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| A00803 | Pages: 197 | Nov 2019 | 8640 Views | | |
| Author(s) : Yamini Parihar , Eswara Prasad | Tables: 96 | Charts: 62 |
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Pandemic disrupted the entire world and affected many industries.
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Request Now !Global busbar market accounted for revenue of $14.0 billion in 2018 and is anticipated to generate $23.6 billion by 2026. The global busbar market is projected to experience growth at a CAGR of 6.1% from 2019 to 2026. Busbar is a metallic strip or bar that acts as medium to distribute power in a system. The metals used are aluminum, copper, bronze, or other efficient alloys that are capable of offering high conductivity and low energy loss during transmission. Aluminum is majorly preferred owing to its higher electrical conductivity. Busbar is fully or partly insulated for protection. It is a commonly enclosed in switchgears, panel boards, switch panels, and busway enclosures. Busbar is capable of enduring high temperature environment, dissipating the heat, and great mechanical strength.
The need for efficient conductor and lower energy loss during transmission has replaced the conventional methods of power distribution by busbar made from highly conductive metals. Hence, it acts as driving factor for the growth of the market. Moreover, smart & green city concepts boost the busbar market growth. The integration of busbars in the newly developed or upcoming projects for city or town developments by replacing cables and wired connectivity positively impacts market growth. In addition, the wind power generation & distribution industry is experiencing a surge, which results in high demand for busbars used at different levels of power distribution process, hence driving the market growth. The busbar offers easy and faster installation which offers cost benefits to the end-users. This acts as driving factor for the market as conventional methods takes up time and labor for the same.
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Moreover, busbar largely cuts down the facility costs as they replace the cables and other related components acting as another factor for the growth of the busbar market. Furthermore, busbars are secure, reliable, and environment friendly which further contribute toward the growth of the busbar market. However, availability of the cheap and low-quality products in the market restrain the market growth. In-addition, lack of R&D activities and volatile raw material pricing also hampers the market growth.
Global busbar market is segmented based on materials type, application, and region. Depending on materials type, it is divided into aluminum, copper, and brass. The application covered in the study are industrial, commercial, and residential. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa).
The key players in busbar industry are Siemens AG, ABB Ltd., Schneider Electric SE, Eaton Corporation Plc., Rogers Corporation, TE Connectivity Ltd., Legrand S.A., Friedhelm Loh Group, Mersen S.A., and Chint Group. The key players adopted several strategies such as new product launch, agreement, acquisition, and expansion to sustain the intense competition in the market.
Busbar Market, by Material Type
By type, the market is divided into aluminum, copper, and brass. Copper dominates the market in terms of revenue owing to high price of raw material. Aluminum is expected to grow at a higher CAGR during the forecast period. Aluminum has high conductivity and efficiency. It is 70% lighter than copper making preferable by the end users. In-addition the loss of energy during the transmission is also lower in comparison to other materials, which results in increased demand for aluminum.
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Busbar Market, by Application
By application, the market is further segmented into industrial, commercial, and residential. The industrial segment dominated the market by holding large market share in terms of revenue. However, the commercial segment is expected to grow at higher CAGR owing to smart & green city concepts. As the busbars are easy to install and saves space, the commercial sector is rapidly replacing the conventional cables with busbars. The commercial sectors such as buildings, corporate offices, departmental stores, shopping malls, offices and banking are adopting busbars.
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Busbar Market, by Region
By region, Asia-Pacific has the highest busbar market share owing to the increased investments in the emerging economies in the busbar industry. China dominates the Asia-Pacific busbar market followed by India. India is expected to experience highest growth in the region owing to increased investments in the market. North America is expected to be the fastest growing region in the busbar market owing to the presence of major corporation in the region. U.S. dominates the market in the North America region and is expected to grow at a higher pace followed by Canada.
