Electrical Bushings Market by Type (Oil Impregnated Paper, Resin Impregnated Paper), Insulation (Porcelain, Polymeric, Glass), Voltage (MV, HV, EHV), Application (Transformer, Switchgear), End-User (Utilities, Industries), & Region-Global Forecast to 2023
[144 Pages Report] The global electrical bushings market was valued at USD 2.37 Billion in 2017 and is projected to reach USD 2.96 Billion by 2023, growing at a CAGR of 3.86%, during the forecast period. Increasing power demand, investments in the renewable sector, and expansion of transmission lines are the major factors driving the electrical bushing market globally.
The years considered for the study are as follows:
- Base Year: 2017
- Estimated Year: 2018
- Projected Year: 2023
- Forecast Period: 2018 to 2023
The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define, describe, and forecast the global electrical bushing market by type, insulation, voltage, application, end-user, and region
- To provide detailed information on the major factors influencing the growth of the electrical bushing market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future prospects, and contribution of each segment to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the market with respect to the major regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa)
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
- To track and analyze the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global electrical bushing market. Primary sources are mainly industry experts from core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations related to all the segments of this industrys value chain. The research methodology is explained below.
- Study of the annual revenues and market developments of the major players providing electrical bushings
- Analyses of the demand for electrical bushings, by application
- Assessment of future trends and growth of end-users in the market
- Study of market trends in various regions and countries based on end-users
- Study of contracts and developments related to the market by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies supplying electrical bushings across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Target Audience:
The target audience of this report includes:
- Component manufacturers and suppliers
- Consulting companies in the power sector
- Electric utilities
- Electrical bushings manufacturers and suppliers
- Government and power research organizations
- Manufacturing industries
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Scope of the Report:
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- Oil Impregnated Paper (OIP)
- Resin Impregnated Paper (RIP)
- Others
- Porcelain
- Polymeric
- Glass
- Medium Voltage
- High Voltage
- Extra-High Voltage
- Transformer
- Switchgear
- Others
- Utilities
- Industries
- Others
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
By Type
By Insulation
By Voltage
By Application
By End-User
By Region
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region or country-specific analysis
Company Information
Detailed analyses and profiling of additional market players (up to 5)
The global electrical bushings market is estimated to be USD 2.45 Billion in 2018 and is projected to reach USD 2.96 Billion by 2023, growing at a CAGR of 3.86%, from 2018 to 2023. Rising electrical network expenditure and an increasing demand for electrical equipment from end-users such as railways and the renewable sector are the major drivers of the market.
The report segments the electrical bushing market, by type, into oil impregnated paper, resin impregnated paper, and others. The others segment includes resin bonded paper, resin impregnated synthetic, SF6, and hybrid. The oil impregnated paper segment dominated the market in 2017 due to increased electrical performance, low cost, and high dielectric strength. The resin-impregnated paper segment is projected to grow at the fastest rate during the forecast period due to their capability to withstand seismic activity, high mechanical strength, no risk of fire explosion, light weight, easy transportation and installation, and less installation time.
The medium voltage segment of the electrical bushing market, by voltage, accounted for the largest market size in 2017. The growing demand for power distribution and increasing investments in the infrastructure sector in Asia Pacific and North America are the key factors driving the medium voltage segment. The extra-high voltage segment is expected to grow at the fastest rate during the forecast period due to rising investments in extra-high and ultra-high voltage projects.
Based on application, the electrical bushing market has been segmented into transformer, switchgear, and others. The others segment includes circuit breakers, generators, reactors, and wall applications. The transformer segment held the largest market share in 2017 and is expected to be the fastest-growing market from 2018 to 2023. Increasing investments in T&D networks and rising installation of electrical equipment such as transformers, switchgears, and circuit breakers are the major factors driving the transformer segment during the forecast period.
Based on end-user, the electrical bushing market has been segmented into utilities, industries, and others. The others segment includes railways and metro, renewables, and the commercial sector. The utilities segment held the largest market share in 2017 and is expected to be the fastest-growing market from 2018 to 2023. Bushings are the most important component of transformers and switchgears as they control the electric field and reduce electrical stresses. Many utilities are upgrading or adding T&D capacity, thereby, boosting the demand for electrical bushings.
In this report, the electrical bushing market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. Asia Pacific held the largest market share in 2017 and is expected to be the fastest-growing market from 2018 to 2023. Factors such as increased power consumption, rising investments in the railway sector, a growing focus on renewable power generation, and modernization and expansion of T&D networks are driving the market in Asia Pacific.
