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Electrical Bushing Market Size 2020: Development Status, Emerging Technologies, Future Plans and Trends by Forecast 2023

The global Electrical bushing market has been segmented based on insulation type, voltage type, end-user type and region.

ID: 1555753
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(businesspress24) - Global Electrical Bushing Market Overview

Electrical bushings refer to insulated gadgets that allow an electrical conductor to pass safely through a grounded conductor barrier like a circuit breaker or transformer. Materials generally used to make electrical bushing include porcelain, paper, and resin. Electrical bushes are mainly used to reduce the stress in the electrical field and to minimize the harm done to the electrical insulator.

The global Electrical Bushing Market Size is estimated to record an approximate CAGR of 3.5% during the forecast period. Rising investments in major grid expansion projects in various countries to increase the distribution capacity are likely to fuel the global electrical bushing market during the review period. Further, technological developments witnessed in the transmission sector are estimated to promote positive growth in the electrical bushing market. Additionally, the design and composition standards are effective in high voltage transmission and grid distribution due to the use of ANSI/IEEE Standards, driving the market exponentially..

Segmental Analysis

The global Electrical Bushing Market Report is segmented on the basis of insulation type, voltage type, and end-user.

Based on insulation type, the market is segmented into liquid-insulated bushing, oil-impregnated paper bushing, combined insulation bushing, and gas-impregnated bushing. The oil-impregnated segment, under insulation type, is expected to dominate the global electrical bushing market owing to its high voltage capacity.

On the basis of voltage type, the electrical bushing market is segmented into low voltage bushings and high voltage bushings. The high voltage bushings segment is estimated to hold the largest market share owing to its high-power rating and stability in transmission. Based on end-user, the market is segmented into utilities and industries. The utilities segment is expected to dictate the electrical bushing market during the assessment period due to its multiple uses in transformers and circuit breakers.

Regional Analysis

The global electrical bushing market is geographically segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

The APAC is estimated to capture the largest share of the electrical bushing market during the forecast period of 2018-2023 owing to an increased demand for power from renewable energy sources. China is likely to be one of the largest electrical bushing consumers in Asia Pacific, contributing majorly to market growth in the region. North America and Europe are anticipated to grow significantly due to a rise in the demand for energy with increased use of electrical gadgets, and the emergence of technologies like the internet of things and smart homes.

Key Players

Some of the prominent players transforming the landscape of the electrical bushing market, as profiled by MRFR include ABB Group, TRENCH Group (SIEMENS), General Electric, Eaton, Elliot Industries, Gipro GMBH, RHM International, Toshiba, Webster-Wilkinson, Siemens (Germany), and Nexans (France).

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Date: 02/06/2020 - 10:44
Language: English
News-ID 1555753
Character count: 2685
Firma: Market Research Future
Ansprechpartner: Avni Feedback to about Pressrelease-id:
Stadt: Pune

Meldungsart: Financial
Versandart: send
Freigabedatum: 6/2/2020

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