Electrical Bushings Market Size Worth $3.61 Billion By 2032 | CAGR: 3.80%

The global electrical bushings market size is expected to reach USD 3.61 billion by 2032, according to a new study by Polaris Market Research. The report “Electrical Bushings Market Share, Size, Trends, Industry Analysis Report, By Type (Oil Impregnated Paper, Resin Impregnated Paper, and Others); By Insulation; By Application, By End User; By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Augmenting development in the product among various market leaders is expected to propel the growth of market. To meet the customer’s expectations, many companies and businesses are largely engaged in the industry. For instance, in June 2023, Hitachi Energy showcased its most recent advancements in transformer insulation and components, presenting a product launch for EasyDry, a brand-new dry-type, paperless bushing, as well as interactive sessions with industry experts. Likewise, many companies are focusing on enhancing performance, durability, efficiency, and safety features of the bushings. Manufacturers are investing in research and development to introduce bushings with improved insulation, higher voltage ratings, better mechanical strength, and enhanced performance. Thus, this factor is predominantly improving the global revenue.

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The growing global population, urbanization, and industrialization have led to an increased demand for electricity. This drives the need for electrical infrastructure development, including the installation of transformers, switchgear, and other electrical equipment. Electrical bushings are critical components used in these systems for insulation, connection, and protection. The increasing demand for electricity and the subsequent expansion of electrical infrastructure drive the demand for electrical bushings. Furthermore, as the renewable energy sector expands, the demand for electrical bushings for these applications also increases. Hence, growing renewable energy sector is also responsible for the development of the market.

Porcelain is a mechanically strong material, capable of withstanding mechanical stresses, vibrations, and impacts. This makes it suitable for demanding applications, such as outdoor installations or areas with high mechanical loads. This insulation has been used in electrical bushings for many years and has a proven track record of reliable performance. It is a well-established and trusted technology in the electrical industry.

Electrical Bushings Market Report Highlights

• Oil impregnated paper segment is anticipated to record the largest market share in the year of 2022 due to their excellent insulation properties
• Porcelain insulation is expected to garner the largest revenue in the global market due to its benefits like high insulation performance, and durability
• Transformer held the largest share, as it plays a critical role in the power transmission and distribution infrastructure
• Utilities segment garnered largest share, as utilities are the primary entities responsible for generating and delivering electricity to consumers
• North America held the largest share due to well-developed and mature industrial infrastructure, particularly in the energy & power sectors
• The global electrical bushings market involves ABB, Cedaspe Power, Megger, Siemens Energy, Trench Group, Ahlstrom-Munksjö, Eaton, & GE Grid Solutions.

Polaris Market Research has segmented the Electrical Bushings market report based on type, insulation, application, end user, and region:

Electrical Bushings, Type Outlook (Revenue - USD Billion, 2019-2032)

• Oil Impregnated Paper
• Resin Impregnated Paper
• Others

Electrical Bushings, Insulation Outlook (Revenue - USD Billion, 2019-2032)

• Porcelain
• Polymeric
• Glass

Electrical Bushings, Application Outlook (Revenue - USD Billion, 2019-2032)

• Transformer
• Switchgear
• Others

Electrical Bushings, End User Outlook (Revenue - USD Billion, 2019-2032)

• Utilities
• Industries
• Others

Electrical Bushings, Regional Outlook (Revenue - USD Billion, 2019-2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Electrical Bushings Market Report Scope