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Transformer Bushings Market: Overview

In transformer, a bushing is an insulated device that allows an electrical conductor to pass safely through a grounded conducting barrier. The term ‘bushing’ has been derived from the word ‘bush.’ Bushings are typically made from porcelain. Besides bushing, other types of insulations are also used in transformers. A typical bushing design contains a conductor, usually made of copper or aluminum, surrounded by insulation, except for the terminal ends. Bushings are primarily used in high voltage transformers. Bushings are costly accessories of a transformer. Transformer bushing provides an effective insulation between line conductor and earth (tank).

Transformer bushing is an indispensable part of electric power transmission equipment. It is an insulated device that facilitates the transfer of current carrying conductor through an earthed conducting obstacle. Transformer bushings are often the prominent cause of transformer failures. In order to avoid failure and loss, manufacturers strive to develop reliable, cost-efficient, and durable transformer bushings. Rise in order intake of gas insulated transformers for gas insulated substations (GIS) is expected to propel the demand for transformer bushings during the forecast period.

Transformer Bushings Market: Trends & Demands

Increase in need for enhancement of electrical power grid reliability, rapid urbanization, and rise in industrialization are the key factors driving the transformer bushings market. Significant urbanization is propelling the demand for power infrastructure. This, in turn, is expected to augment the transformer bushings market during the forecast period. Demand for transformer bushings is anticipated to remain lucrative during the forecast period owing to the enhancement of electrical transmission lines coupled with investments in gas insulated substations (GIS) and gas insulated transformers (GIT) in most countries. More than 20% of transformer failure occurs due to bushing failure. Thus, manufacturers of bushings are striving to develop reliable, cost-efficient, and durable transformer bushings.

Transformer Bushings Market: Key Segments

The global transformer bushings market can be segmented based on type, application, voltage, and region. In terms of type, the market can be bifurcated into AC and DC transformer. In terms of application, the market can be divided into oil-oil transformer bushings, oil-air transformer bushings, and oil-gas transformer bushings. Based on voltage, the market can be segregated into low voltage (LV) transformer, high voltage (HV) transformer, and extra-high voltage (EHV) transformer.

Transformer Bushings Market: Regional Outlook

Based on region, North America holds major share of the global transformer bushings market. The U.S. has been one of the key users of transformer bushings in air/gas insulated substations. AusNet plans to replace 220 kV and 500 kV bushings during 2016 to 2021. In terms of value, this is estimated to boost the market in Australia. Global dynamics of the transformer bushings market can be different than those of the transformer market due to various factors such as different replacement rates and lead times of different capacity-based transformers. In Asia Pacific, countries such as China and India has been active in terms of investments in substation infrastructure. Middle East & Africa and Latin America are likely to be the major importers of transformers as well as bushings. Rise in demand for electricity without any breakdown or failure is expected to propel the demand for transformers bushings in these regions.

Transformer Bushings Market: Key Players

Key players operating in the global transformer bushings market include ABB, Alstom, Megger Group Limited, GE, and Siemens AG. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

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10. What will be the barrier to entry for new players in the market?

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Transformer Bushings Market

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