24 May 2019 - The Global Electrical
Bushings Market is expected to
display higher growth rate in the upcoming years. Rapid surge in the market is
credited to the rapid advancement in power generation industry and growing
power demands across the globe. Rapid urbanization, particularly in developing
economies across the globe coupled with expansion of transmission line are
expected to drive the growth of electrical bushings market over the forecast
period. Globally, market is predicted to generate massive revenue over the
forthcoming period, providing numerous opportunities for industry participants
to invest in research and development of electrical bushings.
An
electrical bushing is considered as an insulated device, which is allows safe
passage of electric current via an electrical conductor and consists of a
grounded conducting barrier. These grounded conducting barrier acts as a
circuit breaker. Electrical bushings are generally manufactured from porcelain
and few other insulating materials.
Rapid
urbanization and rising power generation are some of the major factors responsible
for robust growth of electrical bushing market. Increasing focus towards
developing power infrastructure to meet rising energy demands for ever-growing
population is anticipated to foster the growth of the market over the coming
years. Development of high-end electrical transmission lines is estimated to
play a key role future market developments across the globe. Common application
of the electrical bushings include transformer systems and advanced switchgear
systems.
The
electrical bushing market is broadly categorized into major segments based on
the application type such as oil impregnated paper and resin impregnated paper.
Oil impregnated paper segment is growing rapidly in the market with substantial
revenue generation in the last few years. Growing popularity of oil impregnated
paper segment is attributed to the increasing product penetration and
availability of low cost solutions.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in implementation of latest technologies in manufacturing sector,
surge in number of research & development activities and existence of
well-established industrial infrastructure in the region. In European region,
Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific
region is estimated to hold a major share in the electrical bushings market
with massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with strong economic growth, increasing
manufacturing activities, growing power demands, and significant investment by
leading industry players considering potential growth opportunities in the
region.
The
key players in the electrical bushings market are ABB Group, TRENCH Group Co.,
HSP Hochspannungsgeräte GmbH, H-J International, Inc., Megger Group Ltd.,
Nanjing Electric HV Bushing Co., Ltd., General Electric Co., and Alstom S.A.
Market Segment:
Leading players of Electrical Bushings
including:
•
ABB
•
Siemens
•
GE
•
Eaton
•
Nexans
•Bharat
Heavy Electricals Limited
•
CG Power and Industrial Solutions
•
Elliot Industries
•
Gamma
•
Gipro GmbH
•
Hubbell
•
Polycast International
•
RHM International
•
Toshiba
•
Webster-Wilkinson
Market split by Type, can be divided
into:
•
Oil Impregnated Paper (OIP)
•
Resin Impregnated Paper (RIP)
•
Others
Market split by Application, can be
divided into:
•
Utilities
•
Industries
•
Others
Market split by Sales Channel, can be
divided into:
•
Direct Channel
•
Distribution Channel
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