The report defines, describes, and forecasts the global electrical bushings market by type, insulation, voltage, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
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The electrical bushings market is projected to reach USD 2.96 billion by 2023, from an estimated USD 2.45 billion in 2018, at a CAGR of 3.86%, from 2018 to 2023. This growth can be attributed to the rising demand for electrical equipment from end-users such as railways and the renewable sector and increasing expenditure on electrical networks.
Untimely bushing failures can hinder the growth of the market.
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The Key Target Audience of this Report Includes:
- Component manufacturers and suppliers
- Consulting companies in the power sector
- Electric utilities
- Electrical bushings manufacturers and suppliers
- Government and power research organizations
- Manufacturing industries
Medium voltage segment of electrical bushings market, by voltage, accounted for largest market size in 2017. Growing demand for power distribution & increasing investments in infrastructure sector in Asia Pacific and North America are key factors driving medium voltage segment.
Extra-high voltage segment is expected to grow at fastest rate during forecast period due to rising investments in extra-high and ultra-high voltage projects.
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Electrical bushings market has been segmented into transformer, switchgear, and others. Others segment includes circuit breakers, generators, reactors, & wall applications.
Transformer segment held largest market share in 2017 & is expected to be fastest-growing market from 2018 to 2023. Increasing investments in T&D networks & rising installation of electrical equipment such as transformers, switchgears, and circuit breakers are major factors driving transformer segment during forecast period.
The research methodology is explained below.
- Study of the annual revenues and market developments of the major players providing electrical bushings
- Analyses of the demand for electrical bushings, by application
- Assessment of future trends and growth of end-users in the electrical bushings market
- Study of market trends in various regions and countries based on end-users
- Study of contracts and developments related to the electrical bushings market by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies supplying electrical bushings across the globe
In this report, the electrical bushings market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. Asia Pacific held the largest market share in 2017 and is expected to be the fastest-growing market from 2018 to 2023.
Factors such as 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 electrical bushings market in Asia Pacific.
Connect for More Details for More Information “Electrical Bushings Market by Type (Oil Impregnated Paper, Resin Impregnated Paper), Insulation (Porcelain, Polymeric, Glass), Voltage (MV, HV, EHV), Application (Transformer, Switchgear), End-User (Utilities, Industries), & Region-Global Forecast to 2023” report @ www.rnrmarketresearch.com/contacts…unt?rname=1449562 .
Electrical bushing market failure can result in the loss of costly assets/equipment with long replacement time and can cause issues related to the safety of personnel. Thus, untimely bushing failure can act as a restraint for the electrical bushings market.
Factors such as aging power systems, failure of condenser cores due to unsealed designs, moisture ingress, lightning strike, broken connection between ground sleeve and flange, electrical flashover, short-circuited capacitance-graded layer, corrosive sulfur, and a broken tap connection are main causes of electrical bushing failure.
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