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The Asia Pacific composite insulator market is anticipated to surpass USD 2 billion by 2032 and will gain momentum owing to their superior performance, light weight and ease of installation. These units play a crucial role in ensuring the clean, reliable, and cost-effective power across T&D systems on account of their better mechanical strength, resistance to vandalism, and improved performance in contaminated environments.
Cables and transmission lines industry is set to grow at a CAGR of over 4.8% through 2032 and will gain significant momentum owing to their critical role in guaranteeing reliable operations, addressing the escalating electricity demand, and upholding power grid integrity. thereby enhancing the overall performance. Furthermore, increasing investment for power infrastructure development and growing emphasis on integrating advanced electrical networks to meet the rising energy demand will shape the industry dynamics.
China electric insulators market is revenue to cross USD 1.4 billion by 2032, driven by an increasing investment in power infrastructure, growing demand for electricity and shifting focus on renewable energy. Furthermore, accelerating initiatives by the utilities in expanding and modernizing power T&D infrastructure along with integrating clean energy generation requiring advanced electric insulators will further proliferate the industry outlook.