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Busbar Market Trends 2018 | Industry Players C&S electric, Eaton, Bhagyanagar India, ABB, Legrand Group, Siemens AG, Busbar power range Belgium, Godrej & Boyce Mfg., Pentair, Oriental Copper, Southwire Company, Rittal, MERSEN, Schneider Electric
Busbar Market
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Increasing smart cities development projects have compelled installers and utilities to align focus toward energy efficient electric infrastructure network. Favorable regulatory prospects in line with the eco-design and labelling reforms across developed nations will considerably propel the global busbar market. Growing energy consumption coupled with rising concern toward T&D losses will further stimulate the industry landscape.
The U.S. busbar market is set to surpass 600 Kilo Tons by 2024. Rising investments toward the upgradation and replacement of electrical grid infrastructure network to cater the increasing demand of electricity will escalate the product adoption in the nation. In 2016, DOE allocated USD 4 million to develop micro grid infrastructure network in Chicago.
Increasing reliable electricity demand from urban and rural areas coupled with introduction of various initiatives to support T&D network installation will foster the Asia Pacific busbar market growth. In 2015, the Government of India has introduced Integrated Power Development Scheme (IPDS) to offer financial support against the capital investment to bridge gap across sub transmission networks in the nation. Regulators across the country have set target to reduce transmission and distribution losses to 15% by 2019 from 22% in 2015.
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The UK busbar market share accounted for over 10% of the Europe in 2016. Growing energy efficient equipment demand to establish a sustainable supply network will positively influence the industry landscape. The Government of UK has established a National Infrastructure Commission to upgrade existing infrastructure to cater the increasing population.
Copper busbar market projected to expand over 5% on account of its ability to provide high thermal conductivity and effective corrosion resistance. Furthermore, temperature resilience, improved ductility, reliable service life, and short circuit protection will fuel the product penetration.
Saudi Arabia busbar market is predicted to expand over 5% on account of rapidly expanding power generation facilities in the country. In 2017, Saudi Electricity Company (SEC) announced the construction of six power plants and building of five interconnecting 380 kV transmission lines in Saudi Arabia. The construction of five overhead lines required conductors of 1,376 miles at an estimated cost of USD 1.46 billion.
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Eminent participants in the industry include Siemens AG, Bhagyanagar India, Godrej & Boyce Mfg., Methode Electronics, Southwire Company, C&S electric, Busbar power range Belgium, ABB, Oriental Copper, Littlefuse, Eaton, Schneider Electric, Legrand Group, MERSEN, Pentair, Halcor and Legrand.
Busbar market research report includes in-depth coverage of the industry with estimates & forecast in terms of Tons and USD from 2013 to 2024, for the following segments:
Busbar Market, By Material
Copper
Electrolytic Tough Pitch
Oxygen Free Copper
Aluminum
Busbar Market, By Power Range
Low Power ((≤ 600V)
Medium Power (600V to 36kV)
High Power (≥36kV)
Busbar Market, By Application
Residential
Commercial
Industrial
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