Factors such as aging power systems, failure of condenser cores due to unsealed designs, moisture ingress, lightning strike, broken connection between ground sleeve and flange, electrical flashover, short-circuited capacitance-graded layer, corrosive sulfur, and a broken tap connection are main causes of electrical bushing failure. Electrical bushing failure can result in the loss of costly assets/equipment with long replacement time and can cause issues related to the safety of personnel. Thus, untimely bushing failure can act as a restraint for the electrical bushing market.
Some of the leading players in the electrical bushings market include ABB (Switzerland), GE (US), Siemens (Germany), Eaton (Ireland), and Nexans (France). New product launches and contracts & agreements were the most widely adopted strategies by players to ensure their dominance in the market.
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Limitations
2.5 Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 32)
4.1 Electrical Bushings Market, By Country
4.2 Electrical Bushing Market, By Type
4.3 Electrical Bushing Market, By Insulation
4.4 Electrical Bushing Market, By Voltage
4.5 Electrical Bushing Market, By Application
4.6 Electrical Bushing Market, By End-User
4.7 Asia Pacific Electrical Bushing Market
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Electrical Network Expenditure
5.2.1.2 Growing Demand for Electrical Equipment From End-Users Such as Railways and Renewables
5.2.2 Restraints
5.2.2.1 Untimely Bushing Failure
5.2.3 Opportunities
5.2.3.1 Focus Towards Combined Insulation Bushings
5.2.3.2 Growing Demand for HVDC Transmission
5.2.4 Challenges
5.2.4.1 Presence of A Large Number of Local and Regional Players
6 Electrical Bushing Market, By Type (Page No. - 42)
6.1 Introduction
6.2 Oil Impregnated Paper (OIP)
6.3 Resin Impregnated Paper (RIP)
6.4 Others
7 Electrical Bushing Market, By Insulation (Page No. - 46)
7.1 Introduction
7.2 Porcelain
7.3 Polymeric
7.4 Glass
8 Electrical Bushing Market, By Voltage (Page No. - 51)
8.1 Introduction
8.2 Medium Voltage (1 kV to 72.5 kV)
8.3 High Voltage (72.5 kV to 220 kV)
8.4 Extra High Voltage (> 220 kV)
9 Electrical Bushings Market, By Application (Page No. - 55)
9.1 Introduction
9.2 Transformer
9.3 Switchgear
9.4 Others
10 Electrical Bushing Market, By End-User (Page No. - 60)
10.1 Introduction
10.2 Utilities
10.3 Industries
10.4 Others
11 Electrical Bushing Market, By Region (Page No. - 65)
11.1 Introduction
11.2 Asia Pacific
11.2.1 By Type
11.2.2 By Insulation
11.2.3 By Voltage
11.2.4 By Application
11.2.5 By End-User
11.2.6 By Country
11.2.6.1 China
11.2.6.2 India
11.2.6.3 Japan
11.2.6.4 Australia
11.2.6.5 Rest of Asia Pacific
11.3 Europe
11.3.1 By Type
11.3.2 By Insulation
11.3.3 By Voltage
11.3.4 By Application
11.3.5 By End-User
11.3.6 By Country
11.3.6.1 Russia
11.3.6.2 Germany
11.3.6.3 UK
11.3.6.4 France
11.3.6.5 Rest of Europe
11.4 North America
11.4.1 By Type
11.4.2 By Insulation
11.4.3 By Voltage
11.4.4 By Application
11.4.5 By End-User
11.4.6 By Country
11.4.6.1 US
11.4.6.2 Canada
11.4.6.3 Mexico
11.5 Middle East & Africa
11.5.1 By Type
11.5.2 By Insulation
11.5.3 By Voltage
11.5.4 By Application
11.5.5 By End-User
11.5.6 By Country
11.5.6.1 Saudi Arabia
11.5.6.2 UAE
11.5.6.3 South Africa
11.5.6.4 Rest of the Middle East & Africa
11.6 South America
11.6.1 By Type
11.6.2 By Insulation
11.6.3 By Voltage
11.6.4 By Application
11.6.5 By End-User
11.6.6 By Country
11.6.6.1 Brazil
11.6.6.2 Argentina
11.6.6.3 Rest of South America
12 Competitive Landscape (Page No. - 100)
12.1 Overview
12.2 Ranking of Players & Industry Concentration, 2017
12.3 Competitive Scenario
12.3.1 Contracts & Agreements
12.3.2 New Product Launches
12.3.3 Expansions
12.3.4 Mergers & Acquisitions
13 Company Profiles (Page No. - 106)
Business Overview, Products Offered, Recent Developments, MnM View
13.1 Benchmarking
13.2 ABB
13.3 Siemens
13.4 GE
13.5 Eaton
13.6 Nexans
13.7 Bharat Heavy Electricals Limited
13.8 CG Power and Industrial Solutions
13.9 Elliot Industries
13.10 Gamma
13.11 Gipro GmbH
13.12 Hubbell
13.13 Polycast International
13.14 RHM International
13.15 Toshiba
