The electrical bushings market is projected to grow at a CAGR of 3.86%, from 2018 to 2023. 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%, from 2018 to 2023. 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 is expected to dominate the electrical bushings market, from 2018 to 2023. 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.
Asia Pacific: The fastest growing market for electrical bushings.
Asia Pacific was the largest market for electrical bushings in 2017 and projected to grow at the highest CAGR, during the forecast period.China accounted for the largest share of the electrical bushings market in Asia Pacific region in 2017 and has the largest installed power generation and distribution capacity.
Countries such as China, India, and Japan are driving the electrical bushings market in Asia Pacific.These countries are investing in grid expansion projects in order to increase distribution grid reliability.
Moreover, South-East Asian countries in the region are augmenting their power generation capacities. All these factors are expected to drive the growth of the electrical bushings market in Asia Pacific.
Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: • By Company Type: Tier 1- 45%, Tier 2- 35%, and Tier 3- 20% • By Designation: C-Level- 15%, D-Level- 25%, and Others- 60%
By Region: Asia Pacific- 40%, North America- 25%, Europe- 20%, Middle East & Africa- 10%, and South America- 5%
Note: Others includes sales managers, marketing managers, product managers, and product engineers Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 10 billion, Tier 2: From USD 1 billion to USD 10 billion, and Tier 3: The leading players in the electrical bushings market include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Nexans (France).
Research Coverage: The report defines, describes, and forecasts the global electrical bushings market by type, insulation, voltage, application, end-user, and region.It also offers a detailed qualitative and quantitative analysis of the market.
The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.It also covers various important aspects of the market.
These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the electrical bushings market.
Why Buy this Report? 1. The report identifies and addresses key markets for electrical bushings, which would help manufacturers review the growth in demand. 2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges. 3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Our reports have been used by over 10K customers, including:
The global motor control centers market is projected to reach USD 6.3 billion by 2025 from an estimated market size of USD 4.6 billion in 2020, at a CAGR of 6.4% during the forecast period. The growing demand for industrial automation in developed regions, increased use of electric motors in key industries, and increased industrial plant uptime...
Abstract Solar Power Generation in China The Solar Power Generation industry in China generates power by solar energy. The industry includes photovoltaic (PV) power generation and solar thermal power generation. Solar power generation usually refers to PV power generation, which uses solar cells to directly...
The motor soft starter market is projected to reach USD 2.3 billion by 2024, at a CAGR of 6.0% from 2019 to 2024 The global motor soft starter market is projected to reach USD 2.3 billion by 2024 from an estimated market size of USD 1.7 billion in 2019, at a CAGR of 6.0% during the forecast period. The growing demand for...
Summary Eaton Corporation Plc (Eaton) is a power management company.It designs, develops, and sells products and services, which help customers manage electrical, hydraulic and mechanical power more reliably, efficiently, safely, and sustainably. Eaton serves customers in the utility, governmental, industrial, residential,...
131 pages •
By Infiniti Research Limited
• Apr 2018
About Medium Voltage Motor Control Centre An MCC is an integrated system, which accommodates motor starters, drives and contactors that are assembled together and are connected through common source power busbars. MCCs are primarily used to control, distribute power, and protect electrical motors in industries. An MCC...
“Circuit protection market is expected to grow at a CAGR of 5.92% between 2016 and 2022” The overall circuit protection market was valued at USD 35.85 billion in 2015 and is expected to reach USD 53.56 billion by 2022, at a CAGR of 5.92% between 2016 and 2022. The rising consumption of electricity due to the increased use of...
The timing relay market is projected to grow at a CAGR of 4.32%, from 2017 to 2022.
The timing relay market is projected to reach USD 573.5 million by 2022, at a CAGR of 4.32%, from 2017 to 2022. The availability of broad time delay ranges in timing relays, rising industrial automation, and increased demand for control...
Industrial Control System
Motor And Generator
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.