Electrical Bushing Market Analysis, Trends, Growth, Size and Future Outlook
Electrical Bushing Market Growth, Size, Trends Analysis - By Type, By Insulation, By Voltage, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: POAE2530 | Pages: 1 - 250 | Formats*: |
| Category : Power & Energy | |||
Electrical Bushing Market Introduction and Overview
According to SPER Market Research, the Global Electrical Bushing Market is estimated to reach USD 4.48 billion by 2034 with a CAGR of 4.51%.
The report includes an in-depth analysis of the Global Electrical Bushing Market, including market size and trends, product mix, Applications, and supplier analysis. The electrical bushing market was valued at USD 2.88 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 4.51% between 2025 and 2034. The growing need for energy for a range of uses, including as consumer electronics and electric vehicles (EVs), is driving the need for power generating and driving the electrical bushing business. The market is seeing a notable shift in favour of smart technology adoption. The increasing popularity of smart grids and the Internet of Things (IoT) has increased the demand for bushings that are not only reliable but also capable of real-time monitoring and diagnostics.
By Type Insights:
The market with the most revenue share in 2024 was dominated by the oil-impregnated paper (OIP) category. Because of their dependability and effectiveness in high-voltage applications, OIP electrical bushings are in high demand. Power transmission and distribution depend heavily on maintaining a constant flow of electricity across vast distances and under various situations. OIP bushings offer excellent insulation and thermal stability for high voltage control and safety. Circuit breakers, transformers, and other vital equipment are preferred to use them.
By Insulation Insights:
In 2024, the porcelain section had the largest revenue share based on insulation. Because of its durability and strength, porcelain-insulated bushings are used in electrical infrastructure for a long time. Bushings made of porcelain, a type of ceramic material, are guaranteed to function dependably over time due to its exceptional resistance to weathering, mechanical strains, and electrical stresses. In outdoor installations where bushings are exposed to extreme weather conditions such high temperatures, humidity, and pollution, this lifetime is particularly important.
By Voltage Insights:
The market's largest revenue share in 2024 belonged to the medium voltage segment. The need for medium-voltage electrical bushings, which range from 1 kV to 36 kV, is rising as a result of the expansion of urban and industrial infrastructure. Transformers, switchgear, and other devices that provide power to residences, workplaces, and industries depend on these bushings. The modernisation of outdated electrical networks in rich nations and the construction of new grids in emerging economies are also driving up demand for medium-voltage bushings.
By Application Insights:
In 2024, the transformer segment dominated the market with the most revenue share in terms of application. The growing demand for dependable power supply is a primary driver of market expansion in transformer applications. Transformers are key components of the power grid that increase or decrease voltage levels to allow for efficient electricity transmission and distribution. As worldwide energy consumption rises due to population expansion, urbanisation, and industrialisation, the requirement for strong and efficient transformers becomes increasingly vital.
Regional Insights:
In 2024, the electrical bushing market in Asia Pacific is anticipated to have the largest worldwide revenue share. Rapid urbanisation and industrialisation are making this area a major market. The low labor costs are encouraging the export of electrical bushing products to other areas. There is significant investment in renewable energy projects to support rising energy demands and meet environmental goals. Advanced bushings are needed to integrate these renewable sources into the power grid. Additionally, the rapid shift to electric vehicles is creating valuable opportunities in the market.
Market Competitive Landscape:
The market for electrical bushings is extremely competitive, with a few major firms dominating the sector. ABB Group, TRENCH Group (SIEMENS), General Electric, Eaton, Toshiba, Webster-Wilkinson, Siemens, and Nexans are a few of the major companies. The market is highly competitive, with several important competitors driving innovation and growth. Major players in this industry are investing extensively in R&D to improve the performance, cost-effectiveness, and sustainability of their goods.
Recent Developments:
In December 2023, Yash Highvoltage Insulators Pvt. Ltd. added a 245 kV OIP transformer bushing to their lineup. This innovation improves its current transformer bushing range, which comprises resin impregnated synthetic (RIS) bushings.
Siemens introduced SIBushing in April 2023, an improved cable connection bushing that boosts performance and intelligence. Compared to conventional instrument transformer technologies, it reduces power consumption while offering superior transparency and accurate system measurements.
In April 2023, Eaton stated that it will acquire Jiangsu Ryan Electrical Co. Ltd., a developer of power distribution systems and sub-transmission transformers, to increase its market share and solidify its position in the utility, energy, and industrial sectors.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Insulation, By Voltage, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | ABB Group, TRENCH Group (SIEMENS), General Electric, Eaton, Elliot Industries, Gipro GMBH, RHM International, Toshiba, Webster-Wilkinson, Siemens, Nexans. |
Key Topics Covered in the Report:
- Global Electrical Bushing Market Size (FY’2021-FY’2034)
- Overview of Global Electrical Bushing Market
- Segmentation of Global Electrical Bushing Market By Type (Oil Impregnated Paper, Resin Impregnated Paper, Others)
- Segmentation of Global Electrical Bushing Market By Insulation (Porcelain, Polymeric, Glass)
- Segmentation of Global Electrical Bushing Market By Voltage (Medium Voltage, High Voltage, Extra-High Voltage)
- Segmentation of Global Electrical Bushing Market By Application (Transformer, Switchgear, Others)
- Statistical Snap of Global Electrical Bushing Market
- Expansion Analysis of Global Electrical Bushing Market
- Problems and Obstacles in Global Electrical Bushing Market
- Competitive Landscape in the Global Electrical Bushing Market
- Details on Current Investment in Global Electrical Bushing Market
- Competitive Analysis of Global Electrical Bushing Market
- Prominent Players in the Global Electrical Bushing Market
- SWOT Analysis of Global Electrical Bushing Market
- Global Electrical Bushing Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4.Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Electrical Bushing Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electrical Bushing Market
7. Global Electrical Bushing Market, By Type (USD Million) 2021-2034
- 7.1. Oil Impregnated Paper (OIP)
- 7.2. Resin Impregnated Paper (RIP)
- 7.3. Others
8. Global Electrical Bushing Market, By Insulation (USD Million) 2021-2034
- 8.1. Porcelain
- 8.2. Polymeric
- 8.3. Glass
9. Global Electrical Bushing Market, By Voltage (USD Million) 2021-2034
- 9.1. Medium Voltage
- 9.2. High Voltage
- 9.3. Extra-High Voltage
10. Global Electrical Bushing Market, By Application (USD Million) 2021-2034
- 10.1. Transformer
- 10.2. Switchgear
- 10.3. Others
11. Global Electrical Bushing Market, (USD Million) 2021-2034
- 11.1. Global Electrical Bushing Market Size and Market Share
12. Global Electrical Bushing Market, By Region, (USD Million) 2021-2034
- 12.1. Asia-Pacific
- 12.1.1. Australia
- 12.1.2. China
- 12.1.3. India
- 12.1.4. Japan
- 12.1.5. South Korea
- 12.1.6. Rest of Asia-Pacific
- 12.2. Europe
- 12.2.1. France
- 12.2.2. Germany
- 12.2.3. Italy
- 12.2.4. Spain
- 12.2.5. United Kingdom
- 12.2.6. Rest of Europe
- 12.3. Middle East and Africa
- 12.3.1. Kingdom of Saudi Arabia
- 12.3.2. United Arab Emirates
- 12.3.3. Qatar
- 12.3.4. South Africa
- 12.3.5. Egypt
- 12.3.6. Morocco
- 12.3.7. Nigeria
- 12.3.8. Rest of Middle-East and Africa
- 12.4. North America
- 12.4.1. Canada
- 12.4.2. Mexico
- 12.4.3. United States
- 12.5. Latin America
- 12.5.1. Argentina
- 12.5.2. Brazil
- 12.5.3. Rest of Latin America
13. Company Profile
- 13.1. ABB Group
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. TRENCH Group (SIEMENS)
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. General Electric
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Eaton
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. Elliot Industries
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. Gipro GMBH
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. RHM International
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Toshiba
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. Webster-Wilkinson
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Siemens
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Nexans
- 13.11.1. Company details
- 13.11.2. Financial outlook
- 13.11.3. Product summary
- 13.11.4. Recent developments
- 13.12. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Electrical Bushing Market is projected to reach USD 4.48 billion by 2034, growing at a CAGR of of 4.51% during the forecast period.
Electrical Bushing Market grew in Market size from 2025. The Market is expected to reach USD 4.48 billion by 2034, at a CAGR of 4.51% during the forecast period.
Electrical Bushing Market CAGR of 4.51% during the forecast period.
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Electrical Bushing Market size is USD 4.48 billion from 2025 to 2034.
Electrical Bushing Market is covered By Type, By Insulation, By Voltage, By Application
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Electrical Bushing Market.
ABB Group, TRENCH Group (SIEMENS), General Electric, Eaton, Elliot Industries, Gipro GMBH, RHM International, Toshiba, Webster-Wilkinson, Siemens, Nexans.
The report includes an in-depth analysis of the Global Electrical Bushing Market, including market size and trends, product mix, Applications, and supplier analysis.
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