RIP & RIFブッシング市場 – 2032年までの世界予測

RIP & RIF Bushings Market - Global Forecast To 2032

RIP & RIFブッシング市場 - タイプ(樹脂含浸紙ブッシング、樹脂含浸グラスファイバーブッシング)、用途(変圧器、配電装置、その他の用途)、エンドユーザー(公共事業、工業、住宅および商業)、および地域別 - 2032年までの世界予測
RIP & RIF Bushings Market by Type (Resin-impregnated Paper Bushings, Resin-impregnated Fiberglass Bushings), Application (Transformer, Switchgear, Other Applications), End User (Utilities, Industrial, Residential & Commercial), and Region - Global Forecast to 2032

商品番号 : SMB-80271

出版社MarketsandMarkets
出版年月2025年6月
ページ数197
図表数195
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは樹脂含浸紙(RIP)ブッシングと樹脂含浸繊維(RIF)ブッシング市場をタイプ(RIPおよびRIF)、用途(変圧器、配電装置、その他の用途)、エンドユーザー(公益事業、産業、住宅および商業)、および地域別に定義、説明、予測しています。また、市場の詳細な定性および定量分析も提供しています。レポートでは、主要な市場促進要因、制約、機会、課題を包括的に検討しています。また、市場のさまざまな重要な側面も取り上げています。RIPおよびRIFブッシング市場の主要プレーヤーの包括的な分析を実施しました。この分析は、各社の事業概要、ソリューションとサービス、主要戦略に関する洞察を提供します。さらに、関連する契約、パートナーシップ、合意、新製品の発売、合併、買収、その他の市場における最近の動向も網羅しています。さらに、本レポートには、RIP & RIFブッシング市場エコシステムにおける新興企業の競合分析も含まれています。

The global RIP & RIF bushings market is projected to grow from USD 1.21 billion by 2025 to USD 1.83 billion by 2032, at a CAGR of 5.9%.

世界のRIP & RIFブッシング市場は、2025年の12億1,000万米ドルから2032年には18億3,000万米ドルに、年平均成長率5.9%で成長すると予測されています。

Market growth is propelled by the increasing demand for reliable, maintenance-free, and environmentally sustainable components within modern power infrastructure. As investments rise in grid modernization, electrification, and renewable energy integration, utilities and power transmission companies are turning to advanced bushing technologies such as RIP and RIF. These technologies enhance grid reliability, boost operational efficiency, and lower failure rates. The growing preference for compact, modular substations and high-voltage equipment, particularly in urban and industrial settings, further accelerates the adoption of these dry-type bushings. RIP and RIF bushings provide superior thermal performance, mechanical durability, and environmental safety compared to traditional oil-impregnated alternatives. Additionally, the implementation of digital monitoring systems and condition-based asset management supports their uptake, as utilities increasingly rely on predictive maintenance strategies to reduce downtime and extend the service life of equipment.

市場の成長は、現代の電力インフラにおける信頼性が高く、メンテナンスフリーで、環境的に持続可能なコンポーネントの需要の高まりによって推進されています。送電網の近代化、電化、再生可能エネルギーの統合への投資が増加するにつれて、公益企業と送電会社は、RIPやRIFなどの高度なブッシング技術に注目しています。これらの技術は、送電網の信頼性を高め、運用効率を高め、故障率を低減します。特に都市部や産業環境では、小型でモジュール式の変電所や高電圧機器が好まれるようになり、これらの乾式ブッシングの採用がさらに加速しています。RIPおよびRIFブッシングは、従来の油含浸ブッシングに比べて、優れた熱性能、機械的耐久性、環境安全性を備えています。さらに、デジタル監視システムと状態ベースの資産管理の実装も、これらの採用を後押ししており、公益企業はダウンタイムを削減し、機器の耐用年数を延ばすために予知保全戦略への依存を高めています。

RIP & RIFブッシング市場 - 2032年までの世界予測
rip-rif-bushings-market

Utilities, by end user, to be fastest-growing segment during forecast period

Utilities are expected to experience the highest growth rate in the global RIP & RIF bushings market from 2025 to 2032. This is due to utility companies focusing more on modernizing aging infrastructure grids and improving operational reliability. Incorporating renewable energy sources into the existing power transmission and distribution networks adds complexity. With the increasing use of renewable energy sources, there is an additional requirement for supreme-grade insulating materials that endure high voltages, environmental stress, and maintenance-free longevity in service. Since RIP & RIF bushings possess high dielectric strength, partial discharge resistance, and fire retardancy, utilities increasingly prefer them to minimize system failures and improve grid reliability. Also, utilities must adopt new safety, efficiency, and environmental protection standards and use reliable and safe dry-type bushings instead of traditional oil-filled ones. The growing construction of smart grids and substations, coupled with rural electrification in developing economies, is further anticipated to drive the demand for RIP & RIF bushings for utilities.

Resin-impregnated paper bushings, by type, to exhibit highest CAGR during the forecast period

The RIP and RIF bushings market is poised for significant growth due to rising demand and advancements in RIP technology over traditional oil-impregnated types. RIP bushings offer enhanced thermal stability, partial discharge resistance, and superior mechanical strength, making them ideal for heavy-duty voltage command transformers, circuit breakers, and gas-insulated switchgear. Their dry-type design minimizes oil leakage risks, bolstering fire safety and reducing maintenance needs—key factors for industrial users seeking operational efficiency and sustainability. Additionally, the global push for cost-effective insulating components and increased investment in smart grid infrastructure is driving the adoption of RIP bushings in both developing and developed nations.

RIP & RIFブッシング市場 - 2032年までの世界予測 region
rip-rif-bushings-market-region

Asia Pacific, by region, is expected to be the largest and fastest-growing market during forecast period

The Asia Pacific region is expected to become the most significant and fastest-growing RIP and RIF bushings market. This growth is driven by rapid industrialization and extensive infrastructure development in countries such as China, India, Japan, and South Korea, where power grid modernization is a priority.

The need for reliable and high-performance bushings arises from the demands of renewable energy integration, transportation electrification, and expansion of transmission and distribution services. Additionally, supportive government policies, rising urbanization, and increasing power consumption are creating opportunities for industry players to expand and innovate.

