Busway Market: Enhance Power Carrying Efficiency And Improves End-User Experience With Less Complexity In Maintenance

According to the new research report published by The Insight Partners, titled "Busway Market - Global Analysis and Forecast to 2025", The global busway market is expected to grow at a CAGR of 6.66% during the forecast period 2018 - 2025, to account to US$10,811.7 Bn by 2025.

A busway (also called bus duct), is a sheet metal duct containing either copper or aluminum bus bars for the purpose of conducting a substantial current of electricity. It is an alternative of conducting electricity to power cables or cable bus. Busway enable the stakeholders particularly, end-user from residential, commercial and industrial sector to enhance power carrying efficiency, reduce costs related to installation, reduction in down time, improved end-user experience, and with less complexity in maintenance. Busway applications in different sector are replacing the tradition wire cable use with advanced technology. The market for busway is steadily growing with rising power transmission and distribution sector either competing with each other or collaborating with tech companies to offer enhanced and advanced solutions.

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The demand of energy in both developed as well as developing countries is rising exponentially. In order to fulfill their need, power generation is gradually shifting from fossil fuel and other age old method to renewable energy and natural gas sector. Asper REN21 report, total renewable power generating capacity saw its largest annual increase in 2015, with an estimated addition of 147 GW of renewable capacity in a year.

Also, for the large-scale deployment of renewables and other carbon-free solutions, the introduction of advanced new technologies such as energy storage and smart grids needs to be accelerated. Government is also taking various initiative to promote renewable energy plants. For example, wind power was the most cost-effective option for new grid-based power in 2015 in many markets, including Canada, Mexico, New Zealand, South Africa, Turkey, and parts of Australia, China and the United States. Rising new power grids and renewable energy plants are sequentially up surging new and energy efficient electrical equipment market including busway market.

Key findings of the study:

o Asia-Pacific is anticipated to account the largest busway market share.
o Based on type, the intensive insulation plug busway segment is projected to dominate the busway market.
o Industrial infrastructure segment held the second largest position by application.

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Schneider Electric, Siemens, Eaton, ABB Ltd and GE are few of the major players operating in the market and offering a wide solution portfolio. APAC with large number of emerging countries along with high rate of industrializing and growing urbanization is leading the busway market. North America, being saturated market stood at the second largest adopter of Busway system owing to the retrofit market and some new projects in renewable energy application.
The users of Busway includes technology companies, power sector stakeholders including transmission and distribution companies, system integrator, distributor etc. and patients. Government authorities and research institutions, R&D are also using busway system for developing cost-effective and advanced products and solutions.

The report segments the global busway market are as follows:

Busway Market - By Type
o Air Splicing Busway (BMC)
o Intensive Insulation Plug Busway (CMC)
o High Strength Enclosed Busway (CFW)
o Others

Busway Market - By Application
o Commercial Building
o Residential Building
o Industrial Infrastructure
o Others

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Reasons To Buy

o Highlights key business priorities in order to assist companies to realign their business strategies
o Understand new and emerging developments in major geographic region and impact of that on overall market.
o Identify key market drivers and restraints in market and to take align business in order to get maximum profit
o The key findings and recommendations highlight crucial progressive industry trends in this market, thereby allowing players across the value chain to develop effective long term strategies.
o Highlights key business priorities in order to assist companies to realign their business strategies
o Enhance the decision-making process by understanding the strategies that underpin commercial interest.
o Helps clients to overcome challenges expected to restrict growth prospects of this market during the forecast period

Pune, India

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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