Press release
Busbar Trunking Market Focuses on Pricing, Opportunities, Regional Outlook 2025
The report is designed to provide a holistic view of the Busbar Trunking Market 2021-2025. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). High-level interpretation of Busbar Trunking Market attributes using proprietary tools such as the Penetration Mapping Index, and other successful representational tools such as Porter’s Five Forces Analysis, SWOT, PESTEL, Ansoff’s Matrix, etc. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Busbar Trunking Market investments from 2021 till 2025.
The busbar trunking market is expected to grow at a CAGR of more than 5% over the period of 2020 - 2025.
Get Free Sample PDF Copy of Latest Research on Busbar Trunking Market2021 before the purchase
https://www.marketinsightsreports.com/reports/10192353262/busbar-trunking-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=A19
The Busbar Trunking Market is highly competitive and is moderately fragmented that consists of significant individual players such as Larsen & Toubro Limited, Eaton Corporation PLC, General Electric Company, Schneider Electric SE, and Siemens AG.
Key Market Trends:
Industrial Sector to Dominate the Market
- The industrial sector is expected to dominate the busbar trunking market in the forecast period, owing to factors like the increased adoption of energy efficiency practices, government mandates to save electricity, increasing demand for safe supply of electricity, and rise in focus on energy efficiency in the sector.
- The industrial sector energy consumption grew by over 12% from around 214 quadrillion British thermal units in 2010 to around 240 quadrillion British thermal units, in 2018. The energy consumption of the industrial sector is more than 50% of the total global energy consumption. With the rise in energy demand came the need for a safe supply of electricity, where busbar trunking has become irreplaceable.
- The majority of the energy consumption in the industrial sector comes from energy-intensive manufacturing industries involved in the manufacturing of basic chemicals, iron, and steel, food, non-ferrous metals, non-metallic minerals, refining, and paper. Energy-intensive industries are expected to occupy half of the share of the industrial sector energy consumption during the forecast period.
- India and China maintain a major share in the energy-intensive manufacturing sector. Both the countries combined had an industrial energy consumption of 63 quadrillion British thermal units in 2018.
- Therefore, with the increase in electricity demand from the industrial sector and rise in the industrial sector, especially in countries like India and China, the market for busbar trunking is expected to grow with it, due to its higher heat absorption capability, better resistance, and flexibility.
Asia-Pacific to Dominate the Market Growth
- Asia-Pacific is expected to be the fastest-growing market in the forecast period. Asia-Pacific is one of the fastest-growing regions in the world because of the increasing population, urbanization, and industrialization. As a result, the demand for guaranteed power supply is high. For addressing these demands, many countries are investing in the renewable energy sector and transmission and distribution infrastructure.
- As per the International Energy Agency (IEA), the world’s most populated country China is likely to install 36% of total worldwide hydroelectricity generation capacity and 40% of all global wind energy between 2015-2021. Already, China has over 259,000 MW of new coal plants in various stages of development and accounts for more than 1/3 of the global coal plant pipeline. Busbar trunking is expected to be the most obvious choice for these developments owing to factors like low maintenance and safety.
- On the other side, India is also investing heavily in the renewable sector heavily, with USD 11.1 billion invested in 2018 alone.
- On the other hand, both China and India hold a major share of the world’s industrial sector, mainly the energy-intensive manufacturing sector. While China’s industrial energy consumption in the highest in the world at a 29% share of the global industrial energy consumption in 2018, India is rapidly catching up with a steady increase in its industrial sector.
- Therefore, the aforementioned factors are expected to drive the market in the forecast period.
Inquire for Discount
https://www.marketinsightsreports.com/reports/10192353262/busbar-trunking-market-growth-trends-and-forecasts-2020-2025/discount?Mode=A19
Regions are covered By Busbar Trunking Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Busbar Trunking Market
-Changing the Busbar Trunking Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Busbar Trunking Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Busbar Trunking Market.
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Busbar Trunking Market:
– What are the recent developments and government policies?
– What are the top trends in the Busbar Trunking Market?
– What is the growth rate of the market?
– Which Is the Most potential market segment?
– Which are the top industry players in the Busbar Trunking Market?
– Which region would offer high growth for vendors in the market?
The report has 150 tables and figures browse the report description and TOC
https://www.marketinsightsreports.com/reports/10192353262/busbar-trunking-market-growth-trends-and-forecasts-2020-2025?Mode=A19
Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
CONTACT US:
Irfan Tamboli (Head of Sales) | Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
ABOUT US:
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc., Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
The busbar trunking market is expected to grow at a CAGR of more than 5% over the period of 2020 - 2025.
Get Free Sample PDF Copy of Latest Research on Busbar Trunking Market2021 before the purchase
https://www.marketinsightsreports.com/reports/10192353262/busbar-trunking-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=A19
The Busbar Trunking Market is highly competitive and is moderately fragmented that consists of significant individual players such as Larsen & Toubro Limited, Eaton Corporation PLC, General Electric Company, Schneider Electric SE, and Siemens AG.
Key Market Trends:
Industrial Sector to Dominate the Market
- The industrial sector is expected to dominate the busbar trunking market in the forecast period, owing to factors like the increased adoption of energy efficiency practices, government mandates to save electricity, increasing demand for safe supply of electricity, and rise in focus on energy efficiency in the sector.
- The industrial sector energy consumption grew by over 12% from around 214 quadrillion British thermal units in 2010 to around 240 quadrillion British thermal units, in 2018. The energy consumption of the industrial sector is more than 50% of the total global energy consumption. With the rise in energy demand came the need for a safe supply of electricity, where busbar trunking has become irreplaceable.
- The majority of the energy consumption in the industrial sector comes from energy-intensive manufacturing industries involved in the manufacturing of basic chemicals, iron, and steel, food, non-ferrous metals, non-metallic minerals, refining, and paper. Energy-intensive industries are expected to occupy half of the share of the industrial sector energy consumption during the forecast period.
- India and China maintain a major share in the energy-intensive manufacturing sector. Both the countries combined had an industrial energy consumption of 63 quadrillion British thermal units in 2018.
- Therefore, with the increase in electricity demand from the industrial sector and rise in the industrial sector, especially in countries like India and China, the market for busbar trunking is expected to grow with it, due to its higher heat absorption capability, better resistance, and flexibility.
Asia-Pacific to Dominate the Market Growth
- Asia-Pacific is expected to be the fastest-growing market in the forecast period. Asia-Pacific is one of the fastest-growing regions in the world because of the increasing population, urbanization, and industrialization. As a result, the demand for guaranteed power supply is high. For addressing these demands, many countries are investing in the renewable energy sector and transmission and distribution infrastructure.
- As per the International Energy Agency (IEA), the world’s most populated country China is likely to install 36% of total worldwide hydroelectricity generation capacity and 40% of all global wind energy between 2015-2021. Already, China has over 259,000 MW of new coal plants in various stages of development and accounts for more than 1/3 of the global coal plant pipeline. Busbar trunking is expected to be the most obvious choice for these developments owing to factors like low maintenance and safety.
- On the other side, India is also investing heavily in the renewable sector heavily, with USD 11.1 billion invested in 2018 alone.
- On the other hand, both China and India hold a major share of the world’s industrial sector, mainly the energy-intensive manufacturing sector. While China’s industrial energy consumption in the highest in the world at a 29% share of the global industrial energy consumption in 2018, India is rapidly catching up with a steady increase in its industrial sector.
- Therefore, the aforementioned factors are expected to drive the market in the forecast period.
Inquire for Discount
https://www.marketinsightsreports.com/reports/10192353262/busbar-trunking-market-growth-trends-and-forecasts-2020-2025/discount?Mode=A19
Regions are covered By Busbar Trunking Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Busbar Trunking Market
-Changing the Busbar Trunking Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Busbar Trunking Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Busbar Trunking Market.
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Busbar Trunking Market:
– What are the recent developments and government policies?
– What are the top trends in the Busbar Trunking Market?
– What is the growth rate of the market?
– Which Is the Most potential market segment?
– Which are the top industry players in the Busbar Trunking Market?
– Which region would offer high growth for vendors in the market?
The report has 150 tables and figures browse the report description and TOC
https://www.marketinsightsreports.com/reports/10192353262/busbar-trunking-market-growth-trends-and-forecasts-2020-2025?Mode=A19
Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
CONTACT US:
Irfan Tamboli (Head of Sales) | Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
ABOUT US:
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc., Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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