HV Bushing Market Overview:
Global industry is expected to grow faster than ever before due to new technologies and various key industry players choosing multiple business tactics to expand globally by 2030.
Government policies and various regulations are playing vital role in this industry. Regional market growth is outstanding post pandemic. Some drivers and trends are helping the industry to grow at a high CAGR during forecast period 2023-2030.
The HV Bushing Market was evaluated at USD 680.12 million in 2019. The market will reach a value of USD 900.12 Million and a 3.02 % CAGR during the forecast period between 2022 to 2030.
Growing electricity demand coupled with the growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the Global HV Bushing Market size over the forecast timeline. The unique property of HV bushing to resist the electrical field strength produced in the insulation, would make them convenient for various applications.
The Global HV Bushing Market is driven by the increasing need of reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.
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Bushing are widely accepted across the world in various industrial & commercial sector as a safety device. A bushing is usually a hollow ceramic tube, through which conductor passes. Bushing provides rigid support to the conductors from inside. Bushings are primarily found in circuit breakers, alternators, motors and capacitors. Also, HV Bushings are filled with insulating media such as oil, resin impregnated paper, and oil impregnated paper to provide greater dielectric strength which makes them permeable for installation in various utilities and in the industrial sector. The constant need for electricity and the worldwide growth in grid infrastructure, will aid in the growth of Global HV Bushing Market over the forecast period. However, Fluctuation in material costs and R&D in modern HV Bushing are expected to restrain the Global HV Bushing Market.
Scope of the Report:
This study provides an overview of the Global HV Bushing Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global HV Bushing Market by its type, voltage rating, by installation, end user and by regions.
By Type
- Condenser Type
- Non-Condenser Type
By Voltage Rating
- 15kV-170kV
- 170kV-245kV
- 245kV & above
By Installation
- Indoor
- Outdoor
By End User
- Utilities
- Industries
- Others
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
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Key Players:
The key players of Global HV Bushing Market are General Electric (U.S.), Siemens AG (Germany), Crompton Greaves (India), Hubbell Incorporated (U.S), Webster-Wilkinson Ltd. (U.K), Warco, Inc. (U.S), ABB Ltd. (Switzerland), Meister International, LLC (U.S), The H-J Family of Companies (U.S) and ELANTAS GmbH (Germany).
