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.
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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.
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Leading players of Electrical Bushings including:
•Bharat Heavy Electricals Limited
• CG Power and Industrial Solutions
• Elliot Industries
• Gipro GmbH
• Polycast International
• RHM International
Market split by Type, can be divided into:
• Oil Impregnated Paper (OIP)
• Resin Impregnated Paper (RIP)
Market split by Application, can be divided into:
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/electricity
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