Global Busbar Industry to reach USD 21 billion by 2025. Global Busbar Industry valued approximately USD 13 billion in 2016 is anticipated to grow with a healthy growth rate of more than 5.50% over the forecast period 2017-2025 The 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 Industry based on end-user into commercial, industrial, residential, and utilities. The utilities segment is the largest end-user of the Industry as it finds a number of applications such as switchgear, motor controls, and transformers, among others. High power busbar is normally used in this sector. Based on the conductor, the Industry has been segmented into aluminum and copper busbar. The copper busbar segment is estimated to dominate the Industry during the forecast period. The Industry 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.
The regional analysis of Global Busbar Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is expected to dominate the global busbar Industry during the forecast period. Middle East & Africa is projected to grow at the fastest CAGR from 2016 to 2025, owing to increasing focus on energy efficiency and rise in energy consumption due to industrialization and urbanization in the region.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The major market players in Busbar Industry players include Siemens Ag, ABB Ltd, Schneider Electric SE, Eaton Corporation PLC, Legrand S.A., General Electric, Mersen S.A, Power Products LLC, C & S Electric Company, Promet AG and so on.
The detailed segments and sub-segment of the Industry are explained below:
By Power Rating
• Low Power
• Medium Power
• High Power
By End User
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa