Market overview

The size of the HV Bushing market was estimated to be USD 0.75 billion in 2022. The industry is expected to increase at a compound annual growth rate (CAGR) of 3.02% between 2023 and 2032, from USD 0.77 billion in 2023 to USD 0.98 billion.

HV Bushing is mainly used in electrical equipment for passing an electrical conductor through the grounded object. This is done to prevent from anything causing a short circuit. Due to the fluctuations in frequency, the electrical strength can differ in the conductor. This can lead to leakage of paths that are getting developed within the insulation. If, by any chance, the leakage exceeds the dielectric strength of the insulation, then the insulation gets punctured, and then the current will be conducted to the nearest earthed material. This can thereby cause arching and burning. HV bushing is the most reliable solution in this equation, which prevents the short circuit from occurring. 

Bushings are accepted worldwide in various sectors, such as commercial and industrial, as safety equipment. Bushing provides hard support to the conductors from the inside. These are mainly found in circuit breakers, alternators, motors, and capacitors. In addition, HV bushings are full of insulating media like oil, resin impregnated paper, and oil-soaked paper to offer greater dielectric strength. It makes them penetrable for installation across various profitability, particularly in the industrial sector. The rising need for electricity and the overall growth of grid structures are estimated to drive the market for HV bushing. These concerns are related to the shifting material costs and research and development in modern HV bushing, which can be a major hindrance to the global HV bushing market.

Key Players:

·       General Electric (US)

·       Siemens (Germany)

·       ELANTAS GmbH (Germany)

·       Crompton Greaves (India)

·       Webster-Wilkinson Ltd. (UK)

·       Warco Inc. (US)

·       ABB Ltd. (Switzerland)

·       Hubbell Incorporated (US)

·       Meister International LLC (US)

·       The H-J Family Of Companies (US)

Market segmentation

By type

Non-condenser type

Condenser type.

By voltage rating

170kV-245kV      

15kV-170kV 

245kV & above.

 By installation

Indoor

Outdoor

 By end-user

Industries

Utilities

Others

 Regional analysis

 The HV bushing market has been divided into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

Asia-Pacific is estimated to be the largest and the fastest-growing market, by region, during the predicted period. This is because of the rapid industrialization and urbanization in Japan, China, India, and other Southeast Asian countries. China is expected to dominate Asia-Pacific based on market share and growth rate.

The regions of Asia Pacific is expected to rise crucially over the estimated period and maintain its rank at the top of the HV bushing market. The European and North American regions are estimated to grow at a stable rate and claim similar growth paths. The ROW region, on the other hand, is predicted to garner inadequate growth over the estimated period.

Industrial news

Siemens energy to power China’s greater Bay area with low emission power generation technologies such as four advanced coupled cycle power units to support a sustainable energy supply in a main economic area.

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