Worldwide Busbar (Aluminum, Copper, Brass) Industry Insights, 2018-2026 - Green & Smart City Concepts Driving Growth

DUBLIN, Feb. 28, 2020 /PRNewswire/ -- The "Busbar Market by Material Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global busbar market size was valued at $14 billion in 2018 and is anticipated to generate $23.6 billion by 2026. The market is projected to experience growth at a CAGR of 6.1% from 2019 to 2026.

The need for efficient conductor and lower energy loss during transmission has replaced the conventional methods of power distribution by busbar made from metals driving busbar market growth. Moreover, green city concepts are boosting market growth. In-addition, the wind power generation & distribution industry is experiencing a surge which results in high demand for busbars, hence driving the busbar market growth.

Furthermore, busbar largely cuts down the facility costs as they replace the cables and other related components acting as another factor for market growth. However, the cheap and low-quality products, lack of R&D activities, and volatile raw material pricing hampers the market growth. Meanwhile, emerging switchgear market and energy & power market offers lucrative opportunities for busbar industry.

The key players in busbar industry are Siemens, ABB, Schneider Electric, Eaton Corporation, Rogers Corporation, TE Connectivity, Legrand, Friedhelm Loh Group, Mersen, and Chint Group.

The global busbar market is segmented based on materials type, application, and region.

• Based on materials type, it is divided into aluminum, copper, and brass. Copper segment dominated the market but aluminum is expected to grow rapidly during the forecast period.
• The applications covered in the study are industrial, commercial and residential. Industrial segment garnered the highest share. However, commercial market is expected to grow fastest during the forecast period owing to replacement of cables with busbar.
• Based on region, busbar market analysis is done across North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). Asia-pacific market garnered the largest busbar market share. China dominated the market in the region while India is expected to grow at the fastest rate owing to increasing investment in the country in the market. North America is expected to grow at higher pace owing to large concentration of manufacturer in the region. U.S. dominated the busbar market share followed by Canada.

Key Findings

• Canada is projected to grow at the highest CAGR of approximately 8%, in terms of revenue, during the forecast period
• By application, the commercial segment is anticipated to grow with CAGR 6.8%, in terms of revenue, during the forecast period
• China and U.S. dominated the busbar market growth with a revenue share of over 32.6% and 16.8% in 2018

Topics Covered

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Porter's Five Forces Analysis
3.3. Market Share Analysis/Top Player Positioning, 2018
3.3.1. Top Player Positioning, 2018
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Need for Efficient Conductor and Lower Energy Loss During Transmission
3.4.1.2. Green & Smart City Concepts
3.4.2. Restraints
3.4.2.1. Availability of Cheap and Low-Quality Products
3.4.2.2. Volatile Raw Material Pricing
3.4.3. Opportunity
3.4.3.1. Emerging Switchgear and Energy & Power Market

Chapter 4: Global Busbar Market, By Material Type
4.1. Overview
4.2. Aluminum
4.3. Copper
4.4. Brass

Chapter 5: Global Busbar Market, By Application
5.1. Overview
5.2. Industrial
5.3. Commercial
5.4. Residential

Chapter 6: Global Busbar Market, By Region
6.1. Overview
6.2. North America
6.3. Europe
6.4. Asia-Pacific
6.5. LAMEA

Chapter 7: Company Profiles
7.1. Siemens AG
7.2. ABB
7.3. Schneider Electric
7.4. Eaton Corporation PLC
7.5. Rogers Corporation
7.6. TE Connectivity
7.7. Legrand S.A.
7.8. Friedhelm Loh Group
7.9. Mersen
7.10. Chint Group

For more information about this report visit https://www.researchandmarkets.com/r/bj9dlv

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