Published on : Feb 27, 2019
Albany, New York, February 27, 2019: Responsible for the distribution and convergence of electrical energy, busbars have become popular as an essential part of substations and power plants. Manufacturers are widely adopting laminated bus bars as it lowers manufacturing costs by reducing assembly time along with material handling cost. These introductory insights are according to the report titled, “Busbars Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” lately released in the intelligence report of Market Research Hub (MRH). Assessing a host of factors with respect to market share, busbars market is expected to expand at a compound annual growth rate of 4% during the forecast period 2018-2028.
On account of busbars enhancing reliability and increasing capacity, the demand for high energy efficiency of electric infrastructure has encouraged installers to give top priority to energy efficiency. In addition, initiatives by private entities and governments with respect to installation of transmission and distribution networks are expected to spur the market for busbars.
According to the report, growing installations of busbars in hospitals, research centers and hotels are anticipated to propel the growth of busbars market. Besides soaring consumption of energy, there has been concern with respect to loss of distribution and transmission which signifies the importance of busbars in the market. Meanwhile, adding busbars to the system may be an effective insurance as by replacing a standard cable harnesses with busbars eliminate wiring errors.
Busbars Market: Report Content
Qualitative and quantitative analysis underlie a comprehensive analysis on the busbars market for the forecast period 2018-2026. The report presents a lucid picture of the dynamics of the market, expanding to drivers, opportunities, trends and restraints. These factors become paramount and have great influence in the growth of the busbars market. Further, the report includes the segmentation of the busbars market to provide a holistic view. The market is segmented on the basis of conductor type, power rating, end-user and region.
The report starts with a comprehensive executive summary followed by market background section. The market background section delves into macro-economic factors and value chain analysis. The report also includes market structure analysis which sheds light on market share analysis of top players along with market presence analysis of players. The report also shows the technology roadmap of the market.
The last section delves into the competitive landscape of the busbars market with a competition dashboard, developments, benchmarking and deep dive. The section elucidates overview, product portfolio, sales footprint and strategy of leading players in the market.
Busbars Market: Research Methodology
The market for busbars adopts supply-demand approach to provide a holistic picture of the market. In-house panel of experts have thoroughly analyzed the research sources, including secondary sources and primary sources. Revenue comparison, market share comparison and Y-o-Y growth comparison on the geography lead to the market size of the busbars. The growth of manufacturers in the historical and forecast period are estimated to assist the readers with investment decisions.
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