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Asia Pacific Composite Insulators Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Publisher Global Market Insights
Published Jan 09, 2025
Length 161 Pages
SKU # GMI19674969

Description

Asia Pacific composite insulators market was valued at USD 1.2 billion in 2023 and is projected to expand at a CAGR of 6.6% from 2024 to 2032. Increasing efforts to modernize electrical grids and strengthen power infrastructure are driving growth across the region. Government initiatives aimed at reducing power outages and enhancing energy transmission reliability are fueling demand for advanced insulation solutions. Additionally, expanding investments in power networks and the refurbishment of aging transmission infrastructure are creating favorable market conditions. The adoption of composite insulators is accelerating due to their ability to improve power transmission efficiency and minimize energy losses. The transition toward smart grids and sustainable energy sources is further supporting industry expansion. Investments in high-voltage transmission systems and the integration of renewable energy into power grids are adding momentum to the sector. Authorities across the region are prioritizing energy security and efficiency, leading to the widespread adoption of advanced insulation technologies.

The transmission lines segment is poised to reach USD 536.9 million by 2032. The growing demand for reliable electricity transmission, coupled with the expansion of power distribution networks, is supporting market growth. Composite insulators are gaining traction as they offer superior insulation, enhance power transmission performance, and reduce leakage currents. Their increased deployment across transmission networks is being driven by the need to maintain grid stability and efficiency. Government programs focusing on the development of energy infrastructure in underserved areas, along with modernization initiatives, are accelerating product adoption.

The utilities segment is expected to grow at a CAGR of 6.6% through 2032. Investments in high-voltage transmission networks are rising in response to increasing energy consumption, rapid urbanization, and population growth. The ongoing upgrade of power infrastructure and the transition to smart grid systems are key factors driving industry expansion. Authorities are investing heavily in electricity transmission improvements to reduce power disruptions and enhance energy distribution. Increased spending on electrical infrastructure, aimed at minimizing service outages and improving operational efficiency, is contributing to the growing demand for composite insulators. Large-scale renewable energy projects and grid modernization initiatives are further shaping the competitive landscape.

Australia composite insulators market is projected to reach USD 118 million by 2032, driven by rising electricity demand and ongoing efforts to upgrade and expand the country’s power grid. The push toward renewable energy integration, combined with government policies supporting infrastructure modernization, is strengthening industry expansion. Investments in high-voltage transmission networks are increasing as utilities work to improve grid efficiency and reduce power losses. The shift toward smart grids, along with initiatives to enhance energy reliability in remote and rural areas, is further influencing market trends. Utility providers are focusing on modernizing transmission and distribution networks, boosting the adoption of advanced insulation solutions. The expansion of clean energy projects and continued efforts to build a more resilient power grid are expected to fuel long-term market growth.

