Market Overview:
The global hollow core composite insulators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-voltage transmission and distribution infrastructure across the globe. In addition, the growing awareness about energy conservation is also propelling the demand for hollow core composite insulators in various applications such as cable termination, instrument transformer, circuit breaker, surge arrester and bushing. Based on type, below 300kV segment is projected to account for a major share of the global hollow core composite insulators market during the forecast period from 2018 to 2030. This can be attributed to increasing investments in grid modernization projects across North America and Europe regions which are expected to drive demand for low-voltage transmission lines over medium-voltage lines.
Product Definition:
The definition of Hollow Core Composite Insulators is an insulator that is made out of two or more materials that are combined together. The importance of Hollow Core Composite Insulators is that they are very strong and durable, which makes them a good option for use in high-voltage applications.
Below 300kV:
Below 300kV, it's usage.
HCCI is a new technology that has been developed to overcome the limitations of traditional high-voltage (HCI) insulators. Traditional HCI’s are not suitable for use at high temperatures as they tend to lose their ability to conduct electricity after reaching their Curie temperature.
300kV-600kV:
300kV-600kV is a range of high voltage power supply. It's mainly used in the transmission and distribution of electric energy to the consumers through transformers, switchgears, substations etc. The 300-600 kV power supply are designed for long distance transmission and distribution applications which include wind farms as well as large scale solar projects.
Application Insights:
In terms of revenue, the cable termination application dominated the global market with a share of 33.3% in 2017. This is attributed to increasing demand for high-speed data transfer and communication services across various industries such as IT & telecommunication, healthcare and automotive. Moreover, hollow core composite insulators provide excellent mechanical strength and thermal stability which are required for proper functioning of cables at high temperatures. These products also help reduce electromagnetic radiation thus enhancing signal reception resulting in higher adoption rate across several applications worldwide.
Surge arrester was the second largest segment accounting for 26% share in 2017 owing to its rising adoption across power distribution networks worldwide due to its ability to withstand extreme electrical pressure without any damage or wear over time which helps prevent secondary accidents during power outages or voltage fluctuations at an industrial level thereby boosting product demand globally over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The regional growth is primarily driven by increasing demand for HCC from the U.S., which has a large number of power transformers and cable terminations at different voltage levels across the country. Moreover, rising penetration of high-voltage DC transmission lines is expected to drive product demand over the forecast period.
Asia Pacific is expected to be one of the fastest growing regions owing to rapid infrastructure development in countries such as China and India, which are major consumers of hollow core composite insulators products due to their rapidly expanding electrical industry sectors with rising per capita income levels that require improved electric infrastructure connectivity for sustainable economic growths over long distances between towns/cities or across multiple states resulting in increased electricity consumption at a domestic level thus driving overall regional market growth over projected time horizons.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Growing investment in renewable energy sources such as solar and wind power
- Proliferation of smart grids and microgrids
- Rising concerns about climate change and the need to reduce greenhouse gas emissions
- Development of new applications for hollow core composite insulators, such as in electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Hollow Core Composite Insulators Market Research Report
By Type
Below 300kV, 300kV-600kV, Above 600kV
By Application
Cable Termination, Instrument Transformer, Circuit Breaker, Surge Arrester, Bushing, Others
By Companies
ABB, Shemar Electric Co. Ltd., Mascheinfabrick Reinhausen, Pfisterer SEFAG, TE Connectivity, Saver SpA, Orient Insulator China, MacLean Power Systems, Allied Insulators
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Hollow Core Composite Insulators Market Report Segments:
The global Hollow Core Composite Insulators market is segmented on the basis of:
Types
Below 300kV, 300kV-600kV, Above 600kV
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cable Termination, Instrument Transformer, Circuit Breaker, Surge Arrester, Bushing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Shemar Electric Co. Ltd.
- Mascheinfabrick Reinhausen
- Pfisterer SEFAG
- TE Connectivity
- Saver SpA
- Orient Insulator China
- MacLean Power Systems
- Allied Insulators
Highlights of The Hollow Core Composite Insulators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 300kV
- 300kV-600kV
- Above 600kV
- By Application:
- Cable Termination
- Instrument Transformer
- Circuit Breaker
- Surge Arrester
- Bushing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hollow Core Composite Insulators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hollow core composite insulators are materials that have a solid inner core with a hollow space in between. This allows the material to be both strong and lightweight, which makes it ideal for use in applications where weight is an important factor.
