators, especially in high-voltage applications, owing to properties such as lightweight and superior pollution and insulation performance. They are highly resistant to vandalism and have better hydrophobic performance. These insulators have three major components: FRP rod, sheds, and flanges. FRP rods are generally manufactured from glass fibers impregnated with epoxy resins and enclosed by silicone rubber sheds along with corners covered with aluminum flanges. The supply chain of this market comprises raw material suppliers, hollow core composite insulator manufacturers, distributors, electrical apparatus OEMs, and end-users. The key players in the hollow core composite insulators market are ABB Ltd., Shemar Electric Co. Ltd., Mascheinfabrick Reinhausen, Pfisterer SEFAG, and TE Connectivity. The formation of long-term contracts, the development of highly efficient and lightweight insulators, and strategic alliances are the key strategies adopted by major players to gain a competitive edge in the market. Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. The Hollow Core Composite Insulators Market analysis report discusses the following heads in great detail:
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