Global Hollow Core Insulator Market

Global Hollow Core Insulator Market was valued US$3.42 Bn in 2017 and is expected to reach US$4.9 Bn by 2026, at a CAGR of 4.6% during a forecast period. The hollow core insulator market is segmented into material, voltage rating, application, and region. In terms of material, global hollow core insulator market is segmented into ceramic, and composite material. Based on voltage rating, global hollow core insulator market is divided into 1-69kv, 69-230kv, and above 230kv. Further application, global hollow core insulator market is split into switchgear, current and voltage transformer, cable termination and bushing, surge arrester, station post, and others. Based on regions, the global hollow core insulator market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa. Safety is major driving factor offered by composite hollow core insulators on pressurized substation equipment and personnel. Increasing industrialization and urbanization, growth in transmission and distribution networks, increased renewable energy production, and supportive government initiatives for expansion or upgrade of existing transmission systems is another major driving factor of hollow core insulators market. The major restring factor of global hollow core insulators market is insufficient chemical bonding at the point of interface, even if limited to a small area, could result in the inception of degradation process. Based on application, Composite insulators are made with liquid silicone rubber sheds or hydrophobic HTV. Therefore, they offer high performance under contamination with reduced creepage distances, leading to low maintenance even in the most demanding applications. By voltage rating, above 230 kV segment is expected to the most lucrative owing to increasing government spending on development of ultra-high voltage transmission lines particularly in Asia Pacific and Europe among other regions. In terms of region, Asia Pacific dominated the hollow core insulator market in terms of revenue and volume, owing to increasing number of transmission grids for bulk power transmission lines to connect south to north and east to west provinces of the country and strengthening the mid voltage distribution lines to reduce transmission losses. Some of the prominent players in the global hollow core insulator market includes PPC Insulators Austria GmbH, Allied Insulators Group Limited, Lapp Insulators GmbH, CTC Insulator Co., Ltd., ABB Ltd, TE Connectivity Ltd, Maschinenfabrik Reinhausen GmbH, ZPE ZAPAL S.A, saver S.p.A, and CERALEP SN. Scope of Global Hollow Core Insulator Market: Global Hollow Core Insulator Market, by Material: • Ceramic • Composite Global Hollow Core Insulator Market by Voltage Rating: • 1-69kV • 69-230kV • Above 230kV Global Hollow Core Insulator Market by Application: • Switchgear • Current & Voltage Transformer • Cable Termination & Bushing • Surge Arrester • Station Post • Others Global Hollow Core Insulator Market, by Region • North America • Europe • Middle East & Africa • Asia Pacific • Latin America Key players operating in Global Hollow Core Insulator Market: • PPC Insulators Austria GmbH • Allied Insulators Group Limited • Lapp Insulators GmbH • CTC Insulator Co., Ltd. • ABB Ltd • TE Connectivity Ltd • Maschinenfabrik Reinhausen GmbH • ZPE ZAPAL S.A • saver S.p.A • CERALEP SN. • CERALEP SN and ABB Global GaN on Diamond Semiconductor Substrates Market

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