The Europe Composite Insulators Market would witness market growth of 4.0% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Composite Insulators Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $292.9 million by 2031. The UK market is exhibiting a CAGR of 3.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 4.8% during (2024 - 2031).
These insulators are manufactured from advanced composite materials such as fiberglass-reinforced plastic (FRP), silicone rubber, and epoxy resins, which exhibit excellent electrical insulation properties. These materials have high dielectric strength, low electrical conductivity, and superior insulation resistance, allowing them to withstand high voltages without electrical breakdown or flashover. These insulators are deployed in substations and switchyards to insulate busbars, circuit breakers, transformers, and other high-voltage equipment. Their exceptional resistance to pollution and tracking and their exceptional electrical insulation properties render them optimal for challenging operational environments.
In addition, these insulators are employed in railway electrification systems to support overhead catenary wires and provide electrical insulation for traction power systems. Their lightweight and corrosion-resistant properties contribute to the efficiency and reliability of electrified railway networks. These insulators provide electrical insulation between the catenary wires and supporting structures, such as masts, gantries, and cantilever arms. By safeguarding against electrical current leakage and brief circuits, they guarantee the dependable and secure provision of power to trains. These insulators are designed to withstand high electrical voltages and resist electrical tracking and flashover, even under harsh operating conditions.
As per Eurostat, in 2022, the value of sold production in the European Union amounted to €6 179 billion, an increase of 19 % compared with €5 209 billion in 2021. Six EU Member States generated 74 % of the EU’s value of sold production. With a value of sold production amounting to 26% of the EU total, Germany exhibited the highest value, followed by Italy with 19%, France with 11%, Spain with 8%, Poland with 6%, and the Netherlands with 4%. Therefore, the rising industrial sector in Europe is expected to boost the demand for these insulators in the region.
Free Valuable Insights: The Global Composite Insulators Market will Hit USD 4.9 Billion by 2031, at a CAGR of 4.2%
Based on Voltage, the market is segmented into Medium, High, and Low. Based on Product, the market is segmented into Pin, Suspension, Shackle, and Others. Based on End Use, the market is segmented into Utilities, Industries, and Others. Based on Application, the market is segmented into Transformers, Cables, Switchgears, Busbars, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Voltage
By Product
By End Use
By Application
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
