Electrical Bushing Market 2018-2028 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 1.09 billion
CAGR (2023-2028)	3.51%
Fastest Growing Segment	Polymeric
Largest Market	Asia-Pacific

Market Overview

The Global Electrical Bushing Market reached a size of USD 1.09 billion in 2022 and is projected to grow to USD 1.95 billion by 2028, with a CAGR of 3.51% through 2028. The demand for electrical bushings in various end-use application sectors, such as transformers, switchgears, and circuit breakers, is a significant factor expected to drive the growth of the global market over the next decade. Additionally, the growing demand for electrical equipment from industries like renewables and railways is another factor that is anticipated to support revenue growth in the global market in the coming years. Moreover, the various advantages offered by these materials, including reduced fire explosion risks, minimized oil leakage risks, absence of oil expansion chambers, and the ability to withstand seismic activity, are additional factors that are expected to propel the adoption of electrical bushings. Consequently, this is estimated to drive the growth of the global market throughout the forecast period. Furthermore, the increasing demand for these bushings from the energy, transport, and telecommunications industries is another factor that is expected to further drive the demand for electrical bushings, thereby contributing to the growth of the global market in the next few years.

Key Market Drivers

Increasing Demand for Electricity

With the continuous growth of the global population, the acceleration of urbanization, and the expansion of industrialization, the demand for electricity is on the rise. Electrical bushings serve as crucial components in various electrical equipment and systems, facilitating the safe and efficient transmission and distribution of electricity. To meet the increasing demand for electricity, countries are expanding their power grids by constructing new transmission and distribution infrastructures. Electrical bushings play a vital role in connecting power transformers, switchgear, and other electrical equipment to the grid. As energy consumption increases due to the widespread use of electrical appliances, technological devices, and industrial machinery, electrical bushings find applications in a wide range of areas such as power transformers and circuit breakers. Their purpose is to ensure efficient electricity transfer and safe operation. Furthermore, with the growing emphasis on renewable energy sources like solar and wind power, electrical bushings play a crucial role in connecting renewable energy generators to the power grid. They enable the efficient transfer of electricity from renewable sources to consumers. In high-voltage power transmission systems, electrical bushings are critical components. They provide reliable insulation and current-carrying capabilities, thereby helping to maintain transmission efficiency and reduce energy losses during long-distance power transmission. Additionally, with the increasing adoption of electric vehicles (EVs) and electrified transportation systems, the installation of EV charging infrastructure is necessary. Electrical bushings are utilized in charging stations to establish safe and efficient power connections.

Renewable Energy Integration

As the world moves towards a more sustainable and low-carbon energy future, the integration of renewable energy sources, such as solar, wind, and hydroelectric power, into the power grid is of utmost importance. Electrical bushings play a critical role in facilitating the efficient and safe connection of renewable energy generation systems to the power grid. They enable the transmission of electricity from these renewable sources to consumers or storage facilities. In High-Voltage Direct Current (HVDC) transmission systems, electrical bushings are utilized to insulate and connect converter stations, transformers, and other components. Specialized electrical bushings are also necessary for offshore wind farms to connect undersea cables from wind turbines to onshore substations, ensuring reliable power transmission. Similarly, solar power plants, including photovoltaic (PV) and concentrated solar power (CSP) facilities, rely on electrical bushings to connect solar panels or solar collectors to inverters and transformers for grid integration.

Global Electrification Initiatives

Electrification initiatives strive to enhance electricity access in underserved areas and optimize the reliability and efficiency of power distribution. As regions and countries prioritize electrification, there arises a growing demand for electrical infrastructure, encompassing transformers, switchgear, and electrical bushings. These initiatives specifically target rural and remote areas grappling with limited electricity access. Electrical bushings, crucial components in power distribution networks, facilitate the connection between transformers, switchgear, and the grid, thereby enabling the delivery of electricity to remote regions. Expanding distribution networks and reaching more consumers form integral parts of electrification initiatives. Such expansion necessitates the installation of electrical substations and associated equipment, including electrical bushings, to establish connectivity within the distribution infrastructure. As part of electrification endeavors, aging and outdated power grids undergo modernization to enhance efficiency and reliability. Modernization efforts frequently entail the replacement or upgrading of electrical equipment, thereby generating demand for new and advanced electrical bushings. In certain cases, electrification initiatives promote the adoption of decentralized energy systems, like renewable energy-based mini-grids, where electrical bushings play a pivotal role in grid integration and power distribution.

