Press release
Composite Insulators Market 2020 - 2025 : ABB, General Electric, Siemens AG, Lapp Insulators, Seves Group, Bharat Heavy Electricals Limited (BHEL).
The U.S. composite insulators market is anticipated to grow over 6% by 2024. Enhanced efforts by regulatory authorities for the rehabilitation and development of electric grid will boost the industry growth. Spending proposals and investments to strengthen the grid system will further propel the industry growth. According to the World Energy Outlook, the total transmission investments in the U.S. for the replacement of old transmission lines have increased from USD 3.1 billion in 2015 to USD 3.7 billion by 2017.
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Notable industry players across the composite insulators market share includes ABB, Lapp Insulators, Deccan Enterprises, Olectra Greentech, Seves Group, TE Connectivity and General Electric amongst others.
2017 Market Size - USD 1.5 Billion
Compound annual Growth Rate (CAGR)- 7.8%
2025 Forecast Value - USD 2.5 Billion
Global 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 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.
Key Highlights of this report:
Pages: 700
Tables: 1238
Charts / Figures: 33
Companies covered: 20
Countries covered: 43
High voltage composite insulators market size 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.
Rising focus toward the grid upgradation coupled with the addition of electricity generation capacities will drive the composite insulators market growth. In addition, increasing stringency of the regulatory authorities toward the adoption of energy efficient systems for power conservation will complement the business outlook. In 2016, electric utilities planned on investing USD 3.2 trillion to develop the global transmission & distribution infrastructure by the end of 2026.
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Growth Drivers of Composite Insulators Market:
o Refurbishment of existing grid networks
o Rising electric infrastructure spending
o Rapid smart grid adoption
o Expansion of sustainable electricity networks
o Increasing investment toward power generation
o Restructuring of electrical networks across war affected nations
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 share. 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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Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
o Olectra Greentech
o Deccan Enterprises
o Lapp Insulators
o Seves Group
o ABB
o General Electric
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.
Partial Table of Contents (ToC) of the report:
Chapter 4. Composite Insulators Industry Report, By Voltage
4.1. Market share by voltage, 2017 & 2024
4.2. High Voltage
4.2.1. Market estimates and forecast, 2013 - 2024
4.3. Medium Voltage
4.3.1. Market estimates and forecast, 2013 - 2024
4.4. Low Voltage
4.4.1. Market estimates and forecast, 2013 - 2024
Chapter 5. Composite Insulators Industry Report, By Application
5.1. Market share by application, 2017 & 2024
5.2. Cables and transmission lines
5.2.1. Market estimates and forecast, 2013 - 2024
5.3. Switchgear
5.3.1. Market estimates and forecast, 2013 - 2024
5.4. Transformer
5.4.1. Market estimates and forecast, 2013 - 2024
5.5. Bus Bars
5.5.1. Market estimates and forecast, 2013 - 2024
5.6. Others
5.6.1. Market estimates and forecast, 2013 - 2024
Chapter 6. Composite Insulators Industry Report, By Product
6.1. Market share by product, 2017 & 2024
6.2. Pin Insulator
6.2.1. Market estimates and forecast, 2013 - 2024
6.3. Suspension Insulator
6.3.1. Market estimates and forecast, 2013 - 2024
6.4. Shackle Insulator
6.4.1. Market estimates and forecast, 2013 - 2024
6.5. Other Insulators
6.5.1. Market estimates and forecast, 2013 - 2024
Chapter 7. Composite Insulators Industry, By End use
7.1. Market share by end use, 2017 & 2024
7.2. Residential
7.2.1. Market estimates and forecast, 2013 - 2024
7.3. Commercial and Industrial
7.3.1. Market estimates and forecast, 2013 - 2024
7.4. Utilities
7.4.1. Market estimates and forecast, 2013 - 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/composite-insulators-market
Related report :
COMPOSITE INSULATORS MARKET FORECAST 2018-2024, LATEST TRENDS AND OPPORTUNITIES
http://technologymagazine.org/composite-insulators-market-forecast-2018-2024-latest-trends-opportunities/
World Transformer Market value to hit $90 billion by 2026: Global Market Insights, Inc.
https://www.globenewswire.com/news-release/2019/10/24/1934691/0/en/World-Transformer-Market-value-to-hit-90-billion-by-2026-Global-Market-Insights-Inc.html
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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