Electrical Bushing Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 2.51 Billion
CAGR (2026-2031)	4.51%
Fastest Growing Segment	Polymeric
Largest Market	Asia Pacific
Market Size (2031)	USD 3.27 Billion

Market Overview

The Global Electrical Bushing Market will grow from USD 2.51 Billion in 2025 to USD 3.27 Billion by 2031 at a 4.51% CAGR. Electrical bushings are critical insulated devices designed to allow an electrical conductor to pass safely through a grounded barrier, such as a transformer tank or circuit breaker, while maintaining electrical isolation. The global market is primarily propelled by the extensive modernization of aging power grids and the expansion of high-voltage transmission infrastructure required to support growing urbanization. Furthermore, the integration of renewable energy sources necessitates robust grid interconnections, increasing the demand for reliable bushings in substations and switchyards.

Despite these growth factors, the market encounters a significant challenge regarding supply chain volatility and extended lead times for essential raw materials. These logistical bottlenecks often delay project timelines and inflate manufacturing costs, creating friction in the delivery of utility projects. Underscoring the substantial capital flow supporting this sector, according to the Edison Electric Institute, in 2024, United States investor-owned electric companies invested a record $178.2 billion to enhance the energy grid and transmission infrastructure.

Key Market Drivers

The expansion and upgrade of global power transmission and distribution networks function as the primary engine for the electrical bushing market. As utilities strive to meet rising electricity demand and replace obsolete infrastructure, there is a parallel requirement for high-voltage bushings to ensure the safety and efficiency of new transformers and switchgear installations. This infrastructure development is supported by massive financial outlays aimed at modernizing grid resilience. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global investment in electricity grids was projected to reach USD 400 billion in 2024. Such extensive capital allocation directly translates into procurement orders for insulated bushing components necessary for both substation construction and the refurbishment of existing transmission corridors.

Concurrently, the accelerated integration of renewable energy sources into national grids creates specific technical demands for advanced bushing solutions. Connecting geographically dispersed wind and solar farms to main load centers requires the construction of new high-voltage substations, where bushings are essential for managing the electrical stress of intermittent power flows. According to the International Energy Agency, January 2024, in the 'Renewables 2023' report, global renewable capacity additions increased by 50% in 2023 to reach nearly 510 gigawatts, the fastest growth rate in two decades. This rapid deployment necessitates a corresponding increase in grid interconnectivity components. Highlighting the continued momentum in this sector, according to the U.S. Department of Energy, in 2024, the administration announced a $1.5 billion investment specifically to support the development of large-scale interregional transmission projects.

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Key Market Challenges

Supply chain volatility and extended lead times for essential raw materials constitute a primary hurdle for the global electrical bushing market. These logistical bottlenecks disrupt manufacturing schedules, preventing suppliers from meeting the urgent requirements of utility modernization programs. When essential inputs such as copper, aluminum, and high-grade insulation are delayed, production costs rise and delivery timelines stretch, directly impacting the financial viability of transmission projects. This friction makes it difficult for manufacturers to maintain consistent output, leading to significant backlogs that stall revenue recognition.

The severity of these delays is measurable within the broader grid infrastructure sector, which directly dictates the consumption of bushings. According to the National Rural Electric Cooperative Association, in 2024, lead times for distribution transformers and associated high-voltage components reached approximately two years due to persistent supply chain constraints. This prolonged unavailability of critical hardware impedes the completion of substation upgrades and grid expansions. As utilities are forced to defer installation schedules, the immediate demand for bushings is restricted, dampening overall market momentum despite the high underlying requirement for grid modernization.

Key Market Trends

The integration of IoT-enabled smart monitoring and diagnostic sensors is fundamentally reshaping the electrical bushing market by shifting utility maintenance strategies from reactive to predictive. Utilities are increasingly deploying bushings equipped with intelligent sensors that continuously track critical parameters such as capacitance, power factor, and temperature, thereby mitigating the risk of catastrophic failures and extending asset lifecycles. This digitalization of grid hardware is driving substantial capital allocation toward "smarter" infrastructure capable of real-time self-assessment. Underscoring this push for grid intelligence, according to National Grid, May 2024, in the 'National Grid Commits to Investing $35 Billion in New York & Massachusetts to Meet Decarbonization Goals and Build a Stronger, Cleaner Grid' press release, the company announced a broader strategic plan to invest an estimated $75 billion across its UK and US territories over five years to deliver a smarter and cleaner energy network.

