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Industrial Silicon-Based Electrical Bushing Market Trends

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

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Industrial Silicon-Based Electrical Bushing Market Trends

Industries need custom bushing solutions for specific uses. Manufacturers now offer tailored designs to meet exact voltage, current, and environmental needs. Recent improvements in silicon-based bushings enhance insulation, dielectric performance, and mechanical strength. These upgrades boost efficiency and make them more suitable for high-voltage uses. The global push for sustainability favors silicon-based bushings due to their recyclability and longevity. Manufacturers are embracing eco-friendly production, cutting waste, and meeting environmental standards. This trend gains importance as industries and governments seek to reduce emissions and adopt greener solutions.

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.