About HV Bushing
A HV bushing is an electrical component used in high-voltage electrical systems. It is designed to insulate, protect, and support high-voltage conductors, such as power cables or transmission lines. HV bushings are essential components in the safe and efficient transmission of electrical energy in various applications, including power plants, substations, and distribution networks. The HV bushing market is expected to continue growing due to the increasing demand for high-voltage electrical systems in various sectors, technological advancements, and stricter safety regulations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global HV Bushing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Siemens (Germany), General Electric (United States), Eaton (Ireland), Nexans (France), Triton (United Kingdom), Hitachi, Ltd. (Japan), Sumitomo Electric Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan) and LS Cable & System (South Korea) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are NKT Cable International (Denmark), Toshiba Corporation (Japan), KYOCERA Corporation (Japan), LARSEN & TOUBRO LIMITED (India) and Huadong Power Cable (China).
Segmentation Overview
AMA Research has segmented the market of Global HV Bushing market by Type (Condenser and Non-Condenser), Application (Transmission lines, Distribution networks, Substations, Power plants and Others) and Region.
On the basis of geography, the market of HV Bushing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Insulation, the sub-segment i.e. Porcelain Insulation will boost the HV Bushing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Oil-Impregnated Paper (OIP) Bushings will boost the HV Bushing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. 15kV-170kV will boost the HV Bushing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in Technology
Market Growth Drivers:
Expansion of the Power Grid and Increasing Renewable Energy Integration
Challenges:
Competition from Alternative Technologies
Restraints:
Stringent Regulations and Standards Regarding Safety
Opportunities:
Growing Industrialization in Emerging Economies and Investments in Research and Development
Market Leaders and their expansionary development strategies
In November 2023, Triton Fund V advised by Triton announced it has agreed on terms to acquire Siemens Energys Trench business. They focused to acquire market leading companies with high growth potential and a technological edge. Triton has a strong understanding and expertise of high voltage electrical equipment businesses based on previous experience in the sector and its investments in companies such as EQOS and Sediver.
In June 2023, Hitachi Energy has launch of the EasyDry HV Bushing, The company presented its latest innovations in Transformers Insulation and Components, offering interactive sessions with experts and hosting a product launch on the latest addition to the bushing portfolio
Key Target Audience
Manufacturer, Government Bodies, Research Center, Regulatory Authorities, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.