In-depth interviews have been conducted with chief executive officers (CEOs), directors, and other executives from various key organizations operating in the RIP and RIF bushings market.

  • By Company Type: Tier 1 – 30%, Tier 2 – 55%, and Tier 3 – 15%
  • By Designation: C-level Executives – 30%, Directors – 20%, and Others – 50%
  • By Region: Asia Pacific – 60%, North America – 18%, Europe – 8%, Middle East & Africa – 10%, and South America – 4%

Note: Other designations include engineers and sales & regional managers.

The tiers of the companies are defined based on their total revenue as of 2024: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million

A few major players with extensive regional presence dominate the RIP & RIF bushings market. The leading players are Hitachi Energy Ltd (Switzerland), Siemens (Germany), Schneider Electric (France), General Electric Company (US), and PFISTERER Holding SE (Germany).

RIP & RIFブッシング市場 - 2032年までの世界予測 ecosystem
rip-rif-bushings-market-ecosystem

Research Coverage:

The report defines, describes, and forecasts the RIP & RIF bushings market by type (RIP and RIF), application (transformer, switchgear, and other applications), end user (utilities, industries, and residential & commercial), and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A comprehensive analysis of the key players in the RIP & RIF bushings market has been conducted. This analysis provides insights into their business overview, solutions and services, and key strategies. It also covers relevant contracts, partnerships, and agreements, along with new product launches, mergers, acquisitions, and other recent developments in the market. Additionally, the report includes a competitive analysis of emerging startups within the RIP & RIF bushings market ecosystem.

Reasons to Buy This Report:

This report is a strategic resource for industry leaders and new entrants, offering a comprehensive analysis of the market and its subsegments. It equips stakeholders with a thorough understanding of the competitive landscape, enabling them to refine their business positioning and devise effective go-to-market strategies. Additionally, the report elucidates the current market dynamics, highlighting critical drivers, constraints, challenges, and opportunities that inform strategic decision-making.

The report provides insights on the following points:

  • Analysis of key drivers (mounting demand for reliable power due to industrialization, rapid modernization of aging grid infrastructure, surging adoption of electric vehicles), restraints (high initial and upfront costs, availability of low-cost alternatives), opportunities (increasing integration of renewable energy into power grids, rising emphasis on expansion of smart grid infrastructure, rapid advances in nanocomposite materials), and challenges (complex manufacturing and customization requirements) influencing the growth.
  • Product Development/Innovation: Competition among manufacturers in the RIP (resin-impregnated paper) & RIF (resin-impregnated fiberglass) bushings market is geared toward developing and enhancing mechanical strength, insulation performance, and operational lifespan. The development of new partial discharge-, temperature-, and moisture-resistant dry bushings is the primary focus of the advancements. Manufacturers improve modern epoxy resin systems, add multi-layer insulation configurations, and apply vacuum pressure impregnation to maintain thermal and electrical fire safety while ensuring environmentally friendly measures. The use of sensors and digital interfaces for monitoring infrastructure conditions is also increasing, and they facilitate predictive maintenance, which enhances grid reliability.
  • Market Development: The world is witnessing robust growth in the RIP & RIF bushings market as investments in upgrading power infrastructure within Asia Pacific, Latin America, and parts of Africa are undergoing modernization. Rapid urbanization, industrial expansion, and the increasing demand for high-voltage transmission and substation installations for renewable energy are all occurring in these areas. Utilities and government are actively switching from traditional oil-immersed bushings to dry-type RIP & RIF bushings and using a mixture of reactive and incorporated polymer as bushings to attain safety, lower maintenance expenditure, and environmental compliance within a drying oil framework. In addition, widening the grid to support the electrification of rural and remote areas drives the need for compact and enduring insulation materials, further strengthening the market.
  • Market Diversification: The market for RIP & RIF bushings is progressively expanding into more end–use sectors, such as data centers, industrial manufacturing, renewable energy, and the railroad and maritime industries. The growth of these sectors generates a need for insulating materials to ensure the continuous and effective operation of transformers, switchgear, and other high-voltage equipment. The use of these RIP bushings in the renewable energy facilities is an example of this, as they are environmentally friendly and resilient to severe weather conditions.
  • Market Diversification: The RIP & RIF bushings market, which once served only traditional utility applications, now reaches multiple sectors including railways, wind farms, solar power plants, marine operations, data centers, and industrial manufacturing. High-performance insulation components are necessary to continuously and efficiently operate transformers, switchgear, and other high-voltage apparatus in these sectors. Renewable energy facilities now regularly use RIP bushings, which deliver environmental benefits and high durability against extreme environmental conditions. Railway systems and data centers require bushings that offer compact sizes, high dielectric strength, and minimal maintenance needs, generating new revenue opportunities and promoting specialized product creation for specific markets.
  • Competitive Assessment: The market for RIP & RIF bushings is highly competitive, with top industry players such as ABB (Switzerland), Siemens (Germany), Hitachi Energy Ltd. (Switzerland), General Electric Company (US), Eaton (Ireland), Trench Group (Germany), RHM International, LLC (US) remaining competitive by expanding their presence in global markets through strategic efforts. These involve product portfolio growth, mergers and acquisitions, joint ventures, and new factory openings in high-growth areas. Firms also spend heavily on R&D to create future-proof dry-type bushings with higher reliability, energy efficiency, and smart monitoring features. By adapting to changing grid needs and sustainability objectives, these companies seek to take a bigger market share and facilitate global electrification to safe and robust electrical networks.

