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.
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
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 forecast 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.
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.
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