The worldwide market for oil-impregnated paper capacitor bushings was valued at approximately $217 million in 2024. Analysts predict the market will expand to around $365 million by 2031, growing at an average annual rate of 4.0%. This steady growth reflects increasing demand for these components, which are essential in electrical systems for insulation and voltage regulation.
The forecast covers both global and regional trends, highlighting how different areas contribute to market development. Factors such as industrial expansion, upgrades in power infrastructure, and technological advancements are likely to drive the increased use of oil-impregnated paper capacitor bushings over the coming years.
Why this matters:
Oil-impregnated paper capacitor bushings play a crucial role in electrical equipment by ensuring safe and efficient operation. Understanding market trends helps manufacturers, investors, and policymakers make informed decisions about production, supply, and infrastructure planning.
Source: NewsData