Busbar Market is set to grow with a CAGR of more than 7.0 % during 2019-2026 | Credence Research

The global busbar market worldwide was valued at US$ 18.50 billion in 2018 and is expected to grow at a CAGR of 7.0 percent over the forecast period.

SANJOSE, United States - August 9, 2019 /MarketersMedia/ —

According to a new market research report published by Credence Research “Global Busbar Market– Growth, Future Prospects, and Competitive Analysis,2019 - 2027”, the overall busbar market worldwide was valued at US$ 18.50 Bn in 2018 and is set to grow with a CAGR of 7.0% during the forecast period.

Market Insights

The global busbar market is highly driven by the ability to reduce the system's cost, increase the efficiency and reliability of the systems. The busbars are majorly used for low voltage and high current distribution and to control equipment. These are used as feeders and planting cell in various industries and commercial buildings. Moreover, the ability of these components to be installed easily and requires less maintenance makes them an essential component for various systems. Moreover, the cost for busbar is less compared to the cables. The busbar has a large application in distribution panels, switchboards, switchgear, and system which require the consumption of electric power.

Browse the full report at https://www.credenceresearch.com/report/busbar-market

Based on the conductor, the busbar market has been segmented aluminum and copper. The comer sub-segment dominates the busbar market based on conductor due to their early adoption in commercial, residential and industrial application. Moreover, the copper has more conductivity as compared to aluminum, which also reduces the overall cost for the system as small bars of copper can be used making the overall systems reliable.

Asia-Pacific is expected to be the fastest-growing market due to the presence of various large chemical, manufacturing, utilities and other industries in the region which are using busbar. Additionally, the developing infrastructure and increasing population is a major factor for driving the busbar market in the region due to the demand of high electric power by the commercial and residential segment in the region. Moreover, the development of malls, amusement parks, cinema complexes, and others are adding fuel in the growth of the market. India and China are the main contributors to the growth of the market. Additionally, the presence of other countries such as Australia, Japan, South Korea and others also plays a vital role for the growth of the market.

Some of the prominent players operating in the Busbar market include Schneider Electric SE, ABB Ltd, Siemens AG, Legrand S.A., C &S Electric Company, Rittal GMBH & CO.KG., Eaton Corporation plc, CHINT Electric Co.Ltd, Naxso S.R.L, Graziadio & C. S.P.A., Mersen S.A., ARJ Group, and Nova Ltd.

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ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II-Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
...........

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global BusbarMarket Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of KeyBusbarVendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Busbar Market Analysis, by Conductor, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Aluminum
4.3 Copper

Chapter 5 Global Busbar Market Analysis, by Power Rating, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Low Power
5.3 Medium Power
5.4 High Power

Chapter 6 Global Busbar Market Analysis, by End-User, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Utilities
6.3 Residential
6.4 Commercial
6.5 Industrial
6.6 Chemicals & Petroleum
6.7 Metals & Mining
6.8 Manufacturing
6.9 Others

Chapter 7 North America Busbar Market Analysis, 2017 – 2027 (US$ Bn)
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Chapter 8 Europe Busbar Market Analysis, 2017 – 2027 (US$ Bn)
............

Chapter 9 Asia Pacific Busbar Market Analysis, 2017 – 2027 (US$ Bn)
...........

Chapter 10 Rest of the World (RoW)Busbar Market Analysis, 2017 – 2027 (US$ Bn)
...........

Chapter 11 Company Profiles
11.1 ABB Ltd
11.2 Siemens AG
11.3 Eaton Corporation plc
11.4 Legrand S.A.
11.5 C &S Electric Company
11.6 Mersen S.A.
11.7 Schneider Electric SE
11.8 CHINT Electric Co.Ltd
11.9 Rittal GMBH & CO.KG
11.10 Naxso S.R.L
11.11 Graziadio & C. S.P.A.
11.12 ARJ Group
11.13 Nova Ltd.
11.14 ARJ Group
..............toc continued

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Key questions answered in this report

What was the market size of Busbar in 2018 and forecast up to 2027?
Which is the largest regional market for low power in power rating?
What are the major trends followed in Busbar market across different regions?
Who are the key Busbar companies leading the market?
What are the key strategies adopted by the leading Busbar companies in market?

Browse the full report at https://www.credenceresearch.com/report/busbar-market

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Release ID: 88906508