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  3. Hollow Core Insulator Market Segmentation by Material - Ceramic and Composite; Voltage Rating - 1-69kV, 69-230kV, above 230kV; Application - Switchgear, Current and Voltage Transformer, Cable Termination and Bushing, Surge Arrester, Station Post

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Hollow Core Insulator Market - Snapshot

The hollow core insulator market is going through a transition stage in different regions of the world. Manufacturers produce either ceramic or composite hollow core insulators according to the preference of end-users, especially the power transmission sector in that specific region. For e.g. ceramic remains by far the preferred material for hollow core insulators in India. On the other hand, European countries are increasingly adopting composite hollow core insulation technology. However, certain parts of these countries still prefer the ceramic type. Thus, overall, the demand for hollow core insulator technology varies in different regions of the world. The global hollow core insulator market is projected to expand at a CAGR of 4.9% during the forecast period and reach US$ 4,959.2 Mn by 2026.

hollow core insulator market

Selection of composite hollow core insulators for one to one replacement of ceramic type is expected to be the major driver facilitating the growth of the global hollow core insulators market. For higher voltage levels, ceramic is expensive and requires long production lead-times. Therefore, until recently, composite hollow core insulators were preferred at either very high voltage levels or for seismic environments only. However, currently, they are increasingly viewed as a good replacement for ceramic type at a wide range of voltage levels and applications.

Composite insulators are made with liquid silicone rubber sheds or hydrophobic HTV. Therefore, they offer high performance under contamination with reduced creepage distances, leading to low maintenance even in the most demanding applications. Safety is another major advantage offered by composite hollow core insulators on pressurized substation equipment and personnel. Every year, several instances of disastrous equipment failures such as explosion, internal arcing, seismic stresses, or short circuit displacement of bus supports leads to material damage and injury to personnel. This is majorly due to the violent explosion of ceramic hollow core insulator with its fragments thrown at a very high speed. Since composite insulators remain mechanically intact in the event of puncture, they do not cause damage to surrounding equipment and persons in the vicinity, assuring maximum safety at the substation. Thus, important safety considerations for power utilities are expected to lead to increased preference for composite hollow core insulators, driving the overall hollow core insulators market.

However, the growing voltage levels are imposing increasing requirements on quality of composite hollow core insulators for substation equipment applications such as transformers, breakers, surge arresters, and wall bushings. Their larger size corresponds to higher manufacturing cost, which means that faulty units can lead to expensive mistakes. This is the reason the quality of various materials that are used for insulator components have to be cautiously examined at every production phase. Moreover, the threat of manufacturing errors in the form of gaps, voids, and areas of poor adhesion between the housing and the core must be reduced. This seems to be the only way to assure a reliably superior quality interface between the housing and the core. Insufficient chemical bonding at this interface, even if limited to a small area, could result in the inception of degradation process, which over a period of time could lead to failure. It is therefore crucial to gain more understanding about the performance of imperfectly bonded interfaces between the silicone rubber housing and the epoxy core, particularly when exposed to partial releases in a moist location.

Amongst all voltage ratings, 230 kV is expected to be largely preferred due to increasing power transmission and distribution applications across the world. Particularly, development in ultra-high voltage applications is resulting in increased installation of switchgear and current & voltage transformers amongst other applications.

Attracted by this expanding market and its underlying latent demand, several players are expanding their business through optimization of production and business processes and investment in product development to deliver innovative solutions to the industry. Some of the prominent players identified in the hollow core insulator market includes PPC Insulators Austria GmbH, Allied Insulators Group Limited, Lapp Insulators GmbH, CTC Insulator Co., Ltd., ABB Ltd, TE Connectivity Ltd, Maschinenfabrik Reinhausen GmbH, ZPE ZAPAL S.A, saver S.p.A, and CERALEP SN.

Hollow Core Insulator Market: Overview

This comprehensive report by Transparency Market Research analyzes and forecasts the hollow core insulator market at the global and regional level. The report provides an analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report emphasizes on all the major trends and services playing a key role in the hollow core insulator market growth during 2018 - 2026. It also focuses on restraining factors, market drivers, and opportunities of the hollow core insulator market during the said period. The study provides a complete perspective about the hollow core insulator market’s growth throughout the research study in terms of value (in US$ Mn)and volume (in Thousand Units) across various geographies, including Asia Pacific, South America, North America, Middle East & Africa (MEA), and Europe.

The report includes a detailed value chain analysis which is focused on providing a widespread view of the global hollow core insulator market. Porter’s Five Forces analysis is also provided to understand the competitive scenario in the market. The study incorporates market attractiveness analysis, wherein the market segments for material, voltage rating, and application are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a complete analysis of the overall competitive scenario in the hollow core insulator market, every geographic region mentioned in the report, is provided with attractiveness analysis.

A market overview chapter in the hollow core Insulator market report explains the market trends and dynamics that include the market restraining factors, drivers, and opportunities for the current and future hollow core insulator market. A market outlook analysis has also been provided globally in the report. Additionally, the report also provides analysis of different business strategies being adopted by the market leaders of the hollow core insulator market. Market introduction chapter assists in gaining an idea of different trends and services related to hollow core insulators along with their materials and applications.

Global Hollow Core Insulator Market: Scope of the Report

The study provides a decisive view on the global hollow core insulator market, by segmenting the market on the basis of material into ceramic and composite. By voltage rating, the market has been classified into1-69kV, 69-230kV, and above 230kV. By application, the market has been classified into switchgear, current & voltage transformer, cable termination & bushing, surge arrester, station post, and others. The report provides a detailed breakdown of the hollow core insulator market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.

The report further highlights the competitive scenario within the hollow core insulator market, thus ranking all the major players according to the key recent developments and their geographic presence. The insights for the hollow core insulator market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.

On the basis of country, the North America market is bifurcated into Canada, the U.S., and Rest of North America. Furthermore, Europe market is analyzed across the U.K., France, Germany, and Rest of Europe. The hollow core insulator market in APAC is also segmented on country level which includes China, Japan, India, South Korea, and Rest of Asia Pacific. Middle East & Africa region covers the GCC, South Africa, and Rest of Middle East and Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the hollow core insulator market along with its material and application. Also, the report provides insights related to the components and different applications according to the various geographical regions mentioned above.

Global Hollow Core Insulator Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources include annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, etc.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the hollow core insulator market across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global Hollow Core Insulator Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global hollow core insulator market. Market players have been profiled in terms of attributes such as company overview, financial overview, SWOT analysis, business strategies, and recent developments. Key players in the hollow core insulator market are PPC Insulators Austria GmbH, Allied Insulators Group Limited, Lapp Insulators GmbH, CTC Insulator Co., Ltd., ABB Ltd, TE Connectivity Ltd, Maschinenfabrik Reinhausen GmbH, ZPE ZAPAL S.A, saver S.p.A, and CERALEP SN. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

The hollow core insulator market has been segmented as follows:

Global Hollow Core Insulator Market

Hollow Core Insulator Market, by Material

  • Ceramic
  • Composite

Hollow Core Insulator Market, by Voltage Rating

  • 1-69kV
  • 69-230kV
  • Above 230kV

Hollow Core Insulator Market, by Application

  • Switchgear
  • Current & Voltage Transformer
  • Cable Termination & Bushing
  • Surge Arrester
  • Station Post
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • South Korea
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
.