Medium Voltage Electrical Bushing Market Analysis & Forecast 2035: Growth Drivers and Industry

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Rutuja29

Medium Voltage Electrical Bushing Market size is forecasted to reach USD 2.36 billion by 2035, rising from USD 1.18 billion in 2025

Medium Voltage Electrical Bushing Market Outlook and Forecast 

The Medium Voltage Electrical Bushing Market is gaining strategic importance as utilities, industrial facilities, and infrastructure developers continue to modernize power transmission and distribution networks. Medium voltage electrical bushings play a critical role in safely conducting electrical power through grounded barriers in transformers, switchgear, and other high-reliability electrical equipment. Rising electrification, grid expansion projects, and the integration of renewable energy sources are collectively driving sustained demand for advanced bushing solutions. 

In 2025, the market is valued at USD 1.18 Billion and is expected to reach USD 2.36 Billion by 2035. The market is forecast to grow at a steady pace during 2026–2035, supported by increasing investments in power infrastructure, replacement of aging grid assets, and rising demand for reliable medium voltage equipment across industrial and commercial applications. 

• 2025 Market Size: USD 1.18 Billion 

• Projected 2035 Market Size: USD 2.36 Billion 

• Growth Forecasts (2026–2035): 7.2% 

Regional Performance Highlights: 

North America remains a mature yet resilient market, driven by grid modernization programs, replacement of aging transformers, and rising adoption of smart substations. Utilities across the U.S. and Canada continue to invest in reliability upgrades, supporting consistent demand for medium voltage bushings. 

Europe is witnessing steady growth due to renewable energy integration, cross-border power interconnections, and stringent safety standards. Countries such as Germany, France, and the Nordics are prioritizing energy transition projects that require high-quality bushing components. 

Asia Pacific dominates global demand, fueled by rapid urbanization, industrial expansion, and large-scale transmission and distribution investments in China, India, and Southeast Asia. Government-led electrification initiatives and new substation projects are significantly boosting regional consumption. 

Market Segmentation Analysis: 

• Segment 1 – Porcelain Bushings: The porcelain segment accounted for 58.8% of the medium voltage electrical bushing market in 2025. Porcelain bushings continue to be preferred for their proven durability, high mechanical strength, and cost-effectiveness, particularly in outdoor and high-stress environments. 

• Segment 2 – Transformer Applications: The transformer segment held a market share of over 49.5% in 2025. Increasing installation of power and distribution transformers across utilities and industrial facilities is a major driver for this segment. 

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Top Market Trends Shaping the Industry 

Grid Modernization and Infrastructure Upgrades: Utilities worldwide are replacing aging transmission and distribution assets to improve reliability and reduce outages. Medium voltage electrical bushings are essential components in these upgrade projects, particularly in substations and transformers undergoing refurbishment. 

Rising Renewable Energy Integration: The rapid deployment of wind and solar energy projects is increasing demand for medium voltage equipment capable of handling variable loads. Bushings designed for enhanced thermal and electrical performance are becoming increasingly important in renewable-connected substations. 

Shift Toward Composite and Advanced Insulation Materials: While porcelain remains dominant, manufacturers are investing in composite and hybrid insulation technologies to offer lighter weight, improved contamination resistance, and enhanced safety performance in harsh operating environments. 

Focus on Reliability and Safety Standards: Stricter international standards for electrical safety and performance are encouraging end users to adopt high-quality, certified bushing solutions. This trend is particularly strong in developed markets with stringent regulatory frameworks. 

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Recent Company Developments 

The medium voltage electrical bushing market is moderately consolidated, with global and regional players focusing on product innovation, capacity expansion, and strategic partnerships. Over the past 12 months, companies have prioritized improving insulation performance, extending product lifecycles, and aligning offerings with evolving grid requirements. 

• ABB Ltd. has continued to enhance its bushing portfolio with designs optimized for high reliability and long service life in utility and industrial applications. 

• Siemens Energy has invested in advanced materials and testing capabilities to support next-generation transformer and switchgear components. 

• Hitachi Energy has focused on integrating digital monitoring features into bushing systems to support predictive maintenance strategies. 

• General Electric has expanded its medium voltage component offerings to support grid modernization projects across North America and Europe. 

• Pfisterer Group has strengthened its presence in Asia Pacific through regional manufacturing and supply chain optimization. 

• CG Power and Industrial Solutions continues to benefit from growing transformer demand in India and neighboring markets. 

• Hubbell Incorporated has introduced enhanced bushing solutions targeting utility-scale applications. 

• Trench Group has focused on high-performance bushings for demanding transmission environments. 

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