An insulator is a product/material which does not allow the free flow of electricity. White clay (kaolin) is used to make porcelain insulators, which are fired at as high as 2,600?F. Porcelain Insulators are highly durable, non- corrosive and are suitable in extreme harsh conditions. In porcelain insulators the conductive path is created very slowly compared to the surface of a composite material insulator.
MARKET SCOPE
The "Global Composite Insulators Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Composite Insulators Market with detailed market segmentation into by voltage, by end use, by application and by geography .The Composite Insulators Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Composite Insulators Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Composite Insulators Market has been segmented into by voltage, by end use and by application. By voltage the market has been bifurcated into high voltage, medium voltage and low voltage. By end use the market has been bifurcated into residential, commercial, industrial and utilities. By application the market has been bifurcated into cables and transmission lines, switchgears, transformers, busbars and others.
MARKET DYNAMICS
Growth Factors
- Increased spending and investments from the government sector
- Increasing demand for electricity
- Investments in power grid network
Restraints
- Availability of low quality products and fluctuating raw material prices
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Composite Insulators Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Composite Insulators Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Porcelain Insulator Market in these regions.
Impact of Covid 19 on Porcelain Insulators Market
The Covid-19 pandemic has significantly affected the Porcelain Insulators Market. Due to the widespread of the virus lockdowns were imposed my many governments which restricted the movement of humans. The market was affected due to delays in infrastructure projects as well as due to shortage in the availability of raw materials. There was decline in the need of electricity due to lockdowns in the industrial and commercial sectors as well. Since there has been a decline in the number of cases the Porcelain Insulators Market is expected to see a rise in the coming years.
MARKET PLAYERS
The report covers vital developments in the Composite Insulators Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Composite Insulators Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Composite Insulators Market. Below mentioned is the list of a few companies engaged in the Composite Insulators Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Composite Insulators Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Siemens
- ABB
- Toshiba
- Bharat Heavy Electricals Limited
- LAPP Insulators
- General Electric
- Olectra Greentech
- Seves Group
- Incap Limited
- Nanjing Electric