Energy and Power

Global Busbar Market 2016-2020

  • TEC442987
  • 61 Pages
  • March 2016
  • Energy and Power
About Busbar

A busbar is a metallic strip or bar capable of conducting electricity. It is an essential component of the electrical power grid that enables the grid to conduct electricity while reducing power loss simultaneously. The materials used for busbar construction and its dimensional specifications determine the maximum current it can safely conduct. Low power rating busbars are used in electrical systems of small-scale buildings or residential construction and warehouses. Medium power rated busbars are employed in electrical substations, while high power rated busbars are used in the smelting industry.

Technavios analysts forecast the global busbar market to grow at a CAGR of 5.44% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global busbar market for 2016-2020. To calculate the market size, the report considers the demand for busbars from different end-users.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Busbar Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
Eaton
Legrand
Schneider Electric
Siemens

Other prominent vendors
Chint Electrics
Mersen
Power Products
Rittal
TE Connectivity

Market driver
Demand from transportation industry
For a full, detailed list, view our report

Market challenge
Low demand from steel smelting industry
For a full, detailed list, view our report

Market trend
Rising solar power capacity
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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