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Key Market Segments
Key Market Players
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Research methodology
1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Porter's five forces analysis
3.3. Market share analysis/Top player positioning, 2018
3.3.1. Top player positioning, 2018
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Need for efficient conductor and lower energy loss during transmission
3.4.1.2. Green & smart city concepts
3.4.2. Restraint
3.4.2.1. Availability of cheap and low-quality products
3.4.2.2. Volatile raw material pricing
3.4.3. Opportunity
3.4.3.1. Emerging switchgear and energy & power market
CHAPTER 4: GLOBAL BUSBAR MARKET, BY MATERIAL TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Aluminum
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis, by country
4.3. Copper
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis, by country
4.4. Brass
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis, by country
CHAPTER 5: GLOBAL BUSBAR MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Industrial
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.3. Commercial
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.4. Residential
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
CHAPTER 6: GLOBAL BUSBAR MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by material type
6.2.3. Market size and forecast, by application
6.2.4. Market share analysis, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by material type
6.2.5.2. Market size and forecast, by application
6.2.6. Canada
6.2.6.1. Market size and forecast, by material type
6.2.6.2. Market size and forecast, by application
6.2.7. Mexico
6.2.7.1. Market size and forecast, by material type
6.2.7.2. Market size and forecast, by application
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by material type
6.3.3. Market size and forecast, by application
6.3.4. Market share analysis, by country
6.3.5. Germany
6.3.5.1. Market size and forecast, by material type
6.3.5.2. Market size and forecast, by application
6.3.6. UK
6.3.6.1. Market size and forecast, by material type
6.3.6.2. Market size and forecast, by application
6.3.7. France
6.3.7.1. Market size and forecast, by material type
6.3.7.2. Market size and forecast, by application
6.3.8. Italy
6.3.8.1. Market size and forecast, by material type
6.3.8.2. Market size and forecast, by application
6.3.9. Spain
6.3.9.1. Market size and forecast, by material type
6.3.9.2. Market size and forecast, by application
6.3.10. Russia
6.3.10.1. Market size and forecast, by material type
6.3.10.2. Market size and forecast, by application
6.3.11. Rest of Europe
6.3.11.1. Market size and forecast, by material type
6.3.11.2. Market size and forecast, by application
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by material type
6.4.3. Market size and forecast, by application
6.4.4. Market share analysis, by country
6.4.5. China
6.4.5.1. Market size and forecast, by material type
6.4.5.2. Market size and forecast, by application
6.4.6. Japan
6.4.6.1. Market size and forecast, by material type
6.4.6.2. Market size and forecast, by application
6.4.7. India
6.4.7.1. Market size and forecast, by material type
6.4.7.2. Market size and forecast, by application
6.4.8. South Korea
6.4.8.1. Market size and forecast, by material type
6.4.8.2. Market size and forecast, by application
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market size and forecast, by material type
6.4.9.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by material type
6.5.3. Market size and forecast, by application
6.5.4. Market share analysis, by country
6.5.5. Brazil
6.5.5.1. Market size and forecast, by material type
6.5.5.2. Market size and forecast, by application
6.5.6. Argentina
6.5.6.1. Market size and forecast, by material type
6.5.6.2. Market size and forecast, by application
6.5.7. Saudi Arabia
6.5.7.1. Market size and forecast, by material type
6.5.7.2. Market size and forecast, by application
6.5.8. South Africa
6.5.8.1. Market size and forecast, by material type
6.5.8.2. Market size and forecast, by application
6.5.9. Rest of LAMEA
6.5.9.1. Market size and forecast, by material type
6.5.9.2. Market size and forecast, by application
CHAPTER 7: COMPANY PROFILES
7.1. Siemens AG
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.2. ABB
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.3. Schneider Electric
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.4. Eaton Corporation plc
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product Portfolio
7.4.5. Business performance
7.5. Rogers Corporation
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product Portfolio
7.5.5. Business performance
7.6. TE Connectivity
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product Portfolio
7.6.5. Business performance
7.7. Legrand S.A.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product Portfolio
7.7.4. Business performance
7.8. Friedhelm Loh Group
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product Portfolio
7.9. Mersen
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product Portfolio
7.9.5. Business performance
7.10. CHINT Group
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product Portfolio
LIST OF TABLES
TABLE 01. GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 02. GLOBAL BUSBAR MARKET FOR ALUMINUM, BY REGION, 2018–2026 ($MILLION)
TABLE 03. GLOBAL BUSBAR MARKET FOR COPPER, BY REGION, 2018–2026 ($MILLION)
