Porcelain Electrical Bushing Market
Porcelain Electrical Bushing Market Forecasts to 2030 - Global Analysis By Bushing Type (Oil Impregnated Paper (OIP), Resin Impregnated Paper (RIP) and Other Bushing Types), Material Type (Porcelain, Ceramic, Composite and Rubber), Voltage, Application, End User and by Geography
According to Stratistics MRC, the Global Porcelain Electrical Bushing Market is accounted for $1.58 billion in 2024 and is expected to reach $2.59 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Porcelain electrical bushings are essential components in high-voltage power systems, providing safe insulation for electrical conductors that pass through grounded structures like transformers, circuit breakers, and substations. These high-strength porcelain bushings provide superior mechanical and electrical insulation, minimizing leakage currents and preventing electrical faults while guaranteeing effective electrical transmission. Moreover, the material is perfect for use in harsh outdoor environments and high-voltage applications because of its resistance to extreme temperatures, weathering, and electrical stress.
According to a study by the Institute of Electrical and Electronics Engineers (IEEE), porcelain bushings are preferred for applications in power transformers and substations operating at voltages above 72 kV, due to their superior long-term performance and weather resistance compared to other insulating materials.
Market Dynamics:
Driver:
Growing interest in renewable energy
Governments are investing heavily in order to reduce carbon emissions, and this is changing the electrical landscape globally as people turn to renewable energy sources like solar and wind. In order to ensure stability and dependability in transformers and switchgear and to integrate these renewable sources into current grids, porcelain bushings are a necessity. Additionally, the need for premium electrical components like porcelain bushings is anticipated to increase dramatically over the next ten years, as investments in renewable energy are predicted to reach trillions of dollars.
Restraint:
Threat from substitute materials
The rising competition from substitute materials like silicone rubber and composite bushings is one of the main factors limiting the market for porcelain electrical bushings. These substitutes frequently offer similar functionality at a lighter weight, which can result in lower installation expenses. Because these modern materials are more flexible, lighter, and may cost less overall, procurement managers and electrical engineers may be more likely to select them. Furthermore, the market share of conventional porcelain bushings is at risk due to this change, since producers will need to put more effort into showcasing the special advantages of porcelain, like its increased durability and long-term dependability.
Opportunity:
Initiatives for infrastructure modernization
A large number of nations are making significant investments in updating their electrical infrastructure in order to increase efficiency and meet rising electricity demand. Porcelain electrical bushings are in high demand because, for instance, North America's aging infrastructure requires significant upgrades and replacements. Important projects to update transmission lines and substations have already been started by the US government; these projects will need porcelain bushings and other dependable parts. Moreover, the demand for high-quality electrical components is predicted to increase due to investments in grid modernization in Europe and Asia-Pacific, where similar trends are seen.
Threat:
Variable costs of raw materials
The cost of raw materials like porcelain, resin, and metal components has a significant impact on the manufacturing of porcelain electrical bushings. Producers find it challenging to maintain competitive pricing due to the unpredictable nature of manufacturing costs resulting from fluctuating raw material prices. This uncertainty can hinder the ability of established businesses to invest in R&D for creative bushing solutions, as well as discourage new players from entering the market. Additionally, manufacturer’s long-term contracts and pricing strategies may be impacted by their reliance on volatile raw materials.
Covid-19 Impact:
The COVID-19 pandemic had a major effect on the porcelain electrical bushing market, causing notable changes in project timelines and patterns of energy consumption. Lockdowns caused the commercial sector's energy demand to decrease during the pandemic, but as more people stayed at home, residential energy consumption increased. The dynamics of demand for electrical bushings in a range of applications were changed by this change. Furthermore, a lot of infrastructure projects—especially those related to power transmission and distribution—were delayed or shelved, which had an immediate impact on bushing replacement and installation.
