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.
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.
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.
Access Full Report at: https://www.marketresearchfuture.com/reports/busbar-trunking-system-market-3147
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