The composite insulators market size valued at USD 1.97 Bn in 2021 and is projected to reach USD 2.81 Bn by 2026, growing at a CAGR of 7% from 2022 to 2032.

The growing demand for revamping the existing electrical network aided with more safety features has been the major factor behind the growing demand for silicone rubber polymer composite insulators in particular and the composite insulators market.

Delivering clean, reliable and affordable sources of electricity requires the establishment of more transmission lines to reduce the wastage in long-distance distribution networks. This situation is expected to foster the global composite insulators market providing the composite long rod insulators used for high voltage wires.

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After discovering vaccines for controlling the Covid-19 spread, national governments are increasingly spending on infrastructure development for reviving a pandemic hit economy.

Electricity supply is the most crucial utility service is focuses on establishing transmission lines for wide distribution, creating a massive demand for composite line post insulators across the geographical regions.

“Growing concern for deploying energy-efficient technologies in distribution and consumption of electrical energy has rendered the silicone composite insulators as the best alternative.”—opines an FMI analyst.

Due to the larger geographical area and a higher population count, the Asia Pacific region is estimated to experience robust growth in the composite insulators market.

State-owned utility companies are at the forefront in the purchase and installation of composite post insulators in their respective area of operation, favouring the growth of the market predicted to reach up to a value of US$ 1 Bn by 2028.

Some of the major players covered by the market report include GE, Siemens Energy, Lapp Insulators Group, Seves, Bharat Heavy Electricals Limited (BHEL), GIPRO GmbH, Olectra Greentech Limited, TE Connectivity, Hitachi Energy Ltd.

The organized sector in the global composite insulators market catering to large industrial consumers will face a significant challenge from the growing number of unorganized sectors flooding the local markets with cheap alternatives of composite tension insulators.

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About Future Market Insights (FMI) Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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