Developing Countries have Seen a Growth in Busbar Trunking Systems Industry

Research report recognizes the following companies as the key players in the global busbar trunking system market: ABB, GE, Legrand, Schneider Electric, and Siemens.

Dallas, United States - June 6, 2017 /MarketersMedia/ —

According to the report, one of the major drivers for this market is high demand for power. The demand for power drives the need for more T&D networks which will, in turn, increase the demand for busbars. The growing population coupled with rapid urbanization and industrialization are responsible for the rising consumption of power.

Other Prominent Vendors in the market are: Eaton, L&T, C&S Electric, Pogliano, DBTS Industries, Elbagate, Busbar Services, Jiangsu Wetown Busway, Shanghai Zhenda, Superior Electric, Delta Electric, and Mersen.

Research analysts forecast the Global Busbar Trunking System Market to grow at a CAGR of 6.15 % during the period 2017-2021.

Commenting on the report, an analyst from team said: “The latest trend gaining momentum in the market is growing number of data centers. Data centers comprise highly networked computer servers that store large volumes of data. Busbar trunking systems are used largely for power distribution to data centers. The number of data centers has seen a substantial increase in the last few years and is expected to rise in the future. Increased dependency on the Internet and social media, clubbed with advances in technology, have ignited growth in the number of data centers.”

Busbar trunking system is an integrated system of distributing electrical power. This is an enclosed setup containing copper/aluminum busbars.

The report covers the present scenario and the growth prospects of the global busbar trunking system market for 2017-2021. To calculate the market size, the report considers the demand for the busbar trunking systems from various end-users.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

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Further, the report states that one of the major factors hindering the growth of this market is fluctuating raw material prices. With the increase in competition, vendors need to develop superior quality and cost-effective busbars. Busbar trunking systems use two types of conductors — copper and aluminum. The prices of these metal components fluctuate significantly. Though companies have endeavored to absorb the fluctuating prices of materials to remain cost-competitive, the prices of busbars still remain high.

Market driver
• High demand for power
• For a full, detailed list, view our report

Market challenge
• Fluctuating raw material prices
• For a full, detailed list, view our report

Market trend
• Growing number of data centers
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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Source: MarketersMedia

Release ID: 205388