Electrical Bushing Market to Reach USD 6.12 Billion by 2034, Growing at 5.59% CAGR (2026-2034)
The global electrical bushing market is driven by grid expansion and renewables, reaching USD 6.12 billion by 2034 at a CAGR of 5.59%.
PUNE, MAHARASHTRA, INDIA, February 4, 2026 /EINPresswire.com/ -- According to Fortune Business Insights, the global electrical bushing market was valued at USD 3.78 billion in 2025 and is projected to grow from USD 3.96 billion in 2026 to USD 6.12 billion by 2034, registering a CAGR of 5.59% during the forecast period (2026–2034).Electrical Bushing Market Overview
The global electrical bushing market is a critical segment of the power transmission and distribution ecosystem, enabling the safe passage of high-voltage electrical conductors through grounded barriers such as transformer tanks, switchgear enclosures, and circuit breaker housings. Electrical bushings serve both as electrical insulation and as mechanical support, ensuring safe and reliable power flow across grid infrastructure.
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Market Segmentation
By Insulation Type
OIP bushings dominated the market in 2025, accounting for 63.24% of total market share. These bushings are widely used in high-voltage transformers and switchgear due to their proven reliability, strong dielectric performance, and long service life. Utilities continue to rely on OIP bushings for traditional high-voltage applications.
By Insulation Material
Porcelain dominated the market in 2025 with a 49.08% market share, due to its high dielectric strength, thermal stability, and long-term durability in substation and transmission applications. Porcelain bushings remain widely used in traditional grid infrastructure.
Polymer insulation is projected to grow at the fastest CAGR of 6.63%, supported by advantages such as lightweight construction, superior pollution resistance, moisture repellence, and better performance in seismic and coastal regions. Polymer bushings are increasingly favored in modern and compact grid designs.
By Voltage Rating
The medium voltage segment dominated the market in 2025 with a 55.41% share, driven by extensive deployment in distribution networks, urban substations, and industrial power systems.
The extra-high voltage / UHV segment is expected to grow at the fastest CAGR of 7.23%, as countries expand long-distance transmission corridors to integrate remote renewable energy sources and reduce transmission losses. These applications require advanced RIP and composite bushings capable of handling extreme electrical and thermal stresses.
By Application
The market is segmented into transformer, switchgear, and others.
The transformer segment accounted for the largest share, representing 64.82% of total market revenue in 2025. The dominance of this segment is attributed to rising demand for power transformers across transmission, distribution, renewable energy, and industrial infrastructure projects.
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Key Players
Major companies operating in the global electrical bushing market include:
ABB (Switzerland)
Hitachi Energy Ltd. (Switzerland)
Siemens Energy AG (Germany)
GE Vernova (U.S.)
Maschinenfabrik Reinhausen (Germany)
CG Power and Industrial Solutions Ltd. (India)
TRENCH Group (Germany)
PFISTERER Holding AG (Germany)
NGK Insulators, Ltd. (Japan)
Sediver Group (France)
MacLean Power Systems (U.S.)
Crompton Greaves Electricals Ltd. (India)
Report Coverage
The electrical bushing market report provides comprehensive analysis of global market size, growth trends, competitive landscape, and detailed segmentation by insulation type, insulation material, voltage rating, application, and region. The report covers historical data, base-year analysis, and forecast projections through 2034. It also evaluates technological advancements, regulatory frameworks, renewable energy policies, and infrastructure investment trends influencing market demand. The study includes qualitative and quantitative assessment of key drivers, restraints, opportunities, and challenges impacting the industry.
Drivers and Restraints
Market Drivers
A major driver is the rapid expansion of global transmission and distribution (T&D) networks. Rising electricity consumption, urbanization, and electrification of transportation and industry are forcing utilities to invest heavily in grid upgrades and new transmission lines. The integration of renewable energy is another strong growth driver. Wind and solar projects require new substations, transformers, and long-distance transmission infrastructure, directly increasing demand for advanced bushings capable of handling higher voltages and variable loads.
Market Restraints
High costs associated with advanced RIP, composite, and EHV/UHV bushings represent a key restraint. These technologies require premium materials and complex manufacturing processes, increasing upfront capital costs for utilities and project developers.
Regional Insights
Asia Pacific
Asia Pacific is the largest and fastest-growing regional market. The Asia Pacific electrical bushing market was valued at USD 1.58 billion in 2025. Growth is driven by rapid urbanization, large-scale grid expansion, and massive investments in renewable energy across China, India, and Southeast Asia. Ultra-high voltage projects, renewable integration, and industrial infrastructure upgrades are key growth factors.
Europe
Europe is the second-largest market, supported by aggressive renewable energy targets, offshore wind development, and cross-border grid interconnections. The region is investing heavily in smart grids, UHV transmission, and energy security initiatives, boosting demand for RIP and polymer bushings.
North America
North America represents a steady-growth market, driven by grid hardening, renewable energy expansion, and increasing electricity demand from data centers and EV charging infrastructure. The U.S. electrical bushing market was valued at USD 0.52 billion in 2025, supported by large-scale investments in transformer manufacturing and grid modernization.
Latin America, Middle East & Africa
These regions show moderate but rising growth, supported by urbanization, renewable energy investments, and expansion of transmission networks. Infrastructure development in Brazil, the Middle East, and parts of Africa is driving adoption of durable and heat-resistant bushing technologies.
Key Industry Developments
Recent industry developments highlight strong investment in capacity expansion and technology upgrades:
Hitachi Energy announced a USD 250 million investment to expand global transformer component and bushing production through 2027.
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Transformer Market
Pad-Mounted Transformer Market
Ashwin Arora
Fortune Business Insights™ Pvt. Ltd.
+1 83390 92966
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