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Key Market Challenges

Environmental Concerns

Electrical bushings that utilize mineral oil or oil-impregnated paper as insulation materials have the potential to experience oil leakage or spills, particularly during transportation, installation, or operation. Oil leaks can result in soil and water source contamination, posing environmental risks to ecosystems and human health. In the event of a catastrophic failure or malfunction in electrical bushings, there exists a risk of significant oil spillage, which can have severe environmental consequences, especially in environmentally sensitive areas like natural reserves or in proximity to water bodies. The production and utilization of mineral oil contribute to greenhouse gas emissions, thereby exacerbating climate change. As the world strives to minimize carbon emissions, the environmental impact of oil-based insulation materials warrants examination. Concerns arise regarding the sustainability of material sourcing, such as oil and paper. Unsustainable sourcing practices can lead to deforestation, habitat destruction, and other adverse environmental impacts. Governments and regulatory bodies increasingly prioritize environmental protection and sustainability. Stringent regulations may necessitate manufacturers to adopt greener practices and develop more eco-friendly products. Companies now face greater scrutiny and accountability for their environmental practices and their role in minimizing negative impacts. The reputation of manufacturers may be influenced if they are perceived as failing to take adequate measures in addressing environmental concerns.

Key Market Trends

Rise of Industrial Automation and Smart Grids

Both industrial automation and smart grid technologies rely on efficient and reliable electrical equipment, such as electrical bushings, to optimize energy management, enhance safety, and improve overall system performance. Industrial automation involves the utilization of electric motors for various applications. Electrical bushings play a critical role in motor control systems by enabling the secure and efficient connection of motors to the power supply. The primary objective of industrial automation is to optimize energy usage and minimize wastage. Advanced electrical bushings with high voltage ratings and low losses support energy-efficient motor control and power distribution. Safety holds paramount importance in industrial settings, where electrical bushings provide reliable insulation and protection to prevent electrical accidents and equipment damage. Real-time data is crucial for process monitoring and control in industrial automation. Electrical bushings equipped with integrated sensors can provide current and temperature measurements for predictive maintenance and system optimization. Smart grids utilize advanced technologies to modernize power distribution and enable bidirectional communication between utilities and consumers. Electrical bushings are indispensable components in smart grid substations, facilitating the connection of transformers and switchgear. With a core focus on maintaining grid stability and reliability, smart grids benefit from electrical bushings that ensure proper insulation and minimize electrical losses, thus contributing to overall grid stability.

Segmental Insights

Insulation Insights

Transformers segment is expected to dominate the market during the forecast period. Transformers play a vital role in electrical power systems, with electrical bushings serving as integral components. These bushings provide a secure and dependable interface for connecting high-voltage transformer components to external electrical equipment like power lines and switchgear. They are essential in power transformers, distribution transformers, and other types, ensuring proper insulation and protection while allowing the passage of electrical conductors through the transformer's tank. The aging power infrastructure in many regions necessitates the replacement and modernization of transformers and associated components, including electrical bushings. Furthermore, the growth of industries and manufacturing sectors worldwide drives the demand for electrical transformers and, consequently, electrical bushings. Rapid urbanization and infrastructure development also present opportunities for transformers with advanced electrical bushings in new construction and grid expansion projects. Moreover, the emergence of smart grids necessitates transformers equipped with state-of-the-art electrical bushings to facilitate real-time monitoring, data exchange, and efficient power distribution.

Product Type Insights

Oil-Impregnated Paper (OIP) segment is expected to dominate the market during the forecast period. Oil-impregnated paper (OIP) is a traditional insulation material widely utilized in electrical bushings, particularly in high-voltage applications. OIP-based electrical bushings have a long-standing history and continue to enjoy extensive usage in power transformers and other high-voltage equipment. Oil-impregnated paper offers exceptional insulation and dielectric properties, rendering it a preferred choice for high-voltage applications. It establishes a reliable and robust insulation barrier between the internal conductor and the external environment. OIP-based electrical bushings exhibit prolonged service life and demonstrate remarkable reliability even in harsh operating conditions, contributing to their widespread adoption in power infrastructure. Furthermore, oil-impregnated paper represents a cost-effective insulation material compared to some of the newer advanced insulation technologies, making it highly favored for various high-voltage applications, particularly in developing economies. OIP-based electrical bushings are well-suited for diverse high-voltage applications, encompassing power transformers, gas-insulated switchgear (GIS), and circuit breakers.

