Transformer

Transformer bushings market set to grow significantly by 2025

According to the Market Research Report provided by persistent market research, the significant growth of rapid urbanization and industrialization is the main factor leading to a 2025 increase in transformer bushing market.

Transformers bushings market is forecast to remain lucrative in the foreseeable future owing to the enhancement of electrical transmission lines in the majority of countries as well as the growing need of power infrastructure due to the spurring urbanization, reports LANEWS.

Another factor driving the global transformer bushings market is the need for enhancing electrical power grid reliability and replacement activities of transformer bushings.

Demand for high voltage transformer bushings is set to foresee significant growth.  Expansion of high-speed rail network in China in order to boost the economic growth is anticipated to aid the growth of transformer bushings market.

Furthermore, to strengthen the power supply in urban and importantly in rural areas, Indian transformer bushing market is anticipated to witness healthy demand growth owing to several government policies and schemes.  

In Latin America, Brazil is foremost electricity market and in the coming years, electric power sector is expected to receive significant investments between up to 2018.

The growth of renewable energy power plants in Western Europe and North America are likely to trigger the demand for transformer bushings. 

Some market participants in the global market of transformer bushing including ABB group, HSP group, Hochspannungsger by te channel GmbH, H-J international, megger group, Nanjing electric high voltage bushing Co., Ge, Alston.

Article from:

      http://www.transformers-magazine.com/