Table of Contents

1               INTRODUCTION              19

1.1           STUDY OBJECTIVES       19

1.2           MARKET DEFINITION   19

1.3           STUDY SCOPE   20

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      20

1.3.2        INCLUSIONS AND EXCLUSIONS 20

1.3.3        YEARS CONSIDERED      22

1.4           CURRENCY CONSIDERED            22

1.5           LIMITATIONS    22

1.6           STAKEHOLDERS               23

1.7           SUMMARY OF CHANGES               23

2               RESEARCH METHODOLOGY       24

2.1           RESEARCH DATA              24

2.1.1        SECONDARY DATA          25

2.1.1.1    List of key secondary sources              25

2.1.1.2    Key data from secondary sources       25

2.1.2        PRIMARY DATA 25

2.1.2.1    List of primary interview participants               26

2.1.2.2    Key data from primary sources           26

2.1.2.3    Key industry insights           27

2.1.2.4    Breakdown of primaries      27

2.2           MARKET SIZE ESTIMATION METHODOLOGY     28

2.2.1        BOTTOM-UP APPROACH              28

2.2.1.1    Regional analysis  29

2.2.1.2    Country-level analysis          30

2.2.1.3    Demand-side assumptions 30

2.2.1.4    Demand-side calculations   30

2.2.2        TOP-DOWN APPROACH                31

2.2.2.1    Supply-side assumptions     33

2.2.2.2    Supply-side calculations      33

2.3           DATA TRIANGULATION                34

2.4           FORECAST          34

2.5           RESEARCH ASSUMPTIONS           35

2.6           RISK ANALYSIS  35

2.7           RESEARCH LIMITATIONS             35

3               EXECUTIVE SUMMARY  36

4               PREMIUM INSIGHTS       40

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RIP & RIF BUSHINGS MARKET                 40

4.2           ASIA PACIFIC: RIP & RIF BUSHINGS MARKET,  BY TYPE AND COUNTRY 41

4.3           RIP & RIF BUSHINGS MARKET, BY TYPE 41

4.4           RIP & RIF BUSHINGS MARKET, BY APPLICATION                 42

4.5           RIP & RIF BUSHINGS MARKET, BY END USER       42

4.6           RIP & RIF BUSHINGS MARKET, BY REGION           43

5               MARKET OVERVIEW       44

5.1           INTRODUCTION              44

5.2           MARKET DYNAMICS       45

5.2.1        DRIVERS               45

5.2.1.1    Mounting demand for reliable power due to industrialization                 45

5.2.1.2    Rapid modernization of aging grid infrastructure           47

5.2.1.3    Surging adoption of electric vehicles 48

5.2.2        RESTRAINTS      49

5.2.2.1    High initial and upfront costs             49

5.2.2.2    Availability of low-cost alternatives   49

5.2.3        OPPORTUNITIES              50

5.2.3.1    Increasing integration of renewable energy into power grids                 50

5.2.3.2    Rising emphasis on expansion of smart grid infrastructure                 52

5.2.3.3    Rapid advances in nanocomposite materials    53

5.2.4        CHALLENGES    54

5.2.4.1    Complex manufacturing and customization requirements                 54

5.2.4.2    Complexities associated with maintenance and replacement                 54

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            55

5.4           ECOSYSTEM ANALYSIS  57

5.5           INVESTMENT AND FUNDING SCENARIO               58

5.6           SUPPLY CHAIN ANALYSIS             58

5.6.1        RAW MATERIAL PROVIDERS/SUPPLIERS               59

5.6.2        MANUFACTURERS/ASSEMBLERS              60

5.6.3        DISTRIBUTORS 60

5.6.4        END USERS         60

5.6.5        POST-SALES SERVICE PROVIDERS            61

5.7           TECHNOLOGY ANALYSIS             61

5.7.1        KEY TECHNOLOGIES     61

5.7.1.1    Advanced insulation technologies      61

5.7.1.2    Smart bushings     62

5.7.2        ADJACENT TECHNOLOGIES       63

5.7.2.1    Additive manufacturing       63

5.8           KEY CONFERENCES AND EVENTS             64

5.9           TARIFF AND REGULATORY LANDSCAPE               66

5.9.1        TARIFF ANALYSIS (HS CODE 854620)        66

5.9.2        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             67

5.9.3        CODES AND REGULATIONS        69

5.10         TRADE ANALYSIS             70

5.10.1      IMPORT SCENARIO (HS CODE 854620)    70

5.10.2      EXPORT SCENARIO (HS CODE 854620)    71

5.11         PATENT ANALYSIS          72

5.12         PORTER’S FIVE FORCES ANALYSIS           76

5.12.1      THREAT OF NEW ENTRANTS      77

5.12.2      THREAT OF SUBSTITUTES          77

5.12.3      BARGAINING POWER OF SUPPLIERS       77

5.12.4      BARGAINING POWER OF BUYERS             77

5.12.5      INTENSITY OF COMPETITIVE RIVALRY 77

5.13         KEY STAKEHOLDERS AND BUYING CRITERIA     78

5.13.1      KEY STAKEHOLDERS IN BUYING PROCESS           78

5.14         BUYING CRITERIA           79

5.15         CASE STUDY ANALYSIS 79

5.15.1      UTILITY COMPANY IN EUROPE IMPLEMENTED BIIT BUSHING TO ENHANCE OPERATIONAL EFFICIENCY OF HIGH-VOLTAGE SYSTEMS        79

5.15.2      SIEMENS’ BUSHING ENABLED TECHNISCHE BETRIEBE GLARUS NORD TO ACHIEVE SECURE AND SUSTAINABLE POWER SUPPLY AND ENHANCE GRID TRANSPARENCY 80