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Regional Insights

Asia-Pacific is expected to dominate the market during the forecast period. The Asia-Pacific region is currently experiencing a significant surge in industrialization and urbanization, which is fueling the demand for electrical infrastructure, particularly electrical bushings. The expansion and modernization of power distribution networks have become imperative due to the growth of industries and urban centers. As the population continues to grow and living standards improve, there is a substantial rise in energy consumption in the Asia-Pacific region. This, in turn, necessitates the establishment of reliable power distribution and grid infrastructure, thereby creating lucrative opportunities for electrical bushings. Moreover, many countries in the Asia-Pacific are making substantial investments in renewable energy sources, such as solar and wind power. The integration of renewable energy into the power grid requires the use of electrical bushings to connect renewable energy generators to the grid. Additionally, several countries in the region are undertaking electrification initiatives aimed at expanding electricity access to rural and remote areas. These initiatives entail the installation of electrical infrastructure, including electrical bushings, to extend the power grid. Furthermore, the Asia-Pacific region has emerged as a major market for electric vehicles (EVs). The increasing adoption of EVs is driving the demand for EV charging infrastructure, wherein electrical bushings play a crucial role in connecting charging stations to the grid.

Recent Developments

In December 2021, Transformers and Rectifiers India Limited announced the awarding of transformer orders, with a total contract value of INR 72 crores, to Gujarat Energy Transmission Corporation Limited (GETCO).
In October 2021, Toshiba Energy Systems & Solutions Corporation revealed the receipt of an order for transformers and associated equipment for an urban-type underground substation owned by Eastern Green Power Pte Ltd, a prominent EPC company in Singapore. Toshiba ESS will supply three 200 MVA transformers and four 75MVA transformers for the first 230-kV class urban-type underground substation in Southeast Asia, scheduled to commence operations post-2025.

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 End User

By Region

• Oil Impregnated Paper (OIP)

• Resin Impregnated Paper (RIP)

• Porcelain

• Polymeric

• Medium voltage

• High Voltage

• Utilities

• Industries

• North America

• Europe

• South America

• Middle East & Africa

• Asia Pacific

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:

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

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. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Electrical Bushing Market

5. Voice of Customer

6. Global Electrical Bushing Market Overview

7. Global 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 (Oil Impregnated Paper (OIP), Resin Impregnated Paper (RIP))

7.2.2. By Insulation (Porcelain, Polymeric)

7.2.3. By Voltage (Medium voltage, High Voltage)

7.2.4. By Application (Transformer, Switchgear)

7.2.5. By End User (Utilities, Industries)

7.2.6. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2022)

