The global Electrical bushing market is estimated to
grow at ~3.5% CAGR during the forecast period. Electrical bushing are insulated
devices which are used in high voltage transmission so as to avoid current
leakage. Due to its composition and rigid design these devices are most
effective in electrical application which are driving factor in this market.
Many isolated countries and island are meeting their electrical energy needs
through electrical bushing. Technological developments in electrical bushing
like reducing the diameters of the porcelain housings to make them slimmer and
also lighter has helped in transport and installation of bushings which have
resulted in growth in market.
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According to the recent study 2017, ABB has
successfully tested the direct current (DC) transformer bushing developed for
ultra-high voltage direct current. The capacity of this bushing is around 1100
kv which is installed in china for hydro-generated electricity.
Segmental Analysis:
The global Electrical bushing market has been
segmented based on insulation type, voltage type, end-user type and region. On
the basis of insulation type, the market is segmented as liquid-insulated
bushing, oil-impregnated paper bushing, combined insulation bushing,
gas-impregnated bushing and others. oil-impregnated paper bushing segment had
been dominating the market due to high voltage capability. On the basis of
voltage type, the market is segmented as Low voltage bushings, High voltage
bushings. High voltage bushings had a larger market share in the year 2017 and
is expected to dominate the global Electrical bushing market during the
forecast period as high-power rating and stability in transmission. On the
basis of End-User, the market is segmented as Utilities, Industries and others.
Utilities segment dominates the global Electrical bushing market as it has
multiple uses in transformers and circuit breaker.
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Prominent
Players:
The key players of the global Electrical bushings
market are ABB Group, TRENCH Group (SIEMENS), General Electric, Eaton, Elliot
Industries, Gipro GMBH, RHM International, Toshiba, Webster-Wilkinson, Siemens
(Germany), Nexans (France) are among others.
Regional
Analysis:
Asia-Pacific region is expected to dominate the
market for electrical bushing market due to increased demand for power from
renewable sources of energy. China is one of the largest users of electrical
bushings in this region. World biggest DC transformer bushing is tested in
china, the capacity of this bushing is around 1100kv. As there is tremendous
investment in hydro-generated industry and this will drive the electrical
bushing market.
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