5.16         IMPACT OF GEN AI/AI ON RIP & RIF BUSHINGS MARKET                 81

5.17         MACROECONOMIC OUTLOOK  82

5.17.1      GDP OUTLOOK 82

5.17.2      RESEARCH & DEVELOPMENT EXPENDITURE     83

5.17.3      INVESTMENTS BY END USERS   83

5.17.4      POWER SECTOR GROWTH           84

6               RIP & RIF BUSHINGS MARKET, BY TYPE 85

6.1           INTRODUCTION              86

6.2           RESIN-IMPREGNATED PAPER BUSHINGS              87

6.2.1        HIGH MOISTURE RESISTANCE AND EXCEPTIONAL DIELECTRIC STRENGTH TO FOSTER SEGMENTAL GROWTH                 87

6.3           RESIN-IMPREGNATED FIBERGLASS BUSHINGS  88

6.3.1        RELIABLE PERFORMANCE AND COST-EFFECTIVENESS TO CONTRIBUTE TO SEGMENTAL GROWTH      88

7               RIP & RIF BUSHINGS MARKET, BY APPLICATION                 90

7.1           INTRODUCTION              91

7.2           TRANSFORMERS               92

7.2.1        EXPANDING GLOBAL ELECTRICITY INFRASTRUCTURE TO BOOST SEGMENTAL GROWTH           92

7.3           SWITCHGEARS  93

7.3.1        RAPID INDUSTRIALIZATION AND URBANIZATION TO AUGMENT SEGMENTAL GROWTH           93

7.4           OTHER APPLICATIONS 94

8               RIP & RIF BUSHINGS MARKET, BY END USER       96

8.1           INTRODUCTION              97

8.2           UTILITIES            98

8.2.1        RELIANCE ON HIGH-PERFORMANCE BUSHINGS FOR EFFICIENT POWER TRANSMISSION AND DISTRIBUTION TO SPUR DEMAND 98

8.3           INDUSTRIAL      99

8.3.1        HIGH EMPHASIS ON AUTOMATION AND DIGITALIZATION TO FUEL SEGMENTAL GROWTH          99

8.4           RESIDENTIAL & COMMERCIAL  100

8.4.1        RAPID URBANIZATION, ELECTRIFICATION, AND INTEGRATION OF RENEWABLE ENERGY TO DRIVE MARKET                 100

9               RIP & RIF BUSHINGS MARKET, BY REGION           102

9.1           INTRODUCTION              103

9.2           ASIA PACIFIC     105

9.2.1        CHINA  109

9.2.1.1    Rising emphasis on grid modernization to accelerate market growth    109

9.2.2        INDIA    109

9.2.2.1    Rapid urbanization and rising energy demand to drive market                 109

9.2.3        JAPAN   111

9.2.3.1    Increasing allocation of funds for energy infrastructure development to drive market              111

9.2.4        SOUTH KOREA  112

9.2.4.1    Growing focus on modernizing power infrastructure to foster market growth       112

9.2.5        REST OF ASIA PACIFIC   112

9.3           NORTH AMERICA             113

9.3.1        US           116

9.3.1.1    Increasing focus on modernizing aging electrical infrastructure to boost market growth             116

9.3.2        CANADA               117

9.3.2.1    Rapid expansion of renewable energy capacity to augment market growth    117

9.3.3        MEXICO                117

9.3.3.1    Growing investment in power infrastructure modernization and renewable energy projects to drive market       117

9.4           EUROPE               118

9.4.1        GERMANY           120

9.4.1.1    Rising investment in green energy to accelerate market growth                 120

9.4.2        UK          121

9.4.2.1    High commitment to generating clean power to bolster market growth    121

9.4.3        FRANCE                121

9.4.3.1    Growing emphasis on achieving carbon neutrality to spur demand  121

9.4.4        ITALY    122

9.4.4.1    Increasing focus on modernizing energy infrastructure to accelerate market growth    122

9.4.5        REST OF EUROPE             122

9.5           MIDDLE EAST & AFRICA                123

9.5.1        GCC COUNTRIES              126

9.5.1.1    Increasing investment in electricity transmission and distribution infrastructure to facilitate market growth         126

