The multinational Transformer Bushings market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
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.
In the global Transformer Bushings market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In market segmentation by manufacturers, the report covers the following companies-
Siemens
ABB
General Electric
Cedaspe
Hubbell
Nanjing Electric HV Bushing
Ankara Seramik A.S
Preis Group
MGC Moser-Glaser AG
ARTECHE Group
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types :
Solid Type
Resin Impregnated Paper
Oil Impregnated Paper
In market segmentation by applications :
Industry
Commercial
Residential
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Transformer Bushings market for the forecast period 2020 - 2025?
• What are the driving forces in the Transformer Bushings market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Transformer Bushings industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?