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Busbar Trunking System Market Worth 8.85 Billion USD By 2022

Jul 05, 2017

"Busbar Trunking System Market by End-User (Industrial, Commercial, Large Residential, and Transportation), Power Rating (Lighting, Low, Medium, and High), Conductor (Copper and Aluminum), Insulation (Air and Sandwich), and by Low Voltage Segment - Global Forecast to 2022", The busbar trunking system market is expected to grow from an estimated USD 6.35 Billion in 2017 to USD 8.85 Billion by 2022, registering a CAGR of 6.88%, from 2017 to 2022. The global market is set to witness a significant growth due to the increasing demand for electricity, multiple operational and technical advantages to attracted end-users, and stringent regulatory requirements to save power.


The industrial sub-segment, within the end-user segment, led the busbar trunking system market in 2016, and is projected to dominate the market during the forecast period. The segment is expected to grow at the fastest rate during the forecast period. This segment is primarily driven by the increasing number of manufacturing activities in South Asian countries and increasing renewable sector in the North American countries. This is expected to create new revenue pockets for the busbar trunking system market during the forecast period. Busbar trunking systems plays a critical role in the T&D sector and distributes electricity to the production floors in various manufacturing as well as process industries.


The sandwich busbar trunking system sub-segment, within the insulation segment, is expected to hold the largest share of the busbar trunking system market during the forecast period.


The sandwich busbar trunking sub-segment, within the insulation segment, led the busbar trunking system market in 2016, and is projected to dominate the market during the forecast period. The segment is expected to grow at the fastest rate during the forecast period.


In the sandwich insulation type busbar trunking system, busbars are coated with epoxy or cast resin insulation material. This structure is more compact, energy efficient, flexible, reliable, fire retardant, and economical as compared to air insulated system. Hence, it is more preferred and used in applications such as wind power generation, data centers, high-rise buildings, IT parks, large retail outlets, warehouses, manufacturing, and process industries. The growing number of commercialization in developing economies, such as China, Japan, Australia, and India, is expected to create new revenue pockets for the busbar trunking system market during the forecast period.