PUBLISHER: Grand View Research | PRODUCT CODE: 1554212
PUBLISHER: Grand View Research | PRODUCT CODE: 1554212
The global HV bushing market size was estimated at USD 720.89 million in 2023 and is expected to grow at a CAGR of 2.5% from 2024 to 2030. The primary drivers of the market are the growing demand for electricity, modernization of existing electrical infrastructure, and rapid urbanization in developing countries. The increasing population and rising power consumption per capita fuel the need for a stable and reliable power distribution supply.
Electrical bushings are essential components that ensure the safe and continuous transmission of electricity through various electrical apparatuses, such as transformers, circuit breakers, and power capacitors. Additionally, the expansion and upgradation of grid structures, along with the increasing focus on renewable energy sources, are expected to create significant opportunities for the HV bushing market.
Global HV Bushing Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global HV bushing market report based on the type, installation, end use, and region: