Saudi Arabia Power Cables Market 2019, Analysis by Industry Trends, Size, Share, Company Overview, Growth, Development and Forecast by 2026

Posted November 11, 2019 by nikitamanwar

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts.
Polymer electrical insulator is an electrical device made up of polymer materials and metal fittings, which is essential in power transmission through sub-stations and distribution & transmission lines. In the beginning, ceramic and glass material-based insulators used in electrical components for electricity transmission. With the advent of recent developed polymeric electrical insulators, the utility sector is booming with the high demand of these insulators. Polymer electrical insulator consists of fiberglass core rod covered by weather sheds of a polymer such as silicone rubber, polytetrafluoroethylene, ethylene propylene diene monomer, and equipped with metal end fittings. These insulators are made in various shapes like polymer disc insulators, composite disc insulators, suspension insulators, long rod insulators, etc. Polymer electrical insulator is also called composite insulators, which have numerous benefits along with popularity worldwide over the traditional ceramic and glass insulators.

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Major factors such as expansion of transmission and distribution network, increasing electrification rate and shifting momentum towards replacement of conventional grids with advanced electrical equipment. Lightweight, easy installation and strong mechanical strength are some of the key features that will positively complement the Polymer electrical insulator market. In addition, Also, government and private investments in residential and commercial building construction, coupled with the expansion of smart-grid networks, lead to the increasing demand for Polymer electrical insulators during the forecast period. The rapid expansion of overhead networks and massive investments by the utilities toward long-distance electricity transmission across the country will aid the growth of the market. However, the price and lack of awareness may hamper market growth.

Growth in smart-grid networks, supportive government initiatives and rising construction activity in Saudi Arabia is foreseen to create an opportunity for the Polymer electrical insulator market. Developing consumer inclinations towards superior Polymer electrical insulators as a substitute for traditional insulations will inculcate the market growth during the forecast period. Saudi Arabia Polymer electrical insulator Industry is continuously growing with a significant growth rate during the forecast period. Currently, rising energy demand and electrification reforms combined with implementation of cost-effective distribution systems will energize market growth. The legislature of Saudi Arabia is making yearly ventures of USD 4 billion in distribution and USD 5 billion in the generation to fortify its current and growing power capability.

Various notable players operating in the market, include ABB, General Electric, Siemens AG, Arnon Plastic Industries, Lapp Insulators, Seves Group, Dalian Composite Insulator Co.,Limited (DCI), Zhongyi, DuPont, Zhengzhou Orient Power Co among others.

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Key questions answered in this research report:
1- At what pace is Saudi Arabia Polymer Electrical Insulator market growing? What will be the Saudi Arabia Polymer Electrical Insulator market forecast?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Saudi Arabia Polymer Electrical Insulator and market size?
4- Saudi Arabia Polymer Electrical Insulator market outlook, application areas and how they are poised to grow?
5- Saudi Arabia Polymer Electrical Insulator market overview, industry analysis and scope of study?

Market Segmentation
By Product Type
• Suspension
• Shackle
• Other

By Installation
• Distribution
• Transmission
• Substation
• Railways
• Others

By Voltage
• High Voltage
• Medium Voltage
• Low Voltage

By Application
• Cables and transmission lines
• Switchgears
• Transformers
• Busbars
• Others

Leading market players
• General Electric
• Siemens AG
• Arnon Plastic Industries
• Lapp Insulators
• Seves Group
• Dalian Composite Insulator Co.,Limited (DCI)
• Zhongyi
• DuPont
• Zhengzhou Orient Power Co.

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Last Updated November 11, 2019