Home > Energy & Power > Electrical Equipment > Electric Insulators > Asia Pacific Composite Insulators Market

Asia Pacific Composite Insulators Market Trends

Report ID: GMI11624
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Asia Pacific Composite Insulators Market Trends

The Asia Pacific composite insulators industry is set to grow on account of increasing electricity demand and expansion of transmission and distribution (T&D) grid networks. Government initiatives to enhance electrical infrastructure in areas prone to extreme weather conditions, where conventional units may be less reliable, will augment the product deployment. Favorable initiatives by the authorities for expansion of transmission networks will complement the business landscape. Furthermore, increasing deployment of smart grids and investments in strengthening power grid infrastructure will augment industry landscape.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Asia Pacific market composite insulators will cross USD 2.1 billion by 2032 and is projected to expand at a CAGR of over 6.6% from 2024 to 2032, driven by favorable government initiatives and substantial investments aimed at expanding power networks.

The cable and transmission lines segment is expected to reach USD 530 million by 2032, as government initiatives promoting electrical network deployment in remote areas and the refurbishment and replacement of existing electrical components.

The utilities segment is slated to witness a CAGR of over 6% through 2032, attributed to significant investments in high-voltage transmission networks.

The China composite insulators market is likely to exceed USD 690 million by 2032, driven by the adoption of smart grids and favorable policies by authorities to enhance electricity infrastructure.

Aditya Birla, CYG, Dalian, Deccan, Hitachi, Jiangxi Johnson, KUVAG, Navitas, Nanjing Electric, Olectra, PFISTERER, Rayphen, SAA Grid, Siemens, Suzhou, Tanho, Taporel, and TE Connectivity are some of the major key players operating in the Asia Pacific composite insulators industry.