Busbar trunking is a system consisting of prefabricated electrical distribution system covered in a highly protective enclosure, which basically includes components such as fittings, devices, straight lengths, elbows and accessories.
Rising demand for reliable and uninterrupted supply of electricity in developing economies coupled with stringent government directives to curb T&D losses will drive the market. Ease of installation, low costs and the ability to effectively transmit bulk power over long distances have significantly favored the adoption of these products over traditional cables. Rapid urbanization backed by growing construction and infrastructure spending will further complement the product penetration. Growing investments to modernize the aging electricity network coupled with increasing adoption of smart grid technology will significantly enhance the busbar trunking system market. Installing such system avoids the plethora of cables in power transmission network and can reduce the ample space covered by the cables. Minimal heat dissipation, flexibility of tap-off locations, and trifling fire risks will positively impact its adoption globally. As per International Energy Agency (IEA), an estimated investment of USD 9.7 Trillion must be made to meet the global generating capacity till 2035 along with USD 7.2 Trillion to replace and install T&D grids.
In recent times, aluminum conductors are being widely used in North America. This region holds a major share of the global busbar trunking systems market, followed by Europe. Due to growth of manufacturing industries and commercial buildings in Asia Pacific, the market in the region is anticipated to expand at a significant rate during the forecast period.
The Busbar Trunking Systems Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Busbar Trunking Systems industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Busbar Trunking Systems by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Busbar Trunking Systems market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Busbar Trunking Systems market for 2015-2027.
Key Companies
ABB
GE
Legrand
Schneider Electric
Siemens
Eaton
L&T
C&S Electric
Pogliano
DBTS Industries
Elbagate
Busbar Services
Jiangsu Wetown Busway
Shanghai Zhenda
Superior Electric
Delta Electric
Busbar Trunking Systems Market by Type
Copper
Aluminum
Busbar Trunking Systems Market by Application
Industrial
Commercial
Large Residential
Transportation
Busbar Trunking Systems Market by Region
United States
Europe
China
Japan
South Korea
Other Regions
Busbar Trunking Systems Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
At the same time, we classify Busbar Trunking Systems according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Busbar Trunking Systems market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Busbar Trunking Systems market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Busbar Trunking Systems market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Busbar Trunking Systems market for the forecast period 2021 - 2027?
• What are the driving forces in the Busbar Trunking Systems market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Busbar Trunking Systems industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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