Global Electrical Bushing Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global electrical bushing market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028). It is an essential component for a wide range of electrical equipment such as power transformers, shunt reactors, circuit breakers, and capacitors. The major factor expected to drive the market growth is the increasing demand for a stable and reliable supply of power distribution, modernization of exiting electrical infrastructure, increasing power infrastructure development in countries globally, and rapid urbanization of developing countries.

Some major players in the market include ABB Ltd., Eaton Corp. plc, and Siemens AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2021, Transformers and Rectifiers India Ltd. announced that the company awarded orders of transformers for a total contract value of nearly $9.2 million to Gujarat Energy Transmission Corporation Limited (GETCO). Further, in October 2021, Toshiba Energy Systems and Solutions Corp. announced that the company had received an order for transformers and associated equipment for the urban-type underground substation owned by Eastern Green Power Pte Ltd., one of Singapore’s EPC companies. The contract is to supply three 200 MVA transformers and four 75MVA transformers for the first 230-kV class urban-type underground substation located in Southeast Asia, which will start operations after 2025.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Insulation
  • By Voltage
  • By Application
  • By End-User
  • By Sales Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

• Competitive Landscape- ABB Ltd., Eaton Corp. plc, and Siemens AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Electrical Bushing Market Report by Segment

By Type

• Oil Impregnated Paper
• Resin Impregnated Paper
• Others

By Insulation

• Porcelain
• Polymeric
• Glass

By Voltage

• Medium
• High
• Extra high

By Application

• Transformers
• Switchgears
• Others

By End-User

• Utilities
• Industries
• Others

By Sales Channel

• Original Equipment Manufacturers (OEMs)
• Aftermarket