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Busbar Trunking System Market Growth Analysis, Industry Trends 2018 by Top Key Players - Siemens, ABB, Schneider Electric, Legrand, Larsen & Toubro, GE, Eaton, C&S ELECTRIC LTD., Godrej & Boyce Mfg. Co. Ltd.
Busbar Trunking System Market
Busbar Trunking System Market is predicted to surpass USD 9 billion by 2024. Increasing demand for cost efficient and reliable distribution network along with positive outlook toward rapid industrialization and urbanization across developing nations will stimulate the industry growth. Increasing investment toward electricity production from power plant coupled with rapid adoption of renewable technologies will foster the industry landscape. Ability to offer compact design and high fire safety degree features will further propel the business outlook.
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Refurbishment and replacement of existing cables to fulfil the requirements of low carbon will propel the U.S. busbar trunking system market share. The U.S. department of energy announced to invest more than USD 2 trillion, in 2015 for modernization of grid infrastructure in next two decades.
Ongoing expansion of microgrid networks for distributed power generation will positively impact the busbar trunking system market. Strict government policies & regulations to reduce energy losses across industrial, commercial and residential sectors will further propel the industry growth.
Longevity and ease of installations over existing cable tray systems will foster the lighting busbar trunking system market share. Ability to cater a wide range of commercial and residential businesses along with high flexibility will further enhance the product penetration across the world.
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Saudi Arabia busbar trunking system market was valued over 200 million in 2016. Positive outlook towards industrial sector coupled with increasing investment toward infrastructure development will propel the business growth. In 2016, as per International Trade Administration, the country has introduced the investment plan of worth USD 13.7 billion to develop distribution of electricity and more than USD 14.7 million for transmission of electric power over the next ten years.
Superior aesthetic value low susceptibility to electromagnetic fields and low fire load are some of the features which will stimulate the aluminium busbar trunking system market share. The system ability to offers improve conductivity per mass ratio that reduces the overall project cost will further complement the industry growth.
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Utility busbar trunking system market will witness growth owing to growing demand for expansion of distribution networks along with rapid installation of power generation plants. Increase in load capacity is factor responsible for distribution network expansion. Direct link between the transformer switchboard and power socket, enhanced planning reliability, transparent network layout are some the key underlined benefits which make its adoption preferable over conventional cable tray systems.
Key participants in busbar trunking system market are ABB, Eaton, Megabarre, Godrej & Boyce, MK Electric, Legrand, Schneider Electric, Larsen & Toubro, DBTS, Naxso, General Electric, Siemens, ARJ Group, C&S Electric and Effibar.
Busbar Trunking Systems Market, By Insulation
Sandwich
Air-insulated
Busbar Trunking Systems Market, By Power Rating
Lighting
Low
Medium
High
Busbar Trunking Systems Market, By Conductor
Copper
Aluminum
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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