Some of the major players in the hollow core composite insulators market are ABB, Shemar Electric Co. Ltd., Mascheinfabrick Reinhausen, Pfisterer SEFAG, TE Connectivity, Saver SpA, Orient Insulator China, MacLean Power Systems, Allied Insulators.
The hollow core composite insulators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hollow Core Composite Insulators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hollow Core Composite Insulators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hollow Core Composite Insulators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hollow Core Composite Insulators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hollow Core Composite Insulators Market Size & Forecast, 2018-2028
4.5.1 Hollow Core Composite Insulators Market Size and Y-o-Y Growth
4.5.2 Hollow Core Composite Insulators Market Absolute $ Opportunity
Chapter 5 Global Hollow Core Composite Insulators Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hollow Core Composite Insulators Market Size Forecast by Type
5.2.1 Below 300kV
5.2.2 300kV-600kV
5.2.3 Above 600kV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hollow Core Composite Insulators Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hollow Core Composite Insulators Market Size Forecast by Applications
6.2.1 Cable Termination
6.2.2 Instrument Transformer
6.2.3 Circuit Breaker
6.2.4 Surge Arrester
6.2.5 Bushing
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hollow Core Composite Insulators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hollow Core Composite Insulators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hollow Core Composite Insulators Analysis and Forecast
9.1 Introduction
9.2 North America Hollow Core Composite Insulators Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hollow Core Composite Insulators Market Size Forecast by Type
9.6.1 Below 300kV
9.6.2 300kV-600kV
9.6.3 Above 600kV
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hollow Core Composite Insulators Market Size Forecast by Applications
9.10.1 Cable Termination
9.10.2 Instrument Transformer
9.10.3 Circuit Breaker
9.10.4 Surge Arrester
9.10.5 Bushing
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hollow Core Composite Insulators Analysis and Forecast
10.1 Introduction
10.2 Europe Hollow Core Composite Insulators Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hollow Core Composite Insulators Market Size Forecast by Type
10.6.1 Below 300kV
10.6.2 300kV-600kV
10.6.3 Above 600kV
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hollow Core Composite Insulators Market Size Forecast by Applications
10.10.1 Cable Termination
10.10.2 Instrument Transformer
10.10.3 Circuit Breaker
10.10.4 Surge Arrester
10.10.5 Bushing
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hollow Core Composite Insulators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hollow Core Composite Insulators Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hollow Core Composite Insulators Market Size Forecast by Type
11.6.1 Below 300kV
11.6.2 300kV-600kV
11.6.3 Above 600kV
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hollow Core Composite Insulators Market Size Forecast by Applications
11.10.1 Cable Termination
11.10.2 Instrument Transformer
11.10.3 Circuit Breaker
11.10.4 Surge Arrester
11.10.5 Bushing
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hollow Core Composite Insulators Analysis and Forecast
12.1 Introduction
12.2 Latin America Hollow Core Composite Insulators Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hollow Core Composite Insulators Market Size Forecast by Type
12.6.1 Below 300kV
12.6.2 300kV-600kV
12.6.3 Above 600kV
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hollow Core Composite Insulators Market Size Forecast by Applications
12.10.1 Cable Termination
12.10.2 Instrument Transformer
12.10.3 Circuit Breaker
12.10.4 Surge Arrester
12.10.5 Bushing
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hollow Core Composite Insulators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hollow Core Composite Insulators Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hollow Core Composite Insulators Market Size Forecast by Type
13.6.1 Below 300kV
13.6.2 300kV-600kV
13.6.3 Above 600kV
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hollow Core Composite Insulators Market Size Forecast by Applications
13.10.1 Cable Termination
13.10.2 Instrument Transformer
13.10.3 Circuit Breaker
13.10.4 Surge Arrester
13.10.5 Bushing
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hollow Core Composite Insulators Market: Competitive Dashboard
14.2 Global Hollow Core Composite Insulators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Shemar Electric Co. Ltd.
14.3.3 Mascheinfabrick Reinhausen
14.3.4 Pfisterer SEFAG
14.3.5 TE Connectivity
14.3.6 Saver SpA
14.3.7 Orient Insulator China
14.3.8 MacLean Power Systems
14.3.9 Allied Insulators
