Electrical Bushings Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00123528
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:6.62
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 6.62
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Electrical Bushings Market Analysis By Application (Transformers, Switchgear, Circuit Breakers, Others), By Type (Oil-impregnated Bushings, SF6 Gas Bushings, Resin Insulated Bushings), and By Region Forecast to 2032:

The Electrical Bushings Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for electricity generation and distribution, the replacement of aging electrical infrastructure, and the need for reliable and efficient insulation solutions in the power sector. Electrical bushings play a critical role in ensuring the safe and efficient flow of electricity within various electrical components.

Electrical Bushings Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Electrical Bushings Market is the need for modernization and expansion of the power grid infrastructure. As countries strive to meet growing energy demands, there is a significant requirement for upgrading and enhancing electrical transmission and distribution systems. Electrical bushings are essential components in transformers, switchgear, and circuit breakers, and their reliability is crucial to maintaining uninterrupted power supply.

Furthermore, the replacement of aging electrical infrastructure, especially in developed regions, is driving the demand for new electrical bushings. Aging bushings are more prone to failures, leading to power outages and costly repairs. Replacing old bushings with newer, more efficient models improves the overall reliability of the grid.

Trends:

An emerging trend in the Electrical Bushings Market is the adoption of environmentally friendly and energy-efficient insulation materials. Traditional oil-impregnated bushings are being replaced with alternatives that use environmentally friendly insulating fluids. These solutions not only reduce the environmental impact but also enhance the performance and safety of electrical bushings.

Additionally, advancements in insulation technology have led to the development of bushings with enhanced dielectric properties. These bushings are capable of withstanding higher voltage levels, making them suitable for modern high-voltage applications.

Restraints:

One of the key challenges hindering the growth of the Electrical Bushings Market is the capital-intensive nature of power infrastructure projects. Building or upgrading electrical substations and transmission lines requires substantial investments. As a result, the market growth is dependent on government funding, utility budgets, and regulatory approvals.

Moreover, the complexity of installing and maintaining electrical bushings can be a restraint. Proper installation and maintenance are critical to ensuring their long-term performance, and inexperienced personnel may encounter difficulties in this regard.

Electrical Bushings Market Segmentation By Application:

The transformers segment is expected to witness significant growth during the forecast period. Electrical bushings are an integral part of transformers and are essential for the safe and efficient transmission of electricity between different voltage levels.

The switchgear and circuit breakers segments represent another significant market area. Bushings are used in these components to provide insulation and ensure the reliable operation of electrical systems, especially in medium and high-voltage applications.

Electrical Bushings Market Segmentation By Type:

Oil-impregnated bushings have been widely used in the power industry and are expected to continue holding a significant market share. These bushings use insulating oil to provide both electrical insulation and cooling.

SF6 Gas Bushings are gaining popularity due to their excellent dielectric properties. SF6 gas is known for its high insulation capability, making it suitable for high-voltage applications.

Resin Insulated Bushings represent an environmentally friendly alternative to oil-impregnated bushings. They use epoxy or other resin materials as insulation, reducing the risk of oil leaks and environmental contamination.

Regional Overview:


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North America is poised to be a key contributor to the global Electrical Bushings Market, accounting for approximately 35% of the market's growth during the forecast period. The region's aging power infrastructure and the need for grid modernization drive the demand for new electrical bushings.

Europe is another prominent region in the market, with a focus on energy efficiency and sustainable solutions. European countries are investing in renewable energy sources and upgrading their electrical grids, creating opportunities for advanced electrical bushing technologies.

Electrical Bushings Market Customer Landscape:

The Electrical Bushings Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on grid modernization initiatives and includes key purchase criteria related to reliability, efficiency, and environmental impact.

Major Electrical Bushings Market Companies:

Companies in the electrical bushings market are employing diverse strategies such as research and development, product innovation, and strategic partnerships to strengthen their market presence.

Example companies include:

  1. ABB Group: ABB is a global leader in power and automation technologies. The company offers a wide range of electrical bushings for various applications, focusing on innovation and sustainability.
  2. Siemens AG: Siemens is a prominent player in the electrical engineering and automation industry. The company provides electrical bushings designed for high performance and reliability in power systems.
  3. General Electric Company: GE is a leading provider of electrical equipment and solutions. The company offers electrical bushings that meet the stringent requirements of modern power infrastructure projects.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • Toshiba Corporation
  • Mitsubishi Electric Corporation
  • Hyundai Heavy Industries Co. Ltd.
  • Crompton Greaves Ltd.
  • ZPUE S.A.
  • Hubbell Incorporated
  • TE Connectivity Ltd.
  • G&W Electric Company
  • Meister International, LLC
  • Nissin Electric Co. Ltd.
  • SIBA GmbH
  • ABB Group
  • Siemens AG
  • General Electric Company
  • Arteche Group

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their product offerings, technological advancements, and market presence.

Segment Overview:

The Electrical Bushings Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Transformers
    • Switchgear
    • Circuit Breakers
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • Oil-impregnated Bushings
    • SF6 Gas Bushings
    • Resin Insulated Bushings
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Electrical Bushings MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Electrical Bushings MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Electrical Bushings Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Electrical Bushings MARKET BY Application SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Transformer

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Switchgear

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Electrical Bushings MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Utilities

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Industries

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Electrical Bushings MARKET REGIONAL OUTLOOK

7.1. Electrical Bushings Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Electrical Bushings Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Electrical Bushings Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Electrical Bushings Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Electrical Bushings Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Electrical Bushings Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 ABB (Switzerland)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 GE (US)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Siemens (Germany)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Eaton (Ireland),

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Nexans (France)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiativesn

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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