17th October 2018– Global Composite Insulator Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types, and its applications are increasing across the globe. Composite Insulators are also termed as “Silicon rubber insulators” or “Polymer insulators”. A composite insulator includes at least two insulating parts, such as fiberglass core and housing equipped with metal end fittings. Composite insulators are witnessing developing trend. They denote the new technology for electrical insulators. In addition, as compared to the glass insulators or porcelain a composite insulator has several prominent factors such as being non-brittle and light in weight; due to which construction costs get reduced. It is ideal for use in compact line post insulators, and protection against seismic waves, and contamination.
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Composite Insulators Market is categorized based on product type, applications, and geography. Composite Insulators Market is categorized based on product types such as Suspension, Line Post, Braced Line Post, Pivoting Braced Post, Horizontal Vee, Insulated Cross-arm. Composite Insulators Market is categorized based on application into Low Voltage Line, Power Plants, Substations, High Voltage Line, Others. Composite Insulators Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
Some of the key players that fuel the growth of the Composite Insulators Market include Pfisterer, INAEL Electrical, Lapp Insulators, ABB, Saver Group, Yamuna, Pinggao Group, Goldstone Infratech, Gruppo Bonomi, FCI, Exel Composites, MR, Siemens, Zapel, Shenma Power. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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