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Silicon-Based Electrical Bushing Market Size - By Insulation (Porcelain, Polymeric, Glass), By Voltage, By Application, By End Use, Regional Outlook & Forecast, 2024 – 2032

  • Report ID: GMI11001
  • Published Date: Aug 2024
  • Report Format: PDF

Silicon-Based Electrical Bushing Market Size

Silicon-Based Electrical Bushing Market was valued at USD 602 million in 2023 and is set to grow at a CAGR of 7.1% from 2024 to 2032, driven by advancements in materials science and the increasing demand for high-performance insulation solutions in power transmission and distribution networks. Silicon-based bushings, known for their superior thermal stability, dielectric properties, and resistance to environmental stress, are becoming the preferred choice in applications where reliability and longevity are critical.
 

Silicon-Based Electrical Bushing Market

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Additionally, the push for renewable energy sources and the modernization of aging power grids are further fuelling the demand for silicon-based electrical bushings. This market is characterized by continuous innovation, with leading manufacturers focusing on developing products that meet stringent international standards and cater to the evolving needs of the energy sector.
 

Silicon-Based Electrical Bushing Market Trends

The silicon-based electrical bushing industry is undergoing significant transformation, driven by a combination of technological advancements and evolving demands in the power sector. Silicon-based bushings are gaining prominence due to their exceptional thermal stability, high dielectric strength, and robust resistance to harsh environmental conditions, making them ideal for use in critical power transmission and distribution applications. These bushings are increasingly favoured in projects that require long-lasting, reliable insulation, particularly in high-voltage and ultra-high-voltage systems.
 

Furthermore, the integration of smart technologies, such as condition monitoring sensors, is becoming more common, enabling real-time diagnostics and predictive maintenance. This shift towards intelligent systems aligns with the broader digitalization efforts in grid infrastructure, where real-time data and analytics are essential for optimizing performance and ensuring grid stability.
 

Silicon-Based Electrical Bushing Market Analysis

Silicon-Based Electrical Bushing Market Size, By Insulation, 2022-2032 (USD Million)
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Based on insulation, the polymeric insulation segment is projected to surpass USD 350 million by 2032, driven by the increasing adoption of polymeric materials in power transmission and distribution systems. Polymeric bushings, made from advanced polymers such as epoxy resin and silicone rubber, are gaining traction due to their superior properties, including high dielectric strength, excellent weather resistance, and lightweight nature. These characteristics make them particularly well-suited for outdoor and harsh environmental conditions, where traditional porcelain bushings may be more prone to cracking and degradation.
 

Silicon-Based Electrical Bushing Market Revenue Share, By End Use, 2023
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Based on end use, the industries segment is set to grow at a CAGR of over 7.1% through 2032, driven by the increasing demand for reliable and efficient insulation solutions in industrial power systems. Electrical bushings, which provide an interface for high-voltage current to pass safely through grounded barriers, are critical components in transformers, switchgear, and other industrial electrical equipment.
 

Asia Pacific Silicon-Based Electrical Bushing Market Size, 2022-2032 (USD Million)
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Asia Pacific silicon-based electrical bushing market is set to exceed USD 380 million by 2032. Silicon-based bushings are increasingly being used in high-voltage applications due to their superior electrical insulation properties and resistance to environmental stress. Their ability to perform reliably under extreme conditions makes them ideal for modernizing power grids and supporting high-voltage transmission infrastructure in the region. Moreover, the rapid expansion of power infrastructure across Asia Pacific, particularly in countries like China, India, and Indonesia, is a significant driver for the market growth.
 

The modernization of the electrical grid in the U.S. is a significant driver for the silicon-based electrical bushing industry. As utilities invest in upgrading and expanding their infrastructure to enhance grid reliability and efficiency, the need for advanced insulating solutions like silicon-based bushings is growing.
 

Silicon-Based Electrical Bushing Market Share

Global Silicon-Based Electrical Bushing Company Market Share Analysis, 2023

ABB holds a leading position in the silicon-based electrical bushing industry, leveraging its extensive expertise in producing a comprehensive range of electrical bushings. This portfolio includes both traditional types and their various adaptations, along with related products. With a strong legacy in the electrical equipment industry, ABB consistently delivers customized electrical bushing solutions tailored to a diverse array of applications.
 

Silicon-Based Electrical Bushing Market Companies

Eminent players operating in the silicon-based electrical bushing industry include:

  • ABB
  • Barberi Rubinetterie Industriali S.r.l.
  • CG Power and Industrial Solutions
  • Eaton
  • Elliot Industries
  • General Electric
  • GIPRO
  • Hitachi Energy
  • Hubbell
  • Jiangxi Johnson Electric Co.,Ltd.
  • Liyond
  • Meister International, LLC
  • Maschinenfabrik Reinhausen GmbH
  • Nexans
  • Poinsa
  • Polycast
  • PFISTERER Holding SE
  • Siemens Energy
     

Silicon-Based Electrical Bushing Industry News

  • In April 2023, Hitachi Energy recently introduced EasyDry, a groundbreaking paperless, dry-type high-voltage transformer bushing capable of handling up to 550 kV. This innovative product focuses on enhancing reliability, sustainability, and cost-effectiveness. The launch event drew around 100 attendees and featured an interactive session highlighting the TXpert Hub, which is central to Hitachi Energy's transformer digitalization ecosystem.
     
  • In October 2022, Yash Highvoltage Insulators Pvt. Ltd. is excited to introduce a new series of OIP Condenser Bushings. These advanced bushings, designed to meet IEEE standards and equipped with grey porcelain insulators and voltage taps, are now available for the U.S. market. They are set to travel 8,000 miles across the Atlantic to reach their destination.
     

This silicon-based electrical bushing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in ‘000 Units and USD Million from 2021 to 2032, for the following segments:

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Market, By Insulation

  • Porcelain
  • Polymeric
  • Glass

Market, By Voltage

  • Medium Voltage
  • High Voltage
  • Extra High Voltage

Market, By Application

  • Transformer
  • Switchgear
  • Others

Market, By End Use

  • Industries
  • Utility
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Italy
    • Spain
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Latin America
    • Brazil
    • Argentina

 

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of silicon-based electrical bushing was worth over USD 602 million in 2023 and will grow at a 7.1% CAGR between 2024 and 2032, propelled by its superior electrical insulation properties and resistance to high temperatures and harsh environmental conditions.
Silicon-based electrical bushing market from the industries segment is set to grow at a CAGR of over 7.1% through 2032, attributed to the critical role these components play in various industrial applications
Asia Pacific silicon-based electrical bushing industry will exceed USD 380 million by 2032, owing to growing demand for reliable electrical components in power generation and transmission systems, coupled with the expansion of renewable energy projects.
ABB, Barberi Rubinetterie Industriali S.r.l., CG Power and Industrial Solutions, Eaton, Elliot Industries, General Electric, GIPRO, Hitachi Energy, Hubbell, Jiangxi Johnson Electric Co. Ltd, Liyond, Meister International, LLC, Maschinenfabrik Reinhausen GmbH, Nexans, Poinsa, Polycast, PFISTERER Holding SE, and Siemens Energy, among others.

Silicon-Based Electrical Bushing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 20
  • Countries covered: 21
  • Pages: 80
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