The global busbar systems market is
expected to grow at an exponential rate during the forecast period. A rising
need to alter shop layout and changes in the production patterns to meet
proliferating market demands are some of the factors contributing to the robust
growth of the busbar systems market. Busbar systems provide flexibility to make
such necessary changes quickly, with minimum power shutdown while utilizing
existing cables, conductors, and fittings.
Easier installation, faster-joining
systems, and easy-to-mount attachment structure are some of the factors that
will fuel the busbar systems demand. Increasing demand for disturbance-free
power distribution systems across raised floors and false ceilings is predicted
to influence the business landscape for busbar systems positively. Furthermore,
a rapid rise in the investment towards the refurbishment of existing commercial
facilities and an increasing focus towards industrial plant development is
expected to stimulate exponential growth in the busbar systems market.
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Industry
Segmentation
The global busbar systems market has
been segmented by Market Research Future to provide a detailed, specific and
accurate study about the same. The market is segmented on the basis of
conductor, power ratings, and end user.
By conductor, the market is
segmented into aluminum and copper. The copper segment is predicted to dominate
the busbar systems market owing to better conductivity, resistance, as well as,
strength.
By end-user, global busbar systems
market has been segmented into residential, commercial, and industrial. The
segment of commercial is prognosticated to hold the largest market share during
the forecast period due to the flourishing infrastructural projects.
By power rating, the busbar systems
market is segmented into low, medium, and high. The medium power rated segment
is expected to dominate the global busbar market because busbar systems are
more efficient in the distribution of medium voltage current.
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Regional
Outlook
The global busbar systems market
has been regionally segmented into North America, Europe, Asia Pacific (APAC),
and the Middle East & Africa (MEA).
The Asia Pacific is estimated to
dominate the global busbar systems market during the forecast period. Such
domination can be accredited to various factors such as growing population,
modernization, skyrocketed industrialization and digitization, and substantial
economic growth in the region. North America holds a significant share of the
global busbar systems market, followed by Europe. The increase in the use of
aluminum conductors is widely seen in North America recently.
Key
Players:
Some of the major players in the
global busbar systems market, as profiled by Market Research Future, include
ABB Ltd., (Switzerland).ARJ Group (UAE). Busbar Services, (South Africa).
C&S Electric Ltd. (India). E.A.E EleKTrik A.S., (Turkey), Eaton
Corporation, PLC, Republic of Ireland), and Entraco Power (India), General
Electric Company. (U.S.) Gersan EleKTrikAS., (Turkey), Godrej & Boyce
Manufacturing Company Ltd. (India), Graziadio & C. S.P.A., (Italy), IBAR
(EMEA) Ltd., (Kendal, UK). KGS Engineering Ltd., (Chennai, India).Schneider
Electric Co., (France), Larsen & Toubro., (India), Legrand., (France), and
Megabarre Group. (Italy).
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