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電力基礎設施

市場調查報告書

商品編碼

1622982

電氣套管市場規模：按類型、按絕緣子、按電壓、按應用、按最終用戶、按地區、範圍和預測

Electrical Bushings Market Size By Type, By Insulation, By Voltage, By Application, By End-user, By Geographic Scope And Forecast

出版日期: 2024年07月25日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄

電力套管市場規模及預測

2024 年電動套管市場規模價值 24.8 億美元，預計到 2031 年將達到 31.5 億美元，2024 年至 2031 年的複合年增長率為 3.36%。電氣套管是一種中空絕緣體，可使電導體安全地穿過導電屏障（例如變壓器外殼或斷路器），而不會發生電接觸。其主要作用是在帶電導體和接地金屬外殼之間提供電氣絕緣，從而確保在高電壓下安全操作。電氣套管在電力變壓器、斷路器、並聯電抗器、電容器等電氣設備中扮演重要角色。確保安全且有效率的電力傳輸。

電力套管的全球市場動態

影響電動套管市場的關鍵市場動態

主要市場驅動因子

全球電力需求不斷增加和基礎設施不斷擴大：

全球電力需求的不斷增長，推動了輸配電網的建設，從而增加了電氣套管的需求。根據國際能源總署 (IEA) 的數據，預計到 2040 年全球電力需求將每年增加 2.1%。根據國際能源總署的《2021年世界能源展望》，電力在最終能源消耗中的佔有率預計將從2020年的20%上升到2040年的26%，這需要大量的基礎設施投資，並增加對套管等電氣元件的需求。

越來越多採用再生能源：

向再生能源的過渡將需要新的和改進的電力基礎設施，例如套管。根據國際再生能源機構（IRENA）的數據，再生能源在全球能源發電中的佔有率將從2019年的27%增加到2020年的29%。根據IRENA的《全球再生能源展望：2050年能源轉型》，到2050年，再生能源可能佔總發電量的86%。這種轉變將需要對電網基礎設施和電氣元件進行大量投資，從而增加對電氣套管的需求。

已開發國家的電力基礎設施老化：

許多已開發國家都面臨電力基礎設施老化的課題，需要更換或升級。根據美國土木工程師學會2021年基礎建設報告卡，美國大型變壓器的平均使用年資為40年，其中70%的使用年資超過25年。這種老化的基礎設施迫切需要更換電氣套管等組件，以維護和提高電網可靠性。

主要問題

基礎設施老化：

世界各地的許多電力系統都已老舊，需要進行重大更新或更換。這種情況會導致維護成本和停機時間增加，從而阻礙對創新電動套管技術的投資。此外，用現代套管改造現有系統的複雜性正在減緩市場採用和擴張，因為公用事業公司可能優先考慮短期維護而不是長期改進。

原物料價格波動：

電氣套管市場受其生產所用原料（如瓷器、樹脂和金屬零件）價格波動的影響很大。價格波動會造成無法預料的生產成本，使得生產商難以維持有競爭力的價格。這種不確定性阻礙了新進業者的參與，同時也限制了現有企業投資研發創新套管解決方案的能力。

主要趨勢

使用環保材質：

在電氣套管的生產中，環保材料的使用越來越普遍。製造商越來越關注對環境影響較小的永續生產程序和材料。除了滿足監管標準外，該變速箱還滿足了消費者對更環保的電力傳輸技術日益增長的需求，並符合全球環境目標。

智慧電網技術整合：

電氣套管市場正經歷向智慧電網技術的重大轉變。這些創新將改善監控和診斷，使電力系統更加可靠和有效率。智慧套管配備感測器，可提供運作狀況的即時數據並實現預測性維護以減少故障的可能性，最終優化電網的整體性能。

擴大再生能源的使用：

隨著全球對再生能源的關注度日益提高，再生能源系統對電氣套管的需求也不斷增加。這一趨勢是由風能和太陽能發電設施數量的不斷增加所推動的，這些發電設施需要可靠的電氣元件來實現高效的能源傳輸。在各種應用中使用電氣套管可以幫助向更清潔的替代能源過渡，並提高我們電力基礎設施的可靠性。

Electrical Bushings Market size was valued at USD 2.48 Billion in 2024 and is projected to reach USD 3.15 Billion by 2031, growing at a CAGR of 3.36% from 2024 to 2031. An electrical bushing is a hollow insulator that allows an electrical conductor to safely pass past a conducting barrier, such as a transformer's casing or a circuit breaker, without making electrical contact. Its principal role is to provide electrical insulation between the live conductor and the grounded metallic casing, allowing for safe operation at high voltages. Electrical bushings play a crucial role in electrical equipment such as power transformers, circuit breakers, shunt reactors, and capacitors. They ensure safe and efficient power transfer.

