Dublin, Jan. 31, 2025 (GLOBE NEWSWIRE) — The “Electrical Bushings Market by Type (Oil Impregnated Paper, Resin Impregnated Paper, Others), Insulation Material (Porcelain, Polymer, Glass), Application (Transformer, Switchger), Voltage, End User, and Region – Global Forecast 2029” report has been added to ResearchAndMarkets.com’s offering.
The global electrical bushings market is expected to grow significantly from an estimated USD 3.67 billion in 2024 to USD 4.77 billion by 2029, at a CAGR of 5.4%
The global electrical bushings market is dominated by key players that hold a wide regional presence and offer a diverse range of products. Leading companies in the electrical bushings market include ABB (Switzerland), Siemens (Germnay), Trench Group (Germany), General Electric Company (US), Schneider Electric (France), Eaton (Ireland) among others.
These players focus on strategies such as product innovations, acquisitions, agreements, partnerships, and expansions to strengthen their market position. New product launches, coupled with strategic investments in power infrastructure and energy-efficient technologies, are key approaches adopted by these companies to maintain competitive advantages in the evolving market landscape.
Growth in electrical bushings is predominantly seen worldwide, led by demand in effective transmission and distribution of electricity triggered by rapid urbanization and industrialization.
Major investment in renewable energy projects along with the modernization of grid helps escalate demand for high-performance, reliable advanced bushings that may have withstanding voltage capability for more prolonged system performance. Resin-impregnated and synthetic bushings replace the traditional porcelain to reduce energy losses and improve electrical safety.
Furthermore, stringent government regulations and environmental mandates drive the industries toward the adoption of more sustainable and high-performance bushing solutions. These drivers along with a growing demand for the upgradation of aging power infrastructure worldwide propel the market growth at an aggressive rate.
Above 230 segment, by voltage, is expected to hold third largest market share during forecast period
The Above 230 kV subsegment of the By Voltage segment is the third-largest in the global electrical bushings market, given its importance in high-voltage power transmission applications. This range is most commonly used in large-scale infrastructure projects, including inter-regional and cross-border transmission networks, which are considered essential for stabilizing grids and integrating renewable energy sources.
The increasing adoption of ultra-high-voltage direct current (UHVDC) systems, especially in emerging economies in the Asia Pacific and the Middle East, is further fuelling demand. Also, investments in upgrading aging grid infrastructure in developed regions like North America and Europe have fueled growth in this subsegment. In fact, these bushings are irreplaceable for maintaining the reliability of operation, reducing losses in power, and sustaining the long-distance transmission of electricity.
Switchgear segment, by Application, is expected to hold second-largest market share during forecast period
The Switchgear subsegment of the By Application segment is the second-largest market share in the global electrical bushings market because switchgear plays a critical role in ensuring that electrical systems are safe and reliable. Electrical bushings in switchgear provide an easy, secure passage for current with seamless insulation, even in high-stress conditions.
Demand for advanced and compact switchgear solutions has emerged in urbanization projects, renewable energy integration, and industrial expansions across the globe. The grid modernization initiatives pursued by regions such as Europe and North America along with rapid electrification and industrialization in Asia Pacific will positively impact the adoption of bushings for medium- and high-voltage switchgear. These factors explain why, to ensure operational efficiency and system protection, bushings are indispensable.
South America is expected to hold the least market share during forecast period.
South America has the lowest market share in the global electrical bushings market due to various limiting factors. These include a lower level of investment in power infrastructure compared to other regions, and slower adaptation of the latest grid technologies. It is still more focused on basic electrification efforts for rural areas and has only limited budgets for upgrading its transmission and distribution networks with advanced equipment such as electrical bushings.
Economic instability and political insecurity in other countries further compound large infrastructure development. Ongoing renewable projects in countries such as Brazil and Chile will continue to keep the overall demand for high-voltage equipment like bushings very modest with limited industrialization and grid modernization progressing at a slower rate than elsewhere in the region.
The report provides insights on the following pointers:
- Analysis of key drivers (Growing global reliable power demand, Modernization of aging infrastructure, Increasing adoption of high-voltage and extra high-voltage networks), restraints (High initial costs associated with electrical bushings, Availability of low-cost alternatives) opportunities (Integration of renewable energy into power grids, Increasing adoption of smart grid infrastructure, Industrial growth in emerging economies), and challenges (Complex manufacturing and customization requirements of electrical bushings, Maintenance and replacement challenges associated with electrical bushings) influencing the growth.
