Market Overview:
The global suspension composite insulators market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electricity and the need for reliable and efficient transmission infrastructure. In addition, the growing investment in renewable energy sources is also contributing to the growth of this market. The global suspension composite insulators market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into below 300kV, 300kV-600kV, and above 600kV segments. By application, it can be classified into low voltage line (LVL), high voltage line (HVL), power plants (PPs), and substations (SUBs) segments. Geographically speaking, it has been analyzed across North America continent including countries such as UAS., Canada; Latin America including countries such as Mexico Brazil; Europe including Germany France Italy Spain etc.; Asia Pacific covering countries like China India Japan South Korea ASEAN etc.
Product Definition:
A suspension composite insulator is a type of high voltage electrical insulator that is used to support overhead power lines. These insulators are made from several different materials, including porcelain, glass, and polymer, and are designed to withstand the high voltages and extreme weather conditions that they are subjected to. Suspension composite insulators play an important role in ensuring the reliable operation of power grids around the world.
Below 300kV:
Below 300kV, it's usage.
***The global below 300kV composite insulators demand was valued at USD 6.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024***The global below 300kV composite insulators demand was valued atin 2015.
300kV-600kV:
300kV-600kV is a range of high voltage power supply. It's mainly used in the composite insulators market. The 300-600 kV range is suitable for short and long circuit transmission purposes with no more than two feeder buses attached to the main bus at any point along its length, and it can also be used for distribution as well as switching purposes.
Application Insights:
High voltage line application dominated the global market with a share of over 40% in 2017. This is attributed to the rising demand for HVACI products from various power plants, including coal-fired and nuclear, across the globe. The growing need to upgrade and expand existing high voltage transmission networks across several countries on a priority basis is also expected to drive growth during the forecast period.
Low Voltage Line (LVL) segment is expected to witness substantial growth over the forecast period owing to increasing number of power projects in developing economies including China and India along with stable electricity supply in developed regions such as North America and Europe. These factors are likely to increase product demand for insulation purposes at LVL stations & Substations which will result in increased industry penetration during future years.
Regional Analysis:
Europe was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has a well-established power generation sector, which mainly uses water as a raw material for producing electricity. Thus, rising demand for water-cooled electric machines in countries such as Germany and France is anticipated to drive product demand over the forecast period.
Asia Pacific is projected to be one of the fastest growing regions with a CAGR of XX% from 2018 to 2030 owing to increasing infrastructure investment coupled with rising energy demand in emerging economies including China and India.
The rise in nuclear power generation capacity across various Asian countries such as India.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent government regulations for power sector safety
- Growing investment in renewable energy sources such as solar and wind power
- Technological advancements in suspension composite insulators that improve performance and reliability
- Rising awareness about the benefits of using suspension composite insulators over traditional insulation materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Suspension Composite Insulators Market Research Report
By Type
Below 300kV, 300kV-600kV, Above 600kV
By Application
Low Voltage Line, High Voltage Line, Power Plants, Substations
By Companies
SEVES, Lapp Insulators, Pfisterer, INAEL Elactrical, Gruppo Bonomi, ABB, Saver Group, MR, FCI, SIEMENS, SEVES, ZAPEL, Goldstone Infratech, YAMUNA, Shenma Power, PINGGAO Group, Shandong Taiguang, China XD Group, CYG insulator Co, LIWANG, Dalian Insulator Group, NANJING CATALOG, HUACI, JIANGDONG FITTINGS, MPC, ORIENT POWER, WISH, Pomanique, CNCTCO
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Suspension Composite Insulators Market Report Segments:
The global Suspension 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
Low Voltage Line, High Voltage Line, Power Plants, Substations
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:
- SEVES
- Lapp Insulators
- Pfisterer
- INAEL Elactrical
- Gruppo Bonomi
- ABB
- Saver Group
- MR
- FCI
- SIEMENS
- SEVES
- ZAPEL
- Goldstone Infratech
- YAMUNA
- Shenma Power
- PINGGAO Group
- Shandong Taiguang
- China XD Group
- CYG insulator Co
- LIWANG
- Dalian Insulator Group
- NANJING CATALOG
- HUACI
- JIANGDONG FITTINGS
- MPC
- ORIENT POWER
- WISH
- Pomanique
- CNCTCO
Highlights of The Suspension 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:
- Low Voltage Line
- High Voltage Line
- Power Plants, Substations
- 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 Suspension 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.
