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Utility Scale Mineral-Based Electrical Bushing Market Analysis

  • Report ID: GMI11962
  • Published Date: Oct 2024
  • Report Format: PDF

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.
 

Utility Scale Mineral-Based Electrical Bushing Market Revenue Share, By Application, 2023

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.
 

U.S. Utility Scale Mineral-Based Electrical Bushing Market Size, 2022-2032 (USD Million)

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.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of utility-scale mineral-based electrical bushing was reached USD 1.2 billion in 2023 and is projected to grow at a 5.6% CAGR from 2024 to 2032, driven by the increasing need for high-voltage transmission to support renewable energy and long-distance power delivery.

The porcelain segment is expected to surpass USD 600 million by 2032, due to its durability and strength, making it ideal for high-voltage insulation in large-scale transformers and switchgear.

The switchgear segment is projected to grow at a CAGR of over 5.2% through 2032, driven by the expansion of high-voltage transmission networks and the integration of renewable energy.

The U.S. utility-scale mineral-based electrical bushing market is set to exceed USD 235.3 million by 2032, led by the push to integrate renewable energy into national grids, which boosts demand for high-voltage transmission infrastructure.

Key players in the industry include 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, and Siemens Energy.

Utility Scale Mineral-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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