Composite Insulators Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Composite Insulators Market size will exhibit over 6.9% CAGR between 2024 and 2032, due to escalating emphasis on improving performance. Technological advancements are enhancing the performance of composite insulators, including better mechanical strength, electrical insulation properties, and resistance to environmental factors. The rise in R and D activities is helping to focus on the creation of new composite materials while enhancing the existing ones to offer better performance, longer lifespan, and cost-effectiveness. For example, in October 2023, Avient Corporation disclosed it would highlight its breadth of composite solutions, including the new ballistic-resistant panels, at the CAMX in Atlanta.

The composite insulators industry is segmented into voltage, application, product, end-use, rating, installation, and region.

By voltage, the industry value from the low voltage segment will exhibit lucrative growth up to 2032. Crafted from silicone rubber and fiberglass, these composite insulators boast superior resistance to environmental challenges, including moisture, pollution, and UV radiation. This resilience renders them perfect for harsh settings, outpacing the longevity of traditional ceramic or glass insulators. Higher utilization of power distribution lines, substations, and railway electrification to offer adaptable properties will boost segment growth.

With respect to end-use, the composite insulators market size from the residential segment will record expansion through 2032. Composite insulators play a crucial role in residential areas to support and insulate overhead power lines as they have lightweight designs, combined with exceptional mechanical strength. This makes them perfect for densely populated zones where safety and reliability are paramount.

Europe composite insulators industry share will expand from 2024 to 2032 due to the growing push for renewable energy projects, especially wind and solar power. These insulators are crucial in linking renewable energy sources to the grid, boasting durability and resistance to environmental challenges. As European nations strive to modernize their electrical grids for greater renewable energy integration, there is a notable shift to composite insulators as they are adopted to supplant older, less efficient materials, bolstering the grid's resilience and flexibility.

Product Code: 3029

Chapter 1 Methodology and Scope

1.1 Market definitions
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls and challenges
3.4 Growth potential analysis
3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Strategic outlook
4.2 Innovation and sustainability landscape

Chapter 5 Market Size and Forecast, By Voltage, 2021 - 2032, (USD Million)

5.1 Key trends
5.2 High voltage
5.3 Medium voltage
5.4 Low voltage

Chapter 6 Market Size and Forecast, By Application, 2021 - 2032, (USD Million)

6.1 Key trends
6.2 Cables and transmission lines
6.3 Switchgears
6.4 Transformers
6.5 Bus bars
6.6 Others

Chapter 7 Market Size and Forecast, By Product, 2021 - 2032, (USD Million)

7.1 Key trends
7.2 Pin insulators
7.3 Suspension insulators
7.4 Shackle insulators
7.5 Other insulators

Chapter 8 Market Size and Forecast, By End-Use, 2021 - 2032, (USD Million)

8.1 Key trends
8.2 Residential
8.3 Commercial and industrial
8.4 Utilities

Chapter 9 Market Size and Forecast, By Rating, 2021 - 2032, (USD Million)

9.1 Key trends
9.2 <= 11 kV
9.3 > 11 kV to <= 22 kV
9.4 > 22 kV to <= 33 kV
9.5 > 33 kV to <= 72.5 kV
9.6 > 72.5 kV to <= 145 kV
9.7 > 145 kV to <= 220 kV
9.8 > 220 kV to <= 400 kV
9.9 > 400 kV to <= 800 kV
9.10 > 800 kV to <= 1,200 kV
9.11 > 1,200 kV

Chapter 10 Market Size and Forecast, By Installation, 2021 - 2032, (USD Million)

10.1 Key trends
10.2 Distribution
10.3 Transmission
10.4 Substation
10.5 Railways
10.6 Others

Chapter 11 Market Size and Forecast, By Region, 2021 - 2032, (USD Million)

11.1 Key trends
11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
- 11.2.3 Mexico
11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Spain
- 11.3.5 Italy
- 11.3.6 Russia
11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 Japan
- 11.4.3 India
- 11.4.4 South Korea
- 11.4.5 Australia
11.5 Middle East and Africa
- 11.5.1 Saudi Arabia
- 11.5.2 UAE
- 11.5.3 South Africa
11.6 Latin America
- 11.6.1 Brazil
- 11.6.2 Argentina

Chapter 12 Company Profiles

12.1 Bonomi Eugenio SpA
12.2 CYG Insulator Co., Ltd.
12.3 DECCAN ENTERPRISES PRIVATE LIMITED
12.4 Gamma Insulators
12.5 GIPRO GmbH
12.6 Hitachi Energy Ltd.
12.7 Hubbell
12.8 Izoelektro
12.9 KUVAG GmbH and Co KG
12.10 Nanjing Electric Technology Group Co., Ltd.
12.11 Navitas Insulators Pvt Ltd
12.12 Newell Porcelain
12.13 Olectra Greentech Limited
12.14 Peak Demand Inc.
12.15 PFISTERER Holding SE
12.16 Rayphen
12.17 Sediver
12.18 Siemens Energy
12.19 Taporel Electrical Insulation Technology Co., Ltd.
12.20 TE Connectivity