Copper Busbar and Profiles Market in Europe and Middle East 2017-2021

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?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Busbar Market 2016-2020
• Global Copper Pipes and Tubes Market 2016-2020
• Seamless Copper Tubes Market in MENA 2015-2019