Busbar Trunking Systems Market
Global Market Study on Busbar Trunking Systems: Demand for Low Voltage Busbar Trunking Systems Increasing in Textile and Power Generation Industries
The global busbar trunking systems market generated the revenue of approximately US$ 5 Bn in 2017, which is expected to grow at a healthy CAGR of 6.6% during the forecast period, 2018-2026.
Increasing automation in end-use industries and the high rate of compliance to the ICE (the International Electrotechnical Commission) standards for improved safety and operational life are a couple of primary factors that are expected to create significant opportunities for the manufacturers of busbar trunking systems over the projected period.
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- ALFA Technologies Pvt Ltd
- Anord Mardix Inc.
- C&S Electric
- DBTS Industries Sdn Bhd
- DKC Europe s.r.l.
- DTM Elektroteknik A.S.
- Dynamic Electrical Sdn Bhd
- E+I Engineering (Powerbar)
- EAE Elektrik
- Energypac Power generation Ltd.
- Entraco BKS
- Furutec Electrical Sdn Bhd
- Gersan Elektrik A.S.
- Godrej Industries Ltd.
- IBAR EMEA Ltd.
- KYODO KY-TEC Corp
- Larsen & Toubro Limited
- LINKK Busway Systems (M) Sdn Bhd
- LS Cable & System Ltd.
- MEGABARRE EUROPE SRL
- NATUS GmbH & Co. KG
- NAXSO S.r.l.
- NISSIN ELECTRIC Co.,Ltd.
- Pogliano BusBar s.r.l.
- Power Plug Busduct Sdn. Bhd.
- RTC-ELECTRO-M Ltd.
- Schneider Electric
- SIEMENS AG
- Stardrive Busducts Ltd.
- TAIAN-ECOBAR TECHNOLOGY
- Vass Electrical Systems
Use of Busbar Trunking Systems for Engine Emission Control
A busbar trunking system keeps the gas in the tank and prevent it from evaporating, as gasoline has a tendency to evaporate at fairly low temperatures. It is estimated that, around 20% of vehicular emission is the result of evaporation. Thus, the federal government has imposed regulations in order to prevent the evaporation of gas in the atmosphere.
Steel busbar trunking systems are thus expected gain traction in the market, as manufacturers are adopting advanced piston rings for vehicle engines to meet government standards such as the Euro 6 environmental standard that aims to reduce vehicle emission, in particular, NOx (Nitrogen Oxide) and particulate matter. These factors are expected to fuel the growth of the busbar trunking systems market.
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Demand Evolution from Several End-use Industries
Automotive, construction, electronic, machining, oil & gas, and chemical processing industries, among others, represent potential growth opportunities for the manufacturers of BBT systems. Emerging economies such ASEAN, Brazil, China, and India are driving construction and industrialization, globally, which, in turn, is expected accelerate the growth of the busbar trunking systems market.
Busbar trunking systems find application in multiple end-use industries, especially the textile industry and power plants, as these systems are compact in size and provide a single run for multiple circuits. Moreover, these systems require shorter installation time as compared to cables, and have minimum operating costs. These factors are expected to propel the demand for BBT systems in end-use industries such as oil & gas, commercial sector, and high rise buildings.
The construction industry is expected to boom more in certain countries/regions, such as ASEAN and India, as compared to developed economies. This can be mainly attributed to increasing urbanization and stable economic conditions in these regions.
Rising urbanization, leading to new infrastructure and commercial activities, is further expected to boost the demand for smart power distribution systems. Increase in the demand for smart power distribution systems will further give traction to the growth of the busbar trunking systems market.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Key Developments in the Busbar Trunking Systems Market
The global busbar trunking systems market is fairly consolidated, with key manufacturers accounting for a substantial market share, as of 2017. In the recent past, the busbar trunking systems market has witnessed compelling advancements from key players such as Siemens, ABB, Eaton, Schneider Electric, and LS Cables & Systems, among others.
- India-based company C&S Electric Ltd acquired Netherlands-based company Etacom NV. With this acquisition, C&S offers a wide range of busbar products across the globe. Moreover, this acquisition increases the presence of the company in the European region.
- Similarly, ABB completed the acquisition of GE Industrial Solutions. This development is expected to enhance the company's electrification business segment, thereby contributing towards the revenue generated by ABB in the power distribution business, which, in turn, is anticipated to strengthen the company’s position in the electrification market.
Furthermore, key manufacturers in the global busbar trunking systems market are significantly focusing on mergers and acquisitions in order to increase their presence in the global busbar trunking systems market. These key developments are expected to boost the growth of the busbar trunking systems market over the forecast period.
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Busbar Trunking Systems Market: Competitive Landscape
The busbar trunking systems market is significantly consolidated, as tier-1 players or international players hold prominent shares in the global busbar trunking systems market. Tier-2 and tier-3 players account for significant shares in their local or regional busbar trunking systems markets.
Organized players are trying to establish their footprints in developing regions. However, unorganized/tier-2 and 3 players in the busbar trunking systems market are focusing on launching new and differentiated products.
Overview of Research Methodology
During the course of research, we have conducted deep-dive analysis to develop a unique research methodology.
- Defining key objectives pertaining to the busbar trunking systems market during the course of research.
- Clearly defining the research scope, as well as collecting and analyzing the data from secondary and primary research.
- Interpreting the gathered Information.
- Using the triangulation method, and validating the data and market size.
Key Questions Answered in the Busbar Trunking Systems Market Report
- What is the historic (2013-2017) scenario of the busbar trunking systems market?
- Which type of material is preferred in the manufacture of busbar trunking systems?
- What are the main factors that drive the growth of the busbar trunking systems market?
- What are the prominent trends in the busbar trunking systems market?
- What are some of the key forecast factors expected to affect the growth of the busbar trunking systems market?
- How competitive is the aftermarket and market share analysis of the top players in the busbar trunking systems market?
- How are the key players expected to drive the busbar trunking systems market in the next 8 to 10 years?
Key Players Operating in the Busbar Trunking Systems Market
Some of the key market participants reported in this study on the busbar trunking systems market are ABB, ALFA Technologies Pvt Ltd, Anord Mardix Inc., C&S Electric, DAVIS, DBTS Industries Sdn Bhd, DKC Europe s.r.l., DTM Elektroteknik A.S., Dynamic Electrical Sdn Bhd, E+I Engineering (Powerbar), EAE Elektrik, Eaton, Effibar, Elecsis Ltd., Energypac Power generation Ltd., Entraco BKS, Furutec Electrical Sdn Bhd, Gersan Elektrik A.S., Godrej Industries Ltd., Graziadio, IBAR EMEA Ltd., KYODO KY-TEC Corp, Larsen & Toubro Limited, Lectobar, Legrand, LINKK Busway Systems (M) Sdn Bhd, LS Cable & System Ltd., MEGABARRE EUROPE SRL, NATUS GmbH & Co. KG, NAXSO S.r.l., NISSIN ELECTRIC Co., Ltd., Pogliano BusBar s.r.l., Power Plug Busduct Sdn. Bhd., RTC-ELECTRO-M Ltd., Schneider Electric, SIEMENS AG, Stardrive Busducts Ltd., TAIAN-ECOBAR TECHNOLOGY, Vass Electrical Systems, and WEG, among others.