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Utility Scale Silicon-Based Electrical Bushing Market Analysis

  • Report ID: GMI12048
  • Published Date: Oct 2024
  • Report Format: PDF

Utility Scale Silicon-Based Electrical Bushing Market Analysis

The market is categorized based on insulation materials into glass, polymeric, and porcelain types. The polymeric segment is expected to exceed USD 229.7 million by 2032. The shift to renewable energy sources like wind, solar, and hydroelectric power is boosting demand for polymeric silicon-based electrical bushings. These components are vital for linking renewable energy systems to the power grid, ensuring efficient electricity transmission. New polymer materials and production methods are boosting the performance of silicon-based bushings. Improved dielectric properties, thermal stability, and environmental resistance make these bushings better suited for utility applications.
 

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

The utility-scale silicon-based electrical bushing market is divided by application into transformers, switchgear, and other categories. The transformer segment is forecasted to grow at a CAGR of more than 5.9% through 2032. As electricity demand grows, utilities invest in high-voltage transformers to boost transmission. Silicon-based electrical bushings are key, providing reliable insulation and support in these systems. Utilities focus on safety and reliability. Silicon-based bushings provide strong design and excellent insulation, lowering failure risks and improving transformer system reliability.
 

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

The U.S. utility-scale silicon-based electrical bushing market is expected to surpass USD 89.4 million by 2032. The aging U.S. electrical grid needs upgrades, including transformers and bushings. This creates opportunities for modern silicon-based bushings, which perform better and are more reliable than traditional options. Tighter environmental and emissions rules are pushing utilities to use silicon-based electrical bushings. These are often more eco-friendly than oil-filled types. For utility operators, meeting these regulations is now essential.
 

The Asia Pacific region is investing heavily in solar and wind energy. Silicon-based electrical bushings are essential for connecting these renewable sources to the power grid, ensuring efficient electricity distribution. Governments in China, India, and Japan are implementing policies to boost energy efficiency and promote clean energy. These efforts often include using advanced electrical parts like silicon-based bushings.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of utility-scale silicon-based electrical bushing reached USD 377.4 million in 2023 and is anticipated to grow at a 6.8% CAGR from 2024 to 2032, driven by the rise of renewable energy sources like wind, solar, and hydropower.

The transformer segment is forecasted to grow at a CAGR of more than 5.9% through 2032, as utilities invest in high-voltage transformers to meet rising electricity demand.

The U.S. market is expected to surpass USD 89.4 million by 2032, led by the need to upgrade the aging electrical grid and comply with stringent environmental regulations.

The key players in the market include ABB, Barberi, CG Power, Eaton, Elliot Industries, General Electric, GIPRO, Hitachi Energy, Hubbell, Jiangxi Johnson Electric, Liyond, Maschinenfabrik Reinhausen, and Meister International.

Utility Scale Silicon-Based Electrical Bushing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 20
  • Pages: 80
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