Press release
Global Busbar Trunking System Market is expected to garner USD 11 billion by 2024 with By Major Vendors: ABB Ltd., Eaton Corporation, PLC., GE, Schneider Electric SE, Siemens AG
Global Busbar Trunking System Market valued approximately USD 5.90 billion in 2016 is anticipated to grow with a healthy growth rate of more than 7.23% over the forecast period 2018-2025. Rising energy consumption because of increasing urbanization & industrialization, cost & operational benefits of busbar over cables and increasing concerns towards energy efficiency are the major factors which are driving the growth in the Global Busbar Trunking System Market. Besides this, the unstable cost of raw material hinders the market growth. A busbar is used in power distribution that conducts electricity inside a switchboard, distribution board, and other electrical devices. Busbar trunking system distributes the electric power by using aluminium or copper busbar with proper protection to provide damage prevention of cables by any means. Busbars are becoming popular because they provide more safety and convenience.
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The busbar has several benefits over traditional cables, the low trunking and cabling cost and the installation time is also less than traditional cables. Busbar trunking systems are mainly implemented in those applications where a quick electricity supply is required like remote areas. The busbar trunking systems can be categorized on the basis of power ratings which include low, medium and high power, type of insulation of air insulated and sandwich insulation. Some of the developing nations including Africa and the Asia Pacific are increasing investment to expand of distribution and transmission network to fulfill electricity demand in the remote and off-grid areas which has raised the demand of busbar trunking systems.
The regional analysis of Global Busbar Trunking System Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Conductor:
Copper
Aluminum
By Power Rating:
Low Power
Medium Power
High Power
By End-User:
Utilities
Industrial
Commercial
Residential
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2015, 2016
Base year 2017
Forecast period 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include ABB Ltd., Eaton Corporation, PLC., GE, Schneider Electric SE, Siemens AG, Larsen & Toubro, C&S Electric Limited, Legrand SA, Godrej & Boyce Manufacturing Company Limited, IBAR (EMEA) Ltd., KGS Engineering Ltd., Megabarre Group, Naxso S.R.L, DBTS Industries SDN. BHD., E.A.E Elektrik A.S., Entraco Power, Gersan Elektrik as, Graziadio & C. S.P.A,. Nova Ltd., Pogliano S.R.L and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Busbar Trunking System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Global Busbar Trunking System Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Busbar Trunking System Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porters 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Busbar Trunking System Market, By Conductor
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Global Busbar Trunking System Market, Sub Segment Analysis
…..
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