HV Bushing Industry
HV Bushing is primarily used in an electrical
equipment for passing an electrical conductor via a grounded object. This is
done so without causing any short circuit. Owing to the fluctuations in
frequency, the electrical strength can vary in the conductor. This can lead to leakage
paths getting developed within the insulation. If, by chance, the leakage
surpasses the dielectric strength of the insulation, the insulation can be
punctured and current will be conducted to the nearest earthed material. This
can thereby cause burning and arching. HV Bushing comes into this equation as a
reliable solution that can prevent such incidences from occurring.as
The HV
Bushing Industry is expected to grow in the coming years per the report
published by the team of Market Research Future (MRFR). The global market is
driven by the following factors: a consistent and imperative need for a
reliable electric supply, continuous investments made in transmission and
distribution network, development of safe electrical infrastructure, and an
expansion of the grid. The report mentioned that the global HV bushing market
is projected to grow during the forecast period at a CAGR of 6.5%. The
valuation of the market is also expected to massively grow and reach an
impressive figure till the end of the forecast period in 2023.
HV Bushing Industry Trends
Bushings are accepted across the globe in various
sectors, both commercial and industrial, as safety devices. Bushing offers
rigid support to the conductors from the inside. These are majorly found in
circuit breakers, motors, alternators, and capacitors. Additionally, HV
bushings are filled with insulating medias like resin impregnated paper, oil,
and oil impregnated paper to offer greater dielectric strength. It makes them
permeable for installation across various utilities and particularly in the
industrial sector. It was reported by MRFR that the growing need for
electricity and the overall growth of grid infrastructures are expected to
drive the market of HV bushing. However, concerns related to the fluctuating
material costs and R&D in modern HV bushing can be a major hamper to the
global HV bushing market.
HV Bushing Industry Segmentation
The global HV
bushing market
segmentation is done in terms of the following dynamics: installation, type,
voltage rating, and end-user.
By type, the market includes
non-condenser type and condenser type.
By voltage rating, the
market comprises 170kV-245kV, 15kV-170kV, and 245kV & above.
By installation, the market
segments into indoor and outdoor installation.
By end-user, the market
includes industries, utilities, and others.
Regional Analysis
The global HV bushing market
covers the following region in the geographical segmentation: Asia Pacific,
North America, Europe, and the Rest of the World (RoW).
Among them, the Asia Pacific
region holds the leading position in the market. The growth of the region is
due to the fast-paced industrialization, urbanization, and the rapid economic
growth that is being witnessed across nations like India and China. The Asia
Pacific region is expected to grow considerably over the forecast period and
maintain its position at the top of the HV bushing market. Elsewhere, the
European and North American region are expected to grow at a steady pace and
boast similar growth trajectories. The ROW region, on the other hand, is
expected to garner meagre growth over the forecast period.
Competitive
Landscape
The global HV bushing market includes the following
key players as was identified by MRFR in its report: Webster-Wilkinson Ltd.
(U.K), Crompton Greaves (India), General Electric (U.S.), Warco, Inc.
(U.S), Siemens AG (Germany), Meister International, LLC (U.S), Hubbell
Incorporated (U.S), The H-J Family of Companies (U.S), ABB Ltd. (Switzerland),
and ELANTAS GmbH (Germany). The players in the HV bushing market are making
significant contributions to boost their positioning in the competitive
landscape.
Related
Reports:
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