Global Hollow Core Insulator Market is growing with factors such as rising demand for lightweight electrical insulating systems, increasing trend of replacing the ceramic insulating system, shift in consumer preferences towards safe and reliable power equipment, increase in growth in transmission and distribution network across the region and easy handling and installation of hollow core insulator drives the market growth
However, the higher cost associated with the purchase of hollow core insulation and stringent government regulations may hinder the growth of the hollow core insulator.
Global Hollow Core Insulator Market Scenario
According to Data Bridge Market Research, the market for Asia-Pacific has the highest market share, followed by Europe and North America. The market leader is Maschinenfabrik Reinhausen Gmbh which caters to almost 15.30% market share. Some of the recent development by the company are-
- In November 2019, Maschinenfabrik Reinhausen Gmbh & Grasim Industries Limited had signed an agreement to form the manufacturing and sale of composite hollow core insulators to serve the power transmission and distribution industry globally. In this agreement, Aditya Birla Power Composites Limited will set up a state-of-the-art CHCI manufacturing plant in India. With this, the company has served the insulator requirements of global OEMs in the power equipment industry and has helped them to enhance their product proposition for utilities worldwide
Trends Impacting the Market
Now the question is, which other regions Maschinenfabrik Reinhausen Gmbh are targeting? Data Bridge Market Research has forecasted a large growth of hollow core insulators in the Asia-Pacific market and the market leaders targeting North America and Europe to be their next pocket revenue for 2021.
Some of the major players operating in the global hollow core insulator market are PPC Austria Holding GmbH, CTC INSULATOR, Modern Insulators Ltd., PFISTERER Holding AG, Jiangsu Shenma Electric Power Co., Ltd, Maschinenfabrik Reinhausen GmbH, SAVER S.p.A, Nanjing Electric(Group)Co., Ltd., NGK INSULATORS, LTD, ZPE ZAPEL S.A, Zhengzhou Orient Power Co., Ltd, SANDIAN ELECTRIC, Aditya Birla Insulators., MacLean-Fogg, Global Insulator Group LLC, Royalinsulator, Hitachi ABB Power Grids, Fujian Ruisen New Materials Co., Ltd., Dalian Hivolt Power System Co., Ltd., Newell & Hindustan Urban Infrastructure Ltd among others.
For more analysis on the hollow core insulator market, request a briefing with our analysts- https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-hollow-core-insulator-market
Global Hollow Core Insulator Market Developments
- In August 2021, Hitachi ABB Power Grids announced a step for a sustainable energy future and entering the transmission voltage level with its Econi eco-efficient high-voltage portfolio. EconiQ is the company’s eco-efficient portfolio for sustainability, where products, services, and solutions are proven to deliver exceptional environmental performance
- In April 2021, NGK INSULATORS, LTD. had formulated the NGK Group environmental vision for 2050 and the fifth five-year environmental action plan as a five-year initiative beginning in 2021. The company had set goals such as net-zero volume of carbon dioxide (CO2) emissions by 2050. It had further helped the company to form a recycling-oriented society, thereby expanding its global footprint across the region
Scope Of The Global Hollow Core Insulator Market
- On the basis of geography, the global hollow core insulator market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
- All country-based analysis of the global hollow core insulator market is further analyzed based on maximum granularity into further segmentation. The hollow core insulator market is segmented into five notable segments which are based on voltage rating, shed material type, shed design, product type, and application.
- On the basis of voltage rating, the hollow core insulator market is segmented into below 300 kV, 300-600kV, and above 600kV. On the basis of shed material type, the hollow core insulator market is segmented into high-temperature vulcanized (HTV) silicone rubber and liquid silicon rubber. On the basis of shed design, the global hollow core insulator market is segmented into single rib shed, double rib shed, plain shed, alternating shed, and super deep rib shed. On the basis of product type, the global hollow core insulator market is segmented into ceramic and composite. On the basis of application, the global hollow core insulator market is segmented into a circuit breaker, instrument transformer, bushing, cable termination, surge arrester, station post, and switching gear.
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Key Pointers Covered In Global Hollow Core Insulator Market Industry Trends and Forecast to 2028
- Market size
- Top to bottom market analysis
- Recent developments for market competitors
- Recent market value for different countries
- Market value and overview of global hollow core insulator market
- Company profiling of top eight players of global hollow core insulator market
Key Market Competitors Covered in the Report
- PPC Austria Holding GmbH
- CTC INSULATOR
- Modern Insulators Ltd.
- PFISTERER Holding AG
- Jiangsu Shenma Electric Power Co., Ltd
- Maschinenfabrik Reinhausen GmbH
- SAVER S.p.A
- Nanjing Electric(Group)Co.,Ltd
- NGK INSULATORS LTD.
- ZPE ZAPEL S.A
- Zhengzhou Orient Power Co., Ltd
- SANDIAN ELECTRIC
- Aditya Birla Insulators
- MacLean-Fogg
- Global Insulator Group LLC
- royalinsulator
- Hitachi ABB Power Grids
- Fujian Ruisen New Materials Co., Ltd.
- Dalian Hivolt Power System Co.,Ltd
- Newell
- Hindustan Urban Infrastructure Ltd.
- The H-J Family of Companies
- ZPE ZAPEL S.A.
- Dalian Electric Porcelain Group Co., Ltd.
Above are the key players covered in the report for the global hollow core insulator market. To know about more and exhaustive list of sanitary ware companies’, contact us- https://www.databridgemarketresearch.com/toc/?dbmr=global-hollow-core-insulator-market
Research Methodology: Global Hollow Core Insulator Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Researchers, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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