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

  • Report ID: ME_00130352
  • Format: Electronic (PDF)
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  • Number of Pages: 250
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Market Snapshot

CAGR:9.19
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.19
Energy & Power-companies
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Report Overview

HV Bushing Market Analysis By Type (Oil-Impregnated Paper, Resin-Impregnated Paper, SF6 Gas), By Voltage (Less than 245 kV, 245-550 kV, More than 550 kV), and By Region Forecast to 2032:

The HV Bushing 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, the growth of the renewable energy sector, and the modernization of electrical infrastructure. High Voltage (HV) bushings are essential components in electrical equipment for the efficient and safe transmission of electrical energy.

HV Bushing Market Overview:

Drivers:

One of the primary drivers fueling the growth of the HV Bushing Market is the rising global demand for electricity. As populations grow, industrialization expands, and the use of electric vehicles (EVs) increases, there is a substantial need for reliable and efficient electrical transmission and distribution systems. HV bushings play a crucial role in this by enabling the connection between high voltage equipment and power lines.

Furthermore, the rapid growth of renewable energy sources such as wind and solar power is driving the need for HV bushings. These sources often require the integration of power generated in remote locations into the grid, necessitating the use of bushings to transmit electricity over long distances.

Trends:

An emerging trend shaping the HV Bushing Market is the adoption of environmentally friendly and sustainable materials. Manufacturers are exploring alternatives to traditional oil-impregnated paper bushings, such as resin-impregnated paper and SF6 gas-insulated bushings. These materials offer improved environmental performance and safety characteristics.

Additionally, the increasing demand for high voltage bushings in electric vehicles and charging infrastructure is positively impacting market growth. EVs rely on HV bushings to connect batteries and power electronics to the grid, making them a critical component in the transition to electric mobility.

Restraints:

One of the key challenges hindering the growth of the HV Bushing Market is the complexity of HV bushing design and manufacturing. HV bushings must meet stringent performance and safety standards, and the development of new materials and technologies can be time-consuming and costly. Ensuring the reliability and longevity of bushings in demanding electrical environments is essential.

Furthermore, concerns related to the environmental impact of certain HV bushing technologies, such as those using SF6 gas, pose potential restraints. There is a growing emphasis on reducing greenhouse gas emissions and finding more sustainable alternatives, which may lead to regulatory changes affecting the market.

HV Bushing Market Segmentation By Type:

  • Oil-Impregnated Paper: Oil-impregnated paper bushings are traditional and widely used in high voltage applications. They rely on mineral oil for insulation and cooling.
  • Resin-Impregnated Paper: Resin-impregnated paper bushings are an environmentally friendly alternative, using epoxy resin for insulation and offering improved safety and performance.
  • SF6 Gas: SF6 gas-insulated bushings provide compact and efficient solutions for high voltage applications, although environmental concerns are associated with SF6 gas.

HV Bushing Market Segmentation By Voltage:

  • Less than 245 kV: Bushings for voltage levels less than 245 kV are commonly used in medium voltage electrical systems.
  • 245-550 kV: Bushings in the 245-550 kV range are utilized in high voltage applications, including transmission and distribution networks.
  • More than 550 kV: Bushings rated for more than 550 kV are crucial in Extra High Voltage (EHV) and Ultra High Voltage (UHV) applications, such as long-distance power transmission.

Regional Overview:


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North America is expected to be a key contributor to the global HV Bushing Market, driven by infrastructure upgrades and the expansion of renewable energy projects. The region's focus on modernizing its electrical grid and increasing renewable energy capacity fuels the demand for HV bushings.

Europe is another significant market for HV bushings, with a strong emphasis on environmental sustainability. European countries are increasingly adopting resin-impregnated paper and SF6-free bushings to align with stringent environmental regulations.

HV Bushing Market Customer Landscape:

The HV Bushing Market report encompasses a diverse customer base, including utilities, electrical equipment manufacturers, and the automotive industry. It delves into customer requirements and preferences related to HV bushing specifications and environmental considerations.

Major HV Bushing Companies:

Companies in the HV Bushing Market are continuously innovating to meet evolving industry standards and environmental requirements.

Example companies include:

  1. ABB Group: ABB is a global leader in power and automation technologies, offering a wide range of HV bushings for various applications.
  2. Siemens AG: Siemens provides HV bushings for high voltage equipment and systems, focusing on efficiency and reliability.
  3. General Electric Company: GE offers HV bushings designed for critical electrical infrastructure applications, including renewable energy projects.

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

  • Toshiba Corporation
  • Mitsubishi Electric Corporation
  • Hitachi ABB Power Grids
  • Meister International LLC
  • Trench Group
  • Condumex, Inc.
  • Webster-Wilkinson Ltd.
  • General Cable Corporation
  • Elsewedy Electric
  • Nissin Electric Co., Ltd.

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 focus, dominance, and strength.

Segment Overview:

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

  • Type Outlook (USD Million, 2019 - 2032):
    • Oil-Impregnated Paper
    • Resin-Impregnated Paper
    • SF6 Gas
  • Voltage Outlook (USD Million, 2019 - 2032):
    • Less than 245 kV
    • 245-550 kV
    • More than 550 kV
  • 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 HV BUSHING 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. HV BUSHING MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. HV Bushing 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. HV BUSHING MARKET BY Type INSIGHTS & TRENDS

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

5.2. Condenser Type

    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. Non-Condenser Type

    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. HV BUSHING MARKET BY Installation INSIGHTS & TRENDS

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

6.2. Indoor

    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. Outdoor

    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. HV BUSHING MARKET REGIONAL OUTLOOK

7.1. HV Bushing Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

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

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

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

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

7.2.5. U.S.

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

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

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

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

7.2.6. CANADA

    7.2.6.1. Canada HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.3. EUROPE

    7.3.1. Europe HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.3.5. GERMANY

    7.3.5.1. Germany HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.3.6. FRANCE

    7.3.6.1. France HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.3.7. U.K.

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

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

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

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

7.4. ASIA-PACIFIC

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

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

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

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

 7.4.5. CHINA

     7.4.5.1. China HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.4.6. INDIA

     7.4.6.1. India HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.4.7. JAPAN

     7.4.7.1. Japan HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.4.8. AUSTRALIA

    7.4.8.1. Australia HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea HV Bushing Market Estimates And Forecast, 2016 – 2027, (USD Million)

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

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

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

7.6. LATIN AMERICA

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

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

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

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

    7.6.5. Latin America HV Bushing 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. General Electric (US)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Siemens (Germany)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. ELANTAS GmbH (Germany)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Crompton Greaves (India)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. Webster-Wilkinson Ltd. (UK)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Warco, Inc. (US)

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. ABB Ltd. (Switzerland)

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Hubbell Incorporated (US)

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. Meister International, LLC (US)

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. The H-J Family Of Companies (US)

    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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