HOME Top Market Reports Busbar Trunking Market by Power (Lighting, Low, Medium, & High), by Conductor (Copper & Aluminum), by Insulation, by End-User (Industrial, Commercial, Residential, Wind & Solar, Public Infrastructure and Transportation) - Global Trends & Forecast to 2020

Busbar Trunking Market by Power (Lighting, Low, Medium, & High), by Conductor (Copper & Aluminum), by Insulation, by End-User (Industrial, Commercial, Residential, Wind & Solar, Public Infrastructure and Transportation) - Global Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: EP 3763

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Busbar trunking system is a prefabricated electrical distribution system consisting of busbars in a protective enclosure, including straight lengths, elbows, fittings, devices, and accessories that act as a common voltage point for all electrical equipment connected to it. It is widely used in datacenters, and automated process industries, manufacturing industries where ever large number of high capacity electrical equipment is required. Its application is also found in large residential and commercial establishments, airports and renewable power generation stations.

Busbar trunking system is a modern technology that replaces cumbersome cable tray system. The prefabricated and compact design of the busbar trunking system reduces on-site installation time when compared to hard wired systems. It increases flexibility in design and versatility for future modifications. It is safe in operations especially in case of fires, easy to maintain, detect faults, and repair.

The drivers of the busbar trunking system market are influenced by the trends in the process industries, manufacturing industries, commercial and large residential sectors that have space constraints and tend to follow energy efficient practices to conserve electricity. The global busbar trunking system market is estimated to reach $9,174 Million by 2020 from $6,465.4 Million in 2015.

This market study covers busbar trunking systems of various power ratings, applications, and end-users for arriving at the global market size from 2013 to 2020. In terms of power rating, the busbar trunking system market is segmented into four divisions: lighting range, low power range, medium power range, and high power range.
On the basis of conductors the market is classified as copper and aluminium. The copper busbars are more energy efficient and compact and hence preferred in large commercial and industrial applications. The market is also classified into air and sandwich on the basis of insulation. Based on the end-use, the market is segmented into six sectors viz. renewable power generation, industrial, commercial, large residential, public infrastructure and transportation.

In terms of region, the market is classified into North America, South America, Europe, Asia-Pacific, the Middle East and Africa. These regions are further segmented on the basis of major countries. Asia-Pacific held the largest market share owing to growth in industrialization and urbanization, followed by North America and Europe. In addition to the market for countries in each region, in-depth analysis for end-use application has been provided for top six countries.

Busbar Trunking Market

For this report, the major players in the market have been identified through secondary and primary research, based on which, their market shares have been evaluated. This includes a study of the annual report of top market players and interviews with key opinion leaders such as CEOs, Directors, and Market experts. The key players of this industry by developments and market share are General Electric (U.S.), ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Schneider Electric SE (France), Siemens AG (Germany), and Legrand (France).

The report caters to

  • Busbar trunking system manufacturers, dealers, and suppliers
  • Industrial, commercial, and large residential construction companies
  • Renewable power generation and power cable manufacturing companies

The report also offers the following paid customizations:

  • Detailed analysis and profiling of additional market players (Up to 5).
  • Further segmentation and analysis of busbar trunking systems based on power rating and end users
  • Regional analysis of the market for country specific information

Related reports include:

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Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Global Busbar Trunking System Market
    4.2 Global Busbar Trunking System Market – End-User Segment
    4.3 Asia-Pacific Busbar Trunking System Market Size in 2015
    4.4 Global Busbar Trunking System, By Region
    4.5 Global Busbar Trunking System, By Power Rating
    4.6 Busbar Trunking System Market: Asia-Pacific Countries vs Other Top Countries
    4.7 Global Busbar Trunking System, By Conductor
    4.8 Life Cycle Analysis