The development of specialized bushings for High-Voltage Direct Current (HVDC) systems has emerged as a critical technical trend to support the efficient transmission of renewable energy over long distances. Unlike standard AC components, HVDC bushings must withstand complex electrical stresses, including space charge accumulation and rapid polarity reversals, prompting manufacturers to engineer advanced resin-impregnated and composite designs specifically for converter stations. This technical evolution is directly correlated with the surge in large-scale interconnector projects required for offshore wind and cross-border energy exchange. Highlighting the scale of this demand, according to Hitachi Energy, December 2024, in the 'Hitachi Energy Wins HVDC Contracts Worth Over EUR 2 Billion from Amprion' press release, the company secured orders totaling over 2 billion euros to supply converter stations, which heavily rely on these specialized high-voltage bushing technologies, for key grid corridors in Germany.

Segmental Insights

The Polymeric segment is recognized as the fastest-growing category in the Global Electrical Bushing Market, primarily driven by the critical industry need for enhanced safety and durability. Utilities are increasingly replacing traditional porcelain components with polymeric alternatives to eliminate explosion hazards and improve performance in seismically active or polluted environments. These bushings also offer a lightweight design that lowers transportation and installation expenses. This shift toward resilient infrastructure solutions ensures the rapid adoption of polymeric technology throughout power transmission and distribution networks globally.

Regional Insights

Asia Pacific maintains a dominant position in the global electrical bushing market primarily due to extensive investments in power transmission and distribution infrastructure. Rapid industrialization and urbanization in key economies, particularly China and India, necessitate the expansion of electrical grids to support rising energy consumption. The region is also actively integrating renewable energy sources, which drives the requirement for modernizing existing networks and installing new substations. Consequently, the sustained focus on upgrading aging utility systems and establishing efficient power delivery mechanisms ensures a continuous demand for electrical bushings throughout the region.

Recent Developments

In August 2025, Hitachi Energy announced a substantial investment of $106 million to expand its transformer component manufacturing facility in Alamo, Tennessee. This expansion project is set to transform the site into the largest manufacturing plant for electrical bushings in North America and one of the most significant globally. The initiative aims to address the critical shortage of transformer components by increasing the production capacity for high-voltage bushings, which are essential for the modernization and reliability of the power transmission infrastructure in the region.
In March 2025, Weidmann Electrical Technology AG and Yash Highvoltage Ltd announced a strategic partnership to expand the distribution of transformer components in Europe and North Africa. Under this agreement, the Swiss-based company became the representative for Yash Highvoltage’s portfolio of Oil Impregnated Paper (OIP) bushings up to 245 kV and high current bushings up to 25 kA in select markets including Germany, France, and Spain. This collaboration was designed to combine the manufacturing capabilities of the Indian partner with the extensive market network of Weidmann to address supply chain demands.
In August 2024, GE Vernova and Systems With Intelligence signed a memorandum of understanding to collaborate on the development of advanced substation monitoring solutions. This partnership aims to integrate various diagnostic technologies, including infrared thermography and bushing monitoring, into a cohesive asset management system. The collaboration focuses on combining the expertise of both companies to enhance the reliability and efficiency of the electrical grid by providing utilities with improved tools for detecting potential failures in critical components such as transformer bushings before they occur.
In April 2024, Triton Fund V advised by Triton successfully completed the acquisition of the Trench business from Siemens Energy. This strategic move established Trench as an independent company specializing in the manufacturing of high-voltage grid components, including bushings, instrument transformers, and coil products. The business, which operates nine factories globally and employs approximately 2,400 people, is positioned to leverage Triton's investment expertise to drive growth in the energy transition sector. The acquisition marked a significant shift in the ownership structure of a key player in the global electrical bushing market.

Key Market Players

ABB Ltd.
Siemens AG
General Electric Company
CG Power and Industrial Solutions Limited
Hubbell Incorporated
Eaton Corporation PLC
Mitsubishi Electric Corporation
Nexans S.A.TE Connectivity Ltd.
Bharat Heavy Electricals Limited
GIPRO GmbH

By Product Type	By Insulation	By Voltage	By Application	By End User	By Region
Oil Impregnated Paper (OIP) Resin Impregnated Paper (RIP)	Porcelain Polymeric	Medium Voltage High Voltage	Transformer Switchgear	Utilities Industries	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Electrical Bushing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electrical Bushing Market, By Product Type:

Oil Impregnated Paper (OIP)
Resin Impregnated Paper (RIP)

Electrical Bushing Market, By Insulation:

Porcelain
Polymeric

Electrical Bushing Market, By Voltage:

Medium Voltage
High Voltage

Electrical Bushing Market, By Application:

Transformer
Switchgear

Electrical Bushing Market, By End User:

Utilities
Industries

Electrical Bushing Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electrical Bushing Market.