TABLE 04. GLOBAL BUSBAR MARKET FOR BRASS, BY REGION, 2018–2026 ($MILLION)
TABLE 05. GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 06. GLOBAL BUSBAR MARKET FOR INDUSTRIAL, BY REGION, 2018–2026 ($MILLION)
TABLE 07. GLOBAL BUSBAR MARKET FOR COMMERCIAL, BY REGION, 2018–2026 ($MILLION)
TABLE 08. GLOBAL BUSBAR MARKET FOR RESIDENTIAL, BY REGION, 2018–2026 ($MILLION)
TABLE 09. GLOBAL BUSBAR MARKET, BY REGION, 2018-2026 ($MILLION)
TABLE 10. NORTH AMERICA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 11. NORTH AMERICA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 12. NORTH AMERICA GLOBAL BUSBAR MARKET, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 13. U.S. GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 14. U.S. GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 15. CANADA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 16. CANADA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 17. MEXICO GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 18. MEXICO GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 19. EUROPE GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 20. EUROPE GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 21. EUROPE GLOBAL BUSBAR MARKET, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 22. GERMANY GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 23. GERMANY GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 24. UK GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 25. UK GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 26. FRANCE GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 27. FRANCE GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 28. ITALY GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 29. ITALY GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 30. SPAIN GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 31. SPAIN GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 32. RUSSIA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 33. RUSSIA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 34. REST OF EUROPE GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 35. REST OF EUROPE GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 36. ASIA-PACIFIC GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 37. ASIA-PACIFIC GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 38. ASIA-PACIFIC GLOBAL BUSBAR MARKET, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 39. CHINA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 40. CHINA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 41. JAPAN GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 42. JAPAN GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 43. INDIA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 44. INDIA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 45. SOUTH KOREA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 46. SOUTH KOREA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 47. REST OF ASIA-PACIFIC GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 48. REST OF ASIA-PACIFIC GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 49. LAMEA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 50. LAMEA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 51. LAMEA GLOBAL BUSBAR MARKET, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 52. BRAZIL GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 53. BRAZIL GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 54. ARGENTINA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 55. ARGENTINA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 56. SAUDI ARABIA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 57. SAUDI ARABIA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 58. SOUTH AFRICA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 59. SOUTH AFRICA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 60. REST OF LAMEA GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILLION)
TABLE 61. REST OF LAMEA GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 62. SIEMENS AG: COMPANY SNAPSHOT
TABLE 63. SIEMENS AG: OPERATING SEGMENTS
TABLE 64. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 65. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 66. ABB: COMPANY SNAPSHOT
TABLE 67. ABB: OPERATING BUSINESS SEGMENTS
TABLE 68. ABB: PRODUCT PORTFOLIO
TABLE 69. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 70. SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 71. SCHNEIDER ELECTRIC: OPERATING SEGMENTS
TABLE 72. SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 73. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 74. EATON CORPORATION PLC: COMPANY SNAPSHOT
TABLE 75. EATON CORPORATION PLC: OPERATING SEGMENTS
TABLE 76. EATON CORPORATION PLC: PRODUCT PORTFOLIO
TABLE 77. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 78. ROGERS CORPORATION: COMPANY SNAPSHOT
TABLE 79. ROGERS CORPORATION: OPERATING SEGMENTS
TABLE 80. ROGERS CORPORATION: PRODUCT PORTFOLIO
TABLE 81. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 82. TE CONNECTIVITY: COMPANY SNAPSHOT
TABLE 83. TE CONNECTIVITY: OPERATING SEGMENTS
TABLE 84. TE CONNECTIVITY: PRODUCT PORTFOLIO
TABLE 85. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 86. LEGRAND: COMPANY SNAPSHOT
TABLE 87. LEGRAND: PRODUCT PORTFOLIO
TABLE 88. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 89. FRIEDHELM: COMPANY SNAPSHOT
TABLE 90. FRIEDHELM: PRODUCT PORTFOLIO
TABLE 91. MERSEN: COMPANY SNAPSHOT
TABLE 92. MERSEN: OPERATING SEGMENTS
TABLE 93. MERSEN: PRODUCT PORTFOLIO
TABLE 94. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 95. CHINT GROUP: COMPANY SNAPSHOT
TABLE 96. CHINT GROUP: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY, BY SEGMENT
FIGURE 03. EXECUTIVE SUMMARY, BY COUNTRY
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06. LOW THREAT OF NEW ENTRANTS
FIGURE 07. LOW THREAT OF SUBSTITUTES
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. HIGH BARGAINING POWER OF BUYERS
FIGURE 10. TOP PLAYER POSITIONING, 2018
FIGURE 11. GLOBAL BUSBAR MARKET DYNAMICS
FIGURE 12. GLOBAL BUSBAR MARKET, BY MATERIAL TYPE, 2018–2026 ($MILILION)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF GLOBAL BUSBAR MARKET FOR ALUMINUM, BY COUNTRY, 2018 & 2026 ($MILLION)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF GLOBAL BUSBAR MARKET FOR COPPER, BY COUNTRY, 2018 & 2026 ($MILLION)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF GLOBAL BUSBAR MARKET FOR BRASS, BY COUNTRY, 2018 & 2026 ($MILLION)
FIGURE 16. GLOBAL BUSBAR MARKET, BY APPLICATION, 2018–2026 ($MILILION)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF GLOBAL BUSBAR MARKET FOR INDUSTRIAL, BY COUNTRY, 2018 & 2026 ($MILLION)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF GLOBAL BUSBAR MARKET FOR COMMERCIAL, BY COUNTRY, 2018 & 2026 ($MILLION)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF GLOBAL BUSBAR MARKET FOR RESIDENTIAL, BY COUNTRY, 2018 & 2026 ($MILLION)
FIGURE 20. U.S. GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 21. CANADA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 22. MEXICO GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 23. GERMANY GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 24. UK GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 25. FRANCE GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 26. ITALY GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 27. SPAIN GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 28. RUSSIA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 29. REST OF EUROPE GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 30. CHINA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 31. JAPAN GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 32. INDIA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 33. SOUTH KOREA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 34. REST OF ASIA-PACIFIC GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 35. BRAZIL GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 36. ARGENTINA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 37. SAUDI ARABIA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 38. SOUTH AFRICA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 39. REST OF LAMEA GLOBAL BUSBAR MARKET REVENUE, 2018–2026 ($MILLION)
FIGURE 40. SIEMENS AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 41. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 42. SIEMENS AG: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 43. ABB: REVENUE, 2016–2018 ($MILLION)
FIGURE 44. ABB: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 45. ABB: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 46. SCHNEIDER ELECTRIC: REVENUE, 2016–2018 ($MILLION)
FIGURE 47. SCHNEIDER ELECTRIC: REVENUE SHARE BY SEGEMENT, 2018 (%)
FIGURE 48. SCHNEIDER ELECTRIC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 49. EATON CORPORATION PLC: REVENUE, 2016–2018 ($MILLION)
FIGURE 50. EATON CORPORATION PLC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 51. EATON CORPORATION PLC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 52. ROGERS CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 53. ROGERS CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54. ROGERS CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55. TE CONNECTIVITY: REVENUE, 2016–2018 ($MILLION)
FIGURE 56. TE CONNECTIVITY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57. TE CONNECTIVITY: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 58. LEGRAND: REVENUE, 2016–2018 ($MILLION)
FIGURE 59. LEGRAND: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 60. MERSEN: REVENUE, 2016–2018 ($MILLION)
FIGURE 61. MERSEN: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 62. MERSEN: REVENUE SHARE BY REGION, 2018 (%)
The global busbar market is anticipated to grow at a considerable rate during the forecast period. This is attributed to the rise in demand for busbar from various end-use industries. There is an increase in the demand from developing economies such as China and India, which fosters the market growth. Demand for busbar from developed regions such as Europe also contributed largely to the market growth owing to the presence of key market players in the region. The replacement of cables by the busbar is driving the market growth. The busbar market is anticipated to grow at steady pace as they are highly conductive and lower the energy loss during transmission. Busbar is commonly enclosed in switchgears, panel boards, switch panels, and busway enclosures. As they are capable of enduring high temperature environment, dissipating the heat, and great mechanical strength, they are majorly used in automotive, aerospace, mining, electricity distribution, energy & power generation, and other industries. However, the availability cheap and low-quality products, lack of R&D activities, and volatile raw material pricing hampers the market growth. Meanwhile, emerging switchgear market and integration in energy & power market offer lucrative opportunities for busbar industry.
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