Market Size of North America Electrical Bushing Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Electrical Bushing Market Analysis
The North American electrical bushing market is expected to register a CAGR of over 5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. It has now reached pre-pandemic levels.
- Over the medium term, the increasing investments, power demand, and the expansion and upgradation of grid structure are expected to drive the growth of the market studied.
- On the other hand, technical drawbacks and untimely bushing failure are expected to hamper the growth of the North American electrical bushing market during the forecast period.
- Nevertheless, new transmission and distribution networks are likely to create lucrative growth opportunities.
- The United States dominates the market and is likely to witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments in the expansion of transmission and distribution networks, coupled with supportive government policies in the country.
