2017 Forecast – Busbar Global Market, Industry Size, Share, Analysis and Opportunities to 2023
Latest industry research report on Busbar Market. Busbar consists of a strip of conductor made of aluminum or copper, supported by insulators that can connect the electrical loads and power supply in an integrated electrical network. It has a range of applications majorly in switchgears, distribution panels, switchboards and any establishments that require the consumption of electric power.
Growing concerns regarding energy efficiency in different along with preference of busbars over cables due to its low cost are the factors that is expected to drive the market. Integration of wind power technology in global power generation mix coupled with emergence of smart & green cities are the key factors that will boost the market growth.
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The presence of grey market offering low-quality and cheap products is a key restraining factor that hinders the growth of the market. Emerging switchgears applications along with innovative power sector reforms leading T&D expansions are the key factors that are expected to offer abundant growth opportunities to the market. The fluctuating prices of raw materials along with lack of R&D activities and proper infrastructure are the key market challenges.
The report segments the market on the basis of power rating, end user and region.
Busbar Market By Power Rating
- Low Power
- Medium Power
- High Power
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Busbar Market By End User
- Utilities
- Industrial
- Residential
- Other End Users
Busbar Market By Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East
- Africa
Key Market Profiles
- Siemens AG
- ABB Ltd.
- Schneider Electric SE
- Eaton Corporation Plc.
- TE Connectivity Ltd.
- Legrand S.A.
- Rittal GMBH & Co. KG
- Mersen S.A.
- Chint Electrics Co. Ltd.
- Power Products LLC.
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