- Product Development/ Innovation: Advancements in the use of insulation materials and digital monitoring capabilities and improving energy efficiency are driving the developments in product innovation within the global electrical bushings market. The leading players ABB, Siemens, and Hitachi Energy are focusing on the production of next-generation bushings, such as Resin-Impregnated Paper (RIP) and Resin-Impregnated Synthetic (RIS), promising better thermal performance, lower environmental effects, and safety than the traditional oil-impregnated bushing (OIP). Innovations also include smart bushings with sensors and real-time monitoring systems for predictive maintenance, which are critical to ensuring grid reliability and minimizing downtime.
- In addition, there is an increasing emphasis on sustainable solutions, and hence designs that are eco-friendly, minimize oil usage, and maximize recyclability. These developments address the changing needs of modern power infrastructure, renewable energy integration, and the global push toward grid modernization, all set to propel the market for healthy growth through technological advancements.
- Market Development: Increasing the extension of T&D networks is currently driving the market for electrical bushings across the world. This development is occurring mostly in the developing economies of Asia Pacific, Africa, and Latin America. The governments and utilities are investing highly in modernization projects related to the grid, renewable energy integration, and cross-border power transmission as a way of increasing grid reliability and answering the increase in demand for electricity.
- Developed countries like North America and Europe are upgrading ageing infrastructure, replacing old obsolete bushings with modern technologies like RIP and RIS for safety improvements and efficiency. In emerging countries, growth is seen because of rapid urbanization and industrialization and also due to increased electrification initiatives. Use of smart grid technology and also digital substations further creates newer opportunities for bushings along with monitoring systems. Market players expand presence in untapped geographies through strategic collaborations and partnerships and new product launches that make the most of opportunities driven by rising demand for safe and efficient power delivery systems.
- Market Diversification: Market diversification in the global electrical bushings market comes from regional expansion, innovation in technology, and new verticals. Major manufacturers look to tap opportunities through the growing economies of Asia Pacific, Africa, and South America with a focus on emerging markets related to infrastructure development, grid expansions, and renewable projects. Companies are also expanding their product lines by introducing higher level of insulation technologies such as RIP and RIS bushings that are gaining traction as more consumers seek sustainable and efficient energy solutions.
- In addition, new applications are being found for this technology in rail transportation, offshore wind energy, and industrial power systems, well beyond traditional utilities and substations. Strategic alliances, mergers, and acquisitions further enable companies to enter untapped markets, strengthen supply chains, and leverage regional expertise. This diversification approach helps market players reduce dependency on a single market segment, thus ensuring long-term growth and resilience amidst evolving global energy needs.
- Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the global electrical bushings market, including ABB (Switzerland), Siemens (Germnay), Trench Group (Germany), General Electric Company (US), Schneider Electric (France), Eaton (Ireland), RHM International LLC (US), Hitachi Energy Ltd. (Japan), Hubbell (US), Polycast International (US), among others.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 291 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $3.67 Billion |
| Forecasted Market Value (USD) by 2029 | $4.77 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Companies Featured
- ABB
- Siemens
- Hitachi Energy Ltd
- Eaton
- General Electric Company
- Schneider Electric
- Cg Power & Industrial Solutions Ltd.
- Trench Group
- Hubbell
- Polycast International
- Rhm International, LLC
- Reliance Potteries
- Pfisterer Holding SE
- Webster Wilkinson Ltd.
- Bushing (Beijing) Hv Electric Co. Ltd
- Nexans
- Yash Highvoltage Insulators Pvt. Ltd.
- Nu-Cork Products Pvt Ltd
- Chinsun
- Amma Insulators
- Dalian Hivolt Power System Co. Ltd.
- Nanjing Electric Hv Bushing Co. Ltd
- Baoding Hewei Power Technology Co. Ltd
- Massa Izolyator Mehru Pvt. Ltd. (Mim Pvt. Ltd.)
- Poinsa
For more information about this report visit https://www.researchandmarkets.com/r/6nf79w
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- Electrical Bushings Market
