India Electrical Bushings Market Assessment, By Type [Oil-Impregnated Paper Bushings, Resin Impregnated Paper Bushings, Others], By Voltage [High, Low], By Application [Transformers, Circuit Breakers, Switchgears, Others], By Region, Opportunities and Forecast, FY2018-FY2032F

India electrical bushings market is projected to witness a CAGR of 4.80% during the forecast period FY2025- FY2032F, growing from USD 162.80 million in FY2024 to USD 236.91 million in FY2032. 

India Electrical Bushings Market Size, Share, Growth & Forecast 2032

India Electrical Bushings Market is projected to witness a CAGR of 4.80% during the forecast period FY2025- FY2032F, growing from USD 162.80 million in FY2024 to USD 236.91 million in FY2032. The Indian electrical bushings market has experienced significant growth in recent years due to rapid urbanization and industrialization, which have led to a surge in electricity consumption. This trend is expected to continue, maintaining a strong pace of expansion. Significant developments in infrastructure have created demand through an increase in the size of power generation and distribution systems. The rise of renewable energy sources, favorable policies, and increasing automation in the sector collectively foster a growth-promoting trend for the Indian electrical bushing market.
India is focusing on the integration of renewable energy sources into grids, which requires sophisticated bushings capable of enduring variable loads while transmitting power. Furthermore, surging investments in grid infrastructure modernization and the growing pressure for the adoption of smart grid technologies are expected to augment the growth of the electrical bushings market.
For instance, in October 2024, the power ministry announced the goal to expand India's renewable transmission infrastructure and energy grid capacity by 2032. The government seeks to invest around USD 109 billion to build the capacity for up to 500 GWs of renewable power. This development highlights the rise in demand for transmission and distribution devices, boosting the demand for the electrical bushings market.
Additionally, rural electrification initiatives undertaken by the government of India boost the installation of transformers and substations that rely on electrical bushings, thus contributing to market growth in coming years. Furthermore, investments in electric vehicle (EV) infrastructure are creating enormous electrical bushings market opportunities.
For instance, according to the India Energy Storage Alliance (IESA), the EV charging infrastructure segment is growing at a rate of 25-30% in India. The country seeks to double this growth, for which USD 20 to 30 billion investment is required in coming years. The rise in investment will drive the demand for different electrical components, such as electrical bushings, in the market.
<h2>Growing Rural Electrification Initiatives Augment India Electrical Bushings Market Growth</h2>
The growing need for electricity in rural areas has led to a rise in the deployment of transformer capacity across India. The Indian Government is focusing on a stable electricity supply by investing in expansion and modernization, which fuels the demand for electrical bushing for transformers in the market. Electrical bushings are gradually becoming integral to transformers as insulated devices promising reliable functioning at high voltage. Significant government funding and policy support for rural electrification have accelerated infrastructure development, leading to a rise in demand for high-quality electrical components such as electrical bushings in the market.
The government has taken initiatives for the electrification of the rural areas in the country by launching schemes such as the Integrated Power Development Scheme (IPDS), National Electricity Fund (NEF), Revamped Distribution Sector Scheme, and Green Energy Corridors program aimed at improving electrification and modernized transmission infrastructure thereby driving the demand for electrical bushings in the market. &nbsp;Rajiv Gandhi Grameen Vidyutikaran Yojna (RGGVY) and India's Saubhagya Scheme have made substantial improvements in the rural electricity infrastructure, which would directly add to a greater need for transformers and hence drive the demand for electrical bushings in the coming years.
The Government of India launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) in October 2017 to achieve universal household electrification. As of March 31, 2022, approximately 28.6 million households have been electrified under this initiative. The scheme has now concluded, with all sanctioned works completed. This development highlights the rise in investment in the electrification of rural areas, which will drive the demand for electrical bushings in the future.
For instance, in July 2023, Rural Electrification Corporation (REC) signed a memorandum of understanding (MOU) with Avaada Group to fund its energy transition projects worth approximately USD 2.3 billion. The Avaada Group will help in developing the renewable energy sector for electrifying the rural part of the country. This development highlights, that the rising investment in rural electrification will raise the demand for electrical bushings in the market.
<h2>Rising Investment in the Electric Vehicle Infrastructure Sector Creating Market Opportunities</h2>
The rise of electric vehicles (EVs) in India is prompting the development of charging infrastructure. The charging infrastructure relies on robust electrical systems, including the deployment of efficient transformer bushings for safe power distribution. Electrical bushings are becoming crucial components in power management systems to control current flow in and out of grids. EV charging stations often operate at higher voltages to facilitate faster charging in the vehicles. The development of EV charging infrastructure necessitates using advanced electrical bushings to manage high-voltage applications thus driving the demand for electrical bushings in the market. Electrical bushings ensure optimal performance and longevity of the EV infrastructure, creating ample opportunities for the electrical bushings market.
In addition, the expansion of EV infrastructure is closely tied to the development of smart grids. The smart grids provide the real-time monitoring and optimization of power distribution in charging grids. The device monitors the electrical parameters in charging stations by ensuring efficient power delivery and checks for safety measures during the charging process in EVs. Electrical bushings play a critical role in supporting the deployment of advanced grids, which enhances the demand for electrical bushings in modernizing the EV infrastructure.
For instance, the Indian government has set a target of achieving 30% electric vehicle adoption by 2030 and has announced various policies and incentive schemes to achieve the set target. This development highlights that the government is boosting the adoption of electric vehicles (EVs), which will drive investment in charging infrastructure and, consequently, increase the demand for electrical bushing devices power transmission from the grid to the charging station.
<h2>Resin-Impregnated Paper (RIP) Bushings to Dominate the Market Share</h2>
