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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Market Share by Application
Transformers account for a significant portion of the electrical bushing market share. Bushing is an important accessory of a transformer that offers an effective and efficient insulation between line conductor and tank. Transformer bushing also provides insulation between outgoing conductors and slots which is not possible using simple arrangements. Increasing power demands due to rising investments in infrastructure development projects and upgradation of grid structures are further bolstering the requirement for electrical bushings.
Market Share by Region
As per the electrical bushing market analysis, the Asia Pacific holds a significant share of the market. The rising demand for power across the region, fuelled by growing urbanisation and industrialisation, and increasing population, is leading to the expansion of power transmission and distribution networks. Moreover, the rapid electrification of rural areas across emerging economies is escalating the market demand. The increasing emergence of power generation projects in various countries across the Asia Pacific is further supporting the market expansion in the region.
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 2024.
The market is estimated to grow at a CAGR of 4.3% in the forecast period of 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of around USD 4.71 billion by 2034.
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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