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Mineral-Based Electrical Bushing Market Trends

Report ID: GMI10593
Published Date: Aug 2024
Report Format: PDF

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Mineral-Based Electrical Bushing Market Trends

Innovations in material science have led to the development of advanced mineral-based compounds that enhance the performance and longevity of electrical bushings. These improvements are critical in reducing maintenance costs and increasing the lifespan of power equipment. Increasingly stringent regulatory standards for safety and efficiency in the power sector are driving the adoption of high-quality insulation solutions. Compliance with these standards necessitates the use of advanced bushing technologies that can meet rigorous performance criteria. Ensuring grid stability and reliability is a top priority for utilities worldwide. High-performance mineral-based bushings play a crucial role in minimizing outages and enhancing the resilience of power grids, making them an integral component of modern power systems.

Authors: Ankit Gupta , Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of mineral-based electrical bushing was worth about USD 1.89 billion in 2023 and is anticipated to register 5.9% CAGR between 2024 and 2032, due to the expansion of power infrastructure projects along with rapid urbanization and industrial growth in emerging economies.

The porcelain segment in the mineral-based electrical bushing market is projected to reach USD 940 million by 2032, due to improved electrical and mechanical properties.

Asia Pacific mineral-based electrical bushing market is expected to cross USD 1.04 billion by 2032 due to increasing demand for reliable and efficient power transmission solutions.

ABB, Barberi Rubinetterie Industriali S.r.l., CG Power and Industrial Solutions, Eaton, Elliot Industries, General Electric, GIPRO, Hitachi Energy, and Hubbell, among others.