Resin-impregnated paper (RIP) bushings are experiencing a high adoption rate in the country due to the rising demand for power supply, coupled with technological advancements driving their demand. Ongoing investments in high-voltage infrastructure, including transformers and reactors, are further boosting the demand for RIP bushings in the market. RIP technology offers enhanced reliability and safety in electrical systems by reducing risks associated with oil leaks and environmental hazards, which significantly contributes to its growing popularity. Additionally, advancements in manufacturing techniques for RIP bushings have improved their performance, making them suitable for demanding applications. Innovations in materials and design are also playing a key role in strengthening their market presence within the industry.
Furthermore, the shift towards innovative grid technologies accelerates the demand for RIP bushings in the market. The products can support advanced monitoring and control systems, enhancing grid efficiency and reliability, driving its demand in the market.
West and Central Regions Dominate the India Market
West and Central regions have dominated the electrical bushings market and is expected to continue during the forecast period. The demand for electrical bushings is rising due to numerous factors such as industrialization, infrastructure development, and government initiatives. Western India has witnessed significant investments in renewable energy projects and the modernization of power infrastructure, creating substantial market opportunities. The rapid expansion of manufacturing and heavy industries in the region necessitates reliable power supply systems, driving the demand for electrical bushings. Numerous manufacturing units, IT parks, and industrial corridors further contribute to this demand by requiring efficient power distribution solutions. Additionally, state governments are focusing on rapid urbanization and renewable energy integration into the grids, which enhances the need for electrical bushings in the market.
For instance, in December 2024, the Maharashtra Electricity Regulatory Commission (MERC) and Global Energy Alliance for People and Planet (GEAPP) signed a Statement of Intent (SoI) to advance Maharashtra&rsquo;s energy transition through regulatory and policy innovations. This development highlights the local government&rsquo;s focus on integrating renewable energy and promoting inclusive growth, enabling the demand for electrical bushings.
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Future Market Scenario (FY2025 &ndash; FY2032F)
<ul>
<li>The rise of electric vehicles (EVs) in India necessitates the development of charging infrastructure which will drive the demand for the electrical bushings market.</li>
<li>The country is making significant investments in renewable energy sources. Further, the Integration of renewable energy sources in the grids creates the opportunity for electrical bushings market growth in coming years.</li>
<li>Government policies promoting infrastructure development and electrification are set to boost the demand for electrical bushings in the country.</li>
<li>Electrical bushings align with government goals regarding energy efficiency and sustainability energy policies, which will drive the market in the forecast period.</li>
</ul>
Report Scope
&ldquo;India Electrical Bushings Market Assessment, Opportunities, and Forecast, FY2018-FY2032F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, that provides an in-depth analysis and qualitative and quantitative assessment of the current state of India electrical bushings market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032F. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Report Attribute
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Details
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Base Year of the Analysis
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FY2024
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Historical Period
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FY2018-FY2023
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Forecast Period
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FY2025-FY2032
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Projected Growth Rate
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CAGR of 4.80% between FY2025 and FY2032
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Revenue Forecast in FY2032
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USD 236.91 million
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Segments Covered
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Type, Voltage, Application
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Regions Covered
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North, South, East, West and Central
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Key Companies Profile
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ABB India Limited, Siemens Limited, GE Vernova T&amp;D India Limited, Hitachi Energy India Limited, Schneider Electric India Private Limited, Reliance Potteries, Andisc Engineers Private Limited, CG Power &amp; Industrial Solutions Limited, Yash Highvoltage Limited, Amrest Electrical Limited
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfill your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In the report, the&nbsp;India electrical bushings market&nbsp;has been segmented into the following categories:&nbsp;
<ul>
<li>By Type
<ul>
<li>Oil-Impregnated Paper Bushings</li>
<li>Resin Impregnated Paper Bushings</li>
<li>Others</li>
</ul>
</li>
<li>By Voltage
<ul>
<li>High</li>
<li>Low</li>
</ul>
</li>
<li>By Application
<ul>
<li>Transformers</li>
<li>Circuit Breakers</li>
<li>Switchgears</li>
<li>Others</li>
</ul>
</li>
<li>By Region
<ul>
<li>North</li>
<li>South</li>
<li>East</li>
<li>West and Central</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Continuous innovation characterizes the landscape of electrical bushings, as the companies compete in terms of energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for integrating renewable energy and automation in the industrial sector. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.
For instance, in January 2025, Yash Highvoltage conducted a 'Bhoomi Poojan' ceremony for its new manufacturing facility in Suncity Industrial Park, Vadodara. This 13,055 sq. m facility will focus on producing advanced components such as Resin-Impregnated Paper (RIP) and Resin-Impregnated Synthetic (RIS) transformer bushings, enhancing the company's commitment to innovation and quality in the power industry. The expansion aims to strengthen Yash Highvoltage's competitive position by meeting the growing demand for high-performance electrical components.
Key Players Operating in the India Electrical Bushings Market are:
<ul>
<li>ABB India Limited</li>
<li>Siemens Limited</li>
<li>GE Vernova T&amp;D India Limited</li>
<li>Hitachi Energy India Limited</li>
<li>Schneider Electric India Private Limited</li>
<li>Reliance Potteries</li>
<li>Andisc Engineers Private Limited</li>
<li>CG Power &amp; Industrial Solutions Limited</li>
<li>Yash Highvoltage Limited</li>
<li>Amrest Electrical Limited</li>
</ul>
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<ul>
<li>What is the current and future market size of the product/service in question specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
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India Electrical Bushings Market Assessment, Opportunities and Forecast, FY2018-FY2032F

India electrical bushings market is expected to experience growth due to a rise in investment in electrifying rural areas and pushing towards the adoption of smart grid technologies in the country.

Table of Contents
<ol>
<li>Project Scope and Definitions</li>
<li>Research Methodology</li>
<li>Executive Summary</li>
<li>Voice of Customer
<ul>
<li>Respondent Demographic</li>
<li>Factors Considered in Purchase Decisions
<ul>
<li>Features and Other Value-Added Service</li>
<li>Efficiency of Solutions</li>
<li>After-Sales Support</li>
<li>Price</li>
<li>Technical Specifications</li>
</ul>
</li>
</ul>
</li>
</ol>
<ol start="5">
<li>India Electrical Bushings Market Outlook, FY2018-FY2032F
<ul>
<li>Market Size Analysis &amp; Forecast
<ul>
<li>By Value</li>
<li>By Volume</li>
</ul>
</li>
<li>Market Share Analysis &amp; Forecast
<ul>
<li>By Type
<ul>
<li>Oil-Impregnated Paper Bushings</li>
<li>Resin Impregnated Paper Bushings</li>
<li>Others</li>
</ul>
</li>
<li>By Voltage
<ul>
<li>High</li>
<li>Low</li>
</ul>
</li>
<li>By Application
<ul>
<li>Transformers</li>
<li>Circuit Breakers</li>
<li>Switchgears</li>
<li>Others</li>
</ul>
</li>
<li>By Region
<ul>
<li>North</li>
<li>South</li>
<li>East</li>
<li>West and Central</li>
</ul>
</li>
<li>By Company Market Share Analysis (Top 5 Companies and Others &ndash; By Value, FY2024)</li>
</ul>
</li>
<li>Market Map Analysis, FY2024
<ul>
<li>By Type</li>
<li>By Voltage</li>
<li>By Application</li>
<li>By Region</li>
</ul>
</li>
</ul>
</li>
</ol>
*All segments will be provided for all regions covered
<ol start="6">
<li>Porter&rsquo;s Five Forces Analysis</li>
<li>PESTLE Analysis</li>
<li>Market Dynamics
<ul>
<li>Market Drivers</li>
<li>Market Challenges</li>
</ul>
</li>
<li>Market Trends and Developments</li>
<li>Competitive Landscape
<ul>
<li>Competition Matrix of Top 5 Market Leaders</li>
<li>SWOT Analysis for Top 5 Players</li>
<li>Key Players Landscape for Top 10 Market Players
<ul>
<li>ABB India Limited
<ul>
<li>Company Details</li>
<li>Key Management Personnel</li>
<li>Products and Services</li>
<li>Financials (As Reported)</li>
<li>Key Market Focus and Geographical Presence</li>
<li>Recent Developments/Collaborations/Partnerships/Mergers and Acquisition</li>
</ul>
</li>
<li>Siemens Limited</li>
<li>GE Vernova T&amp;D India Limited</li>
<li>Hitachi Energy India Limited</li>
<li>Schneider Electric India Private Limited</li>
<li>Reliance Potteries</li>
<li>Andisc Engineers Private Limited</li>
<li>CG Power &amp; Industrial Solutions Limited</li>
<li>Yash Highvoltage Limited</li>
<li>Amrest Electrical Limited</li>
</ul>
</li>
</ul>
</li>
</ol>
*Companies mentioned above&nbsp;DO NOT&nbsp;hold any order as per market share and can be changed as per information available during research work.
<ol start="11">
<li>Strategic Recommendations</li>
<li>About Us and Disclaimer</li>
</ol>

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