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Industrial Mineral-Based Electrical Bushing Market Size

Report ID: GMI11502
Published Date: Sep 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Industrial Mineral-Based Electrical Bushing Market Size in 2023:	USD 540.3 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6.4%
2032 Value Projection:	USD 951.5 Million
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	20
Segments covered:	Insulation, Voltage and Application
Growth Drivers:	Refurbishment of existing grid networks Rapid smart grid adoption Escalating demand for reliable & continuous electricity
Pitfalls & Challenges:	Fluctuating raw material cost

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Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of industrial mineral-based electrical bushing was worth over USD 540.3 million in 2023 and is set to grow at a 6.4% CAGR from 2024 to 2032, due to the global expansion of power infrastructure, particularly in industrial sectors, such as power generation and transmission.

The polymeric insulation segment in the industrial mineral-based electrical bushing market is projected to exceed USD 310 million by 2032, as they offer better insulation, resist environmental damage, and weigh less than traditional porcelain or mineral bushings.

U.S. industrial mineral-based electrical bushing market is set to surpass USD 415.3 million by 2032, as their reliability and long-term performance make them well-suited for this infrastructure overhaul.

ABB, Barberi, CG Power, Eaton, Elliot Industries, General Electric, GIPRO, Hitachi Energy, Hubbell, and Jiangxi Johnson Electric