Press release
Busway-Bus Duct Market is growing at a CAGR of 5.5% and is projected to reach $21 billion by 2031
Download PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/A13992
Busway-bus duct systems are categorized into three primary types: isolated phase bus duct, segregated phase bus duct, and non-segregated phase bus duct. Among these, the non-segregated phase bus duct segment held the largest market share in 2021. This dominance is attributed to the growing number of small- and large-scale manufacturing industries, along with the increasing construction of commercial buildings.
The market is further segmented based on voltage ratings, which include high-voltage, medium-voltage, and low-voltage busway-bus duct systems. Among these, the medium-voltage segment accounted for the highest market share in 2021 due to its versatile applications across various industries. Furthermore, based on end-user industries, the market is categorized into residential, commercial, and industrial sectors. The market's expansion is largely driven by key industries such as automotive, oil & gas, power generation, and plastics. However, the fluctuating costs of raw materials required for manufacturing busway-bus duct systems pose a significant challenge to market growth.
In terms of regional analysis, Asia-Pacific emerged as the dominant market in 2021, generating the highest revenue, followed by North America and Europe. Meanwhile, the LAMEA region is projected to experience the highest CAGR in the coming years due to rapid industrial expansion.
Moreover, industrial growth in emerging economies presents lucrative opportunities for market expansion. Key manufacturers have introduced advanced busway-bus duct systems to enhance efficiency and safety. For instance, in March 2021, Tai Sin Electric Limited launched its Busbar Trunking System, which boasts improved power efficiency, low voltage drop, high tensile strength, and enhanced safety features.
Enquire Before Buying@ https://www.alliedmarketresearch.com/purchase-enquiry/A13992
The COVID-19 pandemic significantly impacted the busway-bus duct market. During the lockdown period, manufacturing operations in major countries such as China, the U.S., and India were temporarily halted, causing a decline in sales. Additionally, workforce shortages and disruptions in the supply chain negatively affected the availability of raw materials, further impeding market growth. However, following the widespread administration of vaccines and the gradual recovery of the global economy, key industry players have been able to resume their operations and regain momentum.
Key companies profiled in the busway-bus duct market forecast report include ABB, Accu-Panels Energy Pvt. Ltd., C&S Electric Limited, Current Midwest, DBTS IND, Eaton Corporation PLC, General Electric Company, Godrej and Boyce Company Limited, Huapeng Group Company, Ltd., L&T Electrical & Automation, LS Cable & System Ltd., Powell Industries Inc., Schneider Electric, Siemens AG, TAIAN-ECOBAR TECHNOLOGY, Tricolite Electrical Industries, and Vidhyut Control India Pvt. Ltd.
Key Findings of the Study
The report provides an extensive analysis of the busway-bus duct market size, along with current and emerging trends and dynamics.
Among the different types, the non-segregated phase bus duct segment dominated the market in terms of revenue in 2021, while the segregated phase bus duct segment is expected to grow at a significant CAGR during the forecast period.
Full Report With TOC@ https://www.alliedmarketresearch.com/busway-bus-duct-market-A13992
Based on voltage ratings, the medium-voltage segment recorded the highest revenue in 2021.
By end-user industry, the industrial segment registered the highest revenue in 2021.
Regionally, the LAMEA region is anticipated to exhibit the highest growth rate in the coming years.
The report profiles key players in the busway-bus duct market, analyzing their strategies to provide insight into the competitive landscape.
The study offers a comprehensive market outlook and overview of the busway-bus duct industry.
An in-depth market analysis is conducted by estimating key segments between 2022 and 2031.
Construction Newswire https://www.linkedin.com/newsletters/construction-newswire-6925036539492126720/
Construction blog https://www.linkedin.com/newsletters/accuracy-precision-7028605745986248704/
Construction Article https://www.linkedin.com/newsletters/manufacturing-construction-6950362034999812096/
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the report
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Busway-Bus Duct Market is growing at a CAGR of 5.5% and is projected to reach $21 billion by 2031 here
News-ID: 3883943 • Views: …
More Releases from Allied Market Research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion …
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrative…
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi …
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and…
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi …
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing at…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
