Global busbar market accounted for revenue of $14.0 billion in 2018 and is anticipated to generate $23.6 billion by 2026. The global busbar market is projected to experience growth at a CAGR of 6.1% from 2019 to 2026. Busbar consists of a strip or bar of conductor made of aluminum, copper, or brass. It is covered by insulators that connect electrical loads and distribute power in an integrated electrical network for safety purposes. It has applications majorly in switchgears, switchboards, distribution panels, and multiple establishments that are based on consumption of electric power. Aluminum is majorly preferred metal for busbars owing to its high electrical conductivity and lower energy loss during transmission in comparison to other materials.
The government is concerned regarding energy efficiency. The preference of busbars over cables owing to low cost drives the market growth. Wind power and global power generation are now being integrated resulting in increased demand for busbars. The concepts of smart & green cities also act as key factor that boosts the busbar market growth owing to the increased application of busbars.
The grey market that offers low-quality and cheap products hinders the busbar market growth. In-addition, the fluctuation in raw material prices and lack of R&D activities also acts as challenge for the market. Meanwhile, emerging applications in switchgears market act as a key factor to offer lucrative growth opportunities to the busbar market.
Global busbar market is segmented on the basis of material type, application, and region. Depending on material type, it is divided into aluminum, copper, and brass. The application covered in the study includes industrial, commercial and residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa).
The key players operating in global busbar industry are Siemens AG, ABB Ltd., Schneider Electric SE, Eaton Corporation Plc., Rogers Corporation, TE Connectivity Ltd., Legrand S.A., Friedhelm Loh Group, Mersen S.A., and Chint Group. The key players have adopted several strategies such as new product launch, agreement, acquisition, and expansion to sustain the intense competition in the market.
KEY BENEFITS FOR STAKEHOLDERS
• The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the global busbar market from 2018 to 2026 to determine the prevailing opportunities.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• Estimations and forecast are based on factors impacting the busbar market growth, in terms of value.
• Profiles of leading players operating in the busbar market are provided to understand the global competitive scenario.
• The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable busbar market growth.
KEY MARKET SEGMENTS
By Material Type
• Aluminum
• Copper
• Brass
By Application
• Industrial
• Commercial
• Residential
By Region
§ North America
o U.S.
o Canada
o Mexico
§ Europe
o UK
o Germany
o France
o Spain
o Italy
o Russia
o Rest of Europe
§ Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
§ LAMEA
o Brazil
o Argentina
o Saudi Arabia
o South Africa
o Rest of LAMEA
• Key Players
o Siemens AG
o ABB Ltd.
o Schneider Electric SE
o Eaton Corporation Plc.
o Rogers Corporation
o TE Connectivity Ltd.
o Legrand S.A.
o Friedhelm Loh Group
o Mersen S.A.
o Chint Group
Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Research Methodology
1.3.1. Primary Research
1.3.2. Secondary Research
1.3.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings Of The Study
2.2. Cxo Perspective
Chapter 3: Market Landscape
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Porter'S Five Forces Analysis
3.3. Market Share Analysis/Top Player Positioning, 2018
3.3.1. Top Player Positioning, 2018
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Need For Efficient Conductor And Lower Energy Loss During Transmission
