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Industrial Motor Busbars - Global Market Trajectory & Analytics

  • ID: 4805812
  • Report
  • April 2021
  • Region: Global
  • 285 Pages
  • Global Industry Analysts, Inc
Global Industrial Motor Busbars Market to Reach $18.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Industrial Motor Busbars estimated at US$14.4 Billion in the year 2020, is projected to reach a revised size of US$18.8 Billion by 2027, growing at a CAGR of 3.9% over the period 2020-2027. Copper Busbar, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$11.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aluminum Busbars segment is readjusted to a revised 4.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 6.9% CAGR

The Industrial Motor Busbars market in the U.S. is estimated at US$3.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

Select Competitors (Total 48 Featured):
  • ABB Group
  • Eaton Corporation PLC
  • General Electric Company
  • Legrand Group
  • Schneider Electric SA
  • Siemens AG
Frequently Asked Questions about the Global Market for Industrial Motor Busbars

What is the estimated value of the Global Market for Industrial Motor Busbars?

The Global Market for Industrial Motor Busbars was estimated to be valued at $14.4 Billion in 2020.

What is the growth rate of the Global Market for Industrial Motor Busbars?

The growth rate of the Global Market for Industrial Motor Busbars is 3.9%, with an estimated value of $18.8 Billion by 2027.

What is the forecasted size of the Global Market for Industrial Motor Busbars?

The Global Market for Industrial Motor Busbars is estimated to be worth $18.8 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Need for Power Monitoring Drives the Market
  • Busbars Aim to Reduce Energy Losses
  • Industrial Applications: The Largest End-Use Segment
  • PRODUCT OVERVIEW
  • Busbars and its Uses
  • Design of Busbars and Material Used
  • Copper Busbars
  • Electrical Busbar System
  • Type of Arrangements
  • Busbar Applications
  • Impact of Covid-19 and a Looming Global Recession
  • Rising Preference for Busbars over Cables Driving the Industrial Motor Busbar Market

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 48
Note: Product cover images may vary from those shown