7.4. Market Map

8. North America 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

8.2.6.1. United States Electrical Bushing Market Outlook

8.2.6.1.1. Market Size & Forecast

8.2.6.1.1.1. By Value

8.2.6.1.2. Market Share & Forecast

8.2.6.1.2.1. By Product Type

8.2.6.1.2.2. By Insulation

8.2.6.1.2.3. By Voltage

8.2.6.1.2.4. By Application

8.2.6.1.2.5. By End User

8.2.6.2. Canada Electrical Bushing Market Outlook

8.2.6.2.1. Market Size & Forecast

8.2.6.2.1.1. By Value

8.2.6.2.2. Market Share & Forecast

8.2.6.2.2.1. By Product Type

8.2.6.2.2.2. By Insulation

8.2.6.2.2.3. By Voltage

8.2.6.2.2.4. By Application

8.2.6.2.2.5. By End User

8.2.6.3. Mexico Electrical Bushing Market Outlook

8.2.6.3.1. Market Size & Forecast

8.2.6.3.1.1. By Value

8.2.6.3.2. Market Share & Forecast

8.2.6.3.2.1. By Product Type

8.2.6.3.2.2. By Insulation

8.2.6.3.2.3. By Voltage

8.2.6.3.2.4. By Application

8.2.6.3.2.5. By End User

9. Europe 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

9.2.6.1. Germany Electrical Bushing Market Outlook

9.2.6.1.1. Market Size & Forecast

9.2.6.1.1.1. By Value

9.2.6.1.2. Market Share & Forecast

9.2.6.1.2.1. By Product Type

9.2.6.1.2.2. By Insulation

9.2.6.1.2.3. By Voltage

9.2.6.1.2.4. By Application

9.2.6.1.2.5. By End User

9.2.6.2. France Electrical Bushing Market Outlook

9.2.6.2.1. Market Size & Forecast

9.2.6.2.1.1. By Value

9.2.6.2.2. Market Share & Forecast

9.2.6.2.2.1. By Product Type

9.2.6.2.2.2. By Insulation

9.2.6.2.2.3. By Voltage

9.2.6.2.2.4. By Application

9.2.6.2.2.5. By End User

9.2.6.3. United Kingdom Electrical Bushing Market Outlook

9.2.6.3.1. Market Size & Forecast

9.2.6.3.1.1. By Value

9.2.6.3.2. Market Share & Forecast

9.2.6.3.2.1. By Product Type

9.2.6.3.2.2. By Insulation

9.2.6.3.2.3. By Voltage

9.2.6.3.2.4. By Application

9.2.6.3.2.5. By End User

9.2.6.4. Italy Electrical Bushing Market Outlook

9.2.6.4.1. Market Size & Forecast

9.2.6.4.1.1. By Value

9.2.6.4.2. Market Share & Forecast

9.2.6.4.2.1. By Product Type

9.2.6.4.2.2. By Insulation

9.2.6.4.2.3. By Voltage

9.2.6.4.2.4. By Application

9.2.6.4.2.5. By End User

9.2.6.5. Spain Electrical Bushing Market Outlook

9.2.6.5.1. Market Size & Forecast

9.2.6.5.1.1. By Value

9.2.6.5.2. Market Share & Forecast

9.2.6.5.2.1. By Product Type

9.2.6.5.2.2. By Insulation

9.2.6.5.2.3. By Voltage

9.2.6.5.2.4. By Application

9.2.6.5.2.5. 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

10.2.6.1. Brazil Electrical Bushing Market Outlook

10.2.6.1.1. Market Size & Forecast

10.2.6.1.1.1. By Value

10.2.6.1.2. Market Share & Forecast

10.2.6.1.2.1. By Product Type

10.2.6.1.2.2. By Insulation

10.2.6.1.2.3. By Voltage

10.2.6.1.2.4. By Application

10.2.6.1.2.5. By End User

10.2.6.2. Colombia Electrical Bushing Market Outlook

10.2.6.2.1. Market Size & Forecast

10.2.6.2.1.1. By Value

10.2.6.2.2. Market Share & Forecast

10.2.6.2.2.1. By Product Type

10.2.6.2.2.2. By Insulation

10.2.6.2.2.3. By Voltage

10.2.6.2.2.4. By Application

10.2.6.2.2.5. By End User

10.2.6.3. Argentina Electrical Bushing Market Outlook

10.2.6.3.1. Market Size & Forecast

10.2.6.3.1.1. By Value

10.2.6.3.2. Market Share & Forecast

10.2.6.3.2.1. By Product Type

10.2.6.3.2.2. By Insulation

10.2.6.3.2.3. By Voltage

10.2.6.3.2.4. By Application

10.2.6.3.2.5. By End User

11. Middle East & Africa Electrical Bushing Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product Type

11.2.2. By Insulation

11.2.3. By Voltage

11.2.4. By Application

11.2.5. By End User

11.2.6. By Country

11.2.6.1. Saudi Arabia Electrical Bushing Market Outlook

11.2.6.1.1. Market Size & Forecast

11.2.6.1.1.1. By Value

11.2.6.1.2. Market Share & Forecast

11.2.6.1.2.1. By Product Type

11.2.6.1.2.2. By Insulation

11.2.6.1.2.3. By Voltage

11.2.6.1.2.4. By Application

11.2.6.1.2.5. By End User

11.2.6.2. UAE Electrical Bushing Market Outlook

11.2.6.2.1. Market Size & Forecast

11.2.6.2.1.1. By Value

11.2.6.2.2. Market Share & Forecast

11.2.6.2.2.1. By Product Type

11.2.6.2.2.2. By Insulation

11.2.6.2.2.3. By Voltage

11.2.6.2.2.4. By Application

11.2.6.2.2.5. By End User

11.2.6.3. South Africa Electrical Bushing Market Outlook

11.2.6.3.1. Market Size & Forecast

11.2.6.3.1.1. By Value

11.2.6.3.2. Market Share & Forecast

