Utility Scale Electrical Bushing Market Size - By Bushing Type (Oil Impregnated Paper (OIP) {Mineral Based, Silicon Based}, Resin Impregnated Paper (RIP)), By Insulation, By Application, Regional Outlook & Forecast, 2024 – 2032

Utility Scale Electrical Bushing Market Size - By Bushing Type (Oil Impregnated Paper (OIP) {Mineral Based, Silicon Based}, Resin Impregnated Paper (RIP)), By Insulation, By Application, Regional Outlook & Forecast, 2024 – 2032

Utility Scale Electrical Bushing Market size is poised to witness 6.5% CAGR from 2024 to 2032, on account of rising incorporation of several cutting-edge technologies for improving reliability and reducing downtime. For instance, in May 2024, Hitachi Energy launched its new GOB+ OIP Transformer Bushings range deployed with robust sealing technologies and insulation to offer exceptional performance and reliability. The growing emphasis on environmentally friendly bushing solutions is helping to minimize environmental impacts and improve sustainability. To that end, manufacturers are focusing on developing bushings with reduced carbon footprints using sustainable materials and energy-efficient production processes, further driving the market growth.

The utility scale electrical bushing industry is segmented into bushing type, insulation, application and region.

In terms of insulation, the market size from the glass segment may record appreciable CAGR through 2032. Glass is highly resistant to environmental degradation, including UV radiation, moisture, and chemical exposure, subsequently adding to its preference to offer longer service life and reduced maintenance requirements. Glass bushings offer excellent dielectric properties for providing superior insulation performance, especially at high voltages. These bushings also help to withstand high temperatures and thermal cycling without significant degradation, making them suitable for demanding applications.

With respect to application, the utility scale electrical bushing industry value from the switchgear segment will witness robust CAGR up to 2032. This can be attributed to the rising need for bushings to facilitate the transition of high-voltage electricity between different components within the switchgear, such as transformers, circuit breakers, and busbars. Bushings further provide electrical insulation for high-voltage conductors passing through grounded barriers in switchgears to help limit electrical faults and ensure safe operations.

Europe utility scale electrical bushing market size is likely to observe significant growth through 2032 owing to the rising push towards renewable energy sources like wind and solar along with the surge in utility-scale projects to handle higher voltages and ensure efficient energy transmission. Many European countries are investing in modernizing their electrical grids to improve efficiency and accommodate renewable energy integration. Stricter regulatory standards and environmental considerations are also influencing the regional adoption of bushings that are more efficient, durable, and environmentally friendly.