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High Voltage Composite Insulators Market Trends

Report ID: GMI8313
Published Date: Feb 2024
Report Format: PDF

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High Voltage Composite Insulators Market Trends

The high voltage composite insulators industry is set to grow significantly owing to their strong sustainability and cost-effectiveness. These components play a crucial role in providing reliable, clean, and affordable power across global transmission and distribution networks. Governments are actively enhancing electrical infrastructure, driving demand for more reliable alternatives. Moreover, paradigm shift towards adoption of smart grids to meet the rising electricity needs of increasing global population will augment the industry landscape.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market valuation of the high voltage composite insulators was reached USD 846 million in 2023 and is expected to register over 6.9% CAGR from 2024 to 2032, owing to ongoing efforts for grid modernization and government initiatives to replace unreliable infrastructures worldwide.

The cables & transmission lines segment held over 30% share of the high voltage composite insulators industry in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to their role in ensuring reliable operations and maintaining power grid integrity.

Asia Pacific market for high voltage composite insulators is expected to cross USD 700 million by 2032, due to population expansion, rising power generation capacity, and increased demand for efficient & reliable electricity across emerging nations in the region.

Hitachi Energy Ltd., KUVAG GmbH & Co KG, Maschinenfabrik Reinhausen GmbH, Nanjing Electric Technology Group Co., Ltd., Navitas Insulators Pvt Ltd, and PFISTERER Holding SE, are some of the major high voltage composite insulators companies worldwide.