Market Overview

The growing transmission and distribution business in emerging as well as emerged nations is providing a vital boost to the busbar systems market.  The main function of the busbar systems is in the transmission and distribution operations, thus creates a demand and growth in the busbar market. Growing demand for power, rapid industrialization and major infrastructural activities in the developing nation is enhancing the demand in the busbar market. As per the study conducted by Market Research Future, the global market for busbar systems is likely to grow at the CAGR of around 5%.

Busbar trunking is a system comprises of assembled electrical distribution arrangement enclosed in a extremely shielding inclusion, which essentially comprises components such as fittings, devices, straight lengths, elbows and accessories. Busbar has a wide applications in many industrial and commercial sector to offer ideal, safe, secure and effective distribution network arrangement. Numerous commerce and multi amenities infrastructure emphasis toward well-organized use of electricity due to strict government norms, also technical progression and working efficiency are the major appealing feature for the end-user, which hereafter is expected to increases the busbar trunking system market. The modern progression in the technology and wide use of busbar trunking system in numerous data centers across the globe is the foremost growth factor of the busbar market. The upsurge in amount of data centers in recent periods and the predictable exponential evolution in near forthcoming years will certainly enhance the busbar trunking system market. As experimental since last decade the unexpected growth in development, urbanizations and automation which has led to advancement of several commercial sectors, costumer affiliation and end user gratification factors. Such factors can be measured as key growing characteristics of busbar system market in upcoming decade.

Prominent Players

Siemens AG (Germany), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S), Emerson Electric Co. (U.S.), Schneider Electric (United Kingdom) and Yokogawa Electric Corporation (Japan). among others. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Busbar Systems market.

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Competitive Analysis

The global market for Busbar Systems is one of the most technological advance market. The global Busbar Systems landscape has many vendors and competition is very intense. Vendors compete on the basis of custom services, solutions and price. Established vendors are expanding operations by setting up new units in emerging markets and extending their sales networks. Mergers and acquisitions between large vendors are also part of the landscape.

Industry News

In January, 2017 – Schneider Electric, the global specialist in energy management and automation, today introduced Canalis KR, busbar trunking for high-power distribution in harsh environments and critical applications.

In October, 2017 – ABB has been chosen by Serverius, one of the largest data center providers in the Netherlands, to modernize its data center, delivering greater efficiency, reliability and quality. ABB’s SMISSLINE TP system: the world’s first touch-safe busbar system is another critical element of the Severius modernization. This allows load-free modules and components to be made live and removed without the use of Personal Protective Equipment (PPE) to protect against electrical hazards. The plug-in modules save installation time while the vertical installation in the control cabinet saves space.

In June, 2017 – ABB will supply ABB AbilityTM iVD4 medium-voltage intelligent power distribution solution to the newly built 12-inch integrated circuit (IC) production line of Semiconductor Manufacturing International Corporation (SMIC), ensuring reliable power for SMIC to deliver efficient chip production through digitalization.

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