Global Electrical Bushings Market Dynamics

The key market dynamics that are shaping the electrical bushings market include:

Key Market Drivers

Increasing Global Electricity Demand and Infrastructure Expansion:

The increasing global demand for electricity is pushing the construction of power transmission and distribution networks, which raises the demand for electrical bushings. According to the International Energy Agency (IEA), worldwide electricity demand is expected to increase by 2.1% each year until 2040. According to the IEA's World Energy Outlook 2021, the share of electricity in final energy consumption is predicted to rise from 20% in 2020 to 26% in 2040, necessitating significant infrastructure expenditures and increasing demand for electrical components such as bushings.

Rising Adoption of Renewable Energy Sources:

The transition to renewable energy sources necessitates the installation of new and improved electrical infrastructure, such as bushings. According to the International Renewable Energy Agency (IRENA), renewables accounted for 29% of worldwide energy generation in 2020, up from 27% in 2019. According to IRENA's "Global Renewables Outlook: Energy Transformation 2050," renewable energy might account for 86% of total electricity output by 2050. This transition necessitates significant investments in grid infrastructure and electrical components, which increases the need for electrical bushings.

Aging Power Infrastructure in Developed Countries:

Many developed nations are experiencing the challenge of outdated electricity infrastructure that requires replacement and upgrading. According to the American Society of Civil Engineers' 2021 Infrastructure Report Card, the average age of big power transformers in the United States is 40 years, with 70% being 25 years or older. This aging infrastructure generates a considerable need for replacement components, such as electrical bushings, to maintain and increase grid reliability.

Key Challenges:

Aging Infrastructure:

Many electrical systems around the world are ancient and need considerable updates or replacements. This condition results in higher maintenance costs and downtime, discouraging investment in innovative electrical bushing technologies. Furthermore, the complexity of retrofitting existing systems with contemporary bushings delays market adoption and expansion, since utilities may prioritize short-term maintenance over long-term improvements.

Volatile Raw Material Prices:

The electrical bushings market is heavily influenced by fluctuations in the prices of raw materials used in production, including porcelain, resin, and metal components. Volatile prices create unexpected manufacturing costs, making it difficult for producers to maintain competitive pricing. This uncertainty deters new entrants while limiting incumbent companies' capacity to spend in R&D for creative bushing solutions.

Key Trends:

Adoption of Environmentally Friendly Materials:

The use of environmentally friendly materials in the production of electrical bushings is becoming increasingly popular. Manufacturers are increasingly focused on sustainable production procedures and materials that have less environmental impact. This transition not only meets regulatory standards but also addresses increased consumer demand for greener power transmission technologies, which aligns with global environmental goals.

Integration of Smart Grid Technologies:

The electrical bushings market is experiencing a considerable shift toward the incorporation of smart grid technology. These innovations offer improved monitoring and diagnostics, hence increasing the dependability and efficiency of power systems. Smart bushings with sensors can offer real-time data on operational conditions, allowing for predictive maintenance and lowering the chance of failures, ultimately optimizing the overall performance of electrical networks.

Expansion in Renewable Energy Applications:

The global focus on renewable energy sources is increasing, as is the demand for electrical bushings in renewable energy systems. This trend is fueled by the growing number of wind and solar power facilities, which require dependable electrical components for efficient energy transmission. The use of electrical bushings in various applications aids in the shift to cleaner energy alternatives and increases the reliability of power infrastructure.

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Global Electrical Bushings Market Regional Analysis

Here is a more detailed regional analysis of the electrical bushings market:

Asia Pacific:

According to Verified Market Research, the Asia Pacific region is estimated to dominate in electrical bushings market during the forecast period. The Asia Pacific region is rapidly industrializing and urbanizing, resulting in major increases in electricity demand and infrastructure development. According to the Asian Development Bank (ADB), Asia's urban population is projected to increase from 1.84 billion in 2017 to 3.3 billion by 2050. The ADB also predicts that energy demand in the Asia-Pacific region will rise by almost 60% between 2010 and 2035. This surge in energy demand needs considerable power infrastructure expansion, which increases the demand for electrical components such as bushings.

Furthermore, the Asia Pacific region is leading the global investment in renewable energy, necessitating significant modifications to existing power grids as well as the installation of new transmission and distribution networks. According to the International Renewable Energy Agency (IRENA), Asia accounted for 64% of global new renewable energy capacity additions in 2020. In 2020, China alone added 136 GW of renewable capacity, accounting for more than half of the global total. The increasing expansion of renewable energy infrastructure is driving up demand for electrical bushings in the region.

