Press release
Busbar Trunking System Market Size, Share, Trends, Regional Analysis and Forecast 2025 | Schneider Electric, Godrej, Larsen & Toubro, Eaton, Siemens, General Electric, Naxso
Busbar Trunking System Market is anticipated to exceed USD 3 billion by 2025. Increasing demand for continuous & reliable power supply coupled with growing regulatory pressure on the power utilities to curb the T&D losses will boost the busbar trunking system market growth. Furthermore, accelerating investment toward infrastructural development coupled with shifting focus for the deployment of advanced instrumentation & digital technology will complement the industry landscape. Saudi Arabia has strategized to allocate around USD 1.1 trillion toward the infrastructure projects from the period of 2019 to 2038.
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Notable participants in the busbar trunking system market includes Schneider Electric, Godrej, Larsen & Toubro, Eaton, Siemens, General Electric, Naxso, Effibar, DBTS, Legrand, C&S Electric and Megabarre.
Growing electricity demand across the emerging economies on account of rapid urbanization will drive the industrial busbar trunking system market. Enhanced government focus toward the expansion and modernization of the existing manufacturing facilities will further improve the industry dynamics. In India, the government initiated the Make in India campaign to improve the manufacturing capabilities and reduce the import dependency.
Busbar trunking system market in Europe will witness growth of over 8% by 2025. Enhanced government efforts toward smart grid adoption coupled with measures to optimize energy efficiency will stimulate the systems demand. For instance, the European Union set targets of 20% energy savings by 2020.
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The U.S. busbar trunking system market, in 2018 was over USD 250 million. Increasing demand for the development and modernization of existing grid infrastructure along with growing need to replace the obsolete power cables will complement the business outlook. In 2016, the U.S. Department of Energy (DOE) announced investments worth USD 220 million for the development of country?s grid infrastructure over the next three years.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Busbar Trunking System Industry Insights
Chapter 4 Busbar Trunking System, By Insulation
Chapter 5 Busbar Trunking System Market, By Power Rating
Chapter 6 Busbar Trunking System, By Conductor
Chapter 7 Busbar Trunking System Market, By Application
Chapter 8 Busbar Trunking System Market, By Region
Chapter 9 Company Profiles
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Related Report:
Global Busbar Trunking System Market Insights, Forecast to 2025
Busbar trunking system is an integrated system of distributing electrical power. This is an enclosed setup containing copper/aluminum busbars. Asia-Pacific is expected to dominate the global busbar trunking system market, during the forecast period, owing to the extensive use of busbar trunking system in the T&D sector all across the globe. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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