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Asia Pacific Electrical Bushing Market Trends

Report ID: GMI9026
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Electrical Bushing Market Trends

Asia Pacific electrical bushing industry is witnessing several notable trends. There's a growing demand for high voltage electrical bushings, driven by the expansion of power transmission and distribution networks in emerging economies like India and China. Advancements in material technology, including the adoption of silicone rubber bushings, are gaining traction due to their superior insulation properties and durability.

Increasing emphasis on renewable energy sources is fuelling the demand for bushings suitable for renewable energy applications like wind and solar power. Moreover, there's a rising focus on enhancing bushing reliability and performance, leading to innovations in design and manufacturing processes. The market is witnessing a shift towards environmentally friendly and sustainable bushing solutions to align with global energy transition goals.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for electrical bushing was recorded USD 1.6 billion in 2023 and is expected to depict 6% CAGR from 2024 to 2032, due to the burgeoning renewable energy sector along with the rapid urbanization and industrialization.

The oil impregnated paper (OIP) segment in the Asia Pacific electrical bushing market is estimated to exceed USD 1.5 billion by 2032, owing to their proven reliability and effectiveness in high-voltage applications.

China electrical bushing industry is estimated to be worth over USD 800 million by 2032 and is expected to depict substantial growth from 2024 to 2032, led by the growing emphasis on upgrading the power transmission and distribution networks.

ABB, Barberi Rubinetterie Industriali S.r.l., CG Power and Industrial Solutions, Elliot Industries, Eaton, GIPRO, General Electric, Hubbell, Hitachi Energy, Jiangxi Johnson Electric Co., Ltd., Liyond, Nexans, RHM International, LLC, Siemens Energy, Rajeev Industries, SATRAJ CERAMICS, Trench Group, THORNE & DERRICK INTERNATIONAL, and Yash Highvoltage Insulators Pvt. Ltd. are some of the major electrical bushing companies operating in Asia Pacific.