Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Composite insulators are widely accepted across the power & infrastructure sectors on account of their diverse applications and excellence in performance. Further, these insulators support the increase in efficiency of power grids by reducing the power interruptions and losses. The composite insulators market is anticipated to witness a CAGR of around 9% over the forecast period i.e. 2019-2027.
This can be attributed to the rise ininfrastructure spending on account of modernization of power grids and expansion of power distribution network in order to increase in power generation capacity and meet the rising demand of power. The global composite insulator market is segmented by type and application.
Geographically, the composite insulators market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America is estimated to hold the largest market share over the forecast period on the back increasing government regulations and investments, pertaining to modernization of grids. The composite insulators market in Europe is further expected to grow on account of, grid modernization and rapid urbanization. Moreover, the market in Asia Pacific is estimated to witness highest growth rate owing to urban energy planning of emerging economies and the extended efforts by the government to build efficient transmission and distribution networks.
Increased governmental focus, pertaining to clean energy, along with precise framework towards power conservation are likely to favor the adoption of composite insulators. Moreover, large scale adoption of composite insulators in commercial, residential and industrial areas on the back of its ability to support diverse applications is anticipated contribute towards the market growth during the forecast period.
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However, change in the efficiency of the composite insulators at different locations specifically, when exposed to humid weather conditions is anticipated to hinder the adoption of composite insulators, thereby negatively affecting the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the composite insulators market which includes company profiling of key companies such as:
ABB (SWX: ABBN), Bonomi Eugenio SpA, Deccan Enterprises Limited, General Electric (NYSE: GE), Inael Electrical Systems, Olectra Greentech Limited.( NSE: OLECTRA), PFISTERER Holding AG, SAVER S.p.A., Siemens (ETR: SIE) and Seves
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. Conclusively, the report titled“Global Composite Insulators Market Outlook 2027”, analyses the overall composite insulators industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global composite insulators market in the near future.
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