Global Busbar
Trunking System Market Analysis
The Global
Busbar Trunking System Market 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.
Busbars are becoming irreplaceable
owing to their higher safety and convenience factor. The expenditure of cabling
and trunking, and the installation time needed in traditional cables is higher
compared to busbars. Installing busbars has various benefits over conventional
cabling. Busbars have a compact design, due to which they need less space,
which is a key benefit. Other benefits include their better heat absorption, higher
flexibility, lower installation costs, better resistance, reduced loss of
energy, a lower electromagnetic field. Busbars come with a steel casing, making
the unit safe and secure, and helps in safe, efficient, and easy distribution
of line.
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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