tree – Mechanism to display and navigate the complex hierarchy

I'm trying to find the best way to display hierarchy information and allow the user to explore structural information. For now, there are the following levels, but there could be more potentially:

Field> Installation> Substructure Group> Substructure> Component

The first option that came to mind is a tree view, but I'm not sure this is the best way to do this because many levels of hierarchy can lead to slow and difficult to interact.

Another idea that I consider is a number of panels from left to right representing the hierarchy (similar to what the Finder does in OSX), but it would work well for a maximum of levels, so I always feel that there must be a better way to do it.

Do you have any suggestions?

Thank you so much!