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OIP Electrical Bushing Market Trends

Report ID: GMI9525
Published Date: May 2024
Report Format: PDF

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OIP Electrical Bushing Market Trends

The integration of digital technologies and smart grid solutions is revolutionizing the utility sector, driving the adoption of intelligent OIP electrical bushings equipped with sensors and communication capabilities. Real-time monitoring, predictive maintenance, and remote diagnostics enable proactive asset management, improving grid reliability and performance. The OIP electrical bushing industry is witnessing consolidation activities as key players seek to expand their product portfolios, geographic presence, and technological capabilities through mergers, acquisitions, and strategic partnerships. Collaborations between manufacturers, utilities, and research institutions are fostering innovation and accelerating product development cycles.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of OIP electrical bushing was recorded USD 2.63 billion in 2023 and will expand at 6.3% CAGR between 2024 and 2032 owing to the increasing demand for electricity in both developed and emerging economies and the expansion of renewable energy projects.

OIP electrical bushing market size from the mineral based segment will register USD 3.05 billion by 2032, attributed to the inherent advantages of mineral-based materials, including high thermal conductivity, excellent insulation properties, and robust mechanical strength.

Asia Pacific OIP electrical bushing market will reach USD 1.55 billion by 2032, driven by rapid urbanization, industrialization, and infrastructural expansion across countries like China, India, and Southeast Asian nations.

Prominent firms operating in the OIP electrical bushing industry are ABB, CG Power and Industrial Solutions, Eaton, Elliot Industries, General Electric, GIPRO, Hitachi Energy, Hubbell, Meister International, LLC, Nexans, Poinsa, Polycast, PFISTERER Holding SE, and Siemens Energy,