HV Bushing Market Overview and Analysis about Manufacturing Cost Structure: Industry Forecast 2023

Global HV Bushing Market Information Report by Type (Condenser Type and Non-Condenser Type), by Voltage Rating (15kV-170kV, 170kV-245kV and 245kV & above), by Installation (Indoor and Outdoor), by End User (Utilities, Industries, and Others) and by Region - Global Forecast to 2023.

Market Scenario:

An HV Bushing is mainly used in an electrical equipment, where it is means for passing an electrical conductor through a grounded object without causing short circuit. As the electrical strength varies in the conductor due to frequency fluctuation, leakage paths may develop within the insulation. If this leakage overcomes the dielectric strength of the insulation, it may puncture the insulation and permits the current to conduct the nearest earthed material causing burning and arching. The Global HV Bushing Market is driven by the increasing need of reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.

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Bushings are widely accepted across the world in various industrial & commercial sectors as safety devices. A bushing is usually a hollow ceramic tube, through which conductor passes. Bushing provides rigid support to the conductors from inside. Bushings are primarily found in circuit breakers, alternators, motors and capacitors. Also, HV Bushings are filled with insulating media such as oil, resin impregnated paper, and oil impregnated paper to provide greater dielectric strength which makes them permeable for installation in various utilities and in the industrial sector. The constant need for electricity and the worldwide growth in grid infrastructure, will aid in the growth of Global HV bushing Market over the forecast period. However, Fluctuation in material costs and R&D in modern HV Bushing are expected to restrain the Global HV Bushing Market.

The market is expected to grow at a CAGR of 6.5% during the forecast period.

Key Players:

The key players of Global HV Bushing Market are

General Electric (U.S.)
Siemens AG (Germany)
Crompton Greaves (India)
Hubbell Incorporated (U.S)
Webster-Wilkinson Ltd. (U.K)
Warco, Inc. (U.S)
ABB Ltd. (Switzerland)
Meister International
LLC (U.S)
The H-J Family of Companies (U.S)
ELANTAS GmbH (Germany)

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Global HV Bushing Market:

The Global HV Bushing Market is driven by the need for reliable electric supply, maximum safety in transmission & distribution network, and also investments into the replacement of matured electric grid structures with modern upgraded ones. The Asia-Pacific region is the leading market for HV bushings. Rapid industrialization, urbanization, and the fast economic growth in countries such as India and China, will drive the market for HV bushings.

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