13th January 2020 – The global Electrical Bushings Market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the rapid advancement in power generation industry and growing power demands across the globe. Rapid urbanization, particularly in developing economies across the globe coupled with expansion of transmission line are expected to drive the growth of electrical bushings market over the forecast period. Globally, market is predicted to generate massive revenue over the forthcoming period, providing numerous opportunities for industry participants to invest in research and development of electrical bushings.
An electrical bushing is considered as an insulated device, which is allows safe passage of electric current via an electrical conductor, and consists of a grounded conducting barrier. These grounded conducting barrier acts as a circuit breaker. Electrical bushings are generally manufactured from porcelain and few other insulating materials.
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Rapid urbanization and rising power generation are some of the major factors responsible for robust growth of electrical bushing market. Increasing focus towards developing power infrastructure to meet rising energy demands for ever-growing population is anticipated to foster the growth of the market over the coming years. Development of high-end electrical transmission lines is estimated to play a key role future market developments across the globe. Common application of the electrical bushings include transformer systems and advanced switchgear systems.
The electrical bushing market is broadly categorized into major segments based on the application type such as oil impregnated paper and resin impregnated paper. Oil impregnated paper segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of oil impregnated paper segment is attributed to the increasing product penetration and availability of low cost solutions.
Key Manufacturers Analysis covered in these report
•Bharat Heavy Electricals Limited
• CG Power and Industrial Solutions
• Elliot Industries
• Gipro GmbH
• Polycast International
• RHM International
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Market split by Type, can be divided into:
• Oil Impregnated Paper (OIP)
• Resin Impregnated Paper (RIP)
Market split by Application, can be divided into: