Global Hollow Core Insulator Market by material (ceramic, and composite), by voltage rating (1-69kv, 69-230kv, and above 230kv), and application (switchgear, current and voltage transformer, cable termination and bushing, surge arrester, station post, and others.), by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America is expected to reach US$ 4.9 Bn by 2026, at a CAGR of 4.6% during a forecast period.
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 global hollow core insulators market.
Significant growth in the power transmission sector across the world is driving the global hollow core insulator market.
Significant growth in the power transmission sector across the world is driving the global hollow core insulator market due to the global transmission investment continues to be strong driven by the replacement of aging infrastructure, reliability improvements, growth in renewable energy, and new natural gas power as well as growth of high-quality insulator products in the power sector including hollow core insulators.
Asia Pacific dominated the hollow core insulator market.
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.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global hollow core insulator market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global hollow core insulator market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global hollow core insulator market positioning of competitors.
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