The Porcelain segment is expected to be the largest during the forecast period
The porcelain segment of the electrical bushing market commands the largest share because of its superior mechanical strength, exceptional electrical insulation qualities, and unrivaled durability. In high-voltage applications and harsh environments where dependability is crucial, porcelain bushings are the preferred choice. For power transmission and distribution systems, especially in substations that link renewable energy sources like wind and solar farms to the grid, their resilience to environmental and thermal stresses is crucial. Moreover, the demand for porcelain bushings is anticipated to increase dramatically, securing their leading position in the market as infrastructure modernization and the shift to renewable energy pick up speed on a global scale.
The Medium Voltage segment is expected to have the highest CAGR during the forecast period
The medium voltage segment of the porcelain electrical bushing market is anticipated to grow at the highest CAGR due to the growing industrial infrastructure and rising need for dependable power distribution systems. In many applications, such as transformers and switchgear, medium voltage bushings—which normally operate between 1 and 36 kV—are crucial because they guarantee effective power distribution to the residential, commercial, and industrial sectors. Additionally, robust medium-voltage solutions are becoming more and more necessary, especially in emerging markets where urbanization and industrial activity are growing.
Region with largest share:
The porcelain electrical bushing market is dominated by the Asia Pacific region. Rapid urbanization and industrialization are the main causes of this dominance, especially in nations like China, which is heavily investing in infrastructure for electricity production and distribution. Reliable electrical components like porcelain bushings are increasingly needed as a result of the region's increasing demand for electricity and major government initiatives to incorporate renewable energy sources into the grid. Furthermore, the modernization of outdated electrical infrastructure and the implementation of smart grid technologies support the strong growth prospects for porcelain bushings in this dynamic market.
Region with highest CAGR:
The porcelain electrical bushing market is expected to grow at the highest CAGR in the North America region, where modern infrastructure and the integration of renewable energy sources are key drivers. owing to significant investments in power generation and transmission projects, as well as an advanced industrial base, the United States leads this market segment. Reliable electrical components like porcelain bushings, which are essential for connecting renewable energy installations to the grid, are in more demand due to the ongoing shift towards cleaner energy sources like wind and solar power.
Key players in the market
Some of the key players in Porcelain Electrical Bushing market include Eaton Corporation, General Electric (GE), Insulator Technologies, Mitsubishi Electric, Schneider Electric, ABB Ltd, Elliot Industries, TE Connectivity, Hitachi Energy, Siemens AG, CeramTec, Nynas AB, Megger Group, Toshiba and Pfisterer.
Key Developments:
In October 2024, Schneider Electric announces that it has signed an agreement to acquire a majority stake in Motivair, a US specialist in liquid cooling and advanced thermal management solutions for high-performance computing systems.
In August 2024, Mitsubishi Electric Corporation announced that it has signed an agreement with Siemens Energy Global GmbH & Co. KG headquartered in Munich, Federal Republic of Germany, to co-develop Direct Current (DC) Switching Stations and DC Circuit Breaker requirement specifications. The agreement aims to realize Multi-terminal High Voltage DC (HVDC) systems to enable efficient operation of large-scale renewable energy resources.
In September 2023, Intelligent power management company Eaton announced an exclusive global alliance with Michigan-based technology developer Traxen to sell, distribute, service, and provide installation support for their cutting-edge iQ-Cruise® system. This collaboration aims to support the commercial transportation industry by improving fuel efficiency and environmental sustainability while helping fleet profitability.
