Press release
Busbar Trunking System Market Eaton Corporation, Siemens, General Electric, Schneider Electric SE, ABB, Larsen & Toubro Limited, C&S Electric Limited, Legrand, Godrej & Boyce
Busbar Trunking System Market was valued over USD 1.5 billion in 2018 and is predicted to grow over 9% 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.Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/2217
High degree of flexibility and low fire load are some of the key parameters that will drive the low voltage busbar trunking system market. Ability to provide hassle free power along with their extensive applicability across various establishments including shopping complexes, railway stations, airports, production & storage spaces will further stimulate the industry growth.
Sandwich busbar trunking system market will grow on account of their ability to withstand high short circuit currents. Ability to occupy minimum space, simple installation, highly customized design and flexibility will positively influence the industry growth. Extensive applicability of these systems in high voltage applications makes them a preferred choice over the conventional air insulated counterparts.
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Busbar trunking system market by aluminium is anticipated to grow over 11% by 2025. Cost effectiveness and the ability to withstand safety critical applications will positively impact the business scenario. In addition, ongoing technical advancement to improve the mechanical strength and heat stability will make them a suitable material choice for busbar systems.
Growth Drivers:
o North America
o Refurbishment of existing grid networks
o Rising electric infrastructure spending
o Europe
o Rapid smart grid adoption
o Asia Pacific & MEA
o Increasing demand for electricity
o Rapid industrialization & infrastructure development
o Increasing investment toward power generation
o Latin America
o Growing need for energy efficient distribution network system
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.
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.
Table Of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Busbar trunking system 3600 synopsis, 2014 - 2025
2.1.1 Business trends
2.1.2 Insulation trends
2.1.3 Power rating trends
2.1.4 Conductor trends
2.1.5 Application trends
2.1.6 Regional trends
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