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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape of Electrical Bushing Industry
General Electric Company is a multinational company which offers bushings for electrical transmission with high value benefits. The company offers specialised solutions related to different industry verticals including renewable energy, power, and aerospace, among others. General Electric company was founded in 1892 and is headquartered in Massachusetts, United States.
ABB Ltd. is one of the renowned technology leaders that offers innovative solutions in the electrification and automation domain. The company aims to provide a sustainable and resource-efficient future to its end users. The company was founded in 1988 and is headquartered in Zurich, Switzerland.
Siemens AG is a leading technology company that offers technical expertise as well as state-of-art solutions in fields ranging from IT and finance to energy and power distribution. The company was founded in 1847 and is headquartered in Berlin and Munich, Germany.
Other market players include Hitachi Ltd., Hubbell Inc., CG Power and Industrial Solutions Ltd., Eaton Corporation Plc, GIPRO GmbH, Webster-Wilkinson Ltd., RHM International, LLC, and POLYCAST International, among others.
Electrical Bushing Market Report Snapshots
Electrical Bushing Market Size
Electrical Bushing Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of nearly USD 3.2 billion in 2023.
The market is estimated to grow at a CAGR of 4.3% in the forecast period of 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.71 billion by 2032.
The increasing demand for electricity, expansion of power distribution networks, and introduction of policies by various governments to improve safety in the utility sector, are the major drivers of the market.
The key trends in the market include the technological advancements including development of non-metallic split bushings, split grounding bushings, and cable bushings, among others, and the expansion of power infrastructure due to rising urbanisation and digitalisation.
The different types of electrical bushings include oil impregnated paper (OIP), and resin impregnated paper (RIP), among others.
The applications of electrical bushing include transformer and switchgear, among others.
General Electric Company, ABB Ltd., Siemens AG, Hitachi Ltd., Hubbell Inc., CG Power and Industrial Solutions Ltd., Eaton Corporation Plc, GIPRO GmbH, Webster-Wilkinson Ltd., RHM International, LLC, and POLYCAST International, among others, are the key market players.
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