Apr 11, 2018   SOURCE: BusinessWire

Global Electrical Bushings Market 2018-2023 with Key Players ABB, Siemens, GE, Eaton, and Nexans Dominating - ResearchAndMarkets.com

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).

Market Dynamics

Drivers

  • Growing Electrical Network Expenditure
  • Growing Demand for Electrical Equipment from End-Users Such as Railways and Renewables

Restraints

  • Untimely Bushing Failure

Opportunities

  • Focus Towards Combined Insulation Bushings
  • Growing Demand for HVDC Transmission

Challenges

  • Presence of a Large Number of Local and Regional Players

Key Topics Covered

1 Introduction

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

  • ABB
  • Siemens
  • GE
  • Eaton
  • Nexans
  • Bharat Heavy Electricals Limited
  • CG Power and Industrial Solutions
  • Elliot Industries
  • Gamma
  • Gipro GmbH
  • Hubbell
  • Polycast International
  • RHM International
  • Toshiba
  • Webster-Wilkinson

For more information about this report visit https://www.researchandmarkets.com/research/jmcv87/global_electrical?w=4