Global Non-Volatile Memory Market Research Report: Forecast to 2023

HV Bushing Market Research

Report: Global Forecast till
2025

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

Summary

The global HV Bushing market is expected to grow in the coming years per the report published by the
team of Market Research Future (MRFR). The global market is driven by the following factors: a consistent
and imperative need for a reliable electric supply, continuous investments made in transmission and
distribution network, development of safe electrical infrastructure, and an expansion of the grid. The report
mentioned that the global HV bushing market is projected to grow during the forecast period at a CAGR
of 6.5%. The valuation of the market is also expected to massively grow and reach an impressive figure till
the end of the forecast period in 2023.
HV Bushing is primarily used in an electrical equipment for passing an electrical conductor via a grounded
object. This is done so without causing any short circuit. Owing to the fluctuations in frequency, the
electrical strength can vary in the conductor. This can lead to leakage paths getting developed within the
insulation. If, by chance, the leakage surpasses the dielectric strength of the insulation, the insulation can
be punctured and current will be conducted to the nearest earthed material. This can thereby cause burning
and arching.
Growing electricity demand coupled with the growing concern for safe transmission & distribution of
electricity and the increasing grid infrastructure, will boost the Global HV Bushing Market size over the
forecast timeline. The unique property of HV bushing to resist the electrical field strength produced in the
insulation, would make them convenient for various applications. The Global HV Bushing Market is driven
by the increasing need of reliable electric supply & subsequent investment in transmission & distribution
network, grid expansion, and developing safe electrical infrastructure.

Competitive Landscape

The global HV bushing market includes the following key players as was identified by MRFR in its report:
Webster-Wilkinson Ltd. (U.K), Crompton Greaves (India), General Electric (U.S.), Warco, Inc. (U.S),
Siemens AG (Germany), Meister International, LLC (U.S), Hubbell Incorporated (U.S), The H-J Family
of Companies (U.S), ABB Ltd. (Switzerland), and ELANTAS GmbH (Germany). The players in the HV
bushing market are making significant contributions to boost their positioning in the competitive landscape.

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

Market Trends

Bushings are accepted across the globe in various sectors, both commercial and industrial, as safety
devices. Bushing offers rigid support to the conductors from the inside. These are majorly found in circuit
breakers, motors, alternators, and capacitors. Additionally, HV bushings are filled with insulating medias
like resin impregnated paper, oil, and oil impregnated paper to offer greater dielectric strength. It makes
them permeable for installation across various utilities and particularly in the industrial sector. It was
reported by MRFR that the growing need for electricity and the overall growth of grid infrastructures are
expected to drive the market of HV bushing. However, concerns related to the fluctuating material costs
and R&D in modern HV bushing can be a major hamper to the global HV bushing market.

Market Segmentation

The global HV bushing market segmentation is done in terms of the following dynamics: installation, type,
voltage rating, and end-user.
By type, the market includes non-condenser type and condenser type.
By voltage rating, the market comprises 170kV-245kV, 15kV-170kV, and 245kV & above.
By installation, the market segments into indoor and outdoor installation.
By end-user, the market includes industries, utilities, and others.

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

Regional Analysis

The global HV bushing market covers the following region in the geographical segmentation: Asia Pacific,
North America, Europe, and the Rest of the World (RoW).
Among them, the Asia Pacific region holds the leading position in the market. The growth of the region is
due to the fast-paced industrialization, urbanization, and the rapid economic growth that is being witnessed
across nations like India and China.
The Asia Pacific region is expected to grow considerably over the forecast period and maintain its position
at the top of the HV bushing market. Elsewhere, the European and North American region are expected to
grow at a steady pace and boast similar growth trajectories. The ROW region, on the other hand, is expected
to garner meagre growth over the forecast period.

Industry Related News

May 2019, it was revealed by HV Bushing Services that it has recently moved its site to a new location that
will boast large facilities and have a large enough yard area.

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.

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