A recent report published by Infinium Global Research on busbar trunking market provides an in-depth analysis of segments and sub-segments in the global as well as regional busbar trunking market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional busbar trunking market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global busbar trunking market. According to the report, the global busbar trunking market is projected to grow at a CAGR of 6.8% over the forecast period of 2019-2025.
Busbar trunking system in a compact design is the most effective, safe and ideal system for electricity supply to industrial installations and high-rise structures. It offers a wide current range from 125A to 2000A in type CBC (Copper conductor) and 160A to 1250A in type CBA (Aluminium conductor) with the prospect of serving loads up to 400A with standard plug-in boxes. Busbar trunking consists of a manufactured electrical distribution system bounded in a very high protective structure. It includes structures such as elbows, straight lengths, devices, fittings, and accessories. Busbar trunking has major applications across industrial and commercial institutions to offer an efficient, safe and ideal system of distribution network.
The wide use of busbar trunking system in various data centers and the latest advancement in the technology across the world is the major driving factor of the busbar trunking market. Furthermore, factors such as lack of sufficient space in multi-storey buildings, focus on increasing energy efficient practices and increasing government regulations to have efficient use of electricity are other driving factors of the market. Accelerating investments to develop the aging electricity infrastructure is fueling the growth of the market. The demand for busbar trunking is rising due to the growing demand for cost efficiency, enhanced safety, and reliability in power distribution systems across the globe. However, busbar trunking system is not economical for the small and medium enterprises that are the main restraint factor for the market. Moreover, developing smart cities & green constructions are expected to provide wide growth opportunities for market players in the future.
Geographically, North America dominates the global busbar trunking market due to the wide use of aluminum conductors in this region. Europe is the second largest market for the busbar trunking owing to the continual increase in the electricity consumption trends coupled with the adoption of high voltage transmission & distribution lines. Asia-Pacific is the fastest growing region due to the increasing number of data centers in the region and the technological advancement in a number of countries in the region.
The report on global busbar trunking market covers segments such as conductor, power rating, insulation, and end-user. On the basis of conductor, the sub-markets include copper, and aluminum. On the basis of power rating, the sub-markets include lighting range, low power range, medium power range, and high power range. On the basis of insulation, the sub-markets include air insulation, and sandwich insulation. On the basis of end-user, the sub-markets include manufacturing industry, process industry, commercial, renewable power generation, large residential, public infrastructure, and transportation.
The report provides profiles of the companies in the market such as ABB, Siemens AG, Schneider Electric Co., Legrand, Eaton Co., GE Industrial, ARJ Group, Busbar Services, C&S Electric Ltd, DBTS Industries SDN. BHD, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of busbar trunking market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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