Busbar industry analysis research and trends report 2024

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Busbar Market to surpass 20 Bn by 2024 Global
Market Insights Inc.
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Key Insights from Busbar Market

• Global Busbar Market size for 2016 was valued
  over USD 13 billion and is predicted to surpass 4
  million tons by 2024.
• Increasing demand for electrical conductor to
  carry large current within distribution board,
  substation, battery bank, switch board will
  stimulate the global busbar market size. Ability
  to offer stiffness to allow effective cooling of
  conductors, lower assembly time, reduced
  complexity and ability to tap-in without creating
  a new joint institute a favorable business
  scenario.
• Increasing development of smart cities have
  compelled utilities and installers to align their
  focus toward energy efficient electric
  infrastructure. Furthermore, favorable regulatory
  prospects in compliance to the labelling and
  eco-design reforms across developed economies
  will considerably foster the global busbar market
  share.
• The U.S. busbar market size is projected to reach
  over 600 Kilo Tons by 2024. Growing spending
  toward the replacement and upgradation of
  electrical grid network to suffice the
  electricity demand will foster the industry
  growth.

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Continued...

• Copper busbar market is set to witness growth of
  over 5 owing to its ability to offer effective
  corrosion resistance, and high thermal
  conductivity. Furthermore, improved ductility,
  temperature resilience, short circuit protection
  and reliable service life will escalate the
  product adoption.
• Increasing demand for reliable electricity from
  rural and urban areas along with introduction of
  several initiatives to support the installation
  of transmission and distribution network will
  augment the Asia Pacific busbar market size.
• Key industry players across busbar market include
  Bhagyanagar India, Siemens AG, Godrej Boyce
  Mfg., Southwire Company, Methode Electronics, CS
  electric, ABB, Busbar power range Belgium,
  Oriental Copper, Schneider Electric, Littlefuse,
  Eaton, Legrand Group, Pentair, MERSEN, Halcor and
  Legrand.

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Germany Busbar Market, By Power Range, 2016
2024 (USD Million)

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