Electrical Bushing Market Size, Share & Trends Analysis Report By Type (OIP, RIP), By Insulation (Porcelain, Polymeric), By Voltage, By Application, By Region, And Segment Forecasts, 2024 - 2030
Electrical Bushing Market Size, Share & Trends Analysis Report By Type (OIP, RIP), By Insulation (Porcelain, Polymeric), By Voltage, By Application, By Region, And Segment Forecasts, 2024 - 2030
Electrical Bushing Market Size & Trends
The global electrical bushing market size was estimated at USD 2.76 billion in 2023 and is expected to grow at a CAGR of 4.25% from 2024 to 2030. The growing demand for electricity for various applications, including electric vehicles (EVs), consumer electronics, and others, is driving the need for power generation, fueling the electrical bushing market.
The market is witnessing a significant trend towards the adoption of smart technology. With the rise of smart grids and the Internet of Things (IoT), there is an increasing demand for bushings that are not only reliable but also capable of real-time monitoring and diagnostics. These smart bushings come equipped with sensors that can provide valuable data on performance, helping utilities predict failures before they happen and reduce maintenance costs. This trend is driven by the need for greater efficiency, reliability, and longevity in electrical systems.
Global Electrical Bushing Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global electrical bushing market report based on type, insulation, voltage, application, and region:
Type Outlook (Revenue, USD Million, 2018 - 2030)
Oil Impregnated Paper (OIP)
Resin Impregnated Paper (RIP)
Others
Insulation Outlook (Revenue, USD Million, 2018 - 2030)
Porcelain
Polymeric
Glass
Voltage Outlook (Revenue, USD Million, 2018 - 2030)
Medium Voltage
High Voltage
Extra-High Voltage
Application Outlook (Revenue, USD Million, 2018 - 2030)
Transformer
Switchgear
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
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