13.16 Webster-Wilkinson
*Details Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 137)
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details
List of Tables (79 Tables)
Table 1 Global Electrical Bushings Market Snapshot
Table 2 Characteristics of Porcelain Bushing and Combined Insulation Bushing
Table 3 Key HVDC Projects By ABB
Table 4 Electrical Bushings System Market Size, By Type , 20162023 (USD Million)
Table 5 Oil Impregnated Paper: Market Size, By Region, 20162023 (USD Million)
Table 6 Resin Impregnated Paper: Market Size, By Region, 20162023 (USD Million)
Table 7 Others: Market Size, By Region, 20162023 (USD Million)
Table 8 Electrical Bushing Market Size, By Insulation, 20162023 (USD Million)
Table 9 Porcelain: Market Size, By Region, 20162023 (USD Million) )
Table 10 Polymeric:Market Size, By Region, 20162023 (USD Million) )
Table 11 Glass: Market Size, By Region, 20162023 (USD Million)
Table 12 Electrical Bushing Market Size, By Voltage, 20162023 (USD Million)
Table 13 Medium Voltage: Market Size, By Region, 20162023 (USD Million)
Table 14 High Voltage: Market Size, By Region, 20162023 (USD Million)
Table 15 Extra High Voltage: Market Size, By Region, 20162023 (USD Million)
Table 16 Electrical Bushing Market Size, By Application, 20162023 (USD Million)
Table 17 Transformer: Market Size, By Region, 20162023 (USD Million)
Table 18 Switchgear: Market Size, By Region, 20162023 (USD Million)
Table 19 Others: Market Size, By Region, 20162023 (USD Million)
Table 20 Market Size, By End-User, 20162023 (USD Million)
Table 21 Utilities: Market Size, By Region, 20162023 (USD Million)
Table 22 Industries: Market Size, By Region, 20162023 (USD Million)
Table 23 Others: Market Size, By Region, 20162023 (USD Million)
Table 24 Electrical Bushing Market, By Region, 20162023 (USD Million)
Table 25 Asia Pacific: Electrical Bushing Market Size, By Type, 20162023 (USD Million)
Table 26 Asia Pacific: Market Size, By Insulation, 20162023 (USD Million)
Table 27 Asia Pacific: Market Size, By Voltage, 20162023 (USD Million)
Table 28 Asia Pacific: Market Size, By Application, 20162023 (USD Million)
Table 29 Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 30 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 31 China: Market Size, By End-User, 20162023 (USD Million)
Table 32 India: Market Size, By End-User, 20162023 (USD Million)
Table 33 Japan: Market Size, By End-User, 20162023 (USD Million)
Table 34 Australia: Market Size, By End-User, 20162023 (USD Million)
Table 35 Rest of Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 36 Europe: Electrical Bushing Market Size, By Type, 20162023 (USD Million)
Table 37 Europe: Market Size, By Insulation, 20162023 (USD Million)
Table 38 Europe: Market Size, By Voltage, 20162023 (USD Million)
Table 39 Europe: Market Size, By Application, 20162023 (USD Million)
Table 40 Europe: Market Size, By End-User, 20162023 (USD Million)
Table 41 Europe: Market Size, By Country, 20162023 (USD Million)
Table 42 Russia: Market Size, By End-User, 20162023 (USD Million)
Table 43 Germany: Market Size, By End-User, 20162023 (USD Million)
Table 44 UK: Market Size, By End-User, 20162023 (USD Million)
Table 45 France: Market Size, By End-User, 20162023 (USD Million)
Table 46 Rest of Europe: Market Size, By End-User, 20162023 (USD Million)
Table 47 North America: Electrical Bushing Market Size, By Type, 20162023 (USD Million)
Table 48 North America: Market Size, By Insulation, 20162023 (USD Million)
Table 49 North America: Market Size, By Voltage, 20162023 (USD Million)
Table 50 North America: Market Size, By Application, 20162023 (USD Million)
Table 51 North America: Market Size, By End-User, 20162023 (USD Million)
Table 52 North America: Market Size, By Country, 20162023 (USD Million)
Table 53 US: Market Size, By End-User, 20162023 (USD Million)
Table 54 Canada: Market Size, By End-User, 20162023 (USD Million)
Table 55 Mexico: Market Size, By End-User, 20162023 (USD Million)
Table 56 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 57 Middle East & Africa: Market Size, By Insulation, 20162023 (USD Million)
Table 58 Middle East & Africa: Market Size, By Voltage, 20162023 (USD Million)
