Global Busbar Trunking System Market Analysis

The global busbar trunking system market is predicted to have a healthy growth at a 6.5% CAGR over the forecast period (2017-2023), reveals the latest Market Research Future report (MRFR). Busbar trunking system (BTS) is a prefabricated electrical distribution system comprising of busbars within a protective enclosure, which includes accessories, devices, fittings, and straight lengths. BTS has a wide range of applications including hotels, hospitals, IT, apartments, industries, assembly lines in factories, and airports.

Busbars are becoming irreplaceable owing to their higher safety and convenience factor. The expenditure of cabling and trunking, and the installation time needed in traditional cables is higher compared to busbars. Installing busbars has various benefits over conventional cabling. Busbars have a compact design, due to which they need less space, which is a key benefit. Other benefits include their better heat absorption, higher flexibility, lower installation costs, better resistance, reduced loss of energy, a lower electromagnetic field. Busbars come with a steel casing, making the unit safe and secure, and helps in safe, efficient, and easy distribution of line.

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Market Segmentation

The Market Research Future report offers a wide segmental analysis of the busbar trunking system market on the basis of conductor, insulation, power rating, and end user.

Based on the conductor, the busbar trunking system market is segmented into aluminum and copper. Of these, the copper conductor segment will have the largest share in the market over the forecast period.

Based on insulation, the busbar trunking system market is segmented into sandwich and air. Of these, sandwich insulation will lead the market over the forecast period.

Based on the power rating, the busbar trunking system market is segmented into low, medium, high, and lighting.

Based on end user, the busbar trunking system market is segmented into transportation, large residential, commercial, and industrial.

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Regional Analysis

Based on the region, the busbar trunking system market report covers growth opportunities and the latest trends across the Asia Pacific, Europe, North America, and Rest of the World. Of these, Asia Pacific will outweigh others in the market over the forecast period. This is owing to growth in urbanization, industrialization, substantial economic growth, modernization, and growing population. Rapid technological advancement and the increasing number of data centers are also contributing to the growth of the market in this region. Europe as well as North America are also predicted to remain key contributors in the market over the forecast period. This is owing to the widespread growth of both the commercial and industrial sector in these regions. Moreover, government subsidies provided to consumers and industries to save electricity are also predicted to have a positive effect on the market in these regions.

Key Players

Leading players profiled in the busbar trunking system market report include DBTS Industries SDN. BHD (Malaysia), Busbar Services (South Africa), Godrej & Boyce Manufacturing Company Limited (India), Legrand SA (France), C&S Electric Limited (India), General Electric (U.S.), Siemens AG (Germany), Larsen & Toubro (India), Eaton Corporation, Plc (Ireland), Schneider Electric (France), ABB, Ltd. (Switzerland), and others.

Also Read: https://www.marketwatch.com/press-release/busbar-trunking-system-market-2019-global-industry-size-share-development-challenges-competitive-landscape-future-plans-and-regional-trends-by-forecast-2023-2019-01-15

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