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Utility Scale Mineral-Based Electrical Bushing Market Trends

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

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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.

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.