Press release
Busway Market Growing at a CAGR of 6.66% to 2025
The Insight Partners
Complete research report is available at http://www.theinsightpartners.com/reports/busway-market
Busway Market to 2025 – Global Analysis and Forecast by type and application, Busway market is expected to grow US$ 10.81 billion by 2025 from US$ 5.66 billion in 2015. A busway (also called bus duct), is a sheet metal duct containing either copper or aluminum bus bars for the purpose of conducting a substantial current of electricity. It is an alternative of conducting electricity to power cables or cable bus. Busway enable the stakeholders particularly, end-user from residential, commercial and industrial sector to enhance power carrying efficiency, reduce costs related to installation, reduction in down time, improved end-user experience, and with less complexity in maintenance.
Some of the remarkable partnership and collaboration in this industry are collaboration of GE Energy Connections collaborated with Clean Line Energy to develop clean energy infrastructure project in US. Apart from this, LS Cable & Systems entered in contract with BAIC to supply electric vehicle parts. The
Company is aiming to accelerate its progress into the Chinese electric vehicle parts market.
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The global busway market by geography is segmented into six region including North America, Europe, Asia Pacific, Middle East, Africa and South America. APAC is expected to account for the largest share of the global busway market in 2016, followed by North America. Also, Middle East and APAC are expected to have highest growth rate during the forecast period from 2016 to 2025. The report profiles key players such Schneider Electric, Siemens AG, GE, Eaton, LS Cables, PPB Group, ABB LTD., Powell Industries, Honeywell International, Universal Electric Corp., C&S Electric, Furukawa Electric, Brilltech, DAQO Group, and Asian Power System are among others.
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The report segments the global busway market as follows:
Global Busway Market – By Types
Air Splicing Busway (BMC)
Intensive Insulation Plug Busway (CMC)
High Strength Enclosed Busway (CFW) and
Others
Global Busway Market – By Applications
Commercial Buildings
Residential Buildings
Industrial Infrastructure and
Others
Global Busway Market – By Geography
North America
Europe
Asia Pacific (APAC)
Middle East (ME)
Africa
South America (SA)
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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