9.5.2        SOUTH AFRICA 127

9.5.2.1    Rising integration of renewable energy to foster market growth                 127

9.5.3        REST OF THE MIDDLE EAST & AFRICA   127

9.6           SOUTH AMERICA             128

9.6.1        BRAZIL 131

9.6.1.1    Rising modernization of electricity grid to bolster market growth                 131

9.6.2        ARGENTINA       131

9.6.2.1    Increasing integration of renewable energy into power grid to accelerate market growth    131

9.6.3        REST OF SOUTH AMERICA           132

10            COMPETITIVE LANDSCAPE         133

10.1         INTRODUCTION              133

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024                 133

10.3         REVENUE ANALYSIS, 2019–2023  136

10.4         MARKET SHARE ANALYSIS, 2023                 137

10.5         COMPANY VALUATION AND FINANCIAL METRICS, 2024                 139

10.5.1      COMPANY VALUATION 139

10.5.2      FINANCIAL METRICS      140

10.6         PRODUCT COMPARISON              141

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 142

10.7.1      STARS   142

10.7.2      EMERGING LEADERS     142

10.7.3      PERVASIVE PLAYERS      142

10.7.4      PARTICIPANTS 142

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         144

10.7.5.1  Company footprint               144

10.7.5.2  Region footprint   144

10.7.5.3  Type footprint       145

10.7.5.4  Application footprint            146

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        147

10.8.1      PROGRESSIVE COMPANIES         147

10.8.2      RESPONSIVE COMPANIES            147

10.8.3      DYNAMIC COMPANIES  147

10.8.4      STARTING BLOCKS         147

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 148

10.8.5.1  Detailed list of key startups/SMEs    148

10.8.5.2  Competitive benchmarking of key startups/SMEs          149

10.9         COMPETITIVE SCENARIO             149

10.9.1      PRODUCT LAUNCHES   150

10.9.2      DEALS  150

10.9.3      EXPANSIONS     152

11            COMPANY PROFILES      153

11.1         KEY PLAYERS     153

11.1.1      ABB        153

11.1.1.1  Business overview 153

11.1.1.2  Products/Solutions/Services offered 154

11.1.1.3  Recent developments           155

11.1.1.3.1                Deals      155

11.1.1.3.2                Expansions             156

11.1.1.3.3                Other developments             157

11.1.1.4  MnM view              157

11.1.1.4.1                Key strengths        157

11.1.1.4.2                Strategic choices   157

11.1.1.4.3                Weaknesses and competitive threats 157

11.1.2      SIEMENS              158

11.1.2.1  Business overview 158

11.1.2.2  Products/Solutions/Services offered 159

11.1.2.3  Recent developments           160

11.1.2.3.1                Product launches  160

11.1.2.3.2                Deals      160

11.1.2.4  MnM view              161

11.1.2.4.1                Key strengths        161

11.1.2.4.2                Strategic choices   161

11.1.2.4.3                Weaknesses and competitive threats 161

11.1.3      HITACHI ENERGY LTD. 162

11.1.3.1  Business overview 162

11.1.3.2  Products/Solutions/Services offered 163

11.1.3.3  Recent developments           164

11.1.3.3.1                Developments       164

11.1.3.4  MnM view              164

11.1.3.4.1                Key strengths        164

11.1.3.4.2                Strategic choices   164

11.1.3.4.3                Weaknesses and competitive threats 164

11.1.4      EATON 165

11.1.4.1  Business overview 165

11.1.4.2  Products/Solutions/Services offered 166

11.1.4.3  Recent developments           167

11.1.4.3.1                Deals      167

11.1.4.3.2                Expansions             167

11.1.4.4  MnM view              168

11.1.4.4.1                Key strengths        168

11.1.4.4.2                Strategic choices   168

11.1.4.4.3                Weaknesses and competitive threats 168

11.1.5      GENERAL ELECTRIC COMPANY 169

11.1.5.1  Business overview 169

11.1.5.2  Products/Solutions/Services offered 170

11.1.5.3  Recent developments           171

11.1.5.3.1                Deals      171

11.1.5.3.2                Other developments             171

11.1.5.4  MnM view              171

11.1.5.4.1                Key strengths        171

11.1.5.4.2                Strategic choices   172

11.1.5.4.3                Weaknesses and competitive threats 172

11.1.6      TRENCH GROUP               173

11.1.6.1  Business overview 173

11.1.6.2  Products/Solutions/Services offered 174

11.1.6.3  Recent developments           174

11.1.6.3.1                Deals      174

11.1.7      RHM INTERNATIONAL, LLC        175

11.1.7.1  Business overview 175

11.1.7.2  Products/Solutions/Services offered 175

11.1.8      PFISTERER HOLDING SE               176

11.1.8.1  Business overview 176

11.1.8.2  Products/Solutions/Services offered 176

11.1.9      BUSHING (BEIJING) HV ELECTRIC CO., LTD.       178

11.1.9.1  Business overview 178

11.1.9.2  Products/Solutions/Services offered 178

11.1.10   YASH HIGHVOLTAGE INSULATORS PVT. LTD.   180

11.1.10.1                 Business overview 180

11.1.10.2                 Products/Solutions/Services offered 181

11.1.10.3                 Recent developments           181

11.1.10.3.1             Product launches  181

11.1.11   NU-CORK PRODUCTS PVT LTD 182

11.1.11.1                 Business overview 182

11.1.11.2                 Products/Solutions/Services offered 182

11.1.12   SHANDONG CHINSUN ELECTRICAL EQUIPMENT CO., LTD        183

11.1.12.1                 Business overview 183

11.1.12.2                 Products/Solutions/Services offered 183

11.2         OTHER PLAYERS              185

11.2.1      DALIAN HIVOLT POWER SYSTEM CO., LTD.        185

11.2.2      NANJING ELECTRIC HV BUSHING CO., LTD.        186

11.2.3      BAODING HEWEI POWER TECHNOLOGY CO., LTD.                 187

11.2.4      MASSA IZOLYATOR MEHRU PVT. LTD.  188

11.2.5      NANJING RAINBOW ELECTRIC CO., LTD                189

12            APPENDIX           190

12.1         INSIGHTS FROM INDUSTRY EXPERTS     190

12.2         DISCUSSION GUIDE        190

12.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                193

12.4         CUSTOMIZATION OPTIONS        195

12.5         RELATED REPORTS         195

12.6         AUTHOR DETAILS           196

LIST OF TABLES

TABLE 1                INCLUSIONS & EXCLUSIONS, BY TYPE   20

TABLE 2                INCLUSIONS & EXCLUSIONS, BY APPLICATION                 21

TABLE 3                INCLUSIONS & EXCLUSIONS, BY END USER                 21

TABLE 4                INCLUSIONS & EXCLUSIONS, BY REGION                 21

TABLE 5                LIST OF KEY SECONDARY SOURCES        25

TABLE 6                LIST OF PRIMARY INTERVIEW PARTICIPANTS                 26

TABLE 7                RIP & RIF BUSHINGS MARKET SIZE ESTIMATION METHODOLOGY (DEMAND SIDE)           29

TABLE 8                RIP & RIF BUSHINGS MARKET: RISK ANALYSIS                 35

TABLE 9                RIP & RIF BUSHINGS MARKET SNAPSHOT                 36

TABLE 10              ROLE OF COMPANIES IN ELECTRICAL BUSHINGS ECOSYSTEM 57

TABLE 11              LIST OF KEY CONFERENCES AND EVENTS, 2025–2026        64

TABLE 12              MFN TARIFF FOR HS CODE 854620-COMPLIANT PRODUCTS, BY COUNTRY, 2023 66

TABLE 13              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  67

TABLE 14              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 67

TABLE 15              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 68

TABLE 16              MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS             68

TABLE 17              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  69

TABLE 18              CODES AND REGULATIONS        69

TABLE 19              IMPORT DATA FOR HS CODE 854620-COMPLIANT PRODUCTS, BY COUNTRY,  2019–2023 (USD THOUSAND)      70

TABLE 20              EXPORT DATA FOR HS CODE 854620-COMPLIANT PRODUCTS, BY COUNTRY,  2019–2023 (USD THOUSAND)      71

TABLE 21              LIST OF KEY PATENTS, 2020–2023              74

TABLE 22              PORTER’S FIVE FORCES ANALYSIS           76

TABLE 23              INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER               78

TABLE 24              KEY BUYING CRITERIA, BY END USER    79

TABLE 25              RIP & RIF BUSHINGS MARKET, BY TYPE, 2021–2023 (USD MILLION)       86

TABLE 26              RIP & RIF BUSHINGS MARKET, BY TYPE, 2024–2032 (USD MILLION)       86

TABLE 27              RESIN-IMPREGNATED PAPER BUSHINGS MARKET, BY REGION,

2021–2023 (USD MILLION)            87

TABLE 28              RESIN IMPREGNATED PAPER BUSHINGS MARKET, BY REGION,

2024–2032 (USD MILLION)            88

TABLE 29              RESIN-IMPREGNATED FIBERGLASS BUSHINGS MARKET, BY REGION,

2021–2023 (USD MILLION)            89

TABLE 30              RESIN-IMPREGNATED FIBERGLASS BUSHINGS MARKET, BY REGION,

2024–2032 (USD MILLION)            89

TABLE 31              RIP & RIF BUSHINGS MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            91

