Stratview Research announces the launch of a new research report on Hollow Core Composite Insulators Market is Segmented by Application Type (Cable Terminations, Instrument Transformers, Circuit Breakers, Surge Arresters, Bushings, and Others), by Shed Material Type (HTV, LSR, and Others), by Voltage Type (Less than 300kV, 300kV-600kV, and More than 600kV), by Process Type (Pultrusion, and Filament Winding), and by Region (North America, Europe, Asia-Pacific, and Rest of The World): Market Size, Share, Trend, Forecast, Competitive Analysis and Growth Opportunity: 2020-2025.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s hollow core composite insulators’ market realities as well as future possibilities for the forecast period of 2020 to 2025. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.
Hollow Core Composite Insulators Market: Highlights
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.
As per Stratview Research, the hollow core composite insulators market is expected to grow at an excellent rate over the next five years to reach an estimated value of US$ 443.9 million in 2025. The market is driven by
A noteworthy trend that is creating a disrupting environment in the market is a sheer interest towards EHV and UHV apparatus, which, in turn, has created a positive impact in the demand for hollow core composite insulators as they are preferably used in such apparatus.
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Market by Application Type
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.
Market by Shed Material Type
Based on the shed material type, 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.
Market by Voltage Type
Hollow core composite insulators are used in various applications with a wide range of voltage ratings. The market is segmented based on the voltage type into <300kV, 300kV-600kV, and >600kV. 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.
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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 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 base for hollow core composite insulators in Europe.
The supply chain of this market comprises raw material suppliers, hollow core composite insulator manufacturers, distributors, electrical apparatus OEMs, and end-users. Key players in the hollow core composite insulators market are ABB Ltd., Shemar Electric Co. Ltd., Mascheinfabrick Reinhausen, Pfisterer SEFAG, and TE Connectivity. Formation of long-term contracts, 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.
Market Witnessing Gradual Consolidation
In recent years, the market has witnessed a gradual market consolidation as major players are acquiring other medium- to small-sized players to enhance their product portfolio and expand their geographical reach.
Some of the foremost mergers & acquisitions that took place in the market include
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global hollow core composite insulators market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Hollow Core Composite Insulators Market, By Application Type:
Hollow Core Composite Insulators Market, By Shed Material Type:
Hollow Core Composite Insulators Market, By Voltage Type:
Hollow Core Composite Insulators Market, By Process Type:
Hollow Core Composite Insulators Market, By Region:
Stratview Research has several high value market reports in the composites industry. Please refer to the following link to browse through our reports:
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