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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?
Suspension composite insulators are a type of electrical insulation that is made from a mixture of carbon fiber and plastic. The carbon fiber helps to provide strength and stiffness, while the plastic helps to provide flexibility. This combination makes suspension composite insulators very flexible, which allows them to resist damage from shocks and vibrations.
Some of the major players in the suspension composite insulators market are SEVES, Lapp Insulators, Pfisterer, INAEL Elactrical, Gruppo Bonomi, ABB, Saver Group, MR, FCI, SIEMENS, SEVES, ZAPEL, Goldstone Infratech, YAMUNA, Shenma Power, PINGGAO Group, Shandong Taiguang, China XD Group, CYG insulator Co, LIWANG, Dalian Insulator Group, NANJING CATALOG, HUACI, JIANGDONG FITTINGS, MPC, ORIENT POWER, WISH, Pomanique, CNCTCO.
The suspension 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 Suspension 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 Suspension Composite Insulators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Suspension 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 Suspension 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 Suspension Composite Insulators Market Size & Forecast, 2018-2028
4.5.1 Suspension Composite Insulators Market Size and Y-o-Y Growth
4.5.2 Suspension Composite Insulators Market Absolute $ Opportunity
Chapter 5 Global Suspension 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 Suspension 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 Suspension 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 Suspension Composite Insulators Market Size Forecast by Applications
6.2.1 Low Voltage Line
6.2.2 High Voltage Line
6.2.3 Power Plants
6.2.4 Substations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Suspension 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 Suspension 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 Suspension Composite Insulators Analysis and Forecast
9.1 Introduction
9.2 North America Suspension 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 Suspension 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 Suspension Composite Insulators Market Size Forecast by Applications
9.10.1 Low Voltage Line
9.10.2 High Voltage Line
9.10.3 Power Plants
9.10.4 Substations
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 Suspension Composite Insulators Analysis and Forecast
10.1 Introduction
10.2 Europe Suspension 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 Suspension 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 Suspension Composite Insulators Market Size Forecast by Applications
10.10.1 Low Voltage Line
10.10.2 High Voltage Line
10.10.3 Power Plants
10.10.4 Substations
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 Suspension Composite Insulators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Suspension 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 Suspension 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 Suspension Composite Insulators Market Size Forecast by Applications
11.10.1 Low Voltage Line
11.10.2 High Voltage Line
11.10.3 Power Plants
11.10.4 Substations
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 Suspension Composite Insulators Analysis and Forecast
12.1 Introduction
12.2 Latin America Suspension 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 Suspension 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 Suspension Composite Insulators Market Size Forecast by Applications
12.10.1 Low Voltage Line
12.10.2 High Voltage Line
12.10.3 Power Plants
12.10.4 Substations
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) Suspension Composite Insulators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Suspension 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) Suspension 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) Suspension Composite Insulators Market Size Forecast by Applications
13.10.1 Low Voltage Line
13.10.2 High Voltage Line
13.10.3 Power Plants
13.10.4 Substations
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 Suspension Composite Insulators Market: Competitive Dashboard
14.2 Global Suspension Composite Insulators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SEVES
14.3.2 Lapp Insulators
14.3.3 Pfisterer
14.3.4 INAEL Elactrical
14.3.5 Gruppo Bonomi
14.3.6 ABB
14.3.7 Saver Group
14.3.8 MR
14.3.9 FCI
14.3.10 SIEMENS
14.3.11 SEVES
14.3.12 ZAPEL
14.3.13 Goldstone Infratech
14.3.14 YAMUNA
14.3.15 Shenma Power
14.3.16 PINGGAO Group
14.3.17 Shandong Taiguang
14.3.18 China XD Group
14.3.19 CYG insulator Co
14.3.20 LIWANG
14.3.21 Dalian Insulator Group
14.3.22 NANJING CATALOG
14.3.23 HUACI
14.3.24 JIANGDONG FITTINGS
14.3.25 MPC
14.3.26 ORIENT POWER
14.3.27 WISH
14.3.28 Pomanique
14.3.29 CNCTCO
