Electrical Bushing Market Report and Forecast 2025-2034

The global electrical bushing market size reached nearly USD 3.20 Billion in 2024. The market is projected to grow at a CAGR of 4.30% between 2025 and 2034 to reach a value of around USD 4.88 Billion by 2034.

Key Trends in the Market

Electrical bushing refers to an electrical component which is used to carry high voltage current through equipment enclosures. These enclosures may consist of apparatus such as transformers, circuit breakers, shunt reactors, or power capacitors, among others. Electrical bushings are typically made up of porcelain, however other insulating materials can also be used.

• The electrical bushing market growth is driven by the increasing demand for electricity, triggered by rapid industrialisation, especially across emerging economies, and the growing population. In addition to this, governments of various countries are taking measures to upgrade and modernise existing power infrastructure.
• Technological advancements, coupled with innovations in electrical bushing systems are some of the key electrical bushing market trends. Composite bushings, non-metallic split bushings, split grounding bushings, and cable bushings, among others, are some of the critical innovations which have supported the market, enabling it to cope with evolving customer requirements.
• The increasing stringency of regulatory standards by various governments to ensure safety, reliability, and security in the utility sector is further aiding the electrical bushing market demand. In line with this, grid modernisation initiatives are increasing in regions like Latin America and the Asia Pacific.

Electrical Bushing Market Segmentation

The report titled “Electrical Bushing Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

• Oil Impregnated Paper (OIP)
• Resin Impregnated Paper (RIP)
• Others

Market Breakup by Voltage:

• Medium Voltage (1 KV to 72.5 KV)
• High Voltage (72.5 KV to 220 KV)
• Extra High Voltage (> 220 KV)

Market Breakup by Insulation:

• Porcelain
• Polymeric
• Glass

Market Breakup by Application:

• Transformer
• Switchgear
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by Application

Transformers account for a significant portion of the electrical bushing market share. Bushing is an important accessory of a transformer that offers an effective and efficient insulation between line conductor and tank. Transformer bushing also provides insulation between outgoing conductors and slots which is not possible using simple arrangements. Increasing power demands due to rising investments in infrastructure development projects and upgradation of grid structures are further bolstering the requirement for electrical bushings.

Market Share by Region

As per the electrical bushing market analysis, the Asia Pacific holds a significant share of the market. The rising demand for power across the region, fuelled by growing urbanisation and industrialisation, and increasing population, is leading to the expansion of power transmission and distribution networks. Moreover, the rapid electrification of rural areas across emerging economies is escalating the market demand. The increasing emergence of power generation projects in various countries across the Asia Pacific is further supporting the market expansion in the region.

Competitive Landscape of Electrical Bushing Industry

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global electrical bushing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

General Electric Company

General Electric Company is a multinational company which offers bushings for electrical transmission with high value benefits. The company offers specialised solutions related to different industry verticals including renewable energy, power, and aerospace, among others. General Electric company was founded in 1892 and is headquartered in Massachusetts, United States.

ABB Ltd.

ABB Ltd. is one of the renowned technology leaders that offers innovative solutions in the electrification and automation domain. The company aims to provide a sustainable and resource-efficient future to its end users. The company was founded in 1988 and is headquartered in Zurich, Switzerland.

Siemens AG

Siemens AG is a leading technology company that offers technical expertise as well as state-of-art solutions in fields ranging from IT and finance to energy and power distribution. The company was founded in 1847 and is headquartered in Berlin and Munich, Germany.

Other market players include Hitachi Ltd., Hubbell Inc., CG Power and Industrial Solutions Ltd., Eaton Corporation Plc, GIPRO GmbH, Webster-Wilkinson Ltd., RHM International, LLC, and POLYCAST International, among others.