The global busbar market has been witnessing considerable growth due to increasing application of busbars in the power infrastructure sector, which includes substations, switchgear, transformers and other transformation and distribution (T&D) equipment. With the rise in power generation, transmission and distribution projects, the global demand for busbars is expected to witness a substantial increase during the ... Read more
Tier 1 players in busbars landscape hold a revenue share of around 35-45%, whereas Tier 2 companies represent a collective share between 25% and 35%. A recently released intelligence report on the global landscape of busbars by Future Market Insights covers deep dive profiles of some of the industry giants including Schneider Electric SE, Eaton Corporation Plc, Siemens AG, Methode Electronics, ABB, Rittal GmbH & Co. KG, and Hubbell.
The competitive landscape analysis concludes ... Read more
The busbar market is expected to grow from an estimated USD 12.68 Billion in 2016 to USD 16.55 Billion by 2021, registering a CAGR of 5.48% from 2016 to 2021. The global market is witnessing significant growth because of energy consumption due to urbanization & industrialization, increasing focus on energy efficiency, and cost & operational benefits of busbar over cables.
Tier 1 players in busbars landscape hold a revenue share of around 35-45%, whereas Tier 2 companies represent a collective share between 25% and 35%. A recently released intelligence report on the global landscape of busbars by Future Market Insights covers deep dive profiles of some of the industry giants including Schneider Electric SE, Eaton Corporation Plc, Siemens AG, Methode Electronics, ABB, Rittal GmbH & Co. KG, and Hubbell.
The competitive landscape analysis concludes ... Read more
The busbar market is expected to grow from an estimated USD 12.68 Billion in 2016 to USD 16.55 Billion by 2021, registering a CAGR of 5.48% from 2016 to 2021. The global market is witnessing significant growth because of energy consumption due to urbanization & industrialization, increasing focus on energy efficiency, and cost & operational benefits of busbar over cables.
Busbar is an electrical system that is made up of a conductor strip of aluminum or copper. This power distribution system is placed in a wide range of equipment such as switchgears, distribution panels, and switchboards along with other items that operate on electricity. In recent years, the demand for low power busbars has been relatively high as they are being readily adopted in commercial and residential spaces.
