Electricity
is a major requirement for all the economies worldwide, and electrical bushings
have enabled isolated countries and islands to meet their energy needs.
Condenser bushing have been driving the growth of the global electrical bushing
market, with the growing demand for grid distribution capabilities. 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.
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.
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.
Industry
Segmentation
The Oil-Impregnated Paper Bushing segment has dominated having highest
share due to reduction in diameter and lighter weight which is easy to
transport and install. The cost involved in installing high voltage direct
current line is lower than that involved in installing an alternating current
line.
China has accounted largest installed power stations and power
transmission system. In south east Asian countries development and advancement
in power distribution expected to drive the electrical bushings market in Asia
Pacific region.
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.
Scope
of the Report
This research report provides insights into various levels of analysis,
such as industry analysis and market share analysis for the leading industry
competitors, along with their profiles. It also helps in studying the target
segments by providing views on the emerging & high-growth segments. The
market data comprises the basic assessment of the competitive scenarios and
strategies in the global electrical bushing market, including high-growth
regions and/or countries, and political and economic environments. The project
report further provides both – historical market values and pricing & cost
analysis
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