Market Size of Europe Electrical Bushing Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Electrical Bushing Market Analysis
The European electrical bushing market is expected to grow with a CAGR of around 2% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. It has now reached pre-pandemic levels.
- Over the short term, factors such as growing power demand (particularly after the Russia-Ukraine conflict) in the region and the expansion and upgradation of grid structure are expected to drive the European electrical bushings market.
- On the other hand, electrical bushings are subjected to failure. They can result in the loss of costly assets/equipment with long replacement times resulting in financial losses. Thus, untimely bushing failure can restrain the electrical bushing market.
- Nevertheless, the increasing demand for new transmission and distribution networks due to the growing trend toward renewable power plants creates tremendous opportunities for the electrical bushings market.
- Eastern Europe is expected to dominate the market due to the high demand for electricity transmission networks in the current scenario.
