Global Hollow Core Insulator Market, By Voltage Rating (Below 300 KV, 300-600 KV, Above 600 KV), Shed Material Type(High Temperature Vulcanizing (HTV) Silicon Rubber, Liquid Silicon Rubber), Shed Design (Plain Shed, Alternating Shed, Single Rib Shed, Double Rib Shed, Super Deep Rib Shed), Product Type (Ceramic, Composite), Application (Instrument Transformers, Circuit Breakers, Surge Arresters, Bushing, Switching Gear, Station Post, Cable Termination), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, The Netherlands, Switzerland, Russia, Turkey, Belgium, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest Of Asia-Pacific, Saudi Arabia, South Africa, U.A.E., Egypt, Israel and Rest Of Middle East And Africa, Brazil, Argentina, Rest of South America) Industry Trends and Forecast To 2028.

Market Analysis and Insights : Global Hollow Core Insulator Market

The global hollow core insulator market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.9% in the forecast period of 2021 to 2028 and is expected to reach USD 956,604.86 million by 2028. Rising demand for lightweight electrical insulating systems is the prominent factor that is expected to drive the growth of the market.

An insulator is a material used to keep sound or heat contained or something that 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. Compared to glass and porcelain insulators, hollow core insulators offer other significant benefits due to their lighter weight, better contamination performance, seismic resistance, and increased protection while in a catastrophic failure. Hollow-core insulators offer dimensional consistency, which permits for enhancements in dielectric optimization and higher overall performance of diverse seal systems. The demand for hollow core insulators has increased in the wake of protecting transformers and power transmission lines due to the hydrophobicity of its sheds which therefore provide improved performance under challenging environmental and polluted conditions.

An increase in growth in transmission and distribution networks across the region is expected to act as the major driving factor in the market. The higher cost associated with the purchase of hollow-core insulation is acting as a restraint to the market growth. Also, the challenges faced due to the impact of COVID-19 on the supply chain of raw materials are few other restraining factors.

However, up-gradation and expansion of the electricity and power generation sector are opportunities for the market's growth. Lack of infrastructure for database management systems in the power sector could prove to be a challenge.

The hollow core insulator market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the hollow core insulator market scenario, contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.

Hollow Core Insulator Market Scope And Market Size

The global 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. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of voltage rating, the hollow core insulator market is segmented into below 300 kV, 300-600kV, and above 600kV. In 2021, below 300 kV is expected to hold the highest market share owing to the increasing usage of multi-circuit transmission technology and the rise in the application of triple and quadruple circuit lines.

On the basis of shed material type, the hollow core insulator market is segmented into high-temperature vulcanizing (HTV) silicone rubber and liquid silicon rubber. In 2021, high-temperature vulcanizing (HTV) silicone rubber is expected to hold the highest market share owing to its better antipollution flashover capacity.

On the basis of shed design, the hollow core insulator market is segmented into single rib shed, double rib shed, plain shed, alternating shed, and super deep rib shed. In 2021, the plain shed segment is expected to hold the highest market share due to its safe and stable distribution of electricity generated at power plants. Moreover, the inorganic bonding used in large plain shed hollow insulators ensures remarkable long-term reliability.

On the basis of product type, the hollow core insulator market is segmented into ceramic and composite. In 2021, the ceramic insulator is expected to hold the highest market share as they are generally used owing to their high dielectric strength, low electrical loss, and high dielectric constant.

On the basis of application, the hollow core insulator market is segmented into a circuit breaker, instrument transformer, bushing, cable termination, surge arrester, station post, and switching gear. In 2021, the instrument transformer is expected to hold the highest market share as it provides electrical isolation between high voltage power circuits and measuring instruments, which reduces the electrical insulation requirement for measuring instruments and protective circuits and also assures the safety of operators.

Hollow Core Insulator Market Country Level Analysis

The hollow core insulator market is analyzed, and market size information is provided by the country, voltage rating, shed material type, shed design, product type, and application as referenced above.

The countries covered in the hollow core insulator market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, the Netherlands, Russia, Turkey, Belgium, the rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America.

Ceramic held a larger share in the market, owing to the comparatively higher life cycle, less cost of maintenance, and increased product availability. China is expected to dominate the Asia-Pacific region due to the expansion of power grids in urban as well as rural areas and up-gradation for higher capacity. Germany is expected to dominate the Europe region due to the increase in smart grids development and high safety measurements. The U.S. is expected to dominate the North America region because of rapid development in technology and demand for high capacity supply.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

Shift In Consumer Preferences Towards Safe And Reliable Power Equipment Is Boosting The Market Growth Of Hollow Core Insulator Market.

The hollow core insulator market also provides you with a detailed market analysis for every country's growth in the particular market. Additionally, it provides detailed information regarding the market players' strategy and their geographical presence. The data is available for the historical period 2010 to 2019.

Competitive Landscape And Hollow Core Insulator Market Share Analysis

Hollow core insulator market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to the hollow core insulator market.

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.

Many contracts and agreements are also initiated by the companies worldwide, which also accelerates the hollow core insulator market.

For instance,

In August 2021, Hitachi ABB Power Grids had 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. With that, the company had manufactured the first commercially available alternative to SF6 for gas-insulated switchgear with circuit breakers for power transmission networks, thereby reducing environmental effects significantly

In October 2019, Grasim Industries Limited (a unit of Aditya Birla Insulators) and Maschinenfabrik Reinhausen GmbH (MR) of Germany had signed a definitive agreement to construct a joint venture company (JVC) in India to manufacture and sell Composite Hollow Core Insulators (CHCI) for the worldwide power transmission and distribution (T&D) market. The joint venture had bought combined experience in the insulator industry, thereby enhancing their product portfolio and global footprint across the region

SKU-51769

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.

The key research methodology used by 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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Global Hollow Core Insulator Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Hollow Core Insulator Market

Hollow Core Insulator Market Scope And Market Size

Hollow Core Insulator Market Country Level Analysis

Competitive Landscape And Hollow Core Insulator Market Share Analysis

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Research Methodology:

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