HV Bushing Market Size, Share, and Industry Analysis By Type (Porcelain Bushings, Oil-filled Bushings, Gas-insulated Bushings, Resin-impregnated Paper Bushings, Epoxy Bushings, and Others), By Installation (Indoor and Outdoor), By Application (Power Generation, Transmission and DistributionRenewable Energy, EV Charging Infrastructure, and Others), and Regional Forecast 2026-2034

The global HV bushing market size was valued at USD 0.76 billion in 2025. The market is projected to grow from USD 0.78 billion in 2026 to USD 0.96 billion by 2034, exhibiting a CAGR of 2.54% during the forecast period.

The global HV bushing market growth is primarily driven by increasing demand for electricity, the upgradation of electricity transmission infrastructure, and rising urbanization across the globe. The rising demand for electricity is due to the increasing population and the development of power distribution across the globe.

• According to the International Energy Association, the global electricity demand is expected to increase at a rapid rate, with an average of 3.4% annually through 2026.

Hence, the expected increase in electricity demand in major regions will augment the demand for HV bushings over the forecast period.

HV Bushing Market Driver

Increasing Demand for Electricity will Foster Market Growth

The need for reliable power distribution drives the high voltage (HV) bushing market, the expansion of electrical networks, and the modernization of power grids. Moreover, the need for a stable power supply grows as economies industrialize, especially in Asia Pacific, Africa, and South America. The growing population and rising power consumption per capita increase the need for a reliable power supply.

• According to the International Energy Agency, electricity consumption in data centers, the cryptocurrency sector, and artificial intelligence could be doubly by 2026, reaching more than 1,000 TWh in 2026.

Furthermore, the market is expected to grow at a significant rate, with the contribution of China and India, which have high population growths that are propelling the demand for electricity.

HV Bushing Market Restraint

High Initial Costs to Restraint the Market Growth

The high initial cost of high voltage (HV) bushings is a significant barrier to market growth. This is especially true for developing regions and industries with budget constraints. Hence, HV bushings are made from advanced materials such as porcelain, glass, and composite insulation, which increases production costs. Moreover, the engineering and design requirements to ensure the reliability and durability of HV bushings add to the cost. Hence, small and medium enterprises may struggle to afford the high upfront costs.

HV Bushing Market Opportunity

Rising Integration of Renewable Sources of Energy to Offer New Opportunities

The demand for HV bushings is increasing as renewable energy sources such as solar and wind power are integrated into the grid. The HV bushing market has many opportunities in renewable energy due to the need for new transmission and distribution networks. The demand for HV bushings is expected to increase as countries modernize their power grids to support renewable energy sources.

• In October 2024, Trench Group announced an agreement with GE Vernova Grid Solutions. Trench Group will supply high voltage components such as HVDC DC Wall Bushings, Power transformer bushings, Coils, and Instrument Transformers to support renewable energy infrastructure.

Segmentation

Key Insights

The report covers the following key insights:

• Recent Advancements in the HV Bushing Market
• Key Industry Trends
• Regulatory Landscape for the Market
• Key Industry Developments (Mergers, Acquisitions, and Partnerships)
• Impact of COVID-19 on the Market

Analysis by Type

Based on type, the market is segmented into porcelain bushings, oil-filled bushings, gas-insulated bushings, resin-impregnated paper bushings, epoxy bushings, and others.

The porcelain bushings segment is expected to dominate the type segment as they are widely used in outdoor applications due to their mechanical and electrical strength.

• In August 2024, GE Vernova announced the delivery of the world's first 245 kV SF₆-free gas-insulated substation to Réseau de Transport d'Electricité (RTE) in France. These substations are equipped with gas-insulated bushings (GIS) to support RTE's carbon emissions control goals.

Furthermore, gas-insulated bushings (GIS) are electrical components that connect gas-insulated switchgear (GIS) to overhead lines and air-insulated switchgear. They are used in power plants and substations. These bushings are expected to gain significant prominence in the coming years due to the modernization of power generation infrastructure.

Analysis by Installation

Based on installation, the market is segmented into indoor and outdoor.

The outdoor segment is expected to account for a major share due to its integration into power substations and power transmission facilities. An outdoor HV bushing is a hollow electrical insulator that allows high-voltage conductors to pass through a grounded enclosure. Bushings are a key component of high-voltage (HV) substation equipment, such as transformers and switchgear.

