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    Busbar Market Report

    Busbar Market Report
    Report code - SRCE312 Delivery - 2 Weeks
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    Busbar Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026.
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    Impact of COVID-19 on Busbar Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Busbar Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Busbar Market is likely to witness an impressive CAGR of 5.5% during the forecast period. Growing investments aimed at establishing effective power supply network, busbar’s ability to provide high voltage power in building structures without occupying any additional space, rising demand for reliable and continuous electricity supply mixed with increasing focus to minimize energy losses across transmission and distribution are some of the major factors driving the market growth during the forecast period.

    Busbar Market - Snapshot

    Growth

    5.5% for the next five years

    Major Material Type

    Copper

    Leading Power Type

    High

    Major Application Type

    Commercial

    Region with the highest demand

    Asia-Pacific

    Key Players

    Godrej & Boyce Mfg. Co. Ltd., Halcor, Littlefuse, MERSEN, Methode Electronics, Oriental Copper Co., Ltd., Pentair, Rittal, Schneider Electric, and Southwire Company, LLC.

    Segment Analysis

    Busbar-Market-Dominant-Segments

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    Busbar Market Share: By Material Type

    Based on the material type, the market is segmented as copper and aluminum. Copper busbar is projected to witness strong growth rate in the market owing to its ability to transmit large currents with minimal losses and high resistivity. In addition, features such as longer lifespan, higher conductivity, advanced security features and high threshold from damage will further fuel the product demand in the market.  Copper busbar is further categorized as electrolytic tough pitch and oxygen free. On the other hand, the aluminum busbar market is expected to be positively influenced by its lightweight and high mechanical strength features.

    Busbar Market Share: By Power Range Type

    Based on the power range type, the market is segmented as low, medium, and high. High power is anticipated to be the leading segment of the market owing to the ongoing trend of modernization of ultra-high transmission lines to reduce line losses and suffice electricity demand. Lower sagging and effective supply features over long routes will further fuel the segment growth over the forecast period. The low power busbar market growth to be driven by its ability to distribute power efficiently to light fixture in industrial as well as commercial sector.

    Busbar Market Share: By Application Type

    Based on the application type, the market is segmented as commercial, residential and industrial. The commercial segment to witness significant growth during the forecast period owing to the rising electricity demand due to rapid urbanization. On the other hand, the industrial busbar segment is estimated to be positively influenced by strong economic growth, growing foreign direct investments toward electricity distribution & generation accompanied with rising public and private funding in development of infrastructure during the forecast period.

    Busbar Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to rising investments aimed at modernization and expansion of grid coupled with increased efforts to avoid the electricity supply & demand mismatch. China and India are the growth engines of the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Busbar-Market-By-Region

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    Market Scope & Segmentation

    Busbar is a metallic strip or electrical bar used to distribute power with flexibility and greater ease to multiple circuits in parallel.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Busbar Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The busbar market is segmented into the following categories.

    Busbar Market Size, Share, & Forecast, by Material Type:

    • Copper
      • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
      • Type Analysis: Electrolytic Tough Pitch and Oxygen Free
    • Aluminum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Busbar Market Size, Share, & Forecast, by Power Range Type:

    • Low (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • High (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Busbar Market Size, Share, & Forecast, by Application Type:

    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Busbar Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Busbar-Market-Segmentation

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    Key Players

    Some of the key players in the busbar market are-

    • Godrej & Boyce Mfg. Co. Ltd.
    • Halcor
    • Littlefuse
    • MERSEN
    • Methode Electronics
    • Oriental Copper Co., Ltd.
    • Pentair
    • Rittal
    • Schneider Electric
    • Southwire Company, LLC.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the material types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The busbar market is expected to witness an impressive growth of 5.5% CAGR in the foreseeable future.

    Godrej & Boyce Mfg. Co. Ltd., Halcor, Littlefuse, MERSEN, Methode Electronics, Oriental Copper Co., Ltd., Pentair, Rittal, Schneider Electric, and Southwire Company, LLC are the key players in the busbar market.

    Asia-pacific is expected to remain leading busbar market during the forecast period.

    The commercial segment is expected to witness significant growth in the busbar market during the next five years.

    High power is expected to be the leading power range type in the busbar market in the coming years.

    Copper busbar is expected to witness strong growth rate in the busbar market in the next five years.

    Growing investments aimed at establishing effective power supply network, busbars ability to provide high voltage power in building structures without occupying any additional space, rising demand for reliable and continuous electricity supply mixed with increasing focus to minimize energy losses across transmission and distribution are the factors driving the growth of busbar market.

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