Composite Insulators Market

Composite Insulators Market Segmentation By Type (Braced Line Post, Horizontal Vee, Insulated Cross-Arm, Line Post, Pivoting Braced Post And Suspension); By Application (Low Voltage Line And High Voltage Line) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1908 | Published On: Apr 07, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

In The News

  • In Sept 2019, General Electric (GE) received a grid upgrade order worth USD $10 million from West Bengal State Electricity Transmission Company (India) through a competitive bidding process in order to help meet the energy needs of the Ramnagar, Manbazaar and Birlarpur areas of West Bengal. The order includes construction of three new 132/33 kV substations using the company’s advanced Gas Insulated Switchgear (GIS) technology.

Composite Insulators Market Overview

An electrical insulator is a material used to wrap electrical cables and other equipment in order to prevent free flow of current between the electric conductors in a power network. Insulators which are made up of at least two insulating materials are known as composite insulators.

A composite insulator is reliable and lightweight in nature and widely accepted across the power & infrastructure sectors on account of its diverse applications and excellence in performance. Use of composite insulators increases the efficiency of power grids by mitigating the power interruptions and losses. Additionally, they are being used on account of their characteristics to perform efficiently in heavy pollution areas and for high voltage products as well. These factors are anticipated to contribute towards the rise in adoption of composite insulators in numerous areas. Moreover, the increase in spending and investments by the government on infrastructure in order to meet the demand of power supply in developed areas is anticipated to significantly raise the demand for composite insulators around the globe in upcoming years.  Furthermore, composite insulators industry is estimated to grow owing to stringent legal framework by the regulatory authorities to meet operational efficiency in power production and distribution by modernization of existing grids and expansion of new grid networks.

Market Size and Forecast

The composite insulators market is anticipated to witness significant opportunities and is estimated to grow at a CAGR of around 9% over the forecast period i.e. 2019-2027. The market is segmented by type into braced line post, horizontal vee, insulated cross-arm, line post, pivoting braced post and suspension, out of which, suspension composite insulators are anticipated to hold the major share in the market on account of their usage in numerous areas and their ability to provide efficiency in operations of grid networks. On the basis of application, it is segmented into low voltage line and high voltage line, out of which, high voltage line is anticipated to grow at the highest rate on the back of increase in investments in high voltage transmission lines.

Electricity Production market Graph

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Growth Drivers

Increased Infrastructure Spending on Power Grids

In order to increase the power generation capacity and meet the rising demand for electricity, there is a rise in expansion of power distribution network around the globe which is further leading to large scale adoption of composite insulators in commercial, residential and industrial sectors. These factors combined with diverse applications of composite insulators are estimated to fuel the growth of composite insulator market over the forecast period.

Increased Government Support

Increased government focus pertaining to clean energy along with precise framework towards power conservation is likely to favor the adoption of composite insulators, thereby estimated to contribute towards the market growth over the forecast period. Moreover, rise in investments for development of effective grid infrastructure on the back of power distribution reforms is anticipated to propel the growth of the market around the globe.

Composite Insulators market Graph

Electricity Production market Graph
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Change in Efficiency at Different Locations

Change in the efficiency of the composite insulators at different locations, especially when exposed to humid weather conditions is anticipated to hinder the adoption of composite insulators, thereby negatively affecting the growth of the market.

Market Segmentation

Our in-depth analysis of the composite insulators market includes the following segments:

By Type

  • Braced Line Post
  • Horizontal Vee
  • Insulated Cross-Arm
  • Line Post
  • Pivoting Braced Post
  • Suspension

By Application

  • Low Voltage Line
  • High Voltage Line

By Region

On the basis of regional analysis, the composite insulators market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America is anticipated to hold the largest market share over the forecast period on the back of increasing government regulations and investments pertaining to modernization of aging grids and expansion of grid network. The composite insulators market in Europe is further estimated to grow at an incremental rate owing to increased focus of the regulatory authorities on grid modernization and rapid urbanization in the region. Furthermore, the market in Asia Pacific is anticipated to grow at highest growth rate on the back of rising demand of power, increase in power generation capacity of the emerging economies and the extended efforts by the government to build efficient transmission lines and distribution networks. These factors are estimated to fuel the growth of the market in the regions.

The Composite Insulators market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis.
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis.
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis.
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Composite Insulators market Graph
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Top Featured Companies Dominating the Market

    • ABB
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Bonomi Eugenio SpA
    • Deccan Enterprises Limited
    • General Electric
    • Inael Electrical Systems
    • Olectra Greentech Limited
    • PFISTERER Holding AG
    • SAVER S.p.A.
    • Siemens
    • Seves

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