The global electrical bushings market is projected to grow at a CAGR of 3.86%, from 2018 to 2023. In 2017, Asia Pacific was the largest market for electrical bushings, followed by Europe and North America. The growth of the electrical bushings market is mainly driven by rising electrical network expenditure and the increasing demand for electrical equipment from end-users such as railways and renewables. The electrical bushings market is dominated by a few global players. The key players operating in this market include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Nexans (France). The other players in the market include BHEL (India), CG Power (India), Elliot Industries (US), Gamma (Colombia), GIPRO GmbH (Austria), Hubbell (US), Polycast International (Canada), RHM International (US), Toshiba (Japan), and Webster-Wilkinson (UK).
The major strategies adopted by the players in the electrical bushings market from 2013 to 2017 include contracts & agreements, new product launches, expansions, mergers & acquisitions, and partnerships. New product launches was the most commonly adopted strategy from 2013 to 2017. Contracts & agreements was the second most widely followed strategy during the same period.
ABB (Switzerland) is one of the leading power and automation technology companies that offers a wide range of products, services, and systems to various end-users such as the utilities, infrastructure, and transportation sectors. The company operates through 4 segments, namely, power grids, electrification products, process automation, and discrete automation and motion. ABB offers electrical bushings through its power grids division, which accounted for 30.8% of the company’s total net sales in 2016. The power grids division caters to the transmission and distribution utilities, industrial, transportation, and infrastructure sectors. ABB has adopted new product launches as its key strategy. In June 2016, ABB received a contract worth USD 300 million to develop the 1,100 kV UHVDC Changji-Guquan transmission link in China. The purpose of the contract was to supply advanced converter transformers, HVDC converter valves, DC circuit breakers, wall bushings, tap changers, and capacitors. In May 2017, ABB introduced a direct current (DC) transformer bushing for an ultra-high voltage direct current (UHVDC) transmission link project. This 1,100 kV DC bushing is supplied to Changji-Guquan UHVDC transmission link in China. This UHVDC transmission link transmits 12,000 MW of hydro-generated electricity at 1.1 million V (1,100 kV DC) over a distance of 3,000 kilometers.
Siemens (Germany) is one of the largest industrial manufacturing companies in providing electrification, automation, and digitization activities across the globe. The company operates through 8 business segments, namely, power and gas, wind power and renewables, energy management, building technologies, mobility, digital factory, process industry and drives, and healthcare. Siemens offers bushings through 2 of its subsidiaries, namely, HSP and Trench. These subsidiaries provide an extensive range of bushing products for gas insulated switchgear (GIS), power transformers, buildings, testing equipment, generators, railway systems, high voltage direct current (HVDC), and many other applications. Some of Siemens’s subsidiaries are Dresser-Rand (Germany), Gamesa Energie (Germany), Trench Austria (Austria), HSP (Germany), and Siemens Transmission & Distribution (UK). Siemens adopted both contracts & agreements and new product launches as its major strategies in the electrical bushings market. In August 2014, HSP, a Siemens company, received a contract from TransnetBW (Germany) to supply vegetable oil-insulated bushings for a 420 kV vegetable oil transformer for its Bruchsal substation. The vegetable oil-insulated bushings are based on rapeseed, soya, or sunflower oils and, therefore, more environmentally friendly and less flammable than mineral and silicone oils. In November 2013, Trench, a Siemens company, introduced bushings in oil technology (OIP) certified by the Federal Grid Company of United Energy Systems (FGC UES). This certification covers the full range of oil-air transformer bushings (COT type) with a basic insulation level (BIL) of 1550 kV to 1800 kV and a rated current of 800 A to 2500 A. This certification is a necessary condition to sell bushings in Russia and is valid until 13 March 2019.
Electrical Bushings Market by Type (Oil Impregnated Paper, Resin Impregnated Paper), Insulation (Porcelain, Polymeric, Glass), Voltage (MV, HV, EHV), Application (Transformer, Switchgear), End-User (Utilities, Industries), & Region-Global Forecast to 2023
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