Global Busbar Trunking Market: Overview
A busbar trunking system can be defined as a prefabricated distribution system that is electrical and consists of an enclosure that is protective, has straight lengths, fittings, accessories, elbows and devices. The accessories act as common voltage point for the electrical equipment that is connected to it. The common places where these busbar trunking systems are used include automated process industries, data centers and the manufacturing organizations where there is a number of electrical equipment of high capacity. They also find their place in commercial and residential establishments.
Global Busbar Trunking Market: Segmentation
The global busbar trunking market is segmented into power rating, conductor, insulation, end user, and geography. Based on the power rating, the global market is categorized into low power range, high power range, lighting range and medium power range. On the basis of the conductor, the global busbar trunking market is divided into aluminum and copper. According to the insulation, the global market is segregated into sandwich insulation and air insulation. Based on the end user, the global market is classified into process industry, renewable power generation, public infrastructure, manufacturing industry, commercial, large residential and transportation. Region-wise, the global busbar trunking market is diversified into South America, Europe, Asia-Pacific, the Middle East and Africa and North America.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Busbar Trunking Market: Growth Factors
The driving factor for the global busbar trunking market growth is the insufficient space in multi-stored buildings and special attention towards the energy efficient methods owing to the strict government laws that initiate the electricity to be used efficiently. Other factors attracting the end users towards the global market include the technical enhancements and the operational efficiency. Factor such as the global power generation has integrated the power of wind technology for the development of the green cities, which is boosting the global busbar trunking market growth. There are some restraining factors impacting the market growth such as the small and medium enterprises are getting limited benefits so the fluctuating prices of the raw materials act as a hindrance to the market growth. The other factor is the high capital cost hampering the growth of the market.
Global Busbar Trunking Market: Regional Analysis
The region dominating the busbar trunking market is Asia Pacific. This growth can be attributed to the factors such as urbanization and industrialization. The other regions that are following this growth include North America and Europe. In the Asia Pacific region, the favorable factors contributing to the market growth include green constructions, the large investments in the smart cities, green constructions, transportation and the high-rise buildings. The developing countries in Asia Pacific such as China, Japan, India and South Korea are making rapid developments in the commercial sector; hence, there is an increase in the power demand and industrialization and urbanization are the factors fueling the busbar trunking market growth.
Global Busbar Trunking Market: Competitive Players
The major market players in the busbar trunking market include Siemens AG, Legrand, Eaton Co., ARJ Group, C&S Electric Ltd., ABB Ltd., Schneider Electric Co., GE Industrial, Busbar Services, and DBTS Industries SDN.
Global Busbar Trunking Market: Regional Segment Analysis
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