Press release
Data Center Busway Market : to reach USD 3,486.25 million by 2028, growing with the CAGR of 8.6%,Size, Share, Trends, Key Players, Business insights
Data center busway market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.6% in the forecast period of 2021 to 2028 and expected to reach USD 3,486.25 million by 2028.Data center busways are straight length power distribution components used for supplying power to electronic components in mission critical facilities such as data centers, manufacturing units, IT facilities, residential buildings and others. In a power distribution system busways are integrated with intelligent PDUs, monitoring systems, UPS and others. Busways provide advantages over the conventional wire & cable system of power distribution as once installed the cable & wire assemblies are difficult to change. Busways are pre-fabricated or can be customised according to the facility. Copper or aluminium is used as a conductor in the busways. Busways are usually employed where high power transmission is required as they are more efficient, scalable and safe as compared to the wire & cable system. Busways are preferred in the facilities where high power distribution system is required as for high power transmission the cable & wire installation becomes cluttered and takes more space apart from that the maintaining the busways is less costly as compared to the cables & wires.
The major factors driving the growth of the data center busway market are increasing adoption of data centers, adoption of new technologies in data center busway, rising demand for compact power distribution solutions for data center. Rising growth in digitalization is leading to cross-border data center busway products and creating opportunities for the growth of the market. High Installation cost is acting as the major restraint for data center busway market. Alternate power solutions are acting as a major challenge for the growth of the market.
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Data Center Busway Market Share Analysis
Data center busway market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to data center busway market.
Some of the major players operating in the global data center busway market are EAE Inc., Vass Electrical Industries, Anord Mardix, ABB, Dingsheng Group, Schneider Electric, Eaton, Siemens, Legrand SA, Delta Power Solutions, Wetown, Power Plug Busduct Sdn. Bhd., Rittal GmbH & Co. KG, Megabarre Group, Ltd., TAIAN-ECOBAR TECHNOLOGY, Tai Sin Electric Limited, FURUKAWA ELECTRIC CO., LTD., Vertiv Group Corp., FURUTEC ELECTRICAL SDN BHD, and Lapp Connecto Oy among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Data Center Busway Market Scope and Market Size
Data center busway market is segmented on the basis of product type, type, implementation, data center type, current ampere, and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product type, the global data center busway market has been segmented into air splicing busway (BMC), intensive insulation plug busway (CMC), high strength enclosed busway (CFW), power distribution units (PDUs) and others. In 2021, the power distribution units (PDUs) holds the largest share in the market, as the power distribution are the important hardware for the data center which runs the data center.
On the basis of type, the global data center busway market has been segmented into 3-phase 4-wire, 3-phase 5-wire and others. In 2021, 3-phase 4-wire holds the largest share in the market, as the companies uses this system for power supply to data center which results in less resistance of current and efficiency is high.
On the basis of implementation, the global data center busway market has been segmented into raised floor and ceiling overhead. In 2021, ceiling overhead category holds the largest share in the market. This is mainly due to reusable property of the ceiling overboard which is very convenient and efficient.
On the basis of data center type, the global data center busway market has been segmented into mid-sized & enterprise data center and large data center. In 2021, large data center holds the largest share in the market as the large data center have money and space for the installation of busways for power distribution and hence it is the most dominating segment
On the basis of current ampere, the global data center busway market has been segmented into low and high. In 2021, low holds the largest share in the market as the busway systems are majorly used by mid enterprise data center.
On the basis of vertical, the global data center busway market has been segmented into banking, financial services and insurance (BFSI), IT & telecom, government & defense, healthcare, retail & ecommerce, research & academia, energy & utilities, manufacturing and others. In 2021, IT & Telecom holds the largest share in the market, owing to the rapid growth of the IT & Telecom industry as it generates a large amount of data and the organizations are heading towards the digitalization and cloud services which requires data centers where busways are used for power distribution.
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Global Data Center Busway Market Country Level Analysis
Global data center busway market is analysed and market size information is provided by country, product type, type, implementation, data center type, current ampere, and vertical as referenced above.
The countries covered in global data center busway market report are U.S., Canada, Mexico in North America, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe in Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, Rest of South America in South America.
North America is the dominating region in global data center busway market as the number of companies present and the different product offered for data center by companies are large and the region is expected to grow at highest CAGR.
The U.S. accounted for maximum share in the global data center busway market, due to new technologies in data center busway products and the data center setup is high in the country. The U.K. accounts for second largest market as it has large usage of data center busway products after U.S. While, the presence of data center busway manufacturing companies in China makes it third most dominating as the companies are majorly from this country and the use of IoT devices are also increasing in China.
The country section of the global data center busway market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Data Center Busways
Global data center busway market also provides you with detailed market analysis for every country growth in installed base of different kind of products, impact of technology using life line curves and changes regulatory scenarios and their impact on the data center busway market. The data is available for historic year 2011 to 2019.
Main Table of Contents of data center busway market Report
• Introduction
• Market Segments
• Market Overview
• Executive Summary
Advanced Insights
• Integrated Passive Devices Market
• Company Profiles
• Component Manufacturers
• Conclusion
• Questionnaires
• Related Reports
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