The global busbar market is projected to grow at a CAGR of 5.48% from 2016 to 2021, to reach a size of USD 16.55 Billion by 2021. 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 busbar market as it finds a number of applications such as switchgear, motor controls, and transformers, among others. High power busbar are normally used in this sector. Based on the conductor, the busbar market has been segmented into aluminum and copper busbar. The copper busbar segment is estimated to dominate the market during the forecast period. The busbar 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.
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 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.
Emerging grey/unorganized market providing low-quality and low priced products is expected to slow down the demand for busbar during the forecast period. However, busbar have huge opportunity in the development of smart cities and power sector reforms, which will lead to upgrades in transmission and distribution network.
- ABB Ltd.
- C&S Electric Co.
- Chint Electrics Co., Ltd.
- Eaton Corporation PLC
- General Electric Company
- Legrand S.A.
- Mersen S.A.
- Power Products LLC.
- Promet AG
- Rittal GmbH & Co. Kg
- Schneider Electric SE
- Siemens AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Premium Insights
6 Global Busbar Market, By Power Rating
7 Global Busbar Market, By End-User
8 Global Busbar Market, By Industrial End-User
9 Global Busbar Market, By Conductor
10 Global Busbar Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/kv798v/busbar_market_by
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/busbar-market-by-conductor---global-trends--forecast-to-2021---by-power-rating-end-user-industrial-end-user-conductor--region---research-and-markets-300379710.html
SOURCE Research and Markets