Global Busbar Trunking Systems Market 2017-2021

The infographic below contains key findings from our busbar trunking system market forecast report

Want a bigger picture? Get a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Global Busbar Trunking Systems Industry Outlook

Technavio’s market research analyst predicts the global busbar trunking system market to grow steadily at a CAGR of above 6% by 2021. One of the primary drivers for this market is the exponential rise in the demand for power. The demand for power drives the need for more transmission and distribution (T&D) networks which will, in turn, increase the demand for busbars. The residential, industrial, and commercial sectors consume a large amount of power. For instance, in the residential sector, power is consumed by cooling, lighting, and for running appliances and equipment. Also, it is observed that the income levels of individuals are highly indicative of consumption patterns. Moreover, the transport sector is experiencing considerable growth in the consumption of electricity both in the developed and developing nations. In the developed nations, there is a constant urge to make technological innovations that help in the expansion of the transport sector; for example, the change in trend from self-drive cars to driverless cars. In the developing nations, the expansion in the transport sector is improving connectivity and raising the living standards of people. This rising demand for electricity in almost all the industries across the globe will propel the growth of the busbar trunking system market during the forecast period.

One of the latest trends gaining traction in this market is the increasing number of data centers. Busbar trunking system is used largely for power distribution to data centers. The number of data centers has seen a substantial increase in the last few years and is expected to rise in the future. Over the past few years, it is observed that urbanization, industrialization, and mechanization have led to an increased need for creating business models, improve products, and maintain a healthy relationship with customers. This demand for such complex operations creates a need for a platform that is dependable and can perform such operations with speed and flexibility. Consequently, the adoption of data centers is expected to grow at a significantly high rate, this, in turn, will augment growth in the global busbar trunking system market in the coming years.  

Competitive landscape and key vendors

The global busbar trunking system market is highly fragmented due to the presence of a large number of small and regional vendors in the market. To gain a competitive advantage, a number of players are investing heavily in and emphasizing on strategies to carry out further research to develop innovative products. With more efficient and cost effective product entering the market, the competition is expected to increase in the next few years.

The report offers a detailed analysis of several leading companies, including:

• ABB
• GE
• Legrand
• Schneider Electric
• Siemens

Other prominent vendors in the busbar trunking system market include Eaton, L&T, C&S Electric, Pogliano, DBTS Industries, Elbagate, Busbar Services, Jiangsu Wetown Busway, Shanghai Zhenda, Superior Electric, Delta Electric, and Mersen.

     Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE Trial!

Busbar trunking system market segmentation by end-user 

• Power generation sector
• Industrial sector
• Commercial sector

During 2016, the power generation sector dominated the busbar trunking system market and accounted for a major part of the overall market share. The upsurge in the construction of renewable energy sources has boosted the demand for busbar trunking system market across the globe.

Busbar trunking system market segmentation by geography

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the APAC to dominate the busbar trunking system market during the forecast period. Factors such as the growing populations and changing trends of urbanization and industrialization are the key contributors to the dominance of the busbar trunking system market in the region.

Key highlights of the global busbar trunking system market for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the busbar trunking system market during the next five years
• Precise estimation of the global busbar trunking system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• Growth of the busbar trunking system industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of busbar trunking system companies

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch