Lucintel's latest market report analyzed that composites insulator provides attractive opportunities in the residential, commercial & industrial, and utility industries. The composites insulator market is expected to reach $XX billion by 2028 with a CAGR of 7% to 9%. In this market, high voltage is the largest segment by voltage, whereas utility is largest by end use industry.
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Based on voltage, the composites insulator market is segmented into high voltage, medium voltage, and low voltage. The high voltage segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing demand for high voltage insulators for long-distance electricity transmission among industries.
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The Composites Insulator Market is marked by the presence of several big and small players. Some of the prominent players offering composites insulator include General Electric, Siemens Energy, Bharat Heavy Electricals, ABB, INAEL Electrical, Spark Insulators, Saravana Global Energy.
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