Table 59 Middle East & Africa: Market Size, By Application, 20162023 (USD Million)
Table 60 Middle East & Africa: Market Size, By End-User, 20162023 (USD Million)
Table 61 Middle East & Africa: Market Size, By Country, 20162023 (USD Million)
Table 62 Saudi Arabia: Market Size, By End-User, 20162023 (USD Million)
Table 63 UAE: Market Size, By End-User, 20162023 (USD Million)
Table 64 South Africa: Market Size, By End-User, 20162023 (USD Million)
Table 65 Rest of Middle East & Africa: Market Size, By End-User, 20162023 (USD Million)
Table 66 South America: Market Size, By Type, 20162023 (USD Million)
Table 67 South America: Market Size, By Insulation, 20162023 (USD Million)
Table 68 South America: Market Size, By Voltage, 20162023 (USD Million)
Table 69 South America: Market Size, By Application, 20162023 (USD Million)
Table 70 South America: Market Size, By End-User, 20162023 (USD Million)
Table 71 South America: Market Size, By Country, 20162023 (USD Million)
Table 72 Brazil: Electrical Bushing Market Size, By End-User, 20162023 (USD Million)
Table 73 Argentina: Market Size, By End-User, 20162023 (USD Million)
Table 74 Rest of South America: Market Size, By End-User, 20162023 (USD Million)
Table 75 Market Developments Between 2014 & 2017
Table 76 Contracts & Agreements, 2014-2017
Table 77 New Product Launches, 2017
Table 78 Expansions, 20132017
Table 79 Mergers & Acquisitions, 20152016
List of Figures (44 Figures)
Figure 1 Electrical Bushings Market Segmentation
Figure 2 Electrical Bushings System Market Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions for the Research Study
Figure 7 Asia Pacific Held the Largest Share in the Market in 2017
Figure 8 Resin Impregnated Paper Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 9 Porcelain Segment Dominated the Market in 2017
Figure 10 Medium Voltage Segment is Expected to Dominate the Market From 2018 to 2023
Figure 11 Transformer Segment is Expected to Dominate the Market During the Forecast Period
Figure 12 Utilities Segment is Expected to Grow at the Fastest Rate in the Market During the Forecast Period
Figure 13 Attractive Opportunities in the Market, 20182023
Figure 14 China is Estimated to Grow at the Fastest Rate in the Global Market During the Forecast Period
Figure 15 Resin Impregnated Paper Segment is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 16 Porcelain Segment is Expected to Dominate the Market During the Forecast Period
Figure 17 Medium-Voltage Segment Dominated the Market in 2017, While Asia Pacific Dominated the Medium-Voltage Segment in 2017
Figure 18 Transformer Segment to Grow at the Fastest Rate During the Forecast Period
Figure 19 Utilities Segment is Expected to Dominate the Market During the Forecast Period
Figure 20 China Accounted for the Largest Share of the Asia Pacific Market in 2017
Figure 21 Drivers, Restraints, Opportunities, and Challenges
Figure 22 Electrical Network Expenditure, By Region (%)
Figure 23 Global Installed Renewable Power Generation Capacity, By Region, 2015 & 2016
Figure 24 The Resin Impregnated Paper Segment is Expected to Grow at the Fastest Growth Rate in the Market During the Forecast Period
Figure 25 Polymeric is Expected to Be the Fastest Growing Segment in the Market During the Forecast Period
Figure 26 Asia Pacific: the Fastest Growing Market in the Porcelain Segment, 20182023
Figure 27 Market, By Voltage, 2017
Figure 28 Market Segment, By Application, 2017
Figure 29 Market, By End-User, 20182023 (USD Million)
Figure 30 Market, By Region, 2017
Figure 31 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 32 Asia Pacific: Market Snapshot
Figure 33 Europe: Market Snapshot
Figure 34 Key Developments in Market, 20142017
Figure 35 ABB Led the Market in 2017
Figure 36 ABB: Company Snapshot
Figure 37 Siemens: Company Snapshot
Figure 38 GE: Company Snapshot
Figure 39 Eaton: Company Snapshot
Figure 40 Nexans: Company Snapshot
Figure 41 Bhel: Company Snapshot
Figure 42 CG Power and Industrial Solutions: Company Snapshot
Figure 43 Hubbell: Company Snapshot
Figure 44 Toshiba: Company Snapshot
Growth opportunities and latent adjacency in Electrical Bushings Market