There were 77 press releases posted in the last 24 hours and 209,988 in the last 365 days.

Busbar Market is Expected to Reach $23.6 Billion by 2026: Says AMR

Requirement for efficient conductor & lower energy loss during transmission and implementation of green & smart city concepts drive the growth of the global busbar market. Moreover, the global market across Asia-Pacific region has dominated in 2018 with highest market share, and is expected to lead the trail throughout the forecast period.

/EIN News/ -- Portland, OR, Feb. 22, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global busbar industry was estimated at $14.0 billion in 2018, and is expected to hit $23.6 billion in 2026, manifesting a CAGR of 6.1% from 2019 to 2026. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Requirement for efficient conductor & lower energy loss during transmission and implementation of green & smart city concepts drive the growth of the global busbar market. On the other hand, accessibility of cheap and low-quality products and cost of volatile raw material impede the market. Moreover, emerging switchgear and energy & power market is expected to present lucrative opportunities in the near future.

Download Sample PDF (197 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/951

Covid-19 Scenario:

  • The manufacturing facilities and supply chain management has undergone disruption during the initial phase of covid-19.
  • However, as the regulations are getting eased off, the market is expected to revive soon.

Global busbar market is segmented based on materials type, application, and region. Based on material type, the aluminum segment is expected to portray the fastest CAGR of 6.7% during the forecast period. On the other hand, the copper segment dominated the market with largest share in 2018.

Get detailed COVID-19 impact analysis on the Busbar Market Request Here

Based on application, the industrial segment contributed to the highest share in 2018, with more than two-fifths of the global busbar market. At the same time, the commercial segment is expected to showcase the fastest CAGR of 6.8% during the forecast period.

The global busbar market across Asia-Pacific held the lion’s share in 2018, with more than half of the market. On contrary, the market across North America is estimated to portray fastest CAGR of 6.8% during the forecast period. The other two provinces in report includes Europe and LAMEA.

The key players profiled in market report include 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.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/951

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more informationhttps://www.alliedmarketresearch.com/library-access

Similar Reports:
(Pre-Book Now with 10% Discount)

Busbar Trunking Market - Global Opportunity Analysis and Industry Forecast from 2019 to 2026

Switchgear Market - Global Opportunity Analysis and Industry Forecast from 2019 to 2026

Low Voltage Cable Market – Global Opportunities and Forecasts, from 2020 to 2027

Ultra Efficient Solar Power Market - Global Opportunities & Forecasts, from 2020 to 2027

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact us:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141

International: +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow Us on | Facebook | Twitter | LinkedIn 


Primary Logo