Press release
Growth of Composite Insulators Market Forecast to 2024 in a Newly Released Report Profiling: ABB, Lapp Insulators, Deccan Enterprises, Olectra Greentech, Seves Group, TE Connectivity and General Electric & more
China composite insulators market, in 2017 was valued at over USD 300 million. Rapid expansion of overhead networks across the region will positively influence the industry growth. Enhanced government efforts toward the adoption of renewable power generation sources along with financial aid provided for T&D network expansion will propel the business landscape. In 2016, the China State Grid Corporation announced an increase of investments by 28% for the next five years to expand the electrical transmission infrastructure.
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High voltage composite insulators market will grow on account of development of the existing electricity infrastructure to meet the demand for safe and reliable energy. High mechanical strength, light weight, vandalism resistance and good hydrophobicity are some of the prominent features that will significantly fuel the product penetration. Furthermore, massive investments by the utilities toward long distance electricity transmission will enhance the business outlook.
Composite Insulators Market is anticipated to exceed USD 2.5 billion by 2024. Rising government investments toward the establishment of energy efficient infrastructure along with measures for the revamping of the existing electricity networks will stimulate the composite insulators market. The Federal Energy Regulatory Commission announced that an investment of over USD 160 billion was made by electric authorities for the development of T&D infrastructure from 2013 to 2016.
The composite insulators market in the U.S. will witness growth of over 6% by 2024. Significant investments toward grid modernization activities complemented by stringent regulatory measures to replace the old transmission lines will propel the industry growth. The World Energy Outlook announced that the overall investment in the U.S., for replacement of outdated transmission networks grew to USD 3.7 billion in 2017 from USD 3.1 billion in 2015.
Extensive applicability across low voltage areas coupled with the ability to offers reliable operations in comparison to its counterparts will boost the shackle composite insulators market. Limited maintenance requirements along with the ability to meet the electricity demand in a cost-effective manner are some of the underlying features stimulating the product adoption.
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Increasing electricity demand from residential establishments on account of rapidly growing population will drive the 11 kV composite insulators market growth. In addition, ability to deliver safe and reliable operation across residential embodiments will further drive the product demand.
Notable industry players across the composite insulators market includes ABB, Lapp Insulators, Deccan Enterprises, Olectra Greentech, Seves Group, TE Connectivity and General Electric amongst others.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Composite Insulators Industry Insights
Chapter 4. Composite Insulators Market, By Voltage
Chapter 5. Composite Insulators Market, By Application
Chapter 6. Composite Insulators Market, By Product
Chapter 7. Composite Insulators Market, By End use
Chapter 8. Composite Insulators Market, By Rating
Chapter 9. Composite Insulators Market, By Installation
Chapter 10. Composite Insulators Market, By Region
Chapter 11. Company Profiles
For More Details On this Report: https://www.marketstudyreport.com/reports/composite-insulators-market
Related Report:
United States Polymer Composite Insulators Market Report 2017
In this report, the United States Polymer Composite Insulators market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. United States Polymer Composite Insulators market competition by top manufacturers/players, with Polymer Composite Insulators sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including SEVES,Lapp Insulators, Pfisterer, INAEL Elactrical.
https://www.marketstudyreport.com/reports/united-states-polymer-composite-insulators-market-report-2017
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