[142 Pages Report] According to latest market research
report “Busbar Market by Conductor (Copper,
Aluminum), Power Rating (Low, Medium, High Power), End-User (Utilities,
Commercial, Industrial, Residential, Industrial (Chemicals & Petroleum,
Metals & Mining, Manufacturing)), and Region - Global Trends & Forecast
to 2021”, The busbar market is expected to grow from an estimated USD 12.68
Billion in 2016 to USD 16.55 Billion by 2021, registering a CAGR of 5.48% from
2016 to 2021. The global market is witnessing significant growth because of
energy consumption due to urbanization & industrialization, increasing
focus on energy efficiency, and cost & operational benefits of busbar over
cables.
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Utilities segment is expected to hold the largest
share of the busbar market, by end-use industry, during the forecast period
The utilities
industry led the overall busbar market in 2015. Busbar are vital components in
power generation plants, as well as in transmission and distribution
substations, where they find application in distribution boards, switchgears,
motor controls, and transformers among others. Busbar are used as reliable
replacement of cables due to high efficiency, low space requirements, and ease
of installation.
Browse 75 market data tables
and 51 figures spread through 142 pages and in-depth TOC on “Busbar Market"
View more detailed TOC at - https://www.marketsandmarkets.com/Market-Reports/busbar-market-181939364.html
Low power busbar
are expected to hold the largest market share, by power rating, during the
forecast period
The low power busbar segment is expected to hold the
largest market of the global busbar market during the forecast period. The
demand for low power busbar is suitable for supplying power to light fixtures
for commercial and industrial segments. They can be installed both in false
ceilings and in technical floors. They are widely used in distribution panels
and switchboards across utilities, industries, and for residential
applications, thus giving it a wider market coverage compared to medium and
high power busbar.
Scope of the
Report:
By Conductor
·
Aluminum
·
Copper
By End-Users
·
Utilities
·
Residential
·
Commercial
Industrial End-Users
·
Chemicals & Petroleum
·
Metals & Mining
·
Manufacturing
·
Others
By Power Rating
·
Low Power (Below 125 A)
·
Medium Power (125 A–800 A)
·
High Power (Above 800 A)
By Region
·
North America
·
Europe
·
Asia-Pacific
·
South America
·
Middle East & Africa
Asia-Pacific is
the fastest growing market for busbar
In this report, the busbar market has been analyzed with
respect to five regions, namely, North America, Europe, Asia-Pacific, South
America, and the Middle East & Africa. Asia-Pacific is expected to be the
fastest growing market for busbar. Increasing focus on energy efficiency and
growing energy consumption due to urbanization and industrialization in the
region will drive the Asia-Pacific busbar market from 2016 to 2021.
To enable an in-depth understanding of the competitive
landscape, the report includes profiles of some of the leading players in the busbar market. These players include
ABB Ltd. (Switzerland), Schneider Electric (France), Siemens AG (Germany),
Eaton Corporation plc. (Ireland), Legrand S.A. (France), C&S Electric
Company (India), Eaton Corporation plc. (Ireland), Mersen S.A. (France),
Schneider Electric SE (France), CHINT Electric Co. Ltd. (China), and Rittal
GMBH & CO. KG (Germany), among others. Leading players are trying to
penetrate the markets in developing economies and are adopting various
strategies to increase their market share.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
