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Utility Scale Electrical Bushing Market Trends

Report ID: GMI10002
Published Date: Jun 2024
Report Format: PDF

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Utility Scale Electrical Bushing Market Trends

The increasing number of renewable energy projects, such as wind and solar farms, is boosting the demand for electrical bushings that can efficiently manage the electrical loads and enhance the stability of renewable energy systems. Emerging markets in regions such as Asia-Pacific, Latin America, and Africa are witnessing significant investments in electrical infrastructure, driving the demand for utility-scale electrical bushings in these regions. The expansion of high-voltage transmission networks and the integration of renewable energy sources are driving demand for robust and reliable electrical bushings capable of handling elevated voltage levels.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of utility scale electrical bushing was reached USD 2.67 billion in 2023 and is estimated to grow at 6.5% CAGR through 2032, owing to the rapid smart grid adoption.

The polymeric segment in the utility scale electrical bushing market is anticipated to grow at over 5.6% CAGR during 2024 to 2032, due to their lightweight nature and high durability.

Asia Pacific utility scale electrical bushing market is set to reach over USD 1.55 billion by 2032 attributed to urbanization and extensive infrastructure development across the Asia Pacific.

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