Market Overview
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.
The
busbar is a solution used for the distribution of electrical power an consists
of the prefabricated electrical distribution system in a highly protective
enclosure. It includes various components such as fittings, devices, straight
lengths, elbows, and accessories. Busbar systems provide efficient systems and
can optimize the distribution of medium voltage power in industries. Such
industries apply concepts of planned production and scientific factory layouts
to ensure complete safety, using busbar systems.
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).
Segmental Analysis
The Global Busbar
Systems Market Analysis 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.
Regional Analysis
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.
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