Global Electrical Bushings Market was valued at US$ 2.30 Bn in 2017 and is expected to reach US$ 3.10 Bn by 2026, at a CAGR of 3.80 % during a forecast period. Electrical bushings are isolated devices which permit electric conductor to pass safely through stuck conductor barriers like a transformer or circuit breaker. Electrical bushings are generally made of porcelain, Paper, and resin insulation. These bushes primarily decrease the stress in the electric field thus making no harm to the electrical insulator. Growing power demand, increasing investments in the renewable sector, and enlargement of transmission lines are the key factors driving the electrical bushings market across the globe. Increasing electrical network expenditure and growing demand for electrical equipment from end-users includes railways and the renewable sector are expected to boost the global electrical bushings market. The objective of the report is to present a comprehensive assessment of the global electrical bushings market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global electrical bushings market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment. The oil impregnated paper segment is estimated to hold a significant share in the global electrical bushings market owing to augmented electrical performance, low cost, and high dielectric strength. Furthermore, the resin-impregnated paper segment is expected to grow at the high rate of CAGR during the forecast period owing to their ability to withstand seismic activity, high mechanical strength, and no risk of fire explosion, lightweight, easy transportation and installation, and fewer installation time. The transformer segment held the large market share in 2017 and is projected to grow at a high rate of CAGR during the forecast period. Growing investments in T&D networks and growing installation of electrical equipment such as transformers, switchgear, and circuit breakers are the key factors driving the transformer segment. Transformer bushing is an essential part of electric power transmission equipment used to function reliably and safely. It is a protected device that facilitates the transfer of a current resonant conductor through an earthed conducting obstacle. Transformer bushings are frequently attributed as a prominent cause of transformer failures. In case to avoid the failure and loss, key players try to develop reliable, cost-efficient and robust transformer bushings. Increasing demand for energy consumption is projected to rise owing to augmented utilization by existing and new commercial establishments and growing residential sector in urban and rural areas. The utility segment is projected to hold significant growth in the global electrical bushings market. Bushings are the furthermost important component of transformers and switchgear as they switch the electric field and condense electrical stresses. Many utilities are improving or adding transmission and distribution capacity, which is expected to boost the demand for electrical bushings. The Asia Pacific is expected to dominate the growth in the global electrical bushings market. Factors such as augmented power consumption, increasing investments in the railway sector, a rising focus on renewable power generation and modernization and development of transmission and distribution networks are expected to boot global electrical bushings market in the Asia Pacific. Rapid urbanization and substantial growth in industrialization are the foremost factors responsible for the growth of the transformer bushings market. Asia Pacific was the major market for electrical bushings in 2017 and projected to grow at the high rate of CAGR, during the forecast period. China dominated the largest share of the electrical bushings market in the Asia Pacific region in 2017 owing to Hugh infrastructure installed power generation and distribution capacity.
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The Scope of the Report Global Electrical Bushings Market
Global Electrical Bushings Market, By Type
Oil Impregnated Paper Resin Impregnated Paper Others
Global Electrical Bushings Market, By Insulation
Porcelain Polymeric Glass
Global Electrical Bushings Market, By Voltage
Medium Voltage High Voltage Extra-High Voltage
Global Electrical Bushings Market, By Application
Transformer Switchgear Others
Global Electrical Bushings Market, By End-User
Utilities Industries Others
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