Bushing Types Covered:
• Oil Impregnated Paper (OIP)
• Resin Impregnated Paper (RIP)
• Other Bushing Types
Material Types Covered:
• Porcelain
• Ceramic
• Composite
• Rubber
Voltages Covered:
• Low Voltage
• Medium Voltage
• High Voltage
• Extra High Voltage
Applications Covered:
• Transformer
• Switchgear
• Capacitor Banks
End Users Covered:
• Industries
• Utility
• Telecommunications
• Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Porcelain Electrical Bushing Market, By Bushing Type
5.1 Introduction
5.2 Oil Impregnated Paper (OIP)
5.2.1 Mineral-Based
5.2.2 Silicon-Based
5.3 Resin Impregnated Paper (RIP)
5.4 Other Bushing Types
6 Global Porcelain Electrical Bushing Market, By Material Type
6.1 Introduction
6.2 Porcelain
6.3 Ceramic
6.4 Composite
6.5 Rubber
7 Global Porcelain Electrical Bushing Market, By Voltage
7.1 Introduction
7.2 Low Voltage
7.3 Medium Voltage
7.4 High Voltage
7.5 Extra High Voltage
8 Global Porcelain Electrical Bushing Market, By Application
8.1 Introduction
8.2 Transformer
8.3 Switchgear
8.4 Capacitor Banks
9 Global Porcelain Electrical Bushing Market, By End User
9.1 Introduction
9.2 Industries
9.3 Utility
9.4 Telecommunications
9.5 Manufacturing
9.6 Other End Users
10 Global Porcelain Electrical Bushing Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Eaton Corporation
12.2 General Electric (GE)
12.3 Insulator Technologies
12.4 Mitsubishi Electric
12.5 Schneider Electric
12.6 ABB Ltd
12.7 Elliot Industries
12.8 TE Connectivity
12.9 Hitachi Energy
12.10 Siemens AG
12.11 CeramTec
12.12 Nynas AB
12.13 Megger Group
12.14 Toshiba
12.15 Pfisterer
List of Tables
1 Global Porcelain Electrical Bushing Market Outlook, By Region (2022-2030) ($MN)
2 Global Porcelain Electrical Bushing Market Outlook, By Bushing Type (2022-2030) ($MN)
3 Global Porcelain Electrical Bushing Market Outlook, By Oil Impregnated Paper (OIP) (2022-2030) ($MN)
4 Global Porcelain Electrical Bushing Market Outlook, By Mineral-Based (2022-2030) ($MN)
5 Global Porcelain Electrical Bushing Market Outlook, By Silicon-Based (2022-2030) ($MN)
6 Global Porcelain Electrical Bushing Market Outlook, By Resin Impregnated Paper (RIP) (2022-2030) ($MN)
7 Global Porcelain Electrical Bushing Market Outlook, By Other Bushing Types (2022-2030) ($MN)
8 Global Porcelain Electrical Bushing Market Outlook, By Material Type (2022-2030) ($MN)
9 Global Porcelain Electrical Bushing Market Outlook, By Porcelain (2022-2030) ($MN)
10 Global Porcelain Electrical Bushing Market Outlook, By Ceramic (2022-2030) ($MN)
11 Global Porcelain Electrical Bushing Market Outlook, By Composite (2022-2030) ($MN)
12 Global Porcelain Electrical Bushing Market Outlook, By Rubber (2022-2030) ($MN)
13 Global Porcelain Electrical Bushing Market Outlook, By Voltage (2022-2030) ($MN)
14 Global Porcelain Electrical Bushing Market Outlook, By Low Voltage (2022-2030) ($MN)
15 Global Porcelain Electrical Bushing Market Outlook, By Medium Voltage (2022-2030) ($MN)
16 Global Porcelain Electrical Bushing Market Outlook, By High Voltage (2022-2030) ($MN)
17 Global Porcelain Electrical Bushing Market Outlook, By Extra High Voltage (2022-2030) ($MN)
18 Global Porcelain Electrical Bushing Market Outlook, By Application (2022-2030) ($MN)
19 Global Porcelain Electrical Bushing Market Outlook, By Transformer (2022-2030) ($MN)
20 Global Porcelain Electrical Bushing Market Outlook, By Switchgear (2022-2030) ($MN)
21 Global Porcelain Electrical Bushing Market Outlook, By Capacitor Banks (2022-2030) ($MN)
22 Global Porcelain Electrical Bushing Market Outlook, By End User (2022-2030) ($MN)
23 Global Porcelain Electrical Bushing Market Outlook, By Industries (2022-2030) ($MN)
24 Global Porcelain Electrical Bushing Market Outlook, By Utility (2022-2030) ($MN)
25 Global Porcelain Electrical Bushing Market Outlook, By Telecommunications (2022-2030) ($MN)
26 Global Porcelain Electrical Bushing Market Outlook, By Manufacturing (2022-2030) ($MN)
27 Global Porcelain Electrical Bushing Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
