Need for efficient conductor and lower energy loss during
transmission and adoption of green & smart city concepts have boosted the
growth of the global busbar market. However, availability of cheap and
low-quality products and volatile raw material pricing hamper the market. On
the contrary, emerging switchgear and energy & power market is expected to
create lucrative opportunities in the near future.
The global busbar
industry was pegged at $14.0 billion in 2018,
and is projected to garner $23.6 billion in 2026, registering a CAGR
of 6.1% from 2019 to 2026.
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Aluminum segment to manifest the fastest CAGR through
2026
By material type, the aluminum segment is expected to
register the fastest CAGR of 6.7% during the forecast period, owing to high
conductivity and efficiency. However, the copper segment held the largest share
in 2018, contributing more than half of the global busbar market, owing to high
price of raw materials. The report includes analysis of the brass segment.
Industrial segment dominated the market
By application, the industrial segment held the lion's
share in 2018, accounting for more than two-fifths of the global busbar market.
However, the commercial segment is anticipated to register the fastest CAGR of
6.8% during the forecast period, owing to smart & green city concepts. The
report includes an analysis of the residential segment.
North America region to portray the fastest CAGR
by 2026
The global busbar market across North America is
estimated to register the fastest CAGR of 6.8% during the
forecast period, owing to the presence of major corporations in the region.
However, the market across Asia-Pacific held the largest share in
2018, accounting for more than half of the market, owing to increasing
investments in the emerging economies in the busbar industry. The report
includes analysis of the market across Europe and LAMEA.
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Industry Money Makers
·
Siemens AG
·
Schneider Electric SE
·
ABB Ltd.
·
Rogers Corporation
·
Eaton Corporation Plc.
·
Legrand S.A.
·
TE Connectivity Ltd.
·
Mersen S.A.
·
Friedhelm Loh Group
·
Chint Group
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#205, Portland, OR 97220
United States
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+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
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