Press release
Busbar Market To Be Driven By The Rising Investments Towards Developing Efficient Power Supply Networks In The Forecast Period Of 2023-2028
The new report by Expert Market Research titled, 'Global Busbar Market Size, Share, Report and Forecast 2023-2028', gives an in-depth analysis of the global busbar market, assessing the market based on its segments like power rating, conductor, end-use, industry, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/busbar-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2020): USD 15 Billion
Forecast CAGR (2023-2028): 5.25%
Forecast Market Size (2026): USD 20.4 Billion
The global busbar market is being driven by rising investments in developing efficient power supply networks across residential, commercial, and industrial establishments. Its adoption is being preferred over other options because of its ability to supply high voltage power in building structures without requiring additional space.
Increased investments in the refurbishment and replacement of ageing transmission networks and increasing adoption of smart grid technology are adding to the market size. Less heat dissipation, versatility of tap-off sites, bulk power transmission over long distances, minor fire threats, and reduced wire hassle are some of the main features that will affect product acceptance positively over the forecast period.
Busbar Industry Definition and Major Segments
A busbar (also bus bar) is a metallic strip or bar used in electric power distribution that is usually located within switchgear, panel boards, and busway enclosures for local high current power distribution. They are often used to connect high-voltage equipment at electrical switchyards and low-voltage equipment in battery banks.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/busbar-market
Based on power rating, the market can be divided into:
High
Medium
Low
On the basis of conductor, the industry is bifurcated into:
Copper
Aluminium
The industry can be categorised on the basis of end-use into:
Industrial
Commercial
Residential
Utilities
On the basis of industry, the industry is divided into
Chemicals and Petroleum
Metals and Mining
Manufacturing
Others
Regionally, the market is segmented into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Busbar Market Trends
The busbar market will grow faster as high-voltage transmission networks become more widely used to meet rising electricity demand. Rising investments in energy infrastructure projects to support electricity generation units would also help the market expand. For example, the European Union announced in January 2019 that it will invest USD 896.1 million in energy infrastructure projects, with USD 564.5 million going to smart grid and electricity.
Key Market Players
The major players in the market are Siemens, ABB, Schneider Electric, Eaton Corporation, Mersen, Oriental Copper Co. Ltd., Legrand Electric Ltd., and Southwire Company LLC, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Indian Pasta Market: https://www.marketwatch.com/press-release/indian-pasta-market-trends-price-share-size-growth-analysis-report-and-forecast-2023-2028-2023-05-08?mod=search_headline
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India Beauty and Personal Care Market: https://www.marketwatch.com/press-release/india-beauty-and-personal-care-market-price-trends-size-share-growth-analysis-report-forecast-2023-2028-2023-05-15?mod=search_headline
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/busbar-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2020): USD 15 Billion
Forecast CAGR (2023-2028): 5.25%
Forecast Market Size (2026): USD 20.4 Billion
The global busbar market is being driven by rising investments in developing efficient power supply networks across residential, commercial, and industrial establishments. Its adoption is being preferred over other options because of its ability to supply high voltage power in building structures without requiring additional space.
Increased investments in the refurbishment and replacement of ageing transmission networks and increasing adoption of smart grid technology are adding to the market size. Less heat dissipation, versatility of tap-off sites, bulk power transmission over long distances, minor fire threats, and reduced wire hassle are some of the main features that will affect product acceptance positively over the forecast period.
Busbar Industry Definition and Major Segments
A busbar (also bus bar) is a metallic strip or bar used in electric power distribution that is usually located within switchgear, panel boards, and busway enclosures for local high current power distribution. They are often used to connect high-voltage equipment at electrical switchyards and low-voltage equipment in battery banks.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/busbar-market
Based on power rating, the market can be divided into:
High
Medium
Low
On the basis of conductor, the industry is bifurcated into:
Copper
Aluminium
The industry can be categorised on the basis of end-use into:
Industrial
Commercial
Residential
Utilities
On the basis of industry, the industry is divided into
Chemicals and Petroleum
Metals and Mining
Manufacturing
Others
Regionally, the market is segmented into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Busbar Market Trends
The busbar market will grow faster as high-voltage transmission networks become more widely used to meet rising electricity demand. Rising investments in energy infrastructure projects to support electricity generation units would also help the market expand. For example, the European Union announced in January 2019 that it will invest USD 896.1 million in energy infrastructure projects, with USD 564.5 million going to smart grid and electricity.
Key Market Players
The major players in the market are Siemens, ABB, Schneider Electric, Eaton Corporation, Mersen, Oriental Copper Co. Ltd., Legrand Electric Ltd., and Southwire Company LLC, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:-
Coffee Market: https://www.marketwatch.com/press-release/coffee-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-03-14?mod=search_headline
Energy Drinks Market: https://www.marketwatch.com/press-release/energy-drinks-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-03-29?mod=search_headline
Gaming Peripherals Market: https://www.marketwatch.com/press-release/gaming-peripherals-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-04-04?mod=search_headline
Indian Tea Market: https://www.marketwatch.com/press-release/indian-tea-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-04-05?mod=search_headline
Footwear Market: https://www.marketwatch.com/press-release/footwear-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-04-05?mod=search_headline
Electric Bike Market: https://www.marketwatch.com/press-release/electric-bike-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-04-06?mod=search_headline
Logistics Market: https://www.marketwatch.com/press-release/logistics-market-size-share-price-trends-growth-analysis-report-forecast-2023-2028-2023-04-19?mod=search_headline
Indian Pasta Market: https://www.marketwatch.com/press-release/indian-pasta-market-trends-price-share-size-growth-analysis-report-and-forecast-2023-2028-2023-05-08?mod=search_headline
Tea Market: https://www.marketwatch.com/press-release/tea-market-share-size-trends-price-growth-analysis-report-forecast-2023-2028-2023-05-09?mod=search_headline
India Beauty and Personal Care Market: https://www.marketwatch.com/press-release/india-beauty-and-personal-care-market-price-trends-size-share-growth-analysis-report-forecast-2023-2028-2023-05-15?mod=search_headline
Company Name: Claight Corporation
Contact Person: John Walker, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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