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Utility Composite Insulators Market Share

Report ID: GMI12152
Published Date: Nov 2024
Report Format: PDF

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Utility Composite Insulators Market Share

Utility Composite Insulators Company Market Share Analysis, 2024

TERER Holding, Nanjing Electric Technology Group, and Schlüter-Systems, dominate the market share. These industry leaders are not only forming strategic partnerships, alliances, and engaging in mergers and acquisitions but are also pioneering innovative technologies. Continuously at the forefront of innovation, these companies are developing advanced heating solutions, addressing the rising demand for efficient electricity.

Utility Composite Insulators Market Companies

Major players operating across the industry include:

Bonomi Eugenio
Changan Group
CYG Insulator
Deccan Enterprises
Hitachi Energy
Izoelektro
KUVAG
Maschinenfabrik Reinhausen
Nanjing Electric Technology Group
Navitas Insulators
PFISTERER Holding
Rayphen
SAA Grid Technology
SAVER
Siemens Energy
Victor Insulators
Vexila
Zhongrui Electric

Authors: Ankit Gupta , Divyendu Sharma

Frequently Asked Questions (FAQ) :

The global market for utility composite insulators was reached USD 1.8 billion in 2024 and is estimated to grow at a 6.5% CAGR from 2025 to 2034, driven by efforts to modernize the grid and replace unreliable electrical components.

The medium voltage segment is anticipated to exceed USD 1.5 billion by 2034, due to its extensive use in grid infrastructures and the expansion of cross-border electrical networks.

The > 11 kV to =< 22 kV segment is expected to grow at a CAGR of over 6% through 2034, supported by investments in distribution networks and increasing electricity demand.

The U.S. utility composite insulators market is projected to reach USD 350 million by 2034, led by renewable energy integration, increasing industrial energy demand, and grid modernization efforts.

Key players in the industry include Bonomi Eugenio, Changan Group, CYG Insulator, Deccan Enterprises, Hitachi Energy, Izoelektro, KUVAG, Maschinenfabrik Reinhausen, Nanjing Electric Technology Group, Navitas Insulators, PFISTERER Holding, Rayphen, SAA Grid Technology, SAVER, Siemens Energy, Victor Insulators, Vexila, and Zhongrui Electric.