Table of Contents

161 Pages
Chapter 1 Research Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Market estimates & forecast parameters
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Industry Insights
2.1 Industry ecosystem analysis
2.2 Detailed list of potential clients, by country
2.2.1 Australia
2.2.1.1 Powerlink Queensland
2.2.1.2 Transgrid
2.2.1.3 AusNet
2.2.1.4 TasNetworks
2.2.2 Brunei
2.2.2.1 Berakas Power Company Sdn. Bhd.
2.2.3 Cambodia
2.2.3.1 Cambodia Power Transmission Lines Co., Ltd (CTPL)
2.2.4 Indonesia
2.2.4.1 PT PLN (Persero)
2.2.5 Laos
2.2.5.1 Electricite du Laos Transmission Company Limited (EDL-T)
2.2.6 Malaysia
2.2.6.1 PESTECH International Berhad
2.2.6.2 MN Holdings Berhad
2.2.7 Myanmar
2.2.7.1 Yangon Electricity Supply Corporation (YESC)
2.2.8 New Zealand
2.2.8.2 Alpine Energy
2.2.8.3 Northpower
2.2.8.4 Wellington Electricity
2.2.8.5 Orion New Zealand
2.2.9 Philippines
2.2.9.1 MERALCO
2.2.9.2 National Grid Corporation of the Philippines
2.2.10 Singapore
2.2.10.1 SP Group
2.2.11 Thailand
2.2.11.1 EGAT
2.2.12 Vietnam
2.2.12.1 Vietnam Electricity Corporation (Vietnam Power Group)
2.2.12.2 Vietnam Electricity Corporation (Vietnam Power Group)
2.2.12.3 EVNGENCO 3
2.3 List of Key projects, by country
2.3.1 Australia
2.3.2 Cambodia
2.3.3 Indonesia
2.3.4 Laos
2.3.5 Malaysia
2.3.6 Myanmar
2.3.7 New Zealand
2.3.8 Philippines
2.3.9 Singapore
2.3.10 Thailand
2.3.11 Vietnam
2.4 Competitive matrix, by country
2.4.1 Australia
2.4.2 Brunei
2.4.3 Cambodia
2.4.4 Indonesia
2.4.5 Malaysia
2.4.6 Myanmar
2.4.7 New Zealand
2.4.8 Singapore
2.4.9 Philippines
2.4.10 Thailand
2.4.11 Vietnam
2.4.12 Sales strategy, by key industry players
2.5 Regulatory Landscape
2.5.1 International standards
2.5.1.1 IEC 61462:2023
2.5.1.2 IEC 62231
2.5.1.3 IEC/TS 60815-1
2.5.1.4 IEC 61952
2.5.1.5 IEC 61952-1:2019
2.5.1.6 IEC 62217: 2021
2.5.1.7 IEC 61466-1:2016
2.5.1.8 IEC/TS 60815-1
2.5.1.9 IEC 62730
2.5.2 China
2.5.2.1 Electric Power Law of the People's Republic of China
2.5.2.1.1 Article 1
2.5.2.1.2 Article 6
2.5.2.1.3 Article 9
2.5.2.1.4 Article 10
2.5.2.1.5 DL/T 810-2002 (DLT810-2002)
2.5.2.1.6 GB/T 20142-2006
2.5.2.1.7 GB/T 19519-2014
2.5.3 India
2.5.3.1 The Electricity Act, 2003
2.5.3.2 Technical Specification: 11 KV/22 KV/33 KV Composite Insulators
2.5.4 Australia
2.5.4.1 AS 4435.1—1996
2.6 Industry impact forces
2.6.1 Growth drivers
2.6.1.1 Increasing investments toward power generation
2.6.1.2 Increasing demand for electricity
2.6.1.3 Ongoing expansion of existing grid networks along with growing renewable integration
2.6.2 Industry pitfalls & challenges
2.6.2.1 Fluctuating raw material cost
2.7 Growth potential analysis
2.8 Porter's Analysis
2.8.1 Bargaining power of suppliers
2.8.2 Bargaining power of buyers
2.8.3 Threat of new entrants
2.8.4 Threat of substitutes
2.9 PESTEL Analysis
Chapter 3 Competitive Landscape, 2024
3.1 Introduction
3.2 Strategic dashboard
3.2.1 PFISTERER Holding SE
3.2.1.1 Expansion
3.2.2 Hitachi Energy Ltd.
3.2.2.1 Contract
3.2.3 KUVAG GmbH
3.2.3.1 Product showcase
3.2.4 Deccan Enterprises Private Limited
3.2.4.1 Partnership
3.2.5 Aditya Birla Insulator
3.2.5.1 Facility expansion
3.2.6 Other Strategies
3.3 Innovation & sustainability landscape
Chapter 4 Market, By Voltage
4.1 Key trends
4.2 Low
4.3 Medium
4.4 High
Chapter 5 Market, By Application
5.1 Key trends
5.2 Cables & transmission lines
5.3 Switchgear
5.4 Transformers
5.5 Bus bars
Chapter 6 Market, By Product
6.1 Key trends
6.2 Pin insulators
6.3 Suspension Insulators
6.4 Shackle Insulators
Chapter 7 Market, By End Use
7.1 Key trends
7.2 Residential
7.3 Commercial & Industrial
7.4 Utilities
Chapter 8 Market, By Rating
8.1 Key trends
8.2 11 kV to ≤ 22 kV
8.4 > 22 kV to ≤ 33 kV
8.5 > 33 kV to ≤ 72.5 kV
8.6 > 72.5 kV to ≤ 145 kV
8.7 > 145 kV to ≤ 220 kV
