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North America Electrical Bushing Market Size
- Report ID: GMI8823
- Published Date: Apr 2024
- Report Format: PDF
North America Electrical Bushing Market Size
North America Electrical Bushing Market size was valued at USD 898.2 million in 2023 and is projected to grow at a CAGR of 6.6% between 2024 and 2032. In recent years, the rise of population growth has notably increased the electricity demand. The thriving GDP of developed economies has not only led to the proliferation of new industrial facilities but also heightened the importance of ensuring a dependable power supply.
Consequently, manufacturers across the region are prioritizing the reinforcement of their current power infrastructure by adopting efficient, secure, and sustainable products. For instance, in August 2022, Maschinenfabrik Reinhausen GmbH (MR) has acquired ADVANCED TESTING SYSTEMS INC, enhancing its proficiency in electrical testing for medium and high voltage equipment in the United States.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Electrical Bushing Market Size in 2023: | USD 898.2 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 6.6% |
| 2024 – 2032 Value Projection: | USD 1.61 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 281 |
| Segments covered: | Bushing Type, Insulation, Voltage, Application, End Use q |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Electrical Bushing Market Scope
