Porcelain Electrical Bushing Market Size - By Bushing Type (Oil Impregnated Paper (OIP) {Mineral Based, Silicon Based}, Resin Impregnated Paper (RIP)), By Voltage, By Application, By End Use, regional Outlook & Forecast, 2024 – 2032

Porcelain Electrical Bushing Market Size

Porcelain Electrical Bushing Market was valued at USD 1.40 billion in 2023 and is estimated to grow at a CAGR of over 6.6% between 2024 and 2032, driven by the surge in electricity demand, along with growing considerations for refurbishing and expanding power systems. Furthermore, the rapid acceleration of industrialization and urbanization has resulted in a considerable increase in electricity demand, thereby placing significant emphasis on the rapid expansion of transmission and distribution systems.
 

Various nations are placing greater emphasis on fortifying their current power supply infrastructure by integrating efficient, secure, and sustainable products. Additionally, due to their cost-effectiveness and extensive capabilities, electrical bushings are progressively displacing traditional alternatives across diverse application domains, further driving their adoption.

Porcelain Electrical Bushing Market Trends

Porcelain electrical bushings exhibit resistance to corrosion and minimal leakage issues, making them less susceptible to temperature fluctuations. They offer dependable performance in challenging environments and are utilized in corrosive facilities, facilitating sustained operations at targeted voltages. These bushings play a crucial role in substations linking renewable energy installations like wind and solar farms to the grid. With the escalating proportion of renewable energy in the global energy portfolio, the need for porcelain bushings grows to aid the seamless integration of these energy sources into the grid.
 

Porcelain Electrical Bushing Market Analysis

Based on bushing type, the OIP (Oil-Impregnated Paper) segment is projected to exceed over USD 1.4 billion by 2032. OIP electrical bushings are frequently employed in such scenarios because of their dependability and appropriateness for high-voltage settings. Numerous nations are directing investments towards the enlargement and modernization of their power grids to enhance reliability, assimilation and the efficiency of renewable energy sources.
 

Based on voltage, the medium voltage segment is expected to grow at a CAGR of more than 6.3% through 2032. Medium-voltage bushings are poised for robust growth due to their extensive utilization across industrial and commercial settings, where they are engineered to endure harsh conditions effectively. Favorable reforms in power distribution, coupled with escalating commercial activities, particularly in emerging markets, have bolstered the adoption of these bushings.
 

North America porcelain electrical bushing market is anticipated to reach over USD 500 million by 2032. With a growing emphasis on renewable energy sources like wind and solar power, there's an increased demand for porcelain electrical bushings. These components play a crucial role in connecting renewable energy installations to the grid, supporting the region's transition towards cleaner energy sources. The escalating requirement for retrofitting and revitalizing the current grid infrastructure to uphold energy security is poised to drive growth in the North American market.
 

The U.S. porcelain electrical bushing market is growing significantly owing to the modernization of T&D systems with technologies focusing on cost-effectiveness and potential performance. For instance, in October 2023, the U.S. government has greenlit a $1.3 billion initiative to build three new interstate power lines. This initiative is a key component of a larger initiative aimed at modernizing the existing electrical infrastructure nationwide and facilitating the shift towards renewable energy sources.
 

Porcelain Electrical Bushing Market Share

ABB occupies a prominent position in the porcelain electrical bushing industry, distinguished for its extensive proficiency in producing diverse types of electrical bushings. This encompasses both traditional porcelain varieties and their variants, alongside other offerings. Leveraging a robust legacy in the electrical component industry, the company has effectively delivered customized substation solutions catering to a diverse array of applications.
 

Porcelain Electrical Bushing Market Companies

• ABB
• Barberi Rubinetterie Industriali S.r.l.
• CG Power and Industrial Solutions
• Eaton
• Elliot Industries
• General Electric
• GIPRO
• Hitachi Energy
• Hubbell
• Jiangxi Johnson Electric Co.,Ltd.
• Liyond
• Meister International, LLC
• Maschinenfabrik Reinhausen GmbH
• Nexans
• Poinsa
• Polycast
• PFISTERER Holding SE
• Siemens Energy
   

Porcelain Electrical Bushing Industry News

• In April 2023, Eaton's recent announcement of acquiring a stake in Jiangsu Ryan Electrical Co. Ltd., a manufacturer renowned for power distribution systems and sub-transmission transformers, marks a strategic advancement. This move amplifies Eaton's global presence and reinforces its position in the energy, utility, and industrial domains.
   
• In May 2022, Hitachi Energy India Ltd. recently inaugurated a new transformer components factory in Vadodara, Gujarat. This cutting-edge facility specializes in Resin Impregnated Paper technology and is dedicated to manufacturing dry bushings for transformers.
   

This porcelain electrical bushing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in ‘000 Units and USD Million from 2019 to 2032, for the following segments:

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Market, By Bushing Type

• Oil Impregnated Paper (OIP)
  • Mineral-Based
  • Silicon-Based
  • Others
• Resin Impregnated Paper (RIP)
• Others

Market, By Voltage

• Medium Voltage
• High Voltage
• Extra High Voltage

Market, By Application

• Transformer
• Switchgear
• Others

Market, By End Use

• Industries
• Utility
• 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