8.8 > 220 kV to ≤ 400 kV
8.9 > 400 kV to ≤ 800 kV
8.10 > 800 kV to ≤ 1,200 kV
8.11 > 1,200 kV
Chapter 9 Market, By Installation
9.1 Key trends
9.2 Transmission
9.3 Distribution
9.4 Substation
9.5 Railways
Chapter 10 Market, By Country
10.1 Key trends
10.1.1 Australia
10.1.2 Brunei
10.1.3 Cambodia
10.1.4 Indonesia
10.1.5 Laos
10.1.6 Malaysia
10.1.7 Myanmar
10.1.8 New Zealand
10.1.9 Philippines
10.1.10 Singapore
10.1.11 Thailand
10.1.12 Vietnam
Chapter 11 Company Profiles
11.1 Aditya Birla Insulators
11.1.1 Global overview
11.1.2 Market/Business overview
11.1.3 Sales strategy
11.1.4 Financial data
11.1.5 Product landscape
11.1.6 SWOT analysis
11.2 CYG Insulator Co.,Ltd.
11.2.1 Global overview
11.2.2 Market/Business overview
11.2.3 Sales strategy
11.2.4 Financial data
11.2.5 Product landscape
11.2.6 SWOT analysis
11.3 Dalian Hivolt Power System Co.,Ltd.
11.3.1 Global overview
11.3.2 Market/Business overview
11.3.3 Sales strategy
11.3.4 Financial data
11.3.5 Product landscape
11.3.6 SWOT analysis
11.4 Deccan Enterprises Private Limited
11.4.1 Global overview
11.4.2 Market/Business overview
11.4.3 Sales strategy
11.4.4 Financial data
11.4.5 Product landscape
11.4.6 SWOT analysis
11.5 Hitachi Energy Ltd.
11.5.1 Global overview
11.5.2 Market/Business overview
11.5.3 Sales strategy
11.5.4 Financial data
11.5.5 Product landscape
11.5.6 SWOT analysis
11.6 Jiangxi Johnson Electric Co., Ltd.
11.6.1 Global overview
11.6.2 Market/Business overview
11.6.3 Sales strategy
11.6.4 Financial data
11.6.5 Product landscape
11.6.6 SWOT analysis
11.7 KUVAG GmbH & Co KG
11.7.1 Global overview
11.7.2 Market/Business overview
11.7.3 Sales strategy
11.7.4 Financial data
11.7.5 Product landscape
11.7.6 SWOT analysis
11.8 Nanjing Electric International Co., Ltd
11.8.1 Global overview
11.8.2 Market/Business overview
11.8.3 Sales strategy
11.8.4 Financial data
11.8.5 Product landscape
11.8.6 SWOT analysis
11.9 Navitas Insulators Pvt Ltd.
11.9.1 Global overview
11.9.2 Market/Business overview
11.9.3 Sales strategy
11.9.4 Financial data
11.9.5 Product landscape
11.9.6 SWOT analysis
11.10 Olectra Greentech Limited
11.10.1 Global overview
11.10.2 Market/Business overview
11.10.3 Sales strategy
11.10.4 Financial data
11.10.5 Product landscape
11.10.6 SWOT analysis
11.11 PFISTERER Holding SE
11.11.1 Global overview
11.11.2 Market/Business overview
11.11.3 Sales strategy
11.11.4 Financial data
11.11.5 Product landscape
11.11.6 Strategic outlook
11.11.7 SWOT analysis
11.12 Rayphen
11.12.1 Global overview
11.12.2 Market/Business overview
11.12.3 Sales strategy
11.12.4 Financial data
11.12.5 Product landscape
11.12.6 SWOT analysis
11.13 SAA Grid Technology Co., Ltd.
11.13.1 Global overview
11.13.2 Market/Business overview
11.13.3 Sales strategy
11.13.4 Financial data
11.13.5 Product landscape
11.13.6 SWOT analysis
11.14 Siemens Energy
11.14.1 Global overview
11.14.2 Market/Business overview
11.14.3 Sales strategy
11.14.4 Financial data
11.14.5 Product landscape
11.14.6 SWOT analysis
11.15 Suzhou Insulators Technic CO., LTD.
11.15.1 Global overview
11.15.2 Market/Business overview
11.15.3 Financial data
11.15.4 Product landscape
11.15.5 SWOT analysis
11.16 Tanho Electrical Equipment Co., Ltd
11.16.1 Global overview
11.16.2 Market/Business overview
11.16.3 Sales strategy
11.16.4 Financial data
11.16.5 Product landscape
11.16.6 SWOT analysis
11.17 Taporel Electrical Insulation Technology Co., Ltd.
11.17.1 Global overview
11.17.2 Market/Business overview
11.17.3 Sales strategy
11.17.4 Financial data
11.17.5 Product landscape
11.17.6 SWOT analysis
11.18 TE Connectivity
11.18.1 Global overview
11.18.2 Market/Business overview
11.18.3 Sales strategy
11.18.4 Financial data
11.18.5 Product landscape
11.18.6 SWOT analysis
11.19 Research Practices

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