Busbar Trunking System Market Analysis
The global busbar trunking system market is predicted to have a healthy growth at a 6.5% CAGR over the forecast period (2017-2023), reveals the latest Market Research Future report (MRFR). Busbar trunking system (BTS) is a prefabricated electrical distribution system comprising of busbars within a protective enclosure, which includes accessories, devices, fittings, and straight lengths. BTS has a wide range of applications including hotels, hospitals, IT, apartments, industries, assembly lines in factories, and airports.
Stringent government rules and regulations are prompting various industries and multi facilities infrastructures to emphasis on the efficient use of electricity and operational efficiency are the major attracting factors for the end-users, which influence the Busbar Trunking System Market Analysis. The latest technological advancements coupled with the extensive uptake of Busbar Trunking System in various data centers across the world is the key factor propelling the market growth on the global platform.
Busbars are becoming irreplaceable owing to their higher safety and convenience factor. The expenditure of cabling and trunking, and the installation time needed in traditional cables is higher compared to busbars. Installing busbars has various benefits over conventional cabling. Busbars have a compact design, due to which they need less space, which is a key benefit. Other benefits include their better heat absorption, higher flexibility, lower installation costs, better resistance, reduced loss of energy, a lower electromagnetic field. Busbars come with a steel casing, making the unit safe and secure, and helps in safe, efficient, and easy distribution of line.
Busbar Trunking System Industry Segmentation
The Market Research Future report offers a wide segmental analysis of the busbar trunking system market on the basis of conductor, insulation, power rating, and end user.
Based on the conductor, the busbar trunking system market is segmented into aluminum and copper. Of these, the copper conductor segment will have the largest share in the market over the forecast period.
Based on insulation, the busbar trunking system market is segmented into sandwich and air. Of these, sandwich insulation will lead the market over the forecast period.
Based on the power rating, the busbar trunking system market is segmented into low, medium, high, and lighting.
Based on end user, the busbar trunking system market is segmented into transportation, large residential, commercial, and industrial.
Regional Analysis
Based on the region, the busbar trunking system market analysis report covers growth opportunities and the latest trends across the Asia Pacific, Europe, North America, and Rest of the World.
Of these, Asia Pacific will outweigh others in the market over the forecast period. This is owing to growth in urbanization, industrialization, substantial economic growth, modernization, and growing population. Rapid technological advancement and the increasing number of data centers are also contributing to the growth of the market in this region. Europe as well as North America are also predicted to remain key contributors in the market over the forecast period. This is owing to the widespread growth of both the commercial and industrial sector in these regions. Moreover, government subsidies provided to consumers and industries to save electricity are also predicted to have a positive effect on the market in these regions.
Key Players
Leading players profiled in the busbar trunking system market report include DBTS Industries SDN. BHD (Malaysia), Busbar Services (South Africa), Godrej & Boyce Manufacturing Company Limited (India), Legrand SA (France), C&S Electric Limited (India), General Electric (U.S.), Siemens AG (Germany), Larsen & Toubro (India), Eaton Corporation, Plc (Ireland), Schneider Electric (France), ABB, Ltd. (Switzerland), and others.
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