Press release
Siemens, ABB, Busbar Trunking System Market 2024: Top Key Players are General Electric, Schneider Electric, Legrand, Eaton, Megabarre, DBTS, C&S Electric, Godrej & Boyce, Naxso, Effibar, MK Electric
Busbar Trunking System Market, Global Busbar Trunking System Market Size, Busbar Trunking System Industry, Busbar Trunking System
U.S. busbar trunking system market will reach over USD 1 billion by 2024. Replacement and refurbishment of outmoded cable networks to meet the needs of a low-carbon, digital economy has significantly favored the product adoption. In 2015, the Department of Energy (DOE) estimated an investment of over USD 2 Trillion for grid modernization in the U.S. for the next twenty years.
Rapid expansion of micro grid networks for decentralized electricity generation will proliferate the busbar trunking system market growth. Stringent government regulations to curb energy losses across residential, commercial and industrial establishments will further complement the business outlook.
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Lighting busbar trunking system market will witness strong growth prospects owing to its ease of installation and longevity over traditional cable tray systems. High flexibility along with the ability to suffice a wide range of residential and commercial businesses has led to a mass influx in the product demand. Global busbar trunking system market will exceed USD 9 billion by 2024, according to this new research report.
Growing demand for reliable and cost-efficient distribution networks coupled with mounting investments toward rapid urbanization and industrialization across developing economies will drive the global busbar trunking system market. Ongoing electricity generation from power plants along with rapid deployment of the renewable energy will positively impact the business growth. High degree of fire safety along with low space requirements will further boost the product penetration.
Rapid deployment of ongoing power generation plants along with escalating demand for expansion of electric distribution networks owing to exponential upsurge in load capacity will positively complement the utility busbar trunking system market. Transparent network layout, improved planning reliability, direct link between the transformer to the switchboard till the power sockets has significantly favored its adoption over the conventional cable tray systems.
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Aluminum busbar trunking system market will grow owing to the improved conductivity per mass ratio which reduces the overall project cost. Low fire load, low susceptibility to electromagnetic fields and superior aesthetic value are some of the key imperative features which will escalate the business growth.
Saudi Arabia busbar trunking system market in 2016 was valued over USD 200 million. Rapid infrastructure development along with positive outlook toward industrial sector has led to a robust industry growth. According to International Trade Administration, Saudi Arabia in 2016, has introduced investment plans of USD 14.7 Billion to develop transmission of electricity and over USD 13.7 Billion for distribution of electric power over the next decade.
Notable market players in the busbar trunking system market include Legrand, General Electric, ABB, Schneider Electric, Siemens, Eaton, Larsen & Toubro, ARJ Group, Megabarre, DBTS, C&S Electric, Godrej & Boyce, Naxso, Effibar and MK Electric.
Table of Content:
Chapter 1. Busbar Trunking System Market Methodology & Scope
Chapter 2. Busbar Trunking System Market Executive Summary
Chapter 3. Busbar Trunking System Industry Insights
Chapter 4. Busbar Trunking System Market, By Insulation
Chapter 5. Busbar Trunking System Market, By Power rating
Chapter 6. Busbar Trunking System Market, By Conductor
Chapter 7. Busbar Trunking System Market, By Application
Chapter 8. Busbar Trunking System Market, By Region
Chapter 9. Busbar Trunking System Market Company Profiles
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Related Report:
United States Busbar Trunking System Market Report 2018
In this report, the United States Busbar Trunking System market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/united-states-busbar-trunking-system-market-report-2018?utm_source=RR-SP
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