Europe Busbar Market Size, Share, Industry Future Potential, Demand and Revenue Forecast 2022-2027

IMARC Group has recently released a new research study titled "Europe Busbar Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Year considered to estimate the market size:

• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027

The Europe busbar market size reached US$ 3,599.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 5,294.2 Million by 2027, exhibiting a growth rate (CAGR) of 6.7% during 2022-2027.

Market Outlook:

Busbar represents strips of conductive materials custom-built for collecting and distributing electric power from feeders. It is available in high, medium, and low power ratings and is composed of copper or aluminum conductors. Busbar strips are utilized in electrical installations to distribute power from a supply point to various output circuits. They are even used to connect high voltage equipment at electrical switchyards and low voltage equipment in battery banks. As a result, busbar materials find widespread applications across numerous sectors, including chemical, petroleum, metals and mining, hospitals, manufacturing, etc.

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The inflating investments for establishing effective power supply networks and smart distribution systems are primarily driving the Europe busbar market. Besides this, the development of smart cities is also positively influencing the market growth. Additionally, the elevating urbanization levels, the commercialization of the business landscape, and the escalating demand for electricity are further stimulating the regional market.

Moreover, the increasing need for cost-effective conductors with fast installation services and reduced downtime is acting as another significant growth-inducing factor. Apart from this, the expanding requirement for energy-efficient systems across the commercial sector and the shifting consumer preferences towards laminated product variants are expected to propel the Europe busbar market over the forecasted period. 

Competitive Landscape with Key Players:

The competitive landscape of the Europe busbar market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Highlights of the Market Segmentation:

The report has segmented the Europe busbar market on the basis of power rating, conductor, end user, industry and country.

Breakup by Power Rating:

• High
• Medium
• Low

Breakup by Conductor:

• Copper
• Aluminium

Breakup by End User:

• Industrial
• Commercial
• Residential
• Utilities

Breakup by Industry:

• Chemicals and Petroleum
• Metals and Mining
• Manufacturing
• Others

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/europe-busbar-market

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Asia Pacific Busbar Market: https://www.imarcgroup.com/asia-pacific-busbar-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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