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Hollow Core Insulator market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.2% in the forecast period of 2022 to 2029 and is 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.
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Market Overview:
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.
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.
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.
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TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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