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Busbar Market


Energy & Power
Transmission and Distribution

The global busbar market is projected to grow at a CAGR of 5.48% from 2016 to 2021, to reach a size of USD 16.55 Billion by 2021. This growth is attributed to rising energy consumption due to increasing urbanization & industrialization, increasing focus on energy efficiency, and cost & operational benefits of busbar over cables.

The report segments the busbar market based on end-user into commercial, industrial, residential, and utilities. The utilities segment is the largest end-user of the market as it finds a number of applications such as switchgear, motor controls, and transformers, among others. High power busbar are normally used in this sector. Based on the conductor, the market has been segmented into aluminum and copper busbar. The copper busbar segment is estimated to dominate the market during the forecast period. The market has also been segmented based on power rating into low power (below 125 A), medium power (125 to 800 A), and high power (above 800A). Demand from small buildings, factories, warehouses, subways, and other marine applications will drive the demand for low power busbar during the forecast period.

In this report, the busbar market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to dominate the global market during the forecast period. Middle East & Africa is projected to grow at the fastest CAGR from 2016 to 2021, owing to increasing focus on energy efficiency and rise in energy consumption due to industrialization and urbanization in the region.

Busbar Market

Emerging grey/unorganized market providing low-quality and low priced products is expected to slow down the demand for busbar during the forecast period. However, busbar have huge opportunity in the development of smart cities and power sector reforms, which will lead to upgrades in transmission and distribution network. Some of the leading players in the busbar market include ABB Ltd. (Switzerland), Schneider Electric (France), Siemens AG (Germany), Eaton Corporation plc. (Ireland), Legrand S.A. (France), C&S Electric Company (India), Eaton Corporation plc. (Ireland), Mersen S.A. (France), Schneider Electric SE (France), CHINT Electric Co. Ltd. (China), and Rittal GMBH & CO. KG (Germany), among others. Contracts & agreement was the most commonly adopted strategy by the top players in the market, constituting 37% of the total developments from 2012 to 2016. It was followed by new product launch, mergers & acquisitions, and investment & expansion.

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