Transformers Bushings 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 Transformers
Bushings 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.
Transformers Bushings 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 – North America, Asia
Pacific (APAC), Europe, and the Rest of the World (RoW). Asia Pacific holds the
pole position in the global market place at present. It is projected to
maintain its dominance over the next couple of years. The region houses
fast-developing nations that are investing in electricity 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.
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