TABLE 32              RIP & RIF BUSHINGS MARKET, BY APPLICATION, 2024–2032 (USD MILLION)            91

TABLE 33              TRANSFORMERS: RIP & RIF BUSHINGS MARKET, BY REGION,

2021–2023 (USD MILLION)            92

TABLE 34              TRANSFORMERS: RIP & RIF BUSHINGS MARKET, BY REGION,

2024–2032 (USD MILLION)            92

TABLE 35              SWITCHGEARS: RIP & RIF BUSHINGS MARKET, BY REGION,

2021–2023 (USD MILLION)            93

TABLE 36              SWITCHGEARS: RIP & RIF BUSHINGS MARKET, BY REGION,

2024–2032 (USD MILLION)            94

TABLE 37              OTHER APPLICATIONS: RIP & RIF BUSHINGS MARKET, BY REGION,

2021–2023 (USD MILLION)            94

TABLE 38              OTHER APPLICATIONS: RIP & RIF BUSHINGS MARKET, BY REGION,

2024–2032 (USD MILLION)            95

TABLE 39              RIP & RIF BUSHINGS MARKET, BY END USER, 2021–2023 (USD MILLION)            97

TABLE 40              RIP & RIF BUSHINGS MARKET, BY END USER, 2024–2032 (USD MILLION)            97

TABLE 41              UTILITIES: RIP & RIF BUSHINGS MARKET, BY REGION, 2021–2023 (USD MILLION)          98

TABLE 42              UTILITIES: RIP & RIF BUSHINGS MARKET, BY REGION, 2024–2032 (USD MILLION)          98

TABLE 43              INDUSTRIAL: RIP & RIF BUSHINGS MARKET, BY REGION,

2021–2023 (USD MILLION)            99

TABLE 44              INDUSTRIAL: RIP & RIF BUSHINGS MARKET, BY REGION,

2024–2032 (USD MILLION)            100

TABLE 45              RESIDENTIAL & COMMERCIAL: RIP & RIF BUSHINGS MARKET, BY REGION,

2021–2023 (USD MILLION)            101

TABLE 46              RESIDENTIAL & COMMERCIAL: RIP & RIF BUSHINGS MARKET, BY REGION,

2024–2032 (USD MILLION)            101

TABLE 47              RIP & RIF BUSHINGS MARKET, BY REGION, 2021–2023 (USD MILLION)       104

TABLE 48              RIP & RIF BUSHINGS MARKET, BY REGION, 2024–2032 (USD MILLION)       105

TABLE 49              ASIA PACIFIC: RIP & RIF BUSHINGS MARKET, BY TYPE, 2021–2023 (USD MILLION)                106

TABLE 50              ASIA PACIFIC: RIP & RIF BUSHINGS MARKET, BY TYPE, 2024–2032 (USD MILLION)                107

TABLE 51              ASIA PACIFIC: RIP & RIF BUSHINGS MARKET, BY END USER,

2021–2023 (USD MILLION)            107

TABLE 52              ASIA PACIFIC: RIP & RIF BUSHINGS MARKET, BY END USER,

2024–2032 (USD MILLION)            107

TABLE 53              ASIA PACIFIC: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            107

TABLE 54              ASIA PACIFIC: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2024–2032 (USD MILLION)            108

TABLE 55              ASIA PACIFIC: RIP & RIF BUSHINGS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            108

TABLE 56              ASIA PACIFIC: RIP & RIF BUSHINGS MARKET, BY COUNTRY,

2024–2032 (USD MILLION)            108

TABLE 57             NORTH AMERICA: RIP & RIF BUSHINGS MARKET, BY TYPE,

2021–2023 (USD MILLION)            114

TABLE 58             NORTH AMERICA: RIP & RIF BUSHINGS MARKET, BY TYPE,

2024–2032 (USD MILLION)            115

TABLE 59             NORTH AMERICA: RIP & RIF BUSHINGS MARKET, BY END USER,

2021–2023 (USD MILLION)            115

TABLE 60             NORTH AMERICA: RIP & RIF BUSHINGS MARKET, BY END USER,

2024–2032 (USD MILLION)            115

TABLE 61             NORTH AMERICA: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            115

TABLE 62             NORTH AMERICA: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2024–2032 (USD MILLION)            116

TABLE 63             NORTH AMERICA: RIP & RIF BUSHINGS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            116

TABLE 64             NORTH AMERICA: RIP & RIF BUSHINGS MARKET, BY COUNTRY,

2024–2032 (USD MILLION)            116

TABLE 65             EUROPE: RIP & RIF BUSHINGS MARKET, BY TYPE, 2021–2023 (USD MILLION)            118

TABLE 66             EUROPE: RIP & RIF BUSHINGS MARKET, BY TYPE, 2024–2032 (USD MILLION)            119

TABLE 67              EUROPE: RIP & RIF BUSHINGS MARKET, BY END USER,

2021–2023 (USD MILLION)            119

TABLE 68              EUROPE: RIP & RIF BUSHINGS MARKET, BY END USER,

2024–2032 (USD MILLION)            119

TABLE 69              EUROPE: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            119

TABLE 70              EUROPE: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2024–2032 (USD MILLION)            120

TABLE 71              EUROPE: RIP & RIF BUSHINGS MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     120

