PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1620419
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1620419
Utility Scale Silicon-Based Electrical Bushing Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Utility Scale Silicon-Based Electrical Bushing Market was valued at USD 377.4 million in 2023 and is projected to grow at 6.8% CAGR from 2024 to 2032. This growth is largely driven by the increasing adoption of renewable energy sources. These essential components connect power plants and the electrical grid, assuring effective energy transmission. Recent advancements in materials science have led to the development of more efficient silicon-based bushings, enhancing their performance and reliability. As governments and utility companies work to modernize aging power infrastructure, the demand for durable electrical bushings to support higher loads and withstand harsh environments has intensified.
The power sector faces more stringent safety and environmental regulations, making silicon-based electrical bushings attractive due to their superior insulating properties and lower ecological impact. These features help operators comply with current safety and sustainability standards. The market can be segmented by insulation material, including glass, polymeric, and porcelain. Among these, the polymeric segment is anticipated to reach over USD 229.7 million by 2032. The transition to renewable energy propels the need for polymeric silicon-type electrical bushings, essential for connecting renewable energy systems to the grid.
Innovations in polymer materials and manufacturing techniques have further improved the performance of these bushings, enhancing their dielectric properties, thermal stability, and resistance to environmental factors, making them ideal for utility applications. Additionally, the market is categorized by application, including transformers, switchgear, and other related categories. The transformer segment is expected to grow at a CAGR of more than 5.9% through 2032. With rising electricity demand, utilities are investing in high-voltage transformers that rely on silicon-based electrical bushings for dependable insulation and support. Safety and reliability are top priorities for utilities and are designed to minimize failure risks, enhancing the overall reliability of transformer systems.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $377.4 Million |
| Forecast Value | $687 Million |
| CAGR | 6.8% |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
Chapter 4 Competitive landscape, 2023
- 4.1 Strategic dashboard
- 4.2 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Insulation, 2021 - 2032 ('000 Units & USD Million)
- 5.1 Key trends
- 5.2 Porcelain
- 5.3 Polymeric
- 5.4 Glass
Chapter 6 Market Size and Forecast, By Voltage, 2021 - 2032 ('000 Units & USD Million)
- 6.1 Key trends
- 6.2 Medium voltage
- 6.3 High voltage
- 6.4 Extra High voltage
Chapter 7 Market Size and Forecast, By Application, 2021 - 2032 ('000 Units & USD Million)
- 7.1 Key trends
- 7.2 Transformer
- 7.3 Switchgear
- 7.4 Others
Chapter 8 Market Size and Forecast, By Region, 2021 - 2032 ('000 Units & USD million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 France
- 8.3.3 Russia
- 8.3.4 UK
- 8.3.5 Italy
- 8.3.6 Spain
- 8.3.7 Netherlands
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 South Korea
- 8.4.4 India
- 8.4.5 Australia
- 8.5 Middle East & Africa
- 8.5.1 Saudi Arabia
- 8.5.2 UAE
- 8.5.3 South Africa
- 8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina
Chapter 9 Company Profiles
- 9.1 ABB
- 9.2 Barberi
- 9.3 CG Power
- 9.4 Eaton
- 9.5 Elliot Industries
- 9.6 General Electric
- 9.7 GIPRO
- 9.8 Hitachi Energy
- 9.9 Hubbell
- 9.10 Jiangxi Johnson Electric
- 9.11 Liyond
- 9.12 Maschinenfabrik Reinhausen
- 9.13 Meister International
- 9.14 Nexans
- 9.15 PFISTERER
- 9.16 Poinsa
- 9.17 Polycast
- 9.18 Siemens Energy