• In June 2023, Straton Electricals Pvt. Ltd announced the launch of cycloaliphatic cast resin instrument transformers suitable for outdoor applications. Such product line expansions of market players are also expected to contribute to market growth.

Indoor high voltage (HV) bushings are electrical components that insulate high-voltage conductors passing through buildings and metal enclosures. They are used in a variety of applications, including transformers, generators, and switchgear. The demand for these bushings is expected to increase with the development of the power generation and power backup industry.

Analysis by Application

Based on application, the market is segmented into power generation, transmission & distribution,

renewable energy, EV charging infrastructure, electric vehicles, and others.

The power generation segment is expected to dominate the market. High voltage (HV) bushings are used in power generation to connect high-voltage generators to transmission or distribution systems. They also insulate conductors from grounded parts of equipment, preventing electrical faults and equipment failures.

• In November 2024, the Ministry of New and Renewable Energy of India announced that it would achieve 500 GW of energy capacity from sustainable sources by 2030. Such developments are expected to contribute to the increasing demand for HV bushing in the coming years.

Moreover, high-voltage (HV) bushings are used in electric vehicle (EV) charging stations and powertrain systems. They are critical components that help ensure the safety and reliability of EV charging infrastructure. The rapid development of EV charging facilities will boost the demand for HV bushing in the coming years.

Regional Analysis

Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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North America is expected to emerge as the crucial market for the HV bushing market owing to the rising adoption of renewable energy and modernization of energy infrastructure in the region. There are high investments in grid modernization and there is growing concern about integrating renewable energy into the grid in North America.

• In October 2024, the U.S. Department of Energy (DOE) announced funding of USD 2 billion with 38 projects to increase grid capacity to meet growing demand from various industries. This will propel the demand for electric bushings in the region.

Europe is expected to witness robust growth. The demand for high-voltage (HV) bushings in Europe is expected to increase as the region continues to prioritize sustainable energy solutions. This is due to factors such as growing power demand, grid modernization, and the increasing adoption of renewable energy sources.

• European Union aims to achieve carbon neutrality by 2050 under the European Climate Law. The law also states that the European Union will reduce greenhouse gas emissions by 55% by 2030. Strategic initiatives such as the upgradation of the power grid to integrate renewable energy in electricity generation are expected to boost demand for HV bushings in the region.

Asia Pacific dominated the HV bushing market. The demand for high voltage (HV) bushings in the region is expected to increase due to rapid industrialization, urbanization, and economic growth. This growth will lead to a rise in electricity consumption and the need to expand the electricity infrastructure.

• According to the National Energy Administration of China, government spending on power transmission increased by 19% to USD 72 billion, which is an expansion of the power generation industry in the country.

Countries in Latin America are investing in expanding their power grids to improve energy access and reliability. The demand for high voltage (HV) bushings in Latin America is expected to increase due to the expansion of power grids and the integration of renewable energy sources. Governments and industries are prioritizing clean energy sources, which increases the demand for reliable electrical components, which is expected to propel market growth.

The Middle East & Africa market is expected to emerge as a prominent market. The demand for high voltage (HV) bushings in the Middle East and Africa is expected to increase as the region's power infrastructure expands and more renewable energy sources are integrated. As countries in the region invest in improving energy access and reliability, there is a growing need for HV bushings. As power grids expand and modernize, high-capacity transformers with reliable bushings are needed for efficient energy transmission.

Key Players Covered

The global HV bushing market is fragmented with the presence of a large number of market players.

The report includes the profiles of the following key players:

• Siemens Energy (Germany)
• General Electric (U.S.)
• LAPP Insulators GmbH (Germany)
• Olectra Greentech Limited (India)
• Hitachi Energy Ltd. (Switzerland)
• Hubbell Incorporated (U.S.)
• PFISTERER Holding SE (Germany)
• Webster-Wilkinson Ltd. (U.K.)
• ABB Ltd. (Switzerland)
• ELANTAS GmbH (Germany)

Key Industry Developments

• In December 2024, Yash Highvoltage announced plans for initial public offerings to raise USD 12.1 million to cater to robust demand from the Indian Market.
• In May 2022, Hitachi Energy announced the inauguration of India's first production facility to produce dry resin-impregnated paper bushings with a capacity upto 400 kV for catering upto USD 50 million over the next few years.