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Global Electrical Bushing Market Size, Share, Forecast: By Type: Oil Impregnated Paper (OIP), Resin Impregnated Paper (RIP), Others; By Voltage: Medium Voltage (1 KV to 72.5 KV), High Voltage (72.5 KV to 220 KV), Extra High Voltage (> 220 KV); By Insulation: Porcelain, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Electrical Bushing Market Outlook
The global electrical bushing market size reached nearly USD 3.2 billion in 2023. The market is projected to grow at a CAGR of 4.3% between 2024 and 2032 to reach a value of around USD 4.71 billion by 2032.
Key Trends in the Market
Electrical bushing refers to an electrical component which is used to carry high voltage current through equipment enclosures. These enclosures may consist of apparatus such as transformers, circuit breakers, shunt reactors, or power capacitors, among others. Electrical bushings are typically made up of porcelain, however other insulating materials can also be used.
- The electrical bushing market growth is driven by the increasing demand for electricity, triggered by rapid industrialisation, especially across emerging economies, and the growing population. In addition to this, governments of various countries are taking measures to upgrade and modernise existing power infrastructure.
- Technological advancements, coupled with innovations in electrical bushing systems are some of the key electrical bushing market trends. Composite bushings, non-metallic split bushings, split grounding bushings, and cable bushings, among others, are some of the critical innovations which have supported the market, enabling it to cope with evolving customer requirements.
- The increasing stringency of regulatory standards by various governments to ensure safety, reliability, and security in the utility sector is further aiding the electrical bushing market demand. In line with this, grid modernisation initiatives are increasing in regions like Latin America and the Asia Pacific.
Electrical Bushing Market Segmentation
Based on type, the market is divided into oil impregnated paper (OIP) and resin impregnated paper (RIP), among others. On the basis of voltage, the market is classified into medium voltage (1 KV to 72.5 KV), high voltage (72.5 KV to 220 KV), and extra high voltage (> 220 KV). By insulation, the market is segmented into porcelain, polymeric, and glass.
By application, the market is categorised into transformer and switchgear, among others. The major regional markets for electrical bushing include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global electrical bushing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- General Electric Company
- ABB Ltd.
- Siemens AG
- Hitachi Ltd.
- Hubbell Inc.
- CG Power and Industrial Solutions Ltd.
- Eaton Corporation Plc
- GIPRO GmbH
- Webster-Wilkinson Ltd.
- RHM International, LLC
- POLYCAST International
- Others
Market Share by Application
Transformers account for a significant portion of the electrical bushing market share. Bushing is an important accessory of a transformer that offers an effective and efficient insulation between line conductor and tank. Transformer bushing also provides insulation between outgoing conductors and slots which is not possible using simple arrangements. Increasing power demands due to rising investments in infrastructure development projects and upgradation of grid structures are further bolstering the requirement for electrical bushings.
Market Share by Region
As per the electrical bushing market analysis, the Asia Pacific holds a significant share of the market. The rising demand for power across the region, fuelled by growing urbanisation and industrialisation, and increasing population, is leading to the expansion of power transmission and distribution networks. Moreover, the rapid electrification of rural areas across emerging economies is escalating the market demand. The increasing emergence of power generation projects in various countries across the Asia Pacific is further supporting the market expansion in the region.
Competitive Landscape
General Electric Company is a multinational company which offers bushings for electrical transmission with high value benefits. The company offers specialised solutions related to different industry verticals including renewable energy, power, and aerospace, among others. General Electric company was founded in 1892 and is headquartered in Massachusetts, United States.
ABB Ltd. is one of the renowned technology leaders that offers innovative solutions in the electrification and automation domain. The company aims to provide a sustainable and resource-efficient future to its end users. The company was founded in 1988 and is headquartered in Zurich, Switzerland.
Siemens AG is a leading technology company that offers technical expertise as well as state-of-art solutions in fields ranging from IT and finance to energy and power distribution. The company was founded in 1847 and is headquartered in Berlin and Munich, Germany.
Other market players include Hitachi Ltd., Hubbell Inc., CG Power and Industrial Solutions Ltd., Eaton Corporation Plc, GIPRO GmbH, Webster-Wilkinson Ltd., RHM International, LLC, and POLYCAST International, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Voltage |
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| Breakup by Insulation |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electrical Bushing Market Analysis
8.1 Key Industry Highlights
8.2 Global Electrical Bushing Historical Market (2018-2023)
8.3 Global Electrical Bushing Market Forecast (2024-2032)
8.4 Global Electrical Bushing Market by Type
8.4.1 Oil Impregnated Paper (OIP)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Resin Impregnated Paper (RIP)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Electrical Bushing Market by Voltage
8.5.1 Medium Voltage (1 KV to 72.5 KV)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 High Voltage (72.5 KV to 220 KV)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Extra High Voltage (> 220 KV)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Electrical Bushing Market by Insulation
8.6.1 Porcelain
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Polymeric
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Glass
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Electrical Bushing Market by Application
8.7.1 Transformer
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Switchgear
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Electrical Bushing Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Electrical Bushing Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electrical Bushing Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electrical Bushing Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electrical Bushing Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electrical Bushing Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 General Electric Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 ABB Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Siemens AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hitachi Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hubbell Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 CG Power and Industrial Solutions Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Eaton Corporation Plc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 GIPRO GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Webster-Wilkinson Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 RHM International, LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 POLYCAST International
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electrical Bushing Market: Key Industry Highlights, 2018 and 2032
2. Global Electrical Bushing Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Electrical Bushing Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Electrical Bushing Historical Market: Breakup by Voltage (USD Billion), 2018-2023
5. Global Electrical Bushing Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
6. Global Electrical Bushing Historical Market: Breakup by Insulation (USD Billion), 2018-2023
7. Global Electrical Bushing Market Forecast: Breakup by Insulation (USD Billion), 2024-2032
8. Global Electrical Bushing Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Electrical Bushing Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Electrical Bushing Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Electrical Bushing Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Electrical Bushing Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Electrical Bushing Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Electrical Bushing Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Electrical Bushing Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Electrical Bushing Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Electrical Bushing Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Electrical Bushing Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Electrical Bushing Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Electrical Bushing Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Electrical Bushing Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Electrical Bushing Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 3.2 billion in 2023.
The market is estimated to grow at a CAGR of 4.3% in the forecast period of 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.71 billion by 2032.
The increasing demand for electricity, expansion of power distribution networks, and introduction of policies by various governments to improve safety in the utility sector, are the major drivers of the market.
The key trends in the market include the technological advancements including development of non-metallic split bushings, split grounding bushings, and cable bushings, among others, and the expansion of power infrastructure due to rising urbanisation and digitalisation.
The different types of electrical bushings include oil impregnated paper (OIP), and resin impregnated paper (RIP), among others.
The applications of electrical bushing include transformer and switchgear, among others.
General Electric Company, ABB Ltd., Siemens AG, Hitachi Ltd., Hubbell Inc., CG Power and Industrial Solutions Ltd., Eaton Corporation Plc, GIPRO GmbH, Webster-Wilkinson Ltd., RHM International, LLC, and POLYCAST International, among others, are the key market players.
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