TABLE 72              EUROPE: RIP & RIF BUSHINGS MARKET, BY COUNTRY, 2024–2032 (USD MILLION)     120

TABLE 73              MIDDLE EAST & AFRICA: RIP & RIF BUSHINGS MARKET, BY TYPE,

2021–2023 (USD MILLION)            124

TABLE 74              MIDDLE EAST & AFRICA: RIP & RIF BUSHINGS MARKET, BY TYPE,

2024–2032 (USD MILLION)            124

TABLE 75              MIDDLE EAST & AFRICA: RIP & RIF BUSHINGS MARKET, BY END USER,

2021–2023 (USD MILLION)            124

TABLE 76              MIDDLE EAST & AFRICA: RIP & RIF BUSHINGS MARKET, BY END USER,

2024–2032 (USD MILLION)          125

TABLE 77              MIDDLE EAST & AFRICA: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            125

TABLE 78              MIDDLE EAST & AFRICA: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2024–2032 (USD MILLION)            125

TABLE 79              MIDDLE EAST & AFRICA: RIP & RIF BUSHINGS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            125

TABLE 80              MIDDLE EAST & AFRICA: RIP & RIF BUSHINGS MARKET, BY COUNTRY,

2024–2032 (USD MILLION)            126

TABLE 81              SOUTH AMERICA: RIP & RIF BUSHINGS MARKET, BY TYPE,

2021–2023 (USD MILLION)            129

TABLE 82              SOUTH AMERICA: RIP & RIF BUSHINGS MARKET, BY TYPE,

2024–2032 (USD MILLION)            129

TABLE 83              SOUTH AMERICA: RIP & RIF BUSHINGS MARKET, BY END USER,

2021–2023 (USD MILLION)            129

TABLE 84              SOUTH AMERICA: RIP & RIF BUSHINGS MARKET, BY END USER,

2024–2032 (USD MILLION)            130

TABLE 85              SOUTH AMERICA: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            130

TABLE 86              SOUTH AMERICA: RIP & RIF BUSHINGS MARKET, BY APPLICATION,

2024–2032 (USD MILLION)            130

TABLE 87              SOUTH AMERICA: RIP & RIF BUSHINGS MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            130

TABLE 88              SOUTH AMERICA: RIP & RIF BUSHINGS MARKET, BY COUNTRY,

2024–2032 (USD MILLION)            131

TABLE 89              RIP & RIF BUSHINGS MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2021–2024          133

TABLE 90              RIP & RIF BUSHINGS MARKET: DEGREE OF COMPETITION, 2023       137

TABLE 91              RIP & RIF BUSHINGS MARKET: REGION FOOTPRINT, 2023             144

TABLE 92              RIP & RIF BUSHINGS MARKET: TYPE FOOTPRINT, 2023             145

TABLE 93              RIP & RIF BUSHINGS MARKET: APPLICATION FOOTPRINT, 2023             146

TABLE 94              RIP & RIF BUSHINGS MARKET: DETAILED LIST OF KEY STARTUPS/SMES              148

TABLE 95              RIP & RIF BUSHINGS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          149

TABLE 96              RIP & RIF BUSHINGS MARKET: PRODUCT LAUNCHES,

JANUARY 2021–OCTOBER 2024   150

TABLE 97              RIP & RIF BUSHINGS MARKET: DEALS, JANUARY 2021–OCTOBER 2024        150

TABLE 98              RIP & RIF BUSHINGS MARKET: EXPANSIONS, JANUARY 2021–OCTOBER 2024   152

TABLE 99              ABB: COMPANY OVERVIEW         153

TABLE 100            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             154

TABLE 101            ABB: DEALS        155

TABLE 102            ABB: EXPANSIONS           156

TABLE 103            ABB: OTHER DEVELOPMENTS   157

TABLE 104            SIEMENS: COMPANY OVERVIEW               158

TABLE 105            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             159

TABLE 106            SIEMENS: PRODUCT LAUNCHES               160

TABLE 107            SIEMENS: DEALS               160

TABLE 108            HITACHI ENERGY LTD.: COMPANY OVERVIEW                 162

TABLE 109            HITACHI ENERGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    163

TABLE 110            HITACHI ENERGY LTD.: DEVELOPMENTS                 164

TABLE 111            EATON: COMPANY OVERVIEW  165

TABLE 112            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             166

TABLE 113            EATON: DEALS 167

TABLE 114            EATON: EXPANSIONS    167

TABLE 115            GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW          169

TABLE 116            GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    170

TABLE 117            GENERAL ELECTRIC COMPANY: DEALS 171

TABLE 118            GENERAL ELECTRIC COMPANY: OTHER DEVELOPMENTS              171

TABLE 119            TRENCH GROUP: COMPANY OVERVIEW                 173

TABLE 120            TRENCH GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    174

TABLE 121            TRENCH GROUP: DEALS               174

TABLE 122            RHM INTERNATIONAL, LLC: COMPANY OVERVIEW          175

TABLE 123            RHM INTERNATIONAL, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    175

TABLE 124            PFISTERER HOLDING SE: COMPANY OVERVIEW                 176

TABLE 125            PFISTERER HOLDING SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    176

TABLE 126            BUSHING (BEIJING) HV ELECTRIC CO., LTD.: COMPANY OVERVIEW   178

TABLE 127            BUSHING (BEIJING) HV ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    178

TABLE 128            YASH HIGHVOLTAGE INSULATORS PVT. LTD.: COMPANY OVERVIEW   180

TABLE 129            YASH HIGHVOLTAGE INSULATORS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    181

TABLE 130            YASH HIGHVOLTAGE INSULATORS PVT. LTD.: PRODUCT LAUNCHES   181

TABLE 131            NU-CORK PRODUCTS PVT LTD: COMPANY OVERVIEW          182

TABLE 132            NU-CORK PRODUCTS PVT LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    182

TABLE 133            SHANDONG CHINSUN ELECTRICAL EQUIPMENT CO., LTD: COMPANY OVERVIEW    183

TABLE 134            SHANDONG CHINSUN ELECTRICAL EQUIPMENT CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED             183

LIST OF FIGURES

FIGURE 1              RIP & RIF BUSHINGS MARKET SEGMENTATION AND REGIONAL SCOPE 20

FIGURE 2              STUDY YEARS CONSIDERED       22

FIGURE 3              RIP & RIF BUSHINGS MARKET: RESEARCH DESIGN                24

FIGURE 4              KEY DATA FROM SECONDARY SOURCES                 25

FIGURE 5              KEY DATA FROM PRIMARY SOURCES     26

FIGURE 6              KEY INSIGHTS FROM INDUSTRY EXPERTS                 27

FIGURE 7              BREAKDOWN OF PRIMARIES, BY COMPANY TYPE, DESIGNATION, AND REGION        27

FIGURE 8              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR RIP & RIF BUSHINGS         28

