© 2018 Global Market Insights, Inc. USA. All Rights Reserved Composite Insulators Market Growth | Trends Analysis Report 2024

Global Market Scenario of Digital Oilfield Industry  The global composite insulators market is expected to gain major traction on account of the fact that the world is becoming increasingly reliant on electric power for everyday activities as well as for reducing carbon emissions.composite insulators market  Therefore, the electric grid is garnering increased government attention as it has proved to be one of the basic blocks supporting the economy. As refurbishment of older power grids is gaining importance and expansion of newer grid systems is becoming a necessity for development of a country, it is expected that the composite insulators market will witness significant expansion over  It is important to note the fact that the 21st-century economy cannot be expected to thrive on 20th-century infrastructure. © 2018 Global Market Insights, Inc. USA. All Rights Reserved

 With the rising concerns for global warming and increasing pollution being caused by the use of fossil fuels, coal-powered plants are becoming less economically viable and utility companies across the world are revamping their transmission networks to include the benefits of cheaper fuel sources such as solar, wind and natural gas.  Shifting energy landscape as well as technological advancements like rooftop solar panels have created economic opportunities that not only improve energy efficiency but also change the way power is sourced and used. Therefore, grid modernization is taking a front seat in political and economic agenda of most regions that already have an established grid network in place, in turn adding impetus to the composite insulators market. Continue:- © 2018 Global Market Insights, Inc. USA. All Rights Reserved

 Recently, Hitachi, one of the largest technology companies in the world, announced that it will be offering deviant innovative energy solutions by combining ABB’s world-class power grids products, software, systems and service solutions with its own advanced digital technology.  Apparently, Hitachi has acquired 80.1% stake in ABB’s power grids business, a move that indicates the future of power grids which are increasingly leaning towards the inclusion of smart solutions to support a technological revolution that is about to be witnessed in the coming decades. With the evolution of power grids, the composite insulators market is anticipated to expand exponentially over ° Industry Analysis © 2018 Global Market Insights, Inc. USA. All Rights Reserved

Industry Background

Competitive Analysis:  ABB  General Electric  Siemens AG  Lapp Insulators  Seves Group  Bharat Heavy Electricals Limited (BHEL)  Gipro  Olectra Greentech Limited  Nanjing Electric  TE Connectivity  Zhengzhou Orient Power Co. Ltd  INAEL Electrical Systems  Spark Insulators  Saravana Global Energy Limited  Incap Limited Browse Complete Summary of this analysis/composite-insulators-markethttps:// analysis/composite-insulators-market © 2018 Global Market Insights, Inc. USA. All Rights Reserved

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