Busbar Trunking System Market Outlook, Industry Trends & Growth Analysis 2025
Date: 2019-02-08   Author: Rahul Sankrityayan  Category: #news

Busbar Trunking System Market Outlook, Industry Trends & Growth Analysis 2025

Busbar Trunking System Market growth is fueled by increasing demand for cost efficient and reliable distribution network along with positive outlook toward rapid industrialization and urbanization across developing nations. Increasing investment toward electricity production from power plant coupled with rapid adoption of renewable technologies will foster the industry landscape. Ability to offer compact design and high fire safety degree features will further propel the business outlook.

Refurbishment and replacement of existing cables to fulfil the requirements of low carbon will propel the U.S. busbar trunking system market share. The U.S. department of energy announced to invest more than USD 2 trillion, in 2015 for modernization of grid infrastructure in next two decades.

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Ongoing expansion of microgrid networks for distributed power generation will positively impact the busbar trunking system market. Strict government policies & regulations to reduce energy losses across industrial, commercial and residential sectors will further propel the industry growth.

Longevity and ease of installations over existing cable tray systems will foster the lighting busbar trunking system market share. Ability to cater a wide range of commercial and residential businesses along with high flexibility will further enhance the product penetration across the world.

Technological advancement in distribution networks to reduce overall electric losses and optimize electricity supplies will propel the busbar trunking system market share. Growing demand for integration of power cables into single system will further complement the industry growth.

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Saudi Arabia busbar trunking system market was valued over 200 million in 2016. Positive outlook towards industrial sector coupled with increasing investment toward infrastructure development will propel the business growth. In 2016, as per International Trade Administration, the country has introduced the investment plan of worth USD 13.7 billion to develop distribution of electricity and more than USD 14.7 million for transmission of electric power over the next ten years.

Superior aesthetic value low susceptibility to electromagnetic fields and low fire load are some of the features which will stimulate the aluminium busbar trunking system market share. The system ability to offers improve conductivity per mass ratio that reduces the overall project cost will further complement the industry growth.

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Utility busbar trunking system market will witness growth owing to growing demand for expansion of distribution networks along with rapid installation of power generation plants. Increase in load capacity is factor responsible for distribution network expansion. Direct link between the transformer switchboard and power socket, enhanced planning reliability, transparent network layout are some the key underlined benefits which make its adoption preferable over conventional cable tray systems.

Key participants in busbar trunking system market are ABB, Eaton, Megabarre, Godrej & Boyce, MK Electric, Legrand, Schneider Electric, Larsen & Toubro, DBTS, Naxso, General Electric, Siemens, ARJ Group, C&S Electric and Effibar.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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