At 6.1% CAGR, Busbar Market Size to Cross $23.6 billion by 2026

According to the report, the global busbar industry was pegged at $14.0 billion in 2018, and is projected to garner $23.6 billion in 2026, registering a CAGR of 6.1% from 2019 to 2026.

Aluminum segment to manifest the fastest CAGR through 2026

By material type, the aluminum segment is expected to register the fastest CAGR of 6.7% during the forecast period, owing to high conductivity and efficiency. However, the copper segment held the largest share in 2018, contributing more than half of the global busbar market, owing to high price of raw materials. The report includes analysis of the brass segment.

North America region to portray the fastest CAGR by 2026

The global busbar market across North America is estimated to register the fastest CAGR of 6.8% during the forecast period, owing to the presence of major corporations in the region. However, the market across Asia-Pacific held the largest share in 2018, accounting for more than half of the market, owing to increasing investments in the emerging economies in the busbar industry. The report includes analysis of the market across Europe and LAMEA.

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Industrial segment dominated the market

By application, the industrial segment held the lion's share in 2018, accounting for more than two-fifths of the global busbar market. However, the commercial segment is anticipated to register the fastest CAGR of 6.8% during the forecast period, owing to smart & green city concepts.

Industry Money Makers-
o Siemens AG
o Schneider Electric SE
o ABB Ltd.
o Rogers Corporation
o Eaton Corporation Plc.
o Legrand S.A.
o TE Connectivity Ltd.
o Mersen S.A.
o Friedhelm Loh Group
o Chint Group

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Key Findings of the Busbar Market:
o Global busbar market size is provided in terms of revenue
o Canada is projected to grow at the highest CAGR of approximately 8%, in terms of revenue, during the forecast period
o By application, the commercial segment is anticipated to grow with CAGR 6.8%, in terms of revenue, during the forecast period

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