Busway Market Opportunity Assessment 2016-2025 Growing with Major Key Player: Schneider Electric SE, Siemens AG, General Electric Company, Eaton Corp. PLC, LS Cable & System Ltd., ABB Ltd.

The global busway market accounted for US$ 5.66 Bn in 2015 and is expected to grow at a CAGR of 6.66% during the forecast period 2016 – 2025, to account for US$ 10.81 Bn in 2025.

Within this market, various regions are observed to exhibit different growth trends. The North America (NA) and Europe (EU) are matured market and therefore comprise major share of overall market, however, the developing nations in geographic areas such as Asia Pacific (APAC), Middle East and Africa (ME), Africa and South America (SAM) are exhibiting a high growth due to various factors such as increase in number of new industries and infrastructure and its need for electrification. Adoptions of Busway is expected to accelerate at a high growth rate in the coming few years due to, growing number of power grid and development in renewable energy plants in almost all over the globe. Its various advantage over cable wiring is attracting end-user from different sectors such as industrial, data centers, transportation and residential sector, and therefore influencing the market revenues and growth rates globally.

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The List of Companies:

• Schneider Electric SE
• Siemens AG
• General Electric Company
• Eaton Corp. PLC
• LS Cable & System Ltd.
• ABB Ltd.
• Powell Industries, Inc.
• Honeywell International Inc.
• Universal Electric Corporation
• C&S Electric Limited
• Furukawa Electric Co., Ltd.
• Brilltech
• DAQO GROUP

Busway Market – Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as Busway Market industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.

The Busway Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2016 – 2025, considering 2016 as the base year and 2018 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The Busway Market qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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Access to electricity is particularly crucial to county development, as certain signification applications such as industrialization, residential and commercial applications. Electrification can help achieve economic and social objectives. The International Energy Agency (IEA) estimates that 1.5 billion people lacked access to electricity in 2008, more than one-fifth of the world’s population. Approx. 85% of those without electricity live in rural areas, mainly in Sub-Saharan Africa and South Asia.

Strategic Insights:

Few of the recent strategies by some of the players in busway market landscape are listed below-

2017: ABB in partnership with POWERGRID India was awarded a project contract to deliver transmission link in order to distribute electricity to more than 80Mn people with the project cost estimated to be worth US$ 640 Mn.

2017: The tiny houser project that was developed by Home Builder Institute in Florida, Orlando would deploy electrical solutions from power management company Eaton.

2016: ABB supplied low voltage power distribution solutions to the new car manufacturing factory of Renault-Nissan and Daimler’s strategic joint venture located in Aguascalientes, Mexico.

The report segments the global busway market are as follows:

Busway Market – By Type

Air Splicing Busway (BMC)
Intensive Insulation Plug Busway (CMC)
High Strength Enclosed Busway (CFW)

Busway Market – By Application

Commercial Building
Residential Building
Industrial Infrastructure

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This release was published on openPR.