The Hollow Core Insulator Market To Witness An Emphatic Growth Between 2021-2031

Hollow Core Insulator Market: Introduction
An Insulator is a material which is used to keep sound or heat contained, or something which does not conduct electricity. Hollow core insulators are insulating substances for various high voltage applications and electrical power transmission lines. Hollow core insulators, alternatives for glass and porcelain insulators, provide high quality, reliable and strong performance in high voltages up to 1100 kV AC and 1100 kV DC. As compared to glass and porcelain insulators, hollow core insulators offer other significant benefits such as lighter weight, better contamination performance, seismic resistance and increased protection while in a catastrophic failure.

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Hollow Core Insulator Market: Dynamics
As per the EIA, global electricity consumption is expected to grow at a higher rate than the population, hence leading to the per capita electricity consumption. The power transmission and distribution sector has been witnessing a spike in intermittent cut-offs in power supply involving scheduled load shedding to abrupt terminations for the consumers.
This phenomenon can be due to wiring failures or short circuits in the power transmission lines, which could also be harmful for residents nearby. Hollow core insulators ensure that an electrical conductor has safe passage through a conducting barrier without causing issues such as making electrical contact with it.
One main application of hollow core insulators involves switchgears, in which hollow core insulators offer tight dimensional insulating, flexibility and short design cycle time, essential to the rise in demand for the hollow core insulator.
The growth of hollow core insulators market can also be attributed towards consumers' preference towards safer and high performance and power equipment. As mentioned above, due to the advantages hollow core insulators provide over glass and porcelain insulators, the hollow core insulator market continues to grow. Hollow core insulators also find immense applications in ultra and extra high voltage apparatuses, thereby creating a positive prospects for the upward trend of the market.

Hollow Core Insulator Market: Segmentation
On the basis of product type, the global Hollow Core Insulator market can be segmented into the following:
• Composite
• Ceramic
On the basis of application type, the glow Blow - off valves market can be segmented into the following:
• Instrument Transformer
• Circuit Breaker
• Bushing
• Surge Arrester
• Cable Termination
• Switching Gear
• Station Post
• Current Transformer
• Voltage Transformer
On the basis of shed material type, the global Hollow Core Insulator market can be segmented into the following:
• Liquid Silicone Rubber
• Heat Transfer Vinyl
On the basis of voltage, the global Blow - off valves market can be segmented into the following:
• Below 300 kV
• 300 to 600 kV
• Above 600 kV

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Hollow Core Insulator Market: Regional Outlook
In terms of region, South Asia Pacific and East Asia are identified to be prominent markets to create a significant demand in the hollow core insulators market. Developing countries in South Asia and Pacific region such as India and ASEAN are expected to create a high demand due to rising urbanization and increasing disposable income.
China ranks highest in the average electrical consumption per capita. China also has one of the world's largest power transmission lines for hydroelectric plants, which would require efficient hollow core insulators. Rise in production of electricity via renewable energy sources in European countries will also drive the growth of the hollow core insulator market.
Developed countries in North America have high voltage (230 KV to 765kV) transmission lines and more than 15000 transmission lines are also expected to foster the growth of the hollow core insulator market. Middle East and Africa region may also offer lucrative growth opportunities from the mining industry.

Hollow Core Insulator Market: Key Players
Major market participants in the global Hollow Core Insulator market identified across the value chain include:
• ABB Ltd
• T.E Connectivity
• Lapp Insulators
• Saver S.P.A
• Ceralep
• Shemar Electric Co., Ltd
• Mascheinfabrik Reinhausen
• PPC Insulators Austria GmbH
• Allied Insulators Group Limited
• ZPE ZAPAL S.A

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This release was published on openPR.