Busbar trunking is defined as a system consisting of prefabricated electrical distribution system covered in a highly protective enclosure, which includes various components like fittings, devices, straight lengths, elbows and accessories. They find their applications in many industrial & commercial firms to offer ideal, secure, safe, and efficient distribution network system. Various industries & multi facilities infrastructure focus towards efficient use of electricity owing to stringent government rules & regulations. Also, rapid technical advancement & operational efficiency are the major attracting factors for the end-users, which influence the busbar trunking system market.
The increase in Stable & reliable supply of electricity across the globe is expected to boost the global busbar trunking system market growth over the forecast period. The increase in focus towards energy conservation & energy efficiency along with accelerating investments to modernize the aging electricity infrastructure which is expected to propel the global busbar trunking system market growth. Also, the rise in adoption of smart grid will positively influence the market growth.
Furthermore, the significant investment by regulatory authorities to meet the increasing demand for energy across emergency and advanced economies which is expected to stimulate the industry outlook will significantly drive the global busbar trunking system market growth during this forecast period. Busbar trunking system performs the function of transforming current from one point to another point. The expansion of electrification of developing regions will elevate the demand for modern electrical equipments like busbars, and internet transformers will support the global busbar trunking system market growth.
The increase in cost of capital expenditure is expected to hamper the global busbar trunking system market growth during this forecast timeframe. Also, instability of raw material prices may limit the growth of global busbar trunking system market.
The Global Busbar Trunking System Market is segmented into conductor material such as Aluminum, Copper, and Alloys, by insulation type such as Air Insulation, and Sandwich Insulation, by power rating such as Lighting, Low, Medium, and High. Further, market is segmented into end user such as Commercial, Residential, Industrial, Transportation, and Others.
Also, the Global Busbar Trunking System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Some key players are discussed in this report including ABB LTD, EATON CORPORATION, SCHNEIDER ELECTRIC SE, SIEMENS, LARSEN & TOUBRO, C&S ELECTRIC, LEGRAND SA, KGS ENGINEERING LTD, GE, NAXSO S.R.L, etc.
Market Drivers
The increase in Stable & reliable supply of electricity across the globe is expected to boost the global busbar trunking system market growth over the forecast period. The increase in focus towards energy conservation & energy efficiency along with accelerating investments to modernize the aging electricity infrastructure which is expected to propel the global busbar trunking system market growth. Also, the rise in adoption of smart grid will positively influence the market growth.
Furthermore, the significant investment by regulatory authorities to meet the increasing demand for energy across emergency and advanced economies which is expected to stimulate the industry outlook will significantly drive the global busbar trunking system market growth during this forecast period. Busbar trunking system performs the function of transforming current from one point to another point. The expansion of electrification of developing regions will elevate the demand for modern electrical equipments like busbars, and internet transformers will support the global busbar trunking system market growth.
Market Restraints
The increase in cost of capital expenditure is expected to hamper the global busbar trunking system market growth during this forecast timeframe. Also, instability of raw material prices may limit the growth of global busbar trunking system market.
Market Segmentation
The Global Busbar Trunking System Market is segmented into conductor material such as Aluminum, Copper, and Alloys, by insulation type such as Air Insulation, and Sandwich Insulation, by power rating such as Lighting, Low, Medium, and High. Further, market is segmented into end user such as Commercial, Residential, Industrial, Transportation, and Others.
Also, the Global Busbar Trunking System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Some key players are discussed in this report including ABB LTD, EATON CORPORATION, SCHNEIDER ELECTRIC SE, SIEMENS, LARSEN & TOUBRO, C&S ELECTRIC, LEGRAND SA, KGS ENGINEERING LTD, GE, NAXSO S.R.L, etc.
Market Taxonomy
By Conductor Material
- Aluminum
- Copper
- Alloys
By Insulation Type
- Air Insulation
- Sandwich Insulation
By Power Rating
- Lighting
- Low
- Medium
- High
By End User
- Commercial
- Residential
- Industrial
- Transportation
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Busbar Trunking System Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Frequently Asked Questions about the Global Busbar Trunking System Market
What is the estimated value of the Global Busbar Trunking System Market?
What is the growth rate of the Global Busbar Trunking System Market?
What is the forecasted size of the Global Busbar Trunking System Market?
Who are the key companies in the Global Busbar Trunking System Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2021 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 9055.25 million |
| Forecasted Market Value ( USD | $ 14245.1 million |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Busbar Trunking System Market Outlook
5 Global Busbar Trunking System Market, By Conductor Material
6 Global Busbar Trunking System Market, By Insulation type
7 Global Busbar Trunking System Market, By Power Rating
8 Global Busbar Trunking System Market, By End User
9 Global Busbar Trunking System Market, By Region
10 North America Busbar Trunking System Analysis and Forecast (2020 - 2027)
11 Europe Busbar Trunking System Market Analysis and Forecast (2020 - 2027)
12 Asia Pacific Busbar Trunking System Market Analysis and Forecast (2020 - 2027)
13 Latin America Busbar Trunking System Market Analysis and Forecast (2020 - 2027)
14 Middle East Busbar Trunking System Market Analysis and Forecast (2020 - 2027)
15 Competitive Analysis
Companies Mentioned
- ABB LTD
- EATON CORPORATION
- SCHNEIDER ELECTRIC SE
- SIEMENS
- LARSEN & TOUBRO
- C&S ELECTRIC
- LEGRAND SA
- KGS ENGINEERING LTD
- GE
- NAXSO S.R.L