3.4.1.2. Green & Smart City Concepts
3.4.2. Restraint
3.4.2.1. Availability Of Cheap And Low-Quality Products
3.4.2.2. Volatile Raw Material Pricing
3.4.3. Opportunity
3.4.3.1. Emerging Switchgear And Energy & Power Market
Chapter 4: Global Busbar Market, By Material Type
4.1. Overview
4.1.1. Market Size And Forecast
4.2. Aluminum
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Copper
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Share Analysis, By Country
4.4. Brass
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Share Analysis, By Country
Chapter 5: Global Busbar Market, By Application
5.1. Overview
5.1.1. Market Size And Forecast
5.2. Industrial
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.3. Commercial
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.4. Residential
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
Chapter 6: Global Busbar Market, By Region
6.1. Overview
6.1.1. Market Size And Forecast
6.2. North America
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Material Type
6.2.3. Market Size And Forecast, By Application
6.2.4. Market Share Analysis, By Country
6.2.5. U.S.
6.2.5.1. Market Size And Forecast, By Material Type
6.2.5.2. Market Size And Forecast, By Application
6.2.6. Canada
6.2.6.1. Market Size And Forecast, By Material Type
6.2.6.2. Market Size And Forecast, By Application
6.2.7. Mexico
6.2.7.1. Market Size And Forecast, By Material Type
6.2.7.2. Market Size And Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Material Type
6.3.3. Market Size And Forecast, By Application
6.3.4. Market Share Analysis, By Country
6.3.5. Germany
6.3.5.1. Market Size And Forecast, By Material Type
6.3.5.2. Market Size And Forecast, By Application
6.3.6. Uk
6.3.6.1. Market Size And Forecast, By Material Type
6.3.6.2. Market Size And Forecast, By Application
6.3.7. France
6.3.7.1. Market Size And Forecast, By Material Type
6.3.7.2. Market Size And Forecast, By Application
6.3.8. Italy
6.3.8.1. Market Size And Forecast, By Material Type
6.3.8.2. Market Size And Forecast, By Application
6.3.9. Spain
6.3.9.1. Market Size And Forecast, By Material Type
6.3.9.2. Market Size And Forecast, By Application
6.3.10. Russia
6.3.10.1. Market Size And Forecast, By Material Type
6.3.10.2. Market Size And Forecast, By Application
6.3.11. Rest Of Europe
6.3.11.1. Market Size And Forecast, By Material Type
6.3.11.2. Market Size And Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Material Type
6.4.3. Market Size And Forecast, By Application
6.4.4. Market Share Analysis, By Country
6.4.5. China
6.4.5.1. Market Size And Forecast, By Material Type
6.4.5.2. Market Size And Forecast, By Application
6.4.6. Japan
6.4.6.1. Market Size And Forecast, By Material Type
6.4.6.2. Market Size And Forecast, By Application
6.4.7. India
6.4.7.1. Market Size And Forecast, By Material Type
6.4.7.2. Market Size And Forecast, By Application
6.4.8. South Korea
6.4.8.1. Market Size And Forecast, By Material Type
6.4.8.2. Market Size And Forecast, By Application
6.4.9. Rest Of Asia-Pacific
6.4.9.1. Market Size And Forecast, By Material Type
6.4.9.2. Market Size And Forecast, By Application
6.5. Lamea
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Material Type
6.5.3. Market Size And Forecast, By Application
6.5.4. Market Share Analysis, By Country
6.5.5. Brazil
6.5.5.1. Market Size And Forecast, By Material Type
6.5.5.2. Market Size And Forecast, By Application
6.5.6. Argentina
6.5.6.1. Market Size And Forecast, By Material Type
6.5.6.2. Market Size And Forecast, By Application
6.5.7. Saudi Arabia
6.5.7.1. Market Size And Forecast, By Material Type
6.5.7.2. Market Size And Forecast, By Application
6.5.8. South Africa
6.5.8.1. Market Size And Forecast, By Material Type
6.5.8.2. Market Size And Forecast, By Application
6.5.9. Rest Of Lamea
6.5.9.1. Market Size And Forecast, By Material Type
6.5.9.2. Market Size And Forecast, By Application
Chapter 7: Company Profiles
7.1. Siemens Ag
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Product Portfolio
7.1.5. Business Performance
7.2. Abb
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Product Portfolio
7.2.5. Business Performance
7.3. Schneider Electric
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Product Portfolio
7.3.5. Business Performance
7.4. Eaton Corporation Plc
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Product Portfolio
7.4.5. Business Performance
7.5. Rogers Corporation
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Product Portfolio
7.5.5. Business Performance
7.6. Te Connectivity
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Product Portfolio
7.6.5. Business Performance
7.7. Legrand S.A.
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Product Portfolio
7.7.4. Business Performance
7.8. Friedhelm Loh Group
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Product Portfolio
7.9. Mersen
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Product Portfolio
7.9.5. Business Performance
7.10. Chint Group
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Product Portfolio
