Electrical Bushing Market Synopsis:
Bushing is an insulated device used in a grounded conducting barrier used to control the electric field. Increasing investments in the generation of electricity are poised to lead the growth of the demand for bushing in the years to come. The global Electrical Bushing Market, as per the analysis offered by Market Research Future (MRFR), is anticipated to mark a steady CAGR of 3.5% across the review period 2018 to 2023.
The governments in many countries are investing in grid expansion projects for the distribution of electricity. This, in turn, is assessed to boost the growth of the electrical bushing market over the next couple of years. The transmission sector has been witnessing major technological advancements in recent times. It is expected to impact the proliferation of the electrical bushing market favorably in the upcoming years. To illustrate, the rising use of ANSI/IEEE Standard for high voltage transmissions is poised to unleash developmental opportunities for key participants over the next couple of years.
Market Segmentation:
The segments of the global electrical bushing market, based on Insulation type, identified in this MRFR report are oil-impregnated paper bushing, liquid-insulated bushing, gas-impregnated bushing, combined insulation bushing, and others. Among these, the oil-impregnated paper bushing segment is expected to retain its dominant position in the market over the next couple of years owing to its high voltage capability.
On the basis of voltage type, the segments of the electrical bushing market include low voltage bushings and high voltage bushings. The high voltage bushings segment held the largest share of the market in 2017. It is poised to retain its prominence in the forthcoming years.
By end-user, the global electrical bushing market has been segmented into utilities, industries, and others. Among these, the utilities segment is prognosticated to account for the maximum share of the market through the review period. Its growth can be ascribed to its multiple uses in circuit breaker and transformers.
Regional Analysis:
The geographical assessment of the global electrical bushing market spans across four prime regions city generation. Also, the region is poised to witness massive investments being injected in renewable sources of energy. These factors are projected to facilitate the development of the electrical bushing market in the region over the next few years. China has been assessed to lead the growth of the regional market in the years to come.
Competitive Dashboard:
Nexans (France), and Siemens (Germany) are likely to play a crucial role in the development of the global electrical busing market in the years to come. TRENCH Group (SIEMENS), ABB Group, General Electric, Elliot Industries, Eaton, Gipro GMBH, Toshiba, Webster-Wilkinson, RHM International, are some of the other noted players of the global market expected to earn considerable revenues over the next couple of years. These players and their latest developments have been assessed in this MRFR report for covering a detailed share analysis of the electrical bushing market. Increasing investments for bringing technological innovations is the key approach for expansion devised by the market participants. Other strategic approaches anticipated to be deployed by these players for gaining a larger share of the market are mergers & acquisitions, research & development, collaborations, agreements, etc. The support extended by the governments for the generation of electricity through clean sources is likely to attract new entrants in the global electrical bushing market over the next few years.
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