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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.
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 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.