Europe:

Europe region is estimated to exhibit significant growth during the forecast period. Much of Europe's electricity infrastructure is old and needs to be replaced or modernized. According to ENTSO-E, approximately 25% of the European high-voltage transmission system is more than 40 years old. In their "Ten-Year Network Development Plan 2020," ENTSO-E predicts that €93 billion in investments in the European power grid are required by 2030 to facilitate the energy transition. This aged infrastructure generates a substantial need for replacement parts, especially electrical bushings.

Furthermore, the rapid expansion of electric cars (EVs) in Europe is pushing the demand for improved power distribution networks and charging facilities. According to the European Automobile Manufacturers Association (ACEA), electric car registrations in the EU climbed by 110% between 2019 and 2020, totaling more than 1 million units. The European Commission hopes to see at least 30 million zero-emission automobiles on European roads by 2030. This growth needs major modifications to the power infrastructure and distribution systems, which raises the demand for electrical bushings and other components.

North America:

North America is estimated to exhibit substantial growth within the electrical bushings market during the forecast period. North America, particularly the United States, is facing issues from outdated electricity infrastructure, necessitating replacements and upgrades. According to the U.S. Department of Energy's Grid Modernization Multi-Year Program Plan, over 70% of power transformers are over 25 years old, and 60% of circuit breakers are older than 30 years. The American Society of Civil Engineers' 2021 Infrastructure Report Card forecasts that upgrading the United States' electric system will cost $208 billion by 2029. The aging infrastructure and modernization activities are pushing up demand for electrical components, particularly bushings.

Furthermore, North America's electricity demand is increasing, owing to the electrification of many industries. The National Renewable Energy Laboratory (NREL) projects that US electricity consumption would rise by up to 38% by 2050 compared to 2018 levels, owing primarily to electrification in transportation, buildings, and industry. According to the Edison Electric Institute, annual electric car sales in the United States are predicted to approach 3.5 million units by 2030, up from approximately 330,000 in 2019. The increased need for power and the trend toward electrification are pushing investments in grid infrastructure, particularly electrical bushings.

Global Electrical Bushings Market: Segmentation Analysis

The Electrical Bushings Market is segmented based on Type, Insulation, Voltage, Application, End-User, and Geography.

Electrical Bushings Market, By Type

Oil Impregnated Paper
Resin Impregnated Paper
Others

Based on Type, the market is segmented into Oil Impregnated Paper, Resin Impregnated Paper, and Others. The oil impregnated paper segment is estimated to dominate the electrical bushings market due to its great electrical performance, low cost, and high dielectric strength. This type of bushing is commonly utilized in transformer and switchgear applications that require high reliability and efficiency. Oil-impregnated paper bushings' popularity is due to their established manufacturing processes and proven track record of meeting the needs of modern electrical infrastructure reliably and affordably.

Electrical Bushings Market, By Insulation

Porcelain
Polymeric
Glass

Based on Insulation, the Electrical Bushings Market is segmented into Porcelain, Polymeric, and Glass. The porcelain segment is estimated to dominate the market over the forecast period due to porcelain's outstanding dielectric strength, mechanical endurance, and resilience to environmental conditions, which make it the best material for high-voltage applications. Porcelain bushings are commonly used in transformers and substations, where dependable insulation is essential for safety and performance. As infrastructure investments increase, demand for porcelain-insulated bushings is likely to stay high, maintaining the segment's market leadership.

Electrical Bushings Market, By Voltage

Medium
High
Extra-high

Based on Voltage, the market is divided into Medium, High, and Extra-high. The high-voltage segment is estimated to dominate the global market due to the growing need for high-voltage applications in power transmission and distribution systems, particularly transformers and switchgear. As worldwide energy consumption and infrastructure investments rise, high-voltage bushings become increasingly important in guaranteeing an efficient and dependable power supply, making them a crucial component of modern electrical networks.

Electrical Bushings Market, By Application

Transformer
Switchgear
Others

Based on Application, the market is segmented into Transformer, Switchgear, and Others. The transformer segment is estimated to lead this segment in the forecast period due to the crucial function transformers play in power transmission, where bushings are required for securely transporting high-voltage electricity while providing electrical insulation. Increased investments in transmission and distribution (T&D) networks, together with the rising need for dependable electrical infrastructure, are likely to drive the transformer segment's growth in the coming years.

Electrical Bushings Market, By End-User

Utilities
Industries
Others

Based on End-User, the market is segmented into Utilities, Industries, and Others. The utility segment is estimated to hold the majority share in the forecast period in the electrical bushings market due to utilities' vital role in power generation and distribution, which necessitates a large number of transformers and related equipment. As utilities invest in updating and extending their power grid infrastructure to meet increased electricity demand, the need for electrical bushings increases. This trend is projected to continue, reinforcing the utilities segment's market leadership.