Available Customizations:

Global Electrical Bushing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Electrical Bushing Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Electrical Bushing Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Oil Impregnated Paper (OIP), Resin Impregnated Paper (RIP))

5.2.2. By Insulation (Porcelain, Polymeric)

5.2.3. By Voltage (Medium Voltage, High Voltage)

5.2.4. By Application (Transformer, Switchgear)

5.2.5. By End User (Utilities, Industries)

5.2.6. By Region

5.2.7. By Company (2025)

5.3. Market Map

6. North America Electrical Bushing Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type

6.2.2. By Insulation

6.2.3. By Voltage

6.2.4. By Application

6.2.5. By End User

6.2.6. By Country

6.3. North America: Country Analysis

6.3.1. United States Electrical Bushing Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By Insulation

6.3.1.2.3. By Voltage

6.3.1.2.4. By Application

6.3.1.2.5. By End User

6.3.2. Canada Electrical Bushing Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Type

6.3.2.2.2. By Insulation

6.3.2.2.3. By Voltage

6.3.2.2.4. By Application

6.3.2.2.5. By End User

6.3.3. Mexico Electrical Bushing Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Type

6.3.3.2.2. By Insulation

6.3.3.2.3. By Voltage

6.3.3.2.4. By Application

6.3.3.2.5. By End User

7. Europe Electrical Bushing Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Insulation

7.2.3. By Voltage

7.2.4. By Application

7.2.5. By End User

7.2.6. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Electrical Bushing Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Insulation

7.3.1.2.3. By Voltage

7.3.1.2.4. By Application

7.3.1.2.5. By End User

7.3.2. France Electrical Bushing Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Insulation

7.3.2.2.3. By Voltage

7.3.2.2.4. By Application

7.3.2.2.5. By End User

7.3.3. United Kingdom Electrical Bushing Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

7.3.3.2.2. By Insulation

7.3.3.2.3. By Voltage

7.3.3.2.4. By Application

7.3.3.2.5. By End User

7.3.4. Italy Electrical Bushing Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Type

7.3.4.2.2. By Insulation

7.3.4.2.3. By Voltage

7.3.4.2.4. By Application

7.3.4.2.5. By End User

7.3.5. Spain Electrical Bushing Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Type

7.3.5.2.2. By Insulation

7.3.5.2.3. By Voltage

7.3.5.2.4. By Application

7.3.5.2.5. By End User

8. Asia Pacific Electrical Bushing Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Insulation

8.2.3. By Voltage

8.2.4. By Application

8.2.5. By End User

8.2.6. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Electrical Bushing Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Insulation

8.3.1.2.3. By Voltage

8.3.1.2.4. By Application

8.3.1.2.5. By End User

8.3.2. India Electrical Bushing Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Insulation

8.3.2.2.3. By Voltage

8.3.2.2.4. By Application

8.3.2.2.5. By End User

8.3.3. Japan Electrical Bushing Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Insulation

8.3.3.2.3. By Voltage

8.3.3.2.4. By Application

8.3.3.2.5. By End User

8.3.4. South Korea Electrical Bushing Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By Insulation

8.3.4.2.3. By Voltage

8.3.4.2.4. By Application

8.3.4.2.5. By End User

8.3.5. Australia Electrical Bushing Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By Insulation

8.3.5.2.3. By Voltage

8.3.5.2.4. By Application

8.3.5.2.5. By End User

9. Middle East & Africa Electrical Bushing Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Insulation

9.2.3. By Voltage

9.2.4. By Application

9.2.5. By End User

9.2.6. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Electrical Bushing Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Insulation

9.3.1.2.3. By Voltage

9.3.1.2.4. By Application

9.3.1.2.5. By End User

9.3.2. UAE Electrical Bushing Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Insulation

9.3.2.2.3. By Voltage

9.3.2.2.4. By Application

9.3.2.2.5. By End User

9.3.3. South Africa Electrical Bushing Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Insulation

9.3.3.2.3. By Voltage

9.3.3.2.4. By Application

9.3.3.2.5. By End User

10. South America Electrical Bushing Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Insulation

10.2.3. By Voltage

10.2.4. By Application

10.2.5. By End User

10.2.6. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Electrical Bushing Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Insulation

10.3.1.2.3. By Voltage

10.3.1.2.4. By Application

10.3.1.2.5. By End User

10.3.2. Colombia Electrical Bushing Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Insulation

10.3.2.2.3. By Voltage

10.3.2.2.4. By Application

10.3.2.2.5. By End User

10.3.3. Argentina Electrical Bushing Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Insulation

10.3.3.2.3. By Voltage

10.3.3.2.4. By Application

10.3.3.2.5. By End User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Electrical Bushing Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. ABB Ltd.

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Siemens AG

15.3. General Electric Company

15.4. CG Power and Industrial Solutions Limited

15.5. Hubbell Incorporated

15.6. Eaton Corporation PLC

15.7. Mitsubishi Electric Corporation

15.8. Nexans S.A.TE Connectivity Ltd.

15.9. Bharat Heavy Electricals Limited

15.10. GIPRO GmbH

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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