Global Industrial Motor Busbar Market 2018-2022 - Rising Demand for Smart and Integrated Motor Control and Protection Devices

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Feb 12, 2018, 02:30 ET

DUBLIN, Feb. 12, 2018 /PRNewswire/ --

The "Global Industrial Motor Busbar Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global industrial motor busbar market to grow at a CAGR of 4.52% during the period 2018-2022.

Global Industrial Motor Busbar Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of industrial motor busbar.

The latest trend gaining momentum in the market is growing need for power monitoring. As power utilization cost in the process and discrete industries is high, monitoring the power consumption is very essential. The increasing regulations regarding the installation of energy-efficient products have reduced energy consumption considerably. Power monitoring helps industrial manufacturers set the baseline and take necessary steps to reduce power consumption, thereby reducing the potential cost of power. Standalone devices for power monitoring can be mounted on motor control centers and busbars to fetch the data regarding the total power consumption. This data helps in making energy-efficient decisions and reduce the overall power consumptions.

According to the report, one of the major drivers for this market is Increasing preference for busbars over cables. As motor control centers and motor controllers have various arrangements of devices such as soft starters, contactors, circuit breakers, and drive systems; using wires increases the space requirement and adds to the weight of the overall motor control center. Moreover, wire systems often complicate the connection of motor starters and other protection devices. With the increasing focus toward uninterrupted power supply and maximum space utilization, motor busbars are used in motor control centers.

Further, the report states that one of the major factors hindering the growth of this market is High fluctuations in copper and aluminum prices. The primary raw materials that constitute an industrial motor busbar are copper and aluminum. All motor busbar vendors incur a major share of their manufacturing cost for acquiring these raw materials. The total cost of copper and aluminum metals account for roughly 50% of the total production cost.

Key vendors

ABB
Eaton
General Electric
Schneider Electric
Siemens
Legrand

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 05: MARKET SIZING

Market sizing 2017
Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY PRODUCT

Segmentation by product
Comparison by product
Copper busbar - Market size and forecast 2017-2022
Aluminum busbars - Market size and forecast 2017-2022
Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY END-USER

Segmentation by end-user
Comparison by end-user
Oil and gas - Market size and forecast 2017-2022
Food and beverage - Market size and forecast 2017-2022
Metal and mining - Market size and forecast 2017-2022
Power generation - Market size and forecast 2017-2022
Others - Market size and forecast 2017-2022
Market opportunity by end-user

PART 10: REGIONAL LANDSCAPE

Geographical segmentation
Regional comparison
Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

PART 13: MARKET TRENDS

Growing need for power monitoring
Increase in adoption of intelligent motor control centers
Rising demand for smart and integrated motor control and protection devices

PART 14: VENDOR LANDSCAPE

Landscape disruption
Competitive landscape

PART 15: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors

PART 16: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/nz52rr/global_industrial?w=5

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SOURCE Research and Markets