Busbar Market Competitive Outlook By 2026 | Siemens, ABB Ltd, Schneider Electric, Eaton, Rogers Corporation, TE Connectivity, Legrand & Chint Group.

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.

Need for efficient conductor and lower energy loss during transmission and adoption of green & smart city concepts have boosted the growth of the global busbar market. However, availability of cheap and low-quality products and volatile raw material pricing hamper the market. On the contrary, emerging switchgear and energy & power market is expected to create lucrative opportunities in the near future.

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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. The report includes an analysis of the residential segment.

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.

The key players in busbar industry are Siemens AG, ABB Ltd., Schneider Electric SE, Eaton Corporation Plc., Rogers Corporation, TE Connectivity Ltd., Legrand S.A., Friedhelm Loh Group, Mersen S.A., and Chint Group.

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Key Findings of the Busbar Market:

Global busbar market size is provided in terms of revenue

Canada is projected to grow at the highest CAGR of approximately 8%, in terms of revenue, during the forecast period

By application, the commercial segment is anticipated to grow with CAGR 6.8%, in terms of revenue, during the forecast period

China and U.S. dominated the busbar market growth with a revenue share of over 32.6% and 16.8% in 2018

A comprehensive analysis of the factors that drive and restrain the market growth is provided

The qualitative data in this report aims at the busbar market trends, dynamics, and developments in the busbar industry

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