DUBLIN--(BUSINESS WIRE)--The "Electrical Bushings Market by Type (Oil Impregnated Paper, Resin Impregnated Paper), Insulation (Porcelain, Polymeric, Glass), Voltage (MV, HV, EHV), Application (Transformer, Switchgear), End-User & Region-Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The electrical bushings market is projected to reach USD 2.96 billion by 2023, from an estimated USD 2.45 billion in 2018, at a CAGR of 3.86%.
This growth can be attributed to the rising demand for electrical equipment from end-users such as railways and the renewable sector and increasing expenditure on electrical networks. Untimely bushing failures can hinder the growth of the market.
The transformer segment held the largest market share in 2017 and is estimated to be the fastest-growing segment during the forecast period. Bushing is the main component in transformers to withstand any voltage and mechanical and environmental stresses. The reduction of downtime in the event of transformer failure is the major factor driving the transformer segment.
The leading players in the electrical bushings market include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Nexans (France).
- Growing Electrical Network Expenditure
- Growing Demand for Electrical Equipment from End-Users Such as Railways and Renewables
- Untimely Bushing Failure
- Focus Towards Combined Insulation Bushings
- Growing Demand for HVDC Transmission
- Presence of a Large Number of Local and Regional Players
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Electrical Bushings Market, by Type
7 Electrical Bushings Market, by Insulation
8 Electrical Bushings Market, by Voltage
9 Electrical Bushings Market, by Application
10 Electrical Bushings Market, by End-User
11 Electrical Bushings Market, by Region
12 Competitive Landscape
13 Company Profiles
- Bharat Heavy Electricals Limited
- CG Power and Industrial Solutions
- Elliot Industries
- Gipro GmbH
- Polycast International
- RHM International
For more information about this report visit https://www.researchandmarkets.com/research/jmcv87/global_electrical?w=4