Global Busbar Market is valued USD 13 billion in 2016 is anticipated to grow USD 21 billion with the compounded annual growth of 5.50 % over the forecast period 2018-2025.
New York 31 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Busbar Market industry is poised to raise USD 21 billion by 2025. This growth is attributed to rising energy consumption due to increasing urbanization & industrialization, increasing focus on energy efficiency, and cost & operational benefits of busbar over cables. The report segments the busbar market based on end-user into commercial, industrial, residential, and utilities. The utilities segment is the largest end-user of the market as it finds several applications such as switchgear, motor controls, and transformers, among others. High power busbar is normally used in this sector. Based on the conductor, the market has been segmented into aluminum and copper busbar. The copper busbar segment is estimated to dominate the market during the forecast period. The market has also been segmented based on power rating into low power (below 125 A), medium power (125 to 800 A), and high power (above 800A). Demand from small buildings, factories, warehouses, subways, and other marine applications will drive the demand for low power busbar during the forecast period.
To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Busbar Market Size Study Global Busbar Market Size study, by Conductor (Copper, Aluminium), by Power Rating (Low Power, Medium Power, High Power), by End User and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market Siemens Ag, ABB Ltd, Schneider Electric SE, Eaton Corporation PLC, Legrand S.A., General Electric, Mersen S.A, Power Products LLC, C & S Electric Company, Promet AG and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Asia-Pacific is expected to dominate the global busbar market during the forecast period.
- Middle East & Africa is projected to grow at the fastest CAGR from 2016 to 2021, owing to increasing focus on energy efficiency and rise in energy consumption due to industrialization and urbanization in the region.
Bizwit Research & Consulting LLP has considered following segments for the study:
By Power Rating:
- Low Power
- Medium Power
- High Power
By End User:
- North America
- Asia Pacific
- Latin America
- Rest of the World