Press release
What’s Driving the Busbar Trunking System Market Trends? Eaton Corporation, Siemens, General Electric, Schneider Electric, ABB, Larsen & Toubro
Busbar Trunking System Market
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.
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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.
Leading Key Players in Busbar Trunking System Market are:
Eaton Corporation, Siemens, General Electric, Schneider Electric SE, ABB, Larsen & Toubro Limited, C&S Electric Limited, Legrand, Godrej & Boyce, Pogliano BusBar S.r.l., Naxso S.r.l, MEGABARRE EUROPE S.R.L, MK Electric, Effibar, ALFA Technologies Pvt. Ltd., DBTS Industries Sdn Bhd, EAE Elektrik A.S.
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.
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.
Table of content:
Chapter 4 Busbar Trunking System, By Insulation
4.1 Busbar trunking system market share by insulation, 2018 & 2025
4.2 Sandwich
4.2.1 Global market from sandwich, 2014 - 2025
4.3 Air-insulated
4.3.1 Global market from air-insulated, 2014 - 2025
4.3.2 Global market from air-insulated, by region, 2014 – 2025
Chapter 5 Busbar Trunking System Market, By Power Rating
5.1 Busbar trunking system market share by power rating, 2018 & 2025
5.2 Lighting
5.2.1 Global market from lighting, 2014 - 2025
5.2.2 Global market from lighting, by region, 2014 – 2025
5.3 Low
5.3.1 Global market from low, 2014 - 2025
5.3.2 Global market from low, by region, 2014 – 2025
5.4 Medium
5.4.1 Global market from medium, 2014 - 2025
5.4.2 Global market from medium, by region, 2014 – 2025
5.5 High
5.5.1 Global market from high, 2014 - 2025
5.5.2 Global market from high, by region, 2014 – 2025
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