Electrical Bushings - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Electrical Bushings Market is accounted for $2.66 billion in 2019 and is expected to reach $4.20 billion by 2027 growing at a CAGR of 5.9% during the forecast period. Some of the key factors propelling the market growth include increasing power demand, growing electrical network expenditure, investments in the renewable sector, increasing demand for electrical bushing across various end-use application sectors, and expansion of transmission lines. However, untimely bushing failure is likely to hamper the market.
An electrical bushing is described as an insulating structure including a through a conductor, with a provision to pass safely through a grounded conducting barriers like a transformer or circuit breaker. It is for the purpose of insulating the conductor from the barrier and conducting current from one side of the barrier to the other. In basic terms, it can be defined as, a device to transmit electrical power in or out of enclosures, i.e. barriers. It is mainly made of porcelain, Paper, and resin insulation and is used to reduce the stress in the electric field.
By end user, utilities segment is anticipated to grow at the significant arte during the forecast period, due to increasing investments in power infrastructure. Bushings are the most important component of transformers and switchgears as they control the electric field and reduce electrical stresses. Many utilities are upgrading or adding T&D capacity, thereby, boosting the demand for electrical bushings.
On the basis of geography, Asia Pacific is projected to have considerable market growth during the forecast period, owing to increased power consumption, rising investments in the railway sector, a growing focus on renewable power generation, and modernization and expansion of T&D networks are driving the market in Asia Pacific. Moreover, increasing grid investments especially in developing economies such as China and India and plans for electrification in countries such as Vietnam, Indonesia, and the Philippines are expected to drive the electrical bushings market in Asia Pacific.
Some of the key players in Electrical Bushings Market include Siemens AG, Eaton Corporation plc, Bharat Heavy Electricals Limited, Toshiba Corporation, Elliott Industries, Inc., GAMMA Insulator Company, Webster-Wilkinson Ltd., General Electric Company, Emerson Electric Co., Nexans S.A., CG Power and Industrial Solutions Limited, ABB Ltd., Hubbell, Inc., GIPRO GmbH, Rhm International, and Polycast International.
• Resin Impregnated Paper (RIP)
• Oil Impregnated Paper (OIP)
• Combined Insulation Bushing
• Liquid-insulated Bushing
• Gas-impregnated Bushing
• Other Types
• Extra High Voltage (> 220 kV)
• High Voltage (72.5 kV to 220 kV)
• Medium Voltage (1 kV to 72.5 kV)
• Low Voltage Bushings
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• Direct Channel
• Wall Applications
End Users Covered:
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
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