11.2.6.3.2.1. By Product Type

11.2.6.3.2.2. By Insulation

11.2.6.3.2.3. By Voltage

11.2.6.3.2.4. By Application

11.2.6.3.2.5. By End User

12. Asia Pacific Electrical Bushing Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Product Type

12.2.2. By Insulation

12.2.3. By Voltage

12.2.4. By Application

12.2.5. By End User

12.2.6. By Country

12.2.6.1. China Electrical Bushing Market Outlook

12.2.6.1.1. Market Size & Forecast

12.2.6.1.1.1. By Value

12.2.6.1.2. Market Share & Forecast

12.2.6.1.2.1. By Product Type

12.2.6.1.2.2. By Insulation

12.2.6.1.2.3. By Voltage

12.2.6.1.2.4. By Application

12.2.6.1.2.5. By End User

12.2.6.2. India Electrical Bushing Market Outlook

12.2.6.2.1. Market Size & Forecast

12.2.6.2.1.1. By Value

12.2.6.2.2. Market Share & Forecast

12.2.6.2.2.1. By Product Type

12.2.6.2.2.2. By Insulation

12.2.6.2.2.3. By Voltage

12.2.6.2.2.4. By Application

12.2.6.2.2.5. By End User

12.2.6.3. Japan Electrical Bushing Market Outlook

12.2.6.3.1. Market Size & Forecast

12.2.6.3.1.1. By Value

12.2.6.3.2. Market Share & Forecast

12.2.6.3.2.1. By Product Type

12.2.6.3.2.2. By Insulation

12.2.6.3.2.3. By Voltage

12.2.6.3.2.4. By Application

12.2.6.3.2.5. By End User

12.2.6.4. South Korea Electrical Bushing Market Outlook

12.2.6.4.1. Market Size & Forecast

12.2.6.4.1.1. By Value

12.2.6.4.2. Market Share & Forecast

12.2.6.4.2.1. By Product Type

12.2.6.4.2.2. By Insulation

12.2.6.4.2.3. By Voltage

12.2.6.4.2.4. By Application

12.2.6.4.2.5. By End User

12.2.6.5. Australia Electrical Bushing Market Outlook

12.2.6.5.1. Market Size & Forecast

12.2.6.5.1.1. By Value

12.2.6.5.2. Market Share & Forecast

12.2.6.5.2.1. By Product Type

12.2.6.5.2.2. By Insulation

12.2.6.5.2.3. By Voltage

12.2.6.5.2.4. By Application

12.2.6.5.2.5. By End User

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. ABB Ltd.

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services Offered

15.2. Siemens AG

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services Offered

15.3. General Electric Company

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services Offered

15.4. CG Power and Industrial Solutions Limited

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services Offered

15.5. Hubbell Incorporated

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services Offered

15.6. Eaton Corporation PLC

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Services Offered

15.7. Mitsubishi Electric Corporation

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Services Offered

15.8. Nexans S.A.TE Connectivity Ltd.

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Services Offered

15.9. Bharat Heavy Electricals Limited

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Services Offered

15.10. GIPRO GmbH

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Electrical Bushing Market in 2022?

The market size of the Global Electrical Bushing Market was USD1.09 billion in 2022.

Which was the dominant segment in the Global Electrical Bushing Market in 2022?

Oil-Impregnated Paper (OIP) segment dominated in 2022 & is also expected to dominate the market during the forecast period. Oil-impregnated paper (OIP) is a traditional insulation material widely utilized in electrical bushings, particularly in high-voltage applications. OIP-based electrical bushings have a long-standing history and continue to enjoy extensive usage in power transformers and other high-voltage equipment.

What are the challenges in the Global Electrical Bushing Market?

Environmental Concerns is one of the challenges in the Global Electrical Bushing Market.

What are the major drivers for the Global Electrical Bushing Market?

Increasing Demand for electricity and Global Electrification Initiatives are some of the major drivers for the Global Electrical Bushing Market.

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Parvati Sharma

Account Manager BD

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Press Release

Global Electrical Bushing Market is expected to grow at a robust CAGR.

Sep, 2023

Global Electrical Bushing Market is expected to grow owing to growing power demand and the expansion and upgradation of grid structure throughout the forecast period.

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