Home > Energy & Power > Electrical Equipment > Electrical Bushings > North America Electrical Bushing Market

North America Electrical Bushing Market Trends

Report ID: GMI8823
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

North America Electrical Bushing Market Trends

In recent years, regulators across the region have not only maintained investments in advancing technologies but have also expanded their capabilities in analytics and modeling to adapt to evolving policy and technological requirements. For instance, in August 2022, the U.S. government introduced the Inflation Reduction Act of 2022, which includes new measures and amendments aimed at enhancing energy security, efficiency, and the transition to sustainable alternatives. This legislation also encompasses initiatives to modernize the electricity grid and promote the development of long-distance transmission lines within the country, which will foster the growth of electrical bushing industry.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for electrical bushing in North America reached USD 898.2 million in 2023 and is set to witness 6.6% CAGR till 2032, led by increased electricity demand and importance of ensuring dependable power supply.

The switchgear application segment is poised to grow at 5.5% CAGR up to 2032, driven by the increasing need for bushings to accompany high-voltage switchgear.

The U.S. electrical bushing industry is projected to surpass USD 950 million by 2032, propelled by the increasing necessity for retrofitting and modernizing the existing grid network.

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