Busbar Market Trend to 2024 Profiling Siemens AG, Godrej & Boyce Mfg., Southwire Company, Methode Electronics, C&S electric

Busbar Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Russia, Italy, Spain, France, Germany, Sweden, Saudi Arabia, UAE, Iran, Qatar, Iraq and etc,), Application Development status, Price Trend, Competitive Market Share & Forecast, 2017 – 2024.

Increasing demand for electrical conductor to carry large current within distribution board, substation, battery bank, switch board will stimulate the global busbar market. Ability to offer stiffness to allow effective cooling of conductors, lower assembly time, reduced complexity and ability to tap-in without creating a new joint institute a favorable business scenario. Busbar Market will reach over USD 20 billion by 2024, according to a new research report.

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Increasing development of smart cities have compelled utilities and installers to align their focus toward energy efficient electric infrastructure. Furthermore, favorable regulatory prospects in compliance to the labelling and eco-design reforms across developed economies will considerably foster the global busbar market share. Growing energy consumption along with rising concern toward transmission and distribution losses will further complement the industry landscape.

The U.S. busbar market is projected to reach over 600 Kilo Tons by 2024. Growing spending toward the replacement and upgradation of electrical grid network to suffice the electricity demand will foster the industry growth. In 2016, Department of Energy funded USD 4 million for development of micro grid infrastructure in Chicago.

Copper busbar market is set to witness growth of over 5% owing to its ability to offer effective corrosion resistance, and high thermal conductivity. Furthermore, improved ductility, temperature resilience, short circuit protection and reliable service life will escalate the product adoption. The material is suitable for various configuration ranges from vertical; risers and carrying current to each floor of multi-storey building to busbar used within electrical equipment.

Key industry players across busbar market include Bhagyanagar India, Siemens AG, Godrej & Boyce Mfg., Southwire Company, Methode Electronics, C&S electric, ABB, Busbar power range Belgium, Oriental Copper, Schneider Electric, Littlefuse, Eaton, Legrand Group, Pentair, MERSEN, Halcor and Legrand.

Increasing demand for reliable electricity from rural and urban areas along with introduction of several initiatives to support the installation of transmission and distribution network will augment the Asia Pacific busbar market. In 2015, Integrated Power Development Scheme has been introduced to provide financial support against capital investment to bridge the technological gap across sub transmission networks in India. Regulators across the nation have also set target to reduce T&D losses from 22% in 2015 to 15% by 2019.

The UK in 2016, accounted for over 10% of the Europe busbar market share. Growing demand for energy efficient electric equipment to establish a sustainable electric supply network will augment the business landscape. The government of UK introduced National Infrastructure Commission to formulate long term strategy to upgrade the existing infrastructure to accommodate the increasing population.

Saudi Arabia busbar market is set to witness growth over 5% owing to the rapid expansion of power generation facilities across the nation. In 2017, Saudi electricity company announced to construct six power plant and build five interconnecting 380kV transmission lines in northern region of Saudi Arabia. A construction of five overhead lines required 1,376 miles of conductors at an estimated cost of USD 1.46 billion.

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Growth drivers
Increasing focus to reduce energy loss
Rising electricity demand
Increasing infrastructural spending

Data Tables

Table 1 Global busbar industry 360 degree synopsis, 2013 - 2024

Table 2 Global market estimates, 2013 - 2016 (Kilo Tons) (USD Million)

Table 3 Global market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)

Table 4 Global market estimates by material, 2013 - 2016 (Kilo Tons)

Table 5 Global market estimates and forecast by material, 2017 - 2024 (Kilo Tons)

Table 6 Global market estimates by material, 2013 - 2016 (USD Million)

Table 7 Global market estimates and forecast by material, 2017 - 2024 (USD Million)

Table 8 Global market estimates by power range, 2013 - 2016 (Kilo Tons)

Table 9 Global market estimates and forecast by power range, 2017 - 2024 (Kilo Tons)

Table 10 Global market estimates by power range, 2013 - 2016 (USD Million)

Table 11 Global market estimates and forecast by power range, 2017 - 2024 (USD Million)

Table 12 Global market estimates by application, 2013 - 2016 (Kilo Tons)

Table 13 Global market estimates and forecast by application, 2017 - 2024 (Kilo Tons)

Table 14 Global market estimates by application, 2013 - 2016 (USD Million)

Table 15 Global market estimates and forecast by application, 2017 - 2024 (USD Million)

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