MARKET INTRODUCTION
The primary function of an electrical bushing is to bring current at high voltage through a grounded barrier. These are mainly made up of porcelain, paper, or resin insulation and form a critical component in all electrical networks. The growth of the electrical bushings market in the Asia Pacific region is likely to witness major growth on account of increased power consumption and robust investments in the railway sector. Additionally, the region is also experiencing modernization and expansion of transmission and distribution networks along with a sharp focus on renewable energy generation.
MARKET DYNAMICS
The electrical bushings market is anticipated to grow in the forecast period owing to driving factors such as increasing electrical network expenditure and robust demand for electrical equipment from renewables and railway sectors. The untimely bushing failure is likely to hamper the growth of the electrical bushings market during the forecast period. On the other hand, combined insulation bushings are expected to provide significant growth prospects for the electrical bushings market and the key players in the coming years.
MARKET SCOPE
The "Global Electrical Bushings Market Analysis to 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The report aims to provide an overview of electrical bushings market with detailed market segmentation by type, insulation, application, end user, and geography. The global electrical bushings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electrical bushings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global electrical bushings market is segmented on the basis of type, insulation, application, and end user. Based on type, the market is segmented as Resin Impregnated paper (RIP), oil impregnated paper (OIP), and others. By insulation, the market is segmented as polymeric, glass, and porcelain. On the basis of the application, the market is segmented as switchgear, transformer, and others. The market on the basis of the end user is classified as industries, utilities, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electrical bushings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electrical bushings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting electrical bushings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the electrical bushings market in these regions.
MARKET PLAYERS
The reports cover key developments in the electrical bushings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from electrical bushings market are anticipated to lucrative growth opportunities in the future with the rising demand for electrical bushings in the global market. Below mentioned is the list of few companies engaged in the electrical bushings market.
The report also includes the profiles of key electrical bushings companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Limited
- Bharat Heavy Electricals Ltd.
- Eaton Corporation
- General Electric Company
- GIPRO GmbH
- Hubbell Incorporated
- Nexans SA
- Polycast International
- RHM International, LLC
- Siemens AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.