Transformer bushing is an indispensable part of electric power transmission equipment utilized to operate reliably and safely. It is an insulated device that facilitates the transfer of current carrying conductor through an earthed conducting obstacle. Transformer bushings are often attributed as a prominent cause of transformer failures. In order to avoid the failure and loss, manufacturers strive to develop reliable, cost-efficient and durable transformer bushings.
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.
According to this study, over the next five years the Transformer Bushings market will register a 4.0% CAGR in terms of revenue, the global market size will reach US$ 440 million by 2024, from US$ 360 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Transformer Bushings business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Transformer Bushings market by product type, application, key manufacturers and key regions and countries.
This study considers the Transformer Bushings value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Solid Type
Resin Impregnated Paper
Oil Impregnated Paper
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industry
Commercial
Residential
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Siemens
ABB
General Electric
Cedaspe
Hubbell
Nanjing Electric HV Bushing
Ankara Seramik A.S
Preis Group
MGC Moser-Glaser AG
ARTECHE Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Transformer Bushings consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Transformer Bushings market by identifying its various subsegments.
Focuses on the key global Transformer Bushings manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Transformer Bushings with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Transformer Bushings submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Transformer Bushings. Industry analysis & Market Report on Transformer Bushings is a syndicated market report, published as Global Transformer Bushings Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Transformer Bushings market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.