Busbar Trunking System Market trends research and projections for 2017 – 2024

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Busbar Trunking System Market trends research and
projections for 2017 2024
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Global Market Scenario of Furfural Industry

• Growing demand for reliable and cost-efficient
  distribution networks coupled with mounting
  investments toward rapid urbanization and
  industrialization across developing economies
  will drive the global busbar trunking system
  market. Ongoing electricity generation from power
  plants along with rapid deployment of the
  renewable energy will positively impact the
  business growth. High degree of fire safety along
  with low space requirements will further boost
  the product penetration.
• U.S. busbar trunking system market will reach
  over USD 1 billion by 2024. Replacement and
  refurbishment of outmoded cable networks to meet
  the needs of a low-carbon, digital economy has
  significantly favored the product adoption. In
  2015, the Department of Energy (DOE) estimated an
  investment of over USD 2 Trillion for grid
  modernization in the U.S. for the next twenty
  years.
• Rapid expansion of micro grid networks for
  decentralized electricity generation will
  proliferate the busbar trunking system market
  growth. Stringent government regulations to curb
  energy losses across residential, commercial and
  industrial establishments will further complement
  the business outlook.

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Continue

• Rising demand for distribution networks with
  capability of optimizing electricity supplies and
  reduce the overall electric losses will foster
  the busbar trunking system market growth. Rapid
  technological advancements along with inclination
  towards the integration of power cables into a
  single unit will further complement the business
  outlook.
• Reasons to Buy This Report
• 1. Busbar Trunking System Market size
  share forecast by product application,
  2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Busbar Trunking System Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Saudi Arabia busbar trunking system market in
  2016 was valued over USD 200 million. Rapid
  infrastructure development along with positive
  outlook toward industrial sector has led to a
  robust industry growth. According to
  International Trade Administration, Saudi Arabia
  in 2016, has introduced investment plans of USD
  14.7 Billion to develop transmission of
  electricity and over USD 13.7 Billion for
  distribution of electric power over the next
  decade.
• Aluminum busbar trunking system market will grow
  owing to the improved conductivity per mass ratio
  which reduces the overall project cost. Low fire
  load, low susceptibility to electromagnetic
  fields and superior aesthetic value are some of
  the key imperative features which will escalate
  the business growth.

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