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 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 Share 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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