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Busbar Market By Regional Revenue, Trend & Growth Forecast 2019-2025

Author : Rahul Sankrityayan | Published Date : 2019-08-01 

The busbar Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.=

Robust industrialization is a major factor fostering busbar market growth. Statistics validating the aforementioned fact claim that in 2018, industrial applications accounted for 40% of the global busbar industry share in terms of volume. The use of busbars in industrial buildings has evidently been more advantageous than the use of traditional conduits and cables, as they are easier to install and easily adaptable to changing business needs.

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he rapidly escalating demand for uninterrupted & reliable electricity in tandem with the rising trend of urbanization will stimulate busbar market size in the years ahead. A major shift from the traditional sources of energy toward renewable energy resources has been observed lately – a trend that will extensively contribute toward impelling busbar industry outlook over the forecast period.

With the application of busbars increasing majorly across the commercial, residential, and industrial arenas, it is indeed undeniable that busbar market share will register a commendable CAGR over 2019-2025. The onslaught of modern technological changes and the need for increasing energy efficiency will lead to a general rise in the refurbishment of already established substations, further stimulating busbar market size.The demand for electricity has witnessed an exponential upsurge in the emerging economies. In response, the governments of these countries have been making it their priority to strive and provide electric power to all. It is thus rather overt that this would demand the necessity of busbars to ensure proper current flow between the power source and integrated circuits, capacitors and resistors, which would have a commendable impact on busbar industry trends.

Emerging economies have indeed become the focal point for exponential urbanization. Most of these urban centers harbor a population that exceeds several millions and are packed with high-rises, well-lit roads and a lifestyle that requires extensive deployment of electricity. In consequence, this would have a commendable impact on busbar market size.

Since busbars are depended upon for the reliable and long-term supply of electricity, the material of the busbar is a very important consideration. Due to its high conductivity, low electrical resistance, high mechanical strength, high resistance to fatigue failure and ease of fabrication, copper has been found to be a highly favorable material for the construction of a busbar, thereby impelling copper-based busbar market size.

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Aluminum comes as a close second as a favorable material for busbars, owing to its cost effectiveness and easy availability. As compared to aluminum, copper has been found to be more advantageous to be used in busbars as most switches and terminals are made of copper and corrosion and jointing problems between dissimilar metals is greater than that between similar metals.

Refurbishment of already existing transmission grid and the replacement of cables with busbars due to their higher power distribution efficiency and space saving capabilities will also positively influence the busbar industry.

An instance of power grid upgradation and the commendable expansion of the busbar market can be credited to the implementation of energy transition plan in Germany called “Energiewende” that aims at producing 80% of Germany’s power through renewable energy resources. For this transition project, a large-scale upgradation of German substations is underway which will directly affect the regional busbar market. In the ensuing years, a rapid shift toward renewable energy sources is indeed inevitable across major end-use domains, which would undeniably drive global busbar market size over 2019-2025.

Chapter 3 Busbar Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2014 – 2025 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Vendor Matrix

3.4 Innovation and technology landscape

3.4.1 Wohner GmbH & Co. KG

3.4.2 Rittal India Pvt. Ltd.

3.4.3 E+I Engineering

3.4.4 Other Innovations

3.5 Regulatory landscape

3.5.1 Europe Low voltage directive 2014/35/ EU IEC 61439 Copper Development Association DIN EN 13601

3.5.2 U.S.

3.5.3 China Codes of Practice for the electricity regulation-

3.5.4 India

3.5.5 South Africa

3.6 Transmission & Distribution loss trends

3.7 Cumulative Investment in T&D network

3.8 Industry impact forces

3.8.1 Growth drivers North America measures to reduce energy loss demand for electricity infrastructural spending

3.8.2 Industry pitfalls & challenges Volatile raw material prices

3.9 Growth potential analysis

3.10 Porter’s Analysis

3.11 Competitive landscape, 2018

3.11.1 Strategy dashboard Eaton Corporation E+I Engineering Halcor Group

3.12 PESTEL Analysis

Chapter 4 Busbar Market, By Material

4.1 Busbar market share by material, 2018 & 2025

4.2 Copper

4.2.1 Global market from copper, 2014 – 2025

4.2.2 Global market from copper, by region, 2014 - 2025

4.2.3 Electrolytic Tough Pitch (ETP) Global market from ETP, 2014 – 2025 Global market from ETP, by region, 2014 - 2025

4.2.4 Oxygen Free Copper (OFC) Global market from OFC, 2014 – 2025 Global market from OFC, by region, 2014 - 2025

4.3 Aluminium

4.3.1 Global market from aluminium, 2014 – 2025

4.3.2 Global market from aluminium, by region, 2014 - 2025

Chapter 5 Busbar Market, By Power Range

5.1 Busbar market share by power range, 2018 & 2025

5.2 Low power

5.2.1 Global market from low power, 2014 – 2025

5.2.2 Global market from low power, by region, 2014 - 2025

5.3 Medium Power

5.3.1 Global market from medium power, 2014 – 2025

5.3.2 Global market from medium power, by region, 2014 - 2025

5.4 High power

5.4.1 Global market from high power, 2014 – 2025

5.4.2 Global market from high power, by region, 2014 - 2025

Chapter 6 Busbar Market, By Application

6.1 Busbar market share by application, 2018 & 2025

6.2 Residential

6.2.1 Global market from residential, 2014 – 2025

6.2.2 Global market from residential, by region, 2014 - 2025

6.3 Commercial

6.3.1 Global market from commercial, 2014 – 2025

6.3.2 Global market from commercial, by region, 2014 - 2025

6.4 Industrial

6.4.1 Global market from industrial, 2014 – 2025

6.4.2 Global market from industrial, by region, 2014 – 2025

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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