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Silicon-Based Electrical Bushing Market Trends

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

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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.

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.