Utility Scale Mineral-Based Electrical Bushing Market Size - By Insulation, By Voltage, By Application Analysis, Share, Growth Forecast 2024 – 2032

Utility Scale Mineral-Based Electrical Bushing Market Size

The global utility scale mineral-based electrical bushing market was valued at USD 1.2 billion in 2023 and is set to witness more than 5.6% CAGR through 2032. The growing need for high-voltage transmission to support renewable energy and long-distance power delivery has increased demand for reliable mineral-based electrical bushings. These components, with their high dielectric strength and thermal stability, are vital for the efficiency and safety of large-scale power transformers and switchgear.
 

Investments in grid upgrades, especially in emerging markets, are driving the utility-scale bushing market. Mineral-based bushings are popular due to their ability to handle high electrical stress. This makes them ideal for complex grid networks and smart grid systems. New technology is improving mineral-based electrical bushings, making them last longer and withstand harsh environments better. As a result, utility companies are choosing these new designs to make their power systems more reliable and resilient.
 

Utility Scale Mineral-Based Electrical Bushing Market Trends

Utilities are focusing on reducing their environmental impact by using eco-friendly and recyclable materials in electrical bushings. These bushings are becoming popular due to their natural insulation properties and sustainability. This shift supports the industry's goals to reduce synthetic material use and lessen environmental effects. Strict safety rules in the power sector are boosting demand for top-quality mineral-based bushings that meet global standards. This matters most for utilities in harsh climates, where dependable bushings are key to keeping the lights on.
 

Moreover, the global surge in energy demand, fueled partly by renewable energy growth, has increased the need for high-voltage transmission infrastructure. Mineral-based electrical bushings are vital components in this system. Used in high-voltage transformers and switchgear, these bushings offer excellent dielectric strength and insulation, enabling efficient long-distance electricity transmission.
 

Utility Scale Mineral-Based Electrical Bushing Market Analysis

Based on insulation, the porcelain segment is anticipated to surpass USD 600 million by 2032. The expansion of high-voltage transmission networks, especially for renewable energy and long-distance power distribution, is increasing demand for porcelain electrical bushings. Porcelain's durability and strength make it ideal for high-voltage insulation in large-scale transformers and switchgear. Porcelain bushings are valued for their proven long-term performance in harsh outdoor settings. Their high resistance to wear, pollution, and extreme weather makes them ideal for utility-scale use in various locations.
 

Based on application, the switchgear segment is projected to grow at a CAGR of over 5.2% through 2032. The growth of high-voltage transmission networks is boosting demand for electrical bushings in utility-scale switchgear. This trend stems from increased renewable energy integration and long-distance power transmission needs. High-voltage switchgear requires bushings with top-notch insulation to safely handle high electrical stress.
 

The U.S. utility scale mineral based electrical bushing market is set to exceed USD 235.3 million by 2032. The push to integrate renewable energy into national grids has boosted demand for high-voltage transmission infrastructure. Mineral-based electrical bushings are key components in large-scale transformers and switchgear for these systems. These bushings are prized for their high dielectric strength and ability to handle heavy electrical loads.
 

Europe’s carbon neutrality goals and renewable energy targets are boosting the utility-scale electrical bushing market. As Europe ramps up wind, solar, and hydropower investments, demand for high-quality bushings in transformers and switchgear is growing. These components are vital for transmitting renewable energy to the grid.
 

Utility Scale Mineral-Based Electrical Bushing Market Share

ABB is a key player in the utility-scale mineral-based electrical bushing market. The company is known for its broad range of electrical bushings, including both standard and custom designs. With its long history in electrical equipment, ABB consistently delivers specialized bushing solutions for various applications.
 

Utility Scale Mineral-Based Electrical Bushing Market Companies

Some of the key market players operating across the utility scale mineral-based electrical bushing industry are:

• ABB
• Barberi
• CG Power
• Eaton
• Elliot Industries
• General Electric
• GIPRO
• Hitachi Energy
• Hubbell
• Jiangxi Johnson Electric
• Liyond
• Maschinenfabrik Reinhausen
• Meister International
• Nexans
• PFISTERER
• Poinsa
• Polycast
• Siemens Energy
   

Utility Scale Mineral-Based Electrical Bushing Industry News

• In February 2024, Jiangxi Electric has initiated construction at its Qiangsheng Electric Porcelain factory, demonstrating its commitment to enhancing and expanding its electric porcelain production capabilities. As the Qiangsheng Electric Porcelain Factory gears up for this growth, its goal is to advance industry development and meet evolving market demands.
   
• In November 2023, Hitachi’s Vadodara factory received a Recognition Award from its key partner, BHEL, for its electrical bushings. The award was presented by India's Heavy Industries Minister acknowledging Hitachi Energy's commitment to quality, innovation, and its contributions to the "Make in India" initiative.
   

This utility scale mineral-based electrical bushing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & 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

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