|02-11-2019 09:21 PM CET - Energy & Environment||
Global Busbar Trunking System Market to reach USD 11 billion by 2025 :Top keyplayers are ABB Ltd., Eaton Corporation, PLC., GE, Schneider Electric SE, Siemens AG, Larsen & Toubro, C&S Electric Limited, Legrand SA, Godrej & Boyce Manufacturing Company Limi
Press release from: Kenneth Research
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. 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.
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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 Power Rating:
Rest of the World
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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
Value-Added Resellers (VARs)
Third-party knowledge providers
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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