Electrical Bushings Market, By Geography

North America
Europe
Asia Pacific
Rest of the World

Based on Geography, the Electrical Bushings Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is estimated to hold the largest share of the electrical bushings market due to increased industrialization, rising electricity demand, and considerable expenditures in renewable energy and infrastructural development. The region's increased emphasis on updating transmission and distribution networks drives up demand for electrical bushings, making it a key region for market growth and innovation in the next years.

Key Players

The "Electrical Bushings Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
ABB, Siemens, GE, Eaton, Nexans Bharat Heavy Electricals Limited, CG Power, and Industrial Solutions, Elliot Industries, and Gamma.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Electrical Bushings Market Recent Developments
In September 2023, CG Power, part of the Murugappa Group, announced plans to expand capacity across their plants in response to a strong order intake in Q2 2023. The development would increase manufacturing capacity for instrument transformers and condenser bushings in Nashik and large industrial machine units in Mandideep.
In April 2023, Eaton acquired a share in Jiangsu Ryan Electrical Co. Ltd., a manufacturer of power distribution and sub-transmission transformers. Eaton's strategic decision increases its position in worldwide markets, including energy, utility, and industrial sectors.

1 INTRODUCTION OF GLOBAL ELECTRICAL BUSHINGS MARKET

1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL ELECTRICAL BUSHINGS MARKET OUTLOOK

4.1 Overview
4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL ELECTRICAL BUSHINGS MARKET, BY TYPE

5.1 Introduction
5.2 Oil Impregnated Paper (OIP)
5.3 Resin Impregnated Paper (RIP)
5.4 Others

6 GLOBAL ELECTRICAL BUSHINGS MARKET, BY INSULATION

6.1 Introduction
6.2 Porcelain
6.3 Polymeric
6.4 Glass

7 GLOBAL ELECTRICAL BUSHINGS MARKET, BY VOLTAGE

7.1 Introduction
7.2 Medium Voltage (1 kV to 72.5 kV)
7.3 High Voltage (72.5 kV to 220 kV)
7.4 Extra High Voltage (> 220 kV)

8 GLOBAL ELECTRICAL BUSHINGS MARKET, BY APPLICATION

8.1 Introduction
8.2 Transformer
8.3 Switchgear
8.4 Others

9 GLOBAL ELECTRICAL BUSHINGS MARKET, BY END-USER

9.1 Introduction
9.2 Utilities
9.3 Industries
9.4 Others

10 GLOBAL ELECTRICAL BUSHINGS MARKET, BY GEOGRAPHY

10.1 Overview
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.2.3 Mexico
10.3 Europe
- 10.3.1 Germany
- 10.3.2 U.K.
- 10.3.3 France
- 10.3.4 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 Rest of Asia Pacific
10.5 Rest of the World
- 10.5.1 Latin America
- 10.5.2 Middle East

11 GLOBAL ELECTRICAL BUSHINGS MARKET COMPETITIVE LANDSCAPE

11.1 Overview
11.2 Company Market Ranking
11.3 Key Development Strategies

12 COMPANY PROFILES

12.1 ABB
- 12.1.1 Overview
- 12.1.2 Financial Performance
- 12.1.3 Product Outlook
- 12.1.4 Key Developments
12.2 Siemens
- 12.2.1 Overview
- 12.2.2 Financial Performance
- 12.2.3 Product Outlook
- 12.2.4 Key Developments
12.3 GE
- 12.3.1 Overview
- 12.3.2 Financial Performance
- 12.3.3 Product Outlook
- 12.3.4 Key Developments
12.4 Eaton
- 12.4.1 Overview
- 12.4.2 Financial Performance
- 12.4.3 Product Outlook
- 12.4.4 Key Developments
12.5 Nexans
- 12.5.1 Overview
- 12.5.2 Financial Performance
- 12.5.3 Product Outlook
- 12.5.4 Key Developments
12.6 Bharat Heavy Electricals Limited
- 12.6.1 Overview
- 12.6.2 Financial Performance
- 12.6.3 Product Outlook
- 12.6.4 Key Developments
12.7 CG Power and Industrial Solutions
- 12.7.1 Overview
- 12.7.2 Financial Performance
- 12.7.3 Product Outlook
- 12.7.4 Key Developments
12.8 Elliot Industries
- 12.8.1 Overview
- 12.8.2 Financial Performance
- 12.8.3 Product Outlook
- 12.8.4 Key Developments
12.9 Gamma
- 12.9.1 Overview
- 12.9.2 Financial Performance
- 12.9.3 Product Outlook
- 12.9.4 Key Developments