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Industrial Mineral-Based Electrical Bushing Market Trends

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

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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.

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