Hollow Core Composite Insulators Market Size, Share, Trend, Forecast, Competitive Analysis and Growt
The hollow core composite insulators market is estimated to grow at an excellent rate over the next five years to reach an estimated value of US$ 443.9 million in 2025.
Market Drivers:
The market is driven by:
Increasing primary energy consumption,
growing interest towards high-performance and safer power equipment, and
the gradual shift from porcelain to composite insulators
A noteworthy trend that is creating a disrupting environment in the market is a sheer interest towards EHV and UHV apparatus, which, in turn, has created a positive impact in the demand for hollow core composite insulators as they are preferably used in such apparatus.