FIGURE 9              RIP & RIF BUSHINGS MARKET: BOTTOM-UP APPROACH         28

FIGURE 10            RIP & RIF BUSHINGS MARKET: REGIONAL ANALYSIS (BOTTOM-UP APPROACH)     29

FIGURE 11            RIP & RIF BUSHINGS MARKET: COUNTRY-LEVEL ANALYSIS

(BOTTOM-UP APPROACH)          30

FIGURE 12            RIP & RIF BUSHINGS MARKET: TOP-DOWN APPROACH         31

FIGURE 13            KEY STEPS CONSIDERED TO ASSESS SUPPLY OF RIP & RIF BUSHINGS       32

FIGURE 14            RIP & RIF BUSHINGS MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE)               32

FIGURE 15            RIP & RIF BUSHINGS MARKET: DATA TRIANGULATION             34

FIGURE 16            RESIN-IMPREGNATED PAPER BUSHINGS SEGMENT TO DOMINATE MARKET BETWEEN 2024 AND 2032                 37

FIGURE 17            TRANSFORMERS SEGMENT TO CAPTURE LARGEST SHARE OF RIP & RIF BUSHINGS MARKET IN 2032                 37

FIGURE 18            UTILITIES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024             38

FIGURE 19            ASIA PACIFIC HELD LARGEST SHARE OF RIP & RIF BUSHINGS MARKET IN 2023 38

FIGURE 20            RISING EMPHASIS ON GRID MODERNIZATION TO ENHANCE POWER TRANSMISSION EFFICIENCY TO DRIVE MARKET               40

FIGURE 21            RESIN-IMPREGNATED PAPER BUSHINGS AND CHINA CAPTURED LARGEST SEGMENTAL SHARES OF RIP & RIF BUSHINGS MARKET IN ASIA PACIFIC IN 2023       41

FIGURE 22            RESIN-IMPREGNATED PAPER BUSHINGS SEGMENT TO ACCOUNT FOR ALMOST TOTAL MARKET SHARE IN 2032  41

FIGURE 23            TRANSFORMERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2032             42

FIGURE 24            UTILITIES SEGMENT TO ACCOUNT FOR SIGNIFICANTLY LARGE MARKET SHARE

IN 2032  42

FIGURE 25            ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN RIP & RIF BUSHINGS MARKET FROM 2024 TO 2032    43

FIGURE 26            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    45

FIGURE 27            GLOBAL INVESTMENT IN POWER SECTOR, 2019–2023 (USD BILLION)             46

FIGURE 28            GLOBAL ANNUAL INVESTMENT IN GRID INFRASTRUCTURE,

2017–2023 (USD BILLION)             48

FIGURE 29            GLOBAL CLEAN ENERGY INVESTMENT, 2017–2023 (USD BILLION)        52

FIGURE 30            INCREASE IN ANNUAL CLEAN ENERGY INVESTMENT IN SELECTED COUNTRIES AND REGIONS, 2019–2023 (USD BILLION)        52

FIGURE 31            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   56

FIGURE 32            ECOSYSTEM ANALYSIS  57

FIGURE 33            INVESTMENT AND FUNDING SCENARIO, 2023 (USD BILLION) 58

FIGURE 34            SUPPLY CHAIN ANALYSIS             59

FIGURE 35            IMPORT DATA FOR HS CODE 854620-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023 (USD THOUSAND)           71

FIGURE 36            EXPORT DATA FOR HS CODE 854620-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023 (USD THOUSAND)           72

FIGURE 37            PATENTS APPLIED AND GRANTED, 2014–2023                 73

FIGURE 38            PORTER’S FIVE FORCES ANALYSIS           76

FIGURE 39            INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER               78

FIGURE 40            KEY BUYING CRITERIA, BY END USER    79

FIGURE 41            IMPACT OF GEN AI/AI ON RIP & RIF BUSHINGS MARKET, BY REGION     82

FIGURE 42            RIP & RIF BUSHINGS MARKET SHARE, BY TYPE, 2023        86

FIGURE 43            RIP & RIF BUSHINGS MARKET SHARE, BY APPLICATION, 2023         91

FIGURE 44            RIP & RIF BUSHINGS MARKET SHARE, BY END USER, 2023           97

FIGURE 45            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN RIP & RIF BUSHINGS MARKET

FROM 2024 TO 2032          104

FIGURE 46            RIP & RIF BUSHINGS MARKET SHARE, BY REGION, 2023     104

FIGURE 47            ASIA PACIFIC: RIP & RIF BUSHINGS MARKET SNAPSHOT          106

FIGURE 48            NORTH AMERICA: RIP & RIF BUSHINGS MARKET SNAPSHOT          114

FIGURE 49            RIP & RIF BUSHINGS MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS,

2019–2023 (USD BILLION)             136

FIGURE 50            MARKET SHARE ANALYSIS OF COMPANIES OFFERING RIP & RIF BUSHINGS, 2023      137

FIGURE 51            COMPANY VALUATION, 2024 (USD BILLION)                 139

FIGURE 52            FINANCIAL METRICS, 2024            140

FIGURE 53            PRODUCT COMPARISON              141

FIGURE 54            RIP & RIF BUSHINGS MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023       143

FIGURE 55            RIP & RIF BUSHINGS MARKET: COMPANY FOOTPRINT, 2023             144

FIGURE 56            RIP & RIF BUSHINGS MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023                148

FIGURE 57            ABB: COMPANY SNAPSHOT        154

FIGURE 58            SIEMENS: COMPANY SNAPSHOT               159

FIGURE 59            HITACHI ENERGY LTD.: COMPANY SNAPSHOT                 163

FIGURE 60            EATON: COMPANY SNAPSHOT  166

FIGURE 61            GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT          170