Global Transformer Bushings Market Is Projected To Grow From An Estimated USD 358.80 Million In 2018

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The global Transformer Bushings market is projected to grow from an estimated USD 358.80 million in 2018 to USD 479.18 million by 2025, at a CAGR of 4.22% from 2018 to 2025. The market is anticipated to grow due to several factors such as Rapid urbanization and significant growth in industrialization.

Rapid urbanization and significant growth in industrialization are the pre-eminent factors responsible to aid the growth of transformer bushings market. Additionally, the spurring urbanization is underpinning the demand growth for the need of power infrastructure thus bolstering the transformer bushings market during the forecast period. Transformers bushings market is forecast to remain lucrative in the foreseeable future owing to the enhancement of electrical transmission lines in the majority of countries.

Another reason driving the global transformer bushings market is the need for enhancing electrical power grid reliability. Significant fleet expansion and broadening of the rail network in various regions are expected to increase the demand for transformer bushings in railway networks owing to rapidly increasing passenger count. Investments in the power sector to address chronic electricity shortages are expected to drive the global transformer bushings market. A transformer has a service life of more than 40 years. However, the transformer bushings have to be replaced after fixed interval of time because the faulty transformer bushings may lead to damage of the transformer. Consequently, replacement activities of transformer bushings are expected to drive the global transformer bushings market.

In the upcoming years, maturity of the electric power sector in terms of expansion in developed countries is anticipated to slow down the demand growth of transformer bushings. Many of the transformer bushings manufacturers are developing components with optimum life cycle and striving to enhance the material quality. Moreover, fire risk associated with some of the transformer bushings material may hamper the overall market.

With increasing focus by the Chinese government to expand its pre-existing electricity generation system, the power sector is expected to remain prolific in the forthcoming years. Demand for high voltage transformer bushings is set to foresee significant growth. Expansion of High-speed rail network in China in order to boost the economic growth is anticipated to aid the growth of transformer bushings market. The aforementioned factor is anticipated to emanate the demand for transformer bushings. ASEAN also recognized the growing electricity demand and thus, the countries have been spending on resilient electricity infrastructure in order to stimulate regional economic growth.

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This report focuses on the Transformer Bushings in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.

Market Segment by Manufacturers, this report covers  
Kotte Landtechnik
SAMSON AGRO
Vredo Dodewaard bv
Bauer
ANNABURGER Nutzfahrzeug
PEECON
Slurry Kat
JOSKIN
PICHON
BOSSINI
Enorossi
WIELTON
Agrimat
MIRO
Rolland Anhänger
JEANTIL
Fliegl Agrartechnik
Conor Engineering
Mauguin Citagri
Fimaks Makina

Market Segment by Type, covers
Single-Axle
2 Axles
3 Axles
Other

Market Segment by Applications, can be divided into
Agriculture
Industry

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Related Information:
North America Transformer Bushings Market Research Report 2019
United States Transformer Bushings Market Research Report 2019
Asia-Pacific Transformer Bushings Market Research Report 2019
Europe Transformer Bushings Market Market Research Report 2019
EMEA Transformer Bushings Market Market Research Report 2019
Global Transformer Bushings Market Market Research Report 2019
China Transformer Bushings Market Market Research Report 2019

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