Glass Insulated Electrical Bushing Market Analysis

Voltage (Medium Voltage, High Voltage, Extra High Voltage)

Through the crucial contribution to ensuring safe and efficient energy transmission over long distances, the high voltage segment is likely to dominate with 51.6%. The growth of industrialization, urbanization, integration of renewables, and an ever-growing demand for energy increases the need for high-voltage infrastructure. Moreover, high-voltage direct current (HVDC) transmission systems are preferred for linking offshore wind farms with long-distance renewable energy projects to the grid. Additionally, the modernization of power grids prioritizes improving efficiency and minimizing maintenance frequency.

Furthermore, the shift towards electrification in industries such as transportation and automotive for electric vehicles also aims to heighten investment in high-voltage infrastructure in both developed and developing regions. For instance, in April 2024, HUBBELL Power Systems, which offers exceptional customer service, introduced the new high-voltage oil-free PRC bushings which render our clients with better options to meet their bushing needs.

End user (Industries, Utility, Others)

The utility segment in the glass insulated electrical bushing market is expected to be dominant as it is essential for the generation, transmission, and distribution of energy. As energy consumption increases, utilities are pouring investments into upgrading and developing the power grid to increase supply in potentially expanding and urbanized areas. Furthermore, large-scale renewable energy projects need robust, high-voltage transmission systems, and hence, glass-insulated bushings become a crucial item in handling the higher voltages required for long-distance power transmission. Besides, grid modernization initiatives, especially within the developed economies, focus on upgrading aging infrastructure.

In addition, utilities face regulatory pressures for maintaining grid reliability and cutting down transmission losses, thereby compelling them to embrace the finest technologies, glass-insulated electrical bushings being one of them to enhance performance as well as effectiveness. While various industries such as manufacturing, petrochemicals, and mining scale up the scope of utility-driven projects such as national grid expansion, and renewable energy integration. Thus, the segment of utilities is likely to unfold more opportunities during the forecast period.

Our in-depth analysis of the glass insulated electrical bushing market includes the following segments