The electrical bushing refers to an insulating structure through a conductor or providing a central passage with provision for mounting a barrier, conducting for the purpose of insulating the conductor from the barrier, and conducting current from one side of the barrier to the other. Factors such as growing power demand and the expansion & upgradation of the grid structure are expected to drive the electrical bushings market in the forecast period. Applications like railways and smart grids are expected to create a need for electrical bushings and drive the market further.

Moreover, the growing demand for long-distance transmission networks is in line with rapid infrastructural expansion that requires operational feasibility, quick response, enhanced reliability, and protection of electrical equipment accentuating the market size of electrical bushings. For instance: In February 2020, American Electric Power's Indiana Michigan Power announced a USD 77 million investment to upgrade its electric transmission network substations and build new substations.

According to UnivDatos Market Insights (UMI)’ research report “Global Electrical Bushings Market”, the market is expected to witness robust growth during the forecast period (2022-2028).

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34835

Based on the type, the electrical bushings market is bifurcated into resin-impregnated paper (RIP) and oil-impregnated paper (OIP). The resin-impregnated paper (RIP) captured a substantial share of the global electrical bushings market. It is mainly owing to the rising investment in upgrading the existing utility structure such as transformers, reactors, and deployment of smart grids that are escalating the demand for resin-impregnated paper (RIP). As the superiority of resin-impregnated paper (RIP) bushings over oil-impregnated paper (OIP) bushings, RIP Bushings are used for all voltage ratings from 52 kV to 420 kV (400 kV Class) for their annual requirements of RIP Bushings for new Transformers and Reactors.

Based on the application, the electrical bushings market is segmented into switchgear, transformer, and others. The transformer segment caters considerable market share. It is mainly owing to its capability to minimize fire hazards and enhance operational life. Additionally, the ability to withstand high voltage & mechanical strength coupled with ease of installation and transportation feasibility will propel the product adoption. Additionally, increasing power infrastructure development in countries across the globe will drive the segment's growth during the forecast period. For instance, in July 2021, GE Renewable Energy's Grid Solutions announced that it had received multiple orders to supply 765 kV transformers and reactors in India from Power Grid Corporation of India Limited (PGCIL).

Asia Pacific witnessed extensive growth

For a better understanding of the market adoption of the Electrical Bushings industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the power industry in the region that aims at expanding the power transmission and distribution networks and the inclusion of renewable technologies in its electricity generation mix. Moreover, to strengthen the power supply in urban and rural areas, the Indian transformer bushing market is anticipated to grow at an fueling rate due to support from the government in electric infrastructure. For instance: In December 2021, Transformers and Rectifiers India Limited announced that it had awarded orders of transformers for a total contract value of INR 72 crores to Gujarat Energy Transmission Corporation Limited (GETCO).

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34835

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in ABB Group, TRENCH Group (SIEMENS), General Electric, Eaton, Elliot Industries, Gipro GMBH, RHM International, Toshiba, Webster-Wilkinson, and Nexans.

“Global Electrical Bushings Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing ensuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1.     By Type (Resin-Impregnated Paper (RIP) and Oil-Impregnated Paper (OIP))

2.     By Insulation (Polymeric, Glass, And Porcelain)

3.     By Application (Switchgear, Transformer, And Others)

4.     By Industries (Industries, Utilities, And Others)

5.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.     By Company (ABB Group, TRENCH Group (SIEMENS), General Electric, Eaton, Elliot Industries, Gipro GMBH, RHM International, Toshiba, Webster-Wilkinson, and Nexans)

Key questions answered in the study:

1.     What are the current and future trends of the global Electrical Bushings industry?

2.     How the industry has been evolving in terms of type, insulation, application, and Industries?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global Electrical Bushings industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global outage management system’ suppliers across various region and countries?

Table of Content:-

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE ELECTRICAL BUSHINGS MARKET

6 ELECTRICAL BUSHINGS MARKET REVENUE (USD BN), 2020-2028F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY INSULATION

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY INDUSTRIES

11 MARKET INSIGHTS BY REGION

12 ELECTRICAL BUSHINGS MARKET DYNAMICS

13 ELECTRICAL BUSHINGS MARKET OPPORTUNITIES

14 ELECTRICAL BUSHINGS MARKET TRENDS

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER