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Base Year: 2023
Companies covered: 18
Tables & Figures: 20
Countries covered: 20
Pages: 80
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Industrial Silicon-Based Electrical Bushing Market
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Industrial Silicon-Based Electrical Bushing Market Size
The global industrial silicon-based electrical bushing market was calculated at USD 171.8 million in 2023 and is envisioned to witness a CAGR of 7.6% by 2032. The industry is witnessing a gradual increase in the usage of silicon-based bushings. They can resist moisture and extreme temperature effectively, which makes them suitable for harsh conditions. These bushings require lesser maintenance and have a longer life, therefore saving time and cost for the companies. The electrical bushing industry is being forced towards green manufacturing due to stringent environmental regulations in the world. The silicon materials, which are known for durability and recyclability, complement these strategies and limit negative climate change effects.
There is an increasing need for silicone-based bushings in these regions due to their modern grid systems. Smart grid projects, particularly in North America and Europe, are fueling demand for advanced silicon-based bushings. These bushings provide better monitoring functions, enabling data collection and diagnostic exercises that help to enhance the performance of the grid.
Industrial Silicon-Based Electrical Bushing Market Trends
Certain bushing designs serve specific purposes in industries, requiring custom solutions from manufacturers. As a result, manufacturers are now able to create designs based on the exact voltage, current, and environmental conditions. Recent improvements in insulation and dielectric bushings that are also silicon based have been able to improve mechanical strength. These enhancements increase efficiency and expand the range of applications in which they can be employed due to their high voltage capabilities. Bushings made of silicon are increasingly favored due to their recyclability and longer lifespan which is in line with the current goal of global sustainability. Moreover, manufacturers are reducing waste and meeting environmental standards by adopting clean and green production methods.
Industrial Silicon-Based Electrical Bushing Market Analysis
The market is divided into categories based on glass, polymeric, and porcelain used as insulation materials. By 2032, the porcelain segment is anticipated to reach over USD 106.8 million. Electrical bushings are actively used in high-voltage electric power transmission and distribution networks as they are electrically insulating and have dielectric qualities. Utility companies are extending their grids and increasing spending on high voltage systems as the global demand for electricity rises. This situation is much more pronounced in rapidly developing industrial markets such as Asia-Pacific and Latin America, which creates a favorable environment for operational porcelain bushings expansion.
The industrial silicon-based electrical bushing market is categorized into transformers, switchgear, and other applications. The switchgear segment is poised to grow by more than 7.1% by the year 2032. Bushings made of silicon compounds are perfect for switchgear owing of their excellent insulation and heating functionalities. These adhere to high and medium voltage equipment since they aid in managing temperature and voltage fluctuations within the apparatus. When this material withstands the swelling and contracting due to heat, it lessens abrasion and extends the life of electrical equipment designed for industrial and utility applications.
The U.S. industrial silicon-based electrical bushing market is anticipated to surpass USD 43.2 million by 2032. This is attributed to a majority of the power grids in the country are outdated and therefore need to be replaced. Usual and routine silicon-based bushings are replaced by porcelain type bushings around the factories and pylons as they provide greater efficiency. For high voltage systems where reliability is most important, this performs the most significant function.
The Danish government together with other countries in Europe are reforming the power utility system in a bid to lower their consumption of carbon and be more energy-efficient. Apart from the heating functionalities which are critical in providing insulation when constructing high and medium voltage devices, silicon bushing also serves as an effective alternative. As Europe enhances its investment in improved grid technology, so will the use of these bushings to build new substations and transformers across the continent.
Industrial Silicon-Based Electrical Bushing Market Share
ABB is an industrial electrical bushing company that excels in the electrical bushing market, specializing in standard and customized solutions for its clients. Because of its broad experience in the electrical equipment market, the company is able to provide specialized bushing solutions for various applications.
Industrial Silicon-Based Electrical Bushing Market Companies
Some of the key market players operating across the industrial silicon-based electrical bushing industry are:
Industrial Silicon-Based Electrical Bushing Industry News
Industrial silicon-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:
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Market, By Insulation
Market, By Voltage
Market, By Application
The above information has been provided for the following regions and countries: