Industrial Mineral-Based Electrical Bushing Market Size - By Insulation, By Voltage, By Application Analysis, Share & Growth Forecast, 2024 – 2032

Industrial Mineral-Based Electrical Bushing Market Size

The global industrial mineral-based electrical bushing market was valued at USD 540.3 million in 2023 and is set to grow at a CAGR of 6.4% from 2024 to 2032. The global expansion of power infrastructure, particularly in industrial sectors such as power generation and transmission, is driving increased demand for high-voltage electrical bushings. Mineral-based bushings, especially those utilizing oil-impregnated paper (OIP) and resin-bonded materials, are preferred in high-voltage applications due to their superior dielectric strength and reliability.
 

The industrial mineral-based electrical bushing industry is shifting towards eco-friendly and sustainable materials. Utilities and industrial sectors are increasingly adopting mineral-based bushings that use biodegradable components and non-toxic oils. This trend reflects a broader effort to reduce carbon footprints and minimize environmental impact in the industry. The electrical bushing industry is embracing eco-friendly materials. Utilities and industries are adopting mineral-based bushings with biodegradable parts and non-toxic oils. This change aims to reduce carbon emissions and environmental impact.
 

Industrial Mineral-Based Electrical Bushing Market Trends

Extreme weather events and the need for resilient power grids have pushed utility companies to focus on reliable components. Mineral-based bushings are vital in this shift, offering superior insulation and durability in harsh conditions. The integration of smart grid technologies and digitalization is driving the adoption of bushings equipped with monitoring systems. Mineral-based bushings with sensors are gaining traction in industrial applications. These sensors provide real-time data on performance, temperature, and potential failures, helping to minimize downtime and enhance safety.
 

Industrial Mineral-Based Electrical Bushing Market Analysis

Based on insulation, the polymeric segment is projected to exceed USD 310 million by 2032. Polymeric bushings, made from materials like silicone rubber and epoxy resin, are gaining popularity in industry. They offer better insulation, resist environmental damage, and weigh less than traditional porcelain or mineral bushings. These durable materials withstand weather, pollution, and chemicals well, making them ideal for industrial use.
 

Based on application, the transformer segment is anticipated to grow at a CAGR of more than 5.5% through 2032. Rising global electricity demand, especially in emerging markets and industries, is increasing the need for high-voltage transformers. Mineral-based bushings, mainly oil-impregnated paper (OIP) types, are favoured in these transformers. Their superior dielectric properties and proven reliability in handling high electrical stress make them the preferred choice.
 

The U.S. industrial mineral-based electrical bushing market is set to surpass USD 415.3 million by 2032. The U.S. is modernizing its aging power grid. Many transformers and components, including electrical bushings, need replacement after decades of use. Mineral-based bushings, like oil-impregnated paper (OIP) and resin-bonded paper (RBP), are popular choices for high-voltage transformer upgrades. Their reliability and long-term performance make them well-suited for this infrastructure overhaul.
 

Asia-Pacific is seeing major investments in power networks to meet rising energy needs. China, India, Japan, and Southeast Asian nations are expanding high-voltage systems, boosting demand for mineral-based bushings in transformers and electrical equipment. The need for reliable, long-lasting parts has made oil-impregnated paper (OIP) and resin-bonded paper (RBP) bushings popular choices for these projects.
 

Industrial Mineral-Based Electrical Bushing Market Share

ABB holds a leading position in the industrial mineral-based electrical bushing business, renowned for its extensive expertise in manufacturing a comprehensive range of electrical bushings. Their portfolio includes both traditional bushing types and various adaptations, along with related products. With a rich history in the electrical equipment industry, ABB has consistently provided tailored bushing solutions to meet the diverse needs of various applications.
 

Industrial Mineral-Based Electrical Bushing Market Companies

Major key players operating across the industrial mineral-based electrical bushing industry are:

• ABB
• Barberi
• CG Power
• Eaton
• Elliot Industries
• General Electric
• GIPRO
• Hitachi Energy
• Hubbell
• Jiangxi Johnson Electric
• Liyond
• Maschinenfabrik Reinhausen
• Meister International
• Nexans
• PFISTERER
• Poinsa
• Polycast
• Siemens Energy
   

Industrial Mineral-Based Electrical Bushing Industry News

• In February 2024, Jiangxi Electric Co., Ltd. began building at their factory named as Qiangsheng Electric Porcelain. This move shows the company's aim to improve and grow its electric porcelain production. As Qiangsheng Electric Porcelain Factory prepares to expand, it aims to drive industry progress and address changing market needs.
   
• In November 2023, Hitachi Energy's Vadodara factory won a Recognition Award for RIP bushings from BHEL, a key partner. India's Heavy Industries Minister, Shri Mahendra Pandey, presented the award, highlighting Hitachi Energy's quality, innovation, and support for the "Make in India" initiative.
   

This industrial mineral-based electrical bushing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Insulation

• Porcelain
• Polymeric
• Glass

Market, By Voltage

• Medium Voltage
• High Voltage
• Extra High Voltage

Market, By Application

• Transformer
• Switchgear
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Russia
  • UK
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina