Overview of the copper busbar and profiles market in Europe and Middle East
Technavio’s market research analyst predicts that the copper busbars and profiles market in Europe and Middle East will grow at a CAGR of around 5% between 2017 and 2021. The demand for copper busbars and profiles comes primarily from transformers and switchgear equipment that are used in the infrastructure industry. The electrical and power equipment sector requires copper busbars and profiles in power generation stations to connect the generator to step-up transformers and the transformers to switchgear. These busbars are predominantly consumed in transmission, power generation, and distribution equipment. The surge in power generation and distribution infrastructure will increase the number of substations, which in turn, will increase the demand for transformers and switchgear. This rise in demand for transformers and switchgear will fuel the demand for copper busbars and profiles during the forecast period. The growing focus on the modernization of national power grids and strong growth in the building construction investment will enhance the consumption of copper busbars and profiles in the EMEA region during the forecast period.
A growing market for solar energy will expand the market demand for copper busbars and profiles in the coming years. Copper busbars and profiles play a crucial role in conducting electricity between the cells of a solar panel. It separates the solar cells and conducts the current collected by cells to solar inverters that convert direct current power to alternate current power. The size of the busbar determines the maximum current that can be safely conducted. Moreover, the YoY increase in the installed photovoltaic capacity provides significant potential to the market players to meet the growing requirement for copper busbars and profiles designed for solar panels.
Competitive landscape and key vendors
The copper busbars and profiles market in EMEA is characterized by intense competition with the presence of players in regions such as APAC, Europe, and the Middle East. Large vendors like Aurubis, Gindre, Luvata, Oriental Copper, Sofia Med, and Copper and Copper Alloys Semifinished Products dominate the copper busbars and profiles market in EMEA. These players have vast geographical reach with large production facilities located across the globe. The Middle East and Africa regions have emerged as new geographical markets to increase their sales of copper busbars and profiles for several European and the US players. Price, quality, reputation, recognition, logistics, and sales network and financial health are the key competitive factors for the market vendors.
Leading vendors in the market are -
- Aurubis
- Gindre
- Luvata
- Oriental Copper
- Sofia Med (Halcor Group)
- Copper and copper alloys Semifinished Products
Other prominent vendors in the copper busbars and profiles market in EMEA include Metal Gems, Maksal, Copalcor, Elektrosan, and Carlo Colombo.
Segmentation by application and analysis of the copper busbars and profiles market in EMEA
- Transformers
- Switchgear
- Control panels and distribution board
The transformers segment led the market and is anticipated to continue its domination throughout the predicted period. Copper is the main conductor material used in transformer windings, busbars, and others. Increased urbanization in developing countries such as Saudi Arabia and the UAE, has led to a rise in the demand for reliable distribution of electric power. This high demand for electric power is significantly increasing the requirement for transformers in these countries, which in turn, will boost the market for copper busbars and profiles during the forecast period.
Geographical segmentation and analysis of the copper busbars and profiles market in EMEA
- Europe
- Middle East
- Africa
The copper busbars and profiles market in the Middle East is expected to witness the highest growth rate over the next four years. Countries in the Middle East such as Oman and Saudi Arabia are actively promoting the use of alternative energy sources. These nations offer significant potential to build massive solar power plants as they receive constant and abundant sunshine. Moreover, the steady economic growth in these countries has made them major consumers of electricity. The Middle East region is anticipated to require additional electricity in the coming years to meet the growing demand for renewable energy sources, subsequently boosting the need for copper busbars and profiles.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the copper busbars and profiles market in EMEA?
- What are the key market trends impacting the growth of the copper busbars and profiles market in EMEA?
- What are the challenges to market growth?
- Who are the key vendors in the copper busbars and profiles market in EMEA?
- What are the market opportunities and threats faced by the vendors in the copper busbars and profiles market in EMEA?
- Trending factors influencing the market shares of the EMEA region.
- What are the key outcomes of the five forces analysis of the copper busbars and profiles market in EMEA?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Outlook
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
- Purchase process criteria
- Vendor selection criteria
- Copper busbars market channel
PART 06: Market segmentation by application
- Copper busbars and profiles market in EMEA by application
- Copper busbars and profiles market in EMEA in transformer segment
- Copper busbars and profiles market in EMEA in switchgear segment
- Copper busbars and profiles market in EMEA in control panel and distribution board segment
- Copper busbars and profiles market in EMEA in other application segments
PART 07: Market segmentation by geography
- Copper busbars and profiles market in EMEA by target region
- Copper busbars and profiles market in Europe
- Copper busbars and profiles market in Middle East
- Copper busbars and profiles market in Africa
PART 08: Market drivers
- Growth in power and electrical equipment sector
- Growing economies in EMEA
- Conductivity properties of copper
PART 09: Impact of drivers
PART 10: Market challenges
- Competition from alternative metals and materials
- Shortage of raw materials and skilled labor in Middle East
- Volatile raw material prices of copper
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Growing solar power industry
- Increasing use of finned busbar profiles in small cabinets
- Increasing investment in smart grid network
PART 13: Vendor landscape
- Competitive scenario
- LME calculations and fixation methods
- Major market vendors
- Other prominent vendors
- Copper and copper alloys Semifinished Products (Shahid Bahonar Copper Industries)
- Aurubis
- Gindre
- Luvata
- Sofia Med (Halcor Group)
- Oriental Copper
PART 14: Appendix
PART 15: Explore Technavio