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Busbar Trunking System Market: Global Forecast until 2022

  • May 2017
  • 219 pages
  • ID: 4911698
In this report:
The lighting busbar trunking system segment is estimated to have a smaller market share of ##.##% in 2017, and is expected to grow at a slower CAGR of ##.##% from 2017 to 2022, as it is still an uneconomical option for small and medium enterprises.
According to the International Renewable Energy Agency (IRENA), Africa is expected to contribute ##% of its final energy consumption through renewable sources by 2030, with a major share from hydropower, wind energy, and solar energy.

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"The busbar trunking system market is estimated to rise at a compound annual growth rate of ~6.9 percent, between 2017 and 2022."

The busbar trunking system market is estimated to grow ~$8.9B by 2022, at a compound annual growth rate of ~6.9 percent, between 2017 and 2022. Increased adoption of energy efficiency practices, different operational and technical advantages to the potential end-users, space constraints in multi-storey buildings, and increasing demand for power are the main drivers of the busbar trunking system market.

Demand for electricity, multiple operational and technical advantages for consumers, and growing government mandates for saving the power are other main drivers that would drive the busbar trunking system market. In the busbar trunking system market, the prices may fluctuate which could hinder the increase of the market.

"The sandwich busbar trunking system sub-segment, within the insulation segment, is anticipated to rise at the highest compound annual growth rate (CAGR), between 2017 and 2022."

The sandwich busbar trunking sub-segment, within the insulation segment, led the busbar trunking system market in 2016 and is expected to dominate the industry during the estimate period. The segment is anticipated to grow at the quickest rate during the outlook period.

Sandwich busbar trunking system is more compact as compared to air insulated busbar trunking system, making it a preferred choice in high-rise buildings. The compact nature of sandwich type results in higher efficiency due to lower voltage drop. Furthermore, sandwich busbar trunking system is flexible in nature and easy to install resulting into lower installation as well as maintenance cost.

"Asia-Pac: The biggest market for busbar trunking system"

Asia Pacific (APAC) is currently the biggest market for busbar trunking systems, closely followed by North America continent. The APAC market is primarily influenced by countries including China (CN), India (IN), Japan (JP), and Australia (AU) where there are high demands for busbar trunking system due to many manufacturing activities in South Asian countries. The sector in this area is expected to grow at an important rate, with China (CN) anticipated to dominate the industry. Growing domestic demand for efficient power infrastructure would drive the sector for busbar trunking system. The Chinese government is taking efforts to extend the grid and build new power plants, wind farms, and solar farms. It has induced a series of reforms in electricity pricing, distribution and retail segments, electricity trading, distributed generation, and other aspects.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects.

The classification of primaries interviews is like:

By Company Type: Tier 1 25.0 percent, Tier 2 40.0 percent, Tier 3 35.0 percent

By Designation: C-Level- 15.0 percent, Manager-Level- 55.0 percent, Others- 30.0 percent

By area: Asia-pac- 60%, Middle East- 10.0 percent, Europe- 16.0 percent, North america (NA)- 9%, and Africa- 5.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined

On the basis of their final revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = $10.0B to $20.0B, and Tier 3 =

The key players in the busbar trunking system market contain ABB, Limited, Siemens (SIA), Schneider Electric (SU), General Electric (NYSE:GE), and Eaton (NYSE:ETN), plc.

Segment Research

The analysis defines, depicts, and forecasts the overall busbar trunking system market by end-user, power rating, insulation, conductor, low voltage segment, and area. It also provides a in-depth qualitative and quantitative analysis of the market. The market research offers a comprehensive analysis of major market drivers, industry restraints, alternatives, opportunities, winning imperatives, and main issues. It also includes different important aspects of the market.

Why acquire this industry report?

• The report determines and addresses main markets for busbar trunking system, which would help providers review the rise in the industry demand for products.

• The report benefits product providers distinguish the pulse of the sector, and offers business insights into drivers, market restraints, and opportunities.

• The report will facilitate top players comprehend the strategies of their competitors better, and will benefit in making tactical conclusions.

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