Busbar Trunking System Market Analysis
The global Busbar
Trunking System Market Size is predicted to have a healthy growth at a
6.5% CAGR over the forecast period (2017-2023), reveals the latest Market
Research Future report (MRFR). Busbar trunking system (BTS) is a prefabricated
electrical distribution system comprising of busbars within a protective
enclosure, which includes accessories, devices, fittings, and straight lengths.
BTS has a wide range of applications including hotels, hospitals, IT,
apartments, industries, assembly lines in factories, and airports.
Various factors are pushing the growth of the busbar
trunking system market. These factors, in accordance to the Market Research
Future (MRFR) report, include recent technological advancements, wide use in
numerous data centers, growing demand for uninterrupted and reliable
electricity supply, growing adoption of smart grid, the significant investment
made by regulatory authorities, and increasing demand for power. Cost
advantages and growth in urbanization, industrialization, and mechanization has
led to the development of numerous business sectors, end user satisfaction, and
customer relationship that is again pushing the growth of the busbar trunking
system market. Moreover, stringent rules and regulations laid down by the
government, prompting numerous multi-facility infrastructures and industries to
make efficient use of electricity, are also driving the market growth.
Busbar Trunking System Market Segmentation
The Market Research Future report offers a wide
segmental analysis of the busbar trunking system market on the basis of
conductor, insulation, power rating, and end user.
Based on the conductor, the busbar trunking system
market is segmented into aluminum and copper. Of these, the copper conductor
segment will have the largest share in the market over the forecast period.
Based on insulation, the busbar trunking system market
is segmented into sandwich and air. Of these, sandwich insulation will lead the
market over the forecast period.
Based on the power rating, the busbar trunking system
market is segmented into low, medium, high, and lighting.
Based on end user, the busbar trunking system market
is segmented into transportation, large residential, commercial, and
industrial.
Regional Analysis
Based on the region, the busbar trunking system market
report covers growth opportunities and the latest trends across the Asia
Pacific, Europe, North America, and Rest of the World.
Of these, Asia Pacific will outweigh others in the
market over the forecast period. This is owing to growth in urbanization,
industrialization, substantial economic growth, modernization, and growing
population. Rapid technological advancement and the increasing number of data
centers are also contributing to the growth of the market in this region.
Europe as well as North America are also predicted to remain key contributors
in the market over the forecast period. This is owing to the widespread growth
of both the commercial and industrial sector in these regions. Moreover,
government subsidies provided to consumers and industries to save electricity
are also predicted to have a positive effect on the market in these regions.
Key Players
Leading players profiled in the busbar trunking system
market report include DBTS Industries SDN. BHD (Malaysia), Busbar Services
(South Africa), Godrej & Boyce Manufacturing Company Limited (India),
Legrand SA (France), C&S Electric Limited (India), General Electric (U.S.),
Siemens AG (Germany), Larsen & Toubro (India), Eaton Corporation, Plc
(Ireland), Schneider Electric (France), ABB, Ltd. (Switzerland), and others.
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