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Industrial Silicon-Based Electrical Bushing Market Analysis

  • Report ID: GMI12094
  • Published Date: Nov 2024
  • Report Format: PDF

Industrial Silicon-Based Electrical Bushing Market Analysis

The market is divided into categories based on insulation materials, including glass, polymeric, and porcelain. The porcelain segment is projected to surpass USD 106.8 million through 2032. Porcelain bushings are key components in high-voltage transmission and distribution networks, prized for their strong insulation and dielectric properties. As worldwide electricity needs grow, utilities are expanding their grids and investing in high-voltage projects. This trend is especially prominent in fast-growing industrial regions like Asia-Pacific and Latin America, spurring demand for reliable porcelain bushings.
 

Industrial Silicon-Based Electrical Bushing Market Share, By Application, 2023

The industrial silicon-based electrical bushing market is segmented by application into transformers, switchgear, and other categories. The switchgear segment is anticipated to experience a growth rate exceeding 7.1% through 2032. Silicon-based bushings are ideal for switchgear due to their excellent heat resistance and insulation. These qualities help handle the high temperatures and voltage changes in switchgear, making them popular for high and medium-voltage equipment. The material's ability to withstand heat-related expansion and shrinking reduces wear, ensuring long-lasting performance in industrial and utility settings.
 

U.S. Industrial Silicon-Based Electrical Bushing Market, 2022-2032 (USD Million)

The U.S. industrial silicon-based electrical bushing market is projected to exceed USD 43.2 million by 2032. Much of the U.S. power grid is old and needs upgrades. As utilities and factories update their systems, they're turning to better bushings. Silicon-based options are becoming popular, offering better insulation and lasting longer than old porcelain types. This matters most for high-voltage systems where reliability is key.
 

Europe's power grid is modernizing to meet carbon reduction and energy efficiency goals. Silicon-based bushings are key to this effort, providing insulation and durability in high and medium-voltage equipment. As Europe invests in advanced grid infrastructure, these bushings are increasingly used in upgraded substations and transformers across the continent.
 

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of industrial silicon-based electrical bushing reached USD 171.8 million in 2023 and is set to grow at a 7.6% CAGR from 2024 to 2032, driven by the increasing adoption of silicon-based bushings due to their resistance to moisture and extreme temperatures.

The porcelain segment is projected to surpass USD 106.8 million by 2032, facing challenges such as the need for strong insulation and dielectric properties in high-voltage transmission and distribution networks.

The switchgear segment is anticipated to experience a growth rate exceeding 7.1% through 2032, propelled by the excellent heat resistance and insulation properties of silicon-based bushings.

The U.S. market is projected to exceed USD 43.2 million by 2032, led by the need to upgrade the aging power grid and the superior insulation properties of silicon-based bushings.

Industrial Silicon-Based Electrical Bushing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 20
  • Countries covered: 20
  • Pages: 80
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