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Advantages of Busbar Trunking System Over Cable Tray System
    5.3 Market Segmentation
           5.3.1 Busbar Trunking System Market: By Power Rating
           5.3.2 Busbar Trunking System Market: By Conductor
           5.3.3 Busbar Trunking System Market: By Insulation
           5.3.4 Busbar Trunking System Market: By End-User
           5.3.5 Busbar Trunking System Market:By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Space Constraints in Multi-Storey Buildings
                    5.4.1.2 Increased Adoptability of Energy Efficiency Practices
                    5.4.1.3 Increased Government Mandates to Save Electricity
                    5.4.1.4 Multiple Operational, and Technical Advantages to Attract End-Users
           5.4.2 Restraints
                    5.4.2.1 Busbar Trunking System is Not Economical for Small and Medium Enterprises
                    5.4.2.2 Fluctuation in Raw Material Prices
           5.4.3 Opportunities
                    5.4.3.1 Increased Integration of Wind Energy in Global Power Generation Mix
                    5.4.3.2 Smart Cities & Green Constructions
           5.4.4 Challenges
                    5.4.4.1 High Capital Cost
    5.5 Supply Chain Analysis
    5.6 Porter’s Five Forces Analysis
           5.6.1 Threat of New Entrants
           5.6.2 Threat of Substitutes
           5.6.3 Bargaining Power of Suppliers
           5.6.4 Bargaining Power of Buyers
           5.6.5 Intensity of Competitive Rivalry

6 Busbar Trunking System Market, By Power Rating (Page No. - 57)
    6.1 Introduction
    6.2 Lighting Range
    6.3 Low Power Range
    6.4 Medium Power Range
    6.5 High Power Range

7 Busbar Trunking System Market, By Conductor (Page No. - 62)
    7.1 Introduction
    7.2 Copper
    7.3 Aluminium

8 Busbar Trunking System Market, By Insulation (Page No. - 65)
    8.1 Introduction
    8.2 Air Insulation
    8.3 Sandwich Insulation

9 Busbar Trunking System Market, By End-User (Page No. - 68)
    9.1 Introduction
    9.2 Industrial
           9.2.1 Manufacturing Industry
           9.2.2 Process Industry
    9.3 Commercial
    9.4 Renewable Power Generation
    9.5 Large Residential
    9.6 Public Infrastructure
    9.7 Transportation

10 Busbar Trunking System, By Region (Page No. - 78)
     10.1 Introduction
     10.2 North America
     10.3 South America
     10.4 Europe
     10.5 Asia-Pacific
     10.6 Middle East
     10.7 Africa
     10.8 Top Six Countries
             10.8.1 U.S.
             10.8.2 China
             10.8.3 Japan
             10.8.4 India
             10.8.5 Brazil
             10.8.6 Germany

11 Competitive Landscape (Page No. - 102)
     11.1 Overview
     11.2 Competitive Situation & Trends
             11.2.1 Contracts & Agreements
             11.2.2 New Product/Service/Technology Development
             11.2.3 Mergers & Acquisitions
             11.2.4 Expansion
             11.2.5 Other Developments

12 Company Profiles (Page No. - 109)
     12.1 Introduction
     12.2 ABB Ltd.
             12.2.1 Business Overview
             12.2.2 Products & Services
             12.2.3 Recent Developments
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 Siemens AG
             12.3.1 Business Overview
             12.3.2 Products & Services
             12.3.3 SWOT Analysis
             12.3.4 Recent Developments
             12.3.5 MnM View
     12.4 Schneider Electric Co.
             12.4.1 Business Overview
             12.4.2 Products & Services
             12.4.3 Recent Developments
             12.4.4 SWOT Analysis
             12.4.5 MnM View
     12.5 Legrand
             12.5.1 Business Overview
             12.5.2 Products & Services
             12.5.3 SWOT Analysis
             12.5.4 Recent Developments
             12.5.5 MnM View
     12.6 Eaton Co.
             12.6.1 Business Overview
             12.6.2 Products & Services
             12.6.3 Recent Developments
             12.6.4 SWOT Analysis
             12.6.5 MnM View
     12.7 GE Industrial
             12.7.1 Business Overview
             12.7.2 Products & Services
             12.7.3 SWOT Analysis
             12.7.4 Recent Developments
             12.7.5 MnM View
     12.8 ARJ Group
             12.8.1 Business Overview
             12.8.2 Products & Services
             12.8.3 Recent Developments
     12.9 Busbar Services
             12.9.1 Business Overview
             12.9.2 Products & Services
             12.9.3 Recent Developments
     12.10 C&S Electric Ltd.
             12.10.1 Business Overview
             12.10.2 Products & Services
             12.10.3 Recent Developments
     12.11 DBTS Industries SDN. BHD.
             12.11.1 Business Overview
             12.11.2 Products & Services
             12.11.3 Recent Developments
     12.12 Delta Bridge
             12.12.1 Business Overview
             12.12.2 Products & Services
             12.12.3 Recent Developments
     12.13 E.A.E Elektrik A.S.
             12.13.1 Business Overview
             12.13.2 Products and Services
             12.13.3 Recent Developments
     12.14 Entraco Power
             12.14.1 Business Overview
             12.14.2 Products & Services
             12.14.3 Recent Developments
     12.15 Gersan Elektrik as
             12.15.1 Business Overview
             12.15.2 Products and Services
             12.15.3 Recent Developments
     12.16 Godrej Industries
             12.16.1 Business Overview
             12.16.2 Products & Services
             12.16.3 Recent Developments
     12.17 Graziadio & C. S.P.A.
             12.17.1 Business Overview
             12.17.2 Products and Services
             12.17.3 Recent Developments
     12.18 IBAR (EMEA) Ltd.
             12.18.1 Business Overview
             12.18.2 Products & Services
             12.18.3 Recent Developments
     12.19 KGS Engineering Ltd.
             12.19.1 Business Overview
             12.19.2 Products & Services
             12.19.3 Recent Developments
     12.20 Larson & Toubro Ltd.
             12.20.1 Business Overview
             12.20.2 Products & Services
             12.20.3 Recent Developments
     12.21 Megabarre Group
             12.21.1 Business Overview
             12.21.2 Products & Services
             12.21.3 Recent Developments
     12.22 Naxso S.R.L
             12.22.1 Business Overview
             12.22.2 Products & Services
             12.22.3 Recent Developments
     12.23 Nova Ltd.
             12.23.1 Business Overview
             12.23.2 Products & Services
             12.23.3 Recent Developments
     12.24 Pogliano S.R.L
             12.24.1 Business Overview
             12.24.2 Products & Services
             12.24.3 Recent Developments
     12.25 Power Plug Busduct SDN. BHD.
             12.25.1 Business Overview
             12.25.2 Products & Services
             12.25.3 Recent Developments
     12.26 Powerbar System
             12.26.1 Business Overview
             12.26.2 Products & Services
             12.26.3 Recent Developments
     12.27 Rittal GmbH & Co.
             12.27.1 Business Overview
             12.27.2 Products & Services
             12.27.3 Recent Developments
     12.28 Smiths Power (Power Distribution, Inc.)
             12.28.1 Business Overview
             12.28.2 Products & Services
             12.28.3 Recent Developments
     12.29 Multi-B SDN. BHD.
             12.29.1 Business Overview
             12.29.2 Products & Services
             12.29.3 Recent Developments
     12.30 VASS Electrical Industries
             12.30.1 Business Overview
             12.30.2 Products & Services
             12.30.3 Recent Developments
     12.31 Vmtech
             12.31.1 Business Overview
             12.31.2 Products & Services
             12.31.3 Recent Developments

13 Appendix (Page No. - 158)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Recent Developments
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (79 Tables)

Table 1 Advantages of Busbar Trunking Systems Over Cable Tray Systems
Table 2 Increased Market Penetration Due to Advantages and Mandates to Meet Energy Efficiency Norms
Table 3 Busbar Trunking Stsems are Not Economical for the Low Budget Projects, Restraining the Growth of the Market
Table 4 Upcoming Smart Cities and Green Constructions is an Opportunity for the Busbar Trunking System Market
Table 5 High Capital Cost Could Be A Major Challenge for Busbar Trunking System Market
Table 6 Busbar Trunking System Market Size, By Power Rating, 2013–2020 (USD Million)
Table 7 Lighting Range Busbar Trunking System Market Size, By End-User, 2013–2020 (USD Million)
Table 8 Low Power Busbar Trunking System Market Size, By End-User, 2013–2020 (USD Million)
Table 9 Medium Power Busbar Trunking System Market Size, By End-User, 2013–2020 (USD Million)
Table 10 High Power Busbar Trunking System Market Size, By End-User, 2013–2020 (USD Million)
Table 11 Busbar Trunking System Market Size , By Conductor, 2013–2020 (USD Million)
Table 12 Copper Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 13 Aluminium Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 14 Busbar Trunking System Market Size, By Insulation, 2013–2020 (USD Million)
Table 15 Air Insulated Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 16 Sandwich Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 17 Busbar Trunking System Market Size, By End-User, 2013–2020 (USD Million)
Table 18 Industrial: Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 19 Industrial: Busbar Trunking System Market Size, By Power Rating, 2013–2020 (USD Million)
Table 20 Industrial: Busbar Trunking System Market Size, By Type, 2013–2020 (USD Million)
Table 21 Manufacturing Industry: Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 22 Process Industry: Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 23 Commercial: Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 24 Commercial: Busbar Trunking System Market Size, By Power Rating, 2013–2020 (USD Million)
Table 25 Renewable Power Generation: Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 26 Renewable Power Generation: Busbar Trunking System Market Size, By Power Rating, 2013–2020 (USD Million)
Table 27 Large Residential: Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 28 Large Residential: Busbar Trunking System Market Size, By Power Rating, 2013–2020 (USD Million)
Table 29 Public Infrastructure: Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 30 Public Infrastructure: Busbar Trunking System Market Size, By Power Rating, 2013–2020 (USD Million)
Table 31 Transportation: Busbar Trunking System Market Size, By Region, 2013–2020 (USD Million)
Table 32 Transportation: Busbar Trunking System Market Size, By Power Rating, 2013–2020 (USD Million)
Table 33 Busbar Trunking System Market Size , By Region, 2013–2020 (USD Million)
Table 34 North America: Busbar Trunking System Market Size , By Country, 2013–2020 (USD Million)
Table 35 North America: Busbar Trunking System Market Size , By Conductor, 2013–2020 (USD Million)
Table 36 North America: Busbar Trunking System Market Size , By Insulation Type, 2013–2020 (USD Million)
Table 37 North America: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 38 North America: Industrial Busbar Trunking System Market Size, By Type, 2013–2020 (USD Million)
Table 39 South America: Busbar Trunking System Market Size , By Country, 2013–2020 (USD Million)
Table 40 South America: Busbar Trunking System Market Size , By Conductor, 2013–2020 (USD Million)
Table 41 South America: Busbar Trunking System Market Size , By Insulation Type, 2013–2020 (USD Million)
Table 42 South America: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 43 South America: Industrial Busbar Trunking System Market Size, By Type, 2013–2020 (USD Million)
Table 44 Europe: Busbar Trunking System Market Size , By Country, 2013–2020 (USD Million)
Table 45 Europe: Busbar Trunking System Market Size , By Conductor, 2013–2020 (USD Million)
Table 46 Europe: Busbar Trunking System Market Size , By Insulation Type, 2013–2020 (USD Million)
Table 47 Europe: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 48 Europe: Industrial Busbar Trunking System Market Size, By Type, 2013–2020 (USD Million)
Table 49 Asia-Pacific: Busbar Trunking System Market Size , By Country, 2013–2020 (USD Million)
Table 50 Asia-Pacific: Busbar Trunking System Market Size , By Conductor, 2013–2020 (USD Million)
Table 51 Asia-Pacific: Busbar Trunking System Market Size , By Insulation Type, 2013–2020 (USD Million)
Table 52 Asia-Pacific: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 53 Asia-Pacific: Industrial Busbar Trunking System Market Size, By Type, 2013–2020 (USD Million)
Table 54 Middle East: Busbar Trunking System Market Size , By Country, 2013–2020 (USD Million)
Table 55 Middle East: Busbar Trunking System Market Size , By Conductor, 2013–2020 (USD Million)
Table 56 Middle East: Busbar Trunking System Market Size , By Insulation Type, 2013–2020 (USD Million)
Table 57 Middle East: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 58 Middle East: Industrial Busbar Trunking System Market Size, By Type, 2013–2020 (USD Million)
Table 59 Africa: Busbar Trunking System Market Size , By Country, 2013–2020 (USD Million)
Table 60 Africa: Busbar Trunking System Market Size , By Conductor, 2013–2020 (USD Million)
Table 61 Africa: Busbar Trunking System Market Size , By Insulation Type, 2013–2020 (USD Million)
Table 62 Africa: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 63 Africa: Industrial Busbar Trunking System Market Size, By Type, 2013–2020 (USD Million)
Table 64 Top Six Countries: Busbar Trunking System Market Size , By Country, 2013–2020 (USD Million)
Table 65 U.S.: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 66 China: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 67 Japan: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 68 India: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 69 Brazil: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 70 Germany: Busbar Trunking System Market Size , By End-User, 2013–2020 (USD Million)
Table 71 Contract & Agreement, 2012-2015
Table 72 New Product Development, 2012-2015
Table 73 Mergers & Acquisitions, 2012-2015
Table 74 Expansions, 2012-2015
Table 75 Other Developments, 2012-2015
Table 76 Expansion, 2012-2015
Table 77 Contracts & Agreements, 2012-2015
Table 78 New Product Launches
Table 79 New Product Launches, 2012-2014


List of Figures (76 Figures)

Figure 1 Busbar Trunking System Market: Research Design
Figure 2 Busbar Trunking System Market: Research Methodology
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down  Approach
Figure 6 Data Triangulation
Figure 7 High Power Range is Estimated to Capture the Largest Market Share
Figure 8 Copper Busbar Trunking System is More Preferred Than Aluminium Ones
Figure 9 Sandwich Insulation is More Preferred Than Air Insulated Busbar Trunking System
Figure 10 Renewable Power Generation is Estimated to Hold the Largest Market Share in the End-User Segment By the End of 2015
Figure 11 Asia-Pacific Region is Estimated to Hold the Largest Market Share in 2015
Figure 12 Attractive Opportunities in the Global Busbar Trunking System Market
Figure 13 Renewable Power Generation Application’ Market Size is Estimated to Grow at the Fastest Pace
Figure 14 Industrial Segment to Capture the Lion’s Share
Figure 15 The U.S. Commands Over One-Fifth of the Market Share
Figure 16 High Power Busbar Trunking System is the Most Preferred Power Rating Across All the End-User Segments
Figure 17 Top 6 Countries: Asia-Pacific Countries are Estimated to Grow Faster Than Other Leading Countries
Figure 18 Copper Busbar Trunking System is More Preferred Than Aluminum Across All Regions
Figure 19 Asia-Pacific Region is Expected to Witness Exponential Growth During the Forecast Period
Figure 20 Busbar Trunking System: Market Segmentation
Figure 21 Busbar Trunking System: By Power Rating
Figure 22 Busbar Trunking System: By Conductor
Figure 23 Busbar Trunking System: By Insulation
Figure 24 Busbar Trunking System: By End-User
Figure 25 Busbar Trunking System: By Region
Figure 26 Increasing Energy Saving Norms to Propel the Growth of Busbar Trunking Systems
Figure 27 Supply Chain Analysis: Major Value is Added During the Manufacturing Stage
Figure 28 Porter’s Five Forces Analysis –  Intensity of Competitive Rivalry is High
Figure 29 High Power Rating is the Fastest Growing Segment in the Busbar Trunking System Market
Figure 30 Copper Busbars are More Preferred Than Aluminium
Figure 31 Sandwich Insulation is More Preferred Than Air Insulation
Figure 32 Renewable Power Generation is the Fastest Growing End-User Market Segment
Figure 33 Regional Snapshot (2015) – Countries of Asia-Pacific, Middle East & Africa Emerging as New Hotspots
Figure 34 North America: Regional Snapshot
Figure 35 Asia-Pacific: Regional Snapshot
Figure 36 Market Share of Top Six Countries in 2015
Figure 37 Companies Adopted Contracts & Agreements and New Product/Service/Technology Development to Capture the Market
Figure 38 Market Leaders Based on Recent Developments, 2012-2015
Figure 39 Market Evaluation Framework: New Product Launches, Contracts & Agreements, Mergers & Acquisitions Have Fuelled the Growth of Companies During  2012-2015
Figure 40 Geographic Revenue Mix of Top Five Players
Figure 41 ABB Ltd.: Business Overview
Figure 42 SWOT Analysis: ABB Ltd.
Figure 43 Siemens AG: Company Snapshot
Figure 44 SWOT Analysis: Siemens AG
Figure 45 Schneider Electric Co.: Company Snapshot
Figure 46 SWOT Analysis: Schneider Electric
Figure 47 Legrand: Company Snapshot
Figure 48 SWOT Analysis: Legrand
Figure 49 Eaton Co.: Company Snapshot
Figure 50 SWOT Analysis: Eaton Co.
Figure 51 GE: Company Snapshot
Figure 52 SWOT Analysis: GE Industrial
Figure 53 ARJ Group: Company Snapshot
Figure 54 Busbar Services: Company Snapshot
Figure 55 C&S Electric Ltd.: Company Snapshot
Figure 56 DBTS: Company Snapshot
Figure 57 Delta Bridge: Company Snapshot
Figure 58 E.A.E. Elektrik: Company Snapshot
Figure 59 Entraco Power: Company Snapshot
Figure 60 Gersan: Company Snapshot
Figure 61 Godrej Industries: Company Snapshot
Figure 62 Graziadio: Company Snapshot
Figure 63 IBAR: Company Snapshot
Figure 64 KGS: Company Snapshot
Figure 65 L&T: Company Snapshot
Figure 66 Megabarre: Company Snapshot
Figure 67 Naxso: Company Snapshot
Figure 68 Nova: Company Snapshot
Figure 69 Pogliano: Company Snapshot
Figure 70 Power Plug: Company Snapshot
Figure 71 Powerbar: Company Snapshot
Figure 72 Rittal: Company Snapshot
Figure 73 Smiths: Company Snapshot
Figure 74 Translite: Company Snapshot
Figure 75 VASS: Company Snapshot
Figure 76 Vmtech: Company Snapshot

Busbar Trunking System is a prefabricated electrical distribution system consisting of busbars in a protective enclosure, including straight lengths, elbows, fittings, devices, and accessories. The drivers of the busbar trunking system market are influenced by the trends in the energy efficient equipment market, smart cities and green constructions. Growth in the related as well as complementary markets, such as growth in solar and wind based power generation also contribute towards the growth of busbar trunking systems.

The global busbar trunking system market is projected to witness a high growth on the account of increasing large residential and construction activities, and up-gradation of electrical power distribution infrastructure in commercial and industrial sector. The market was valued at $3,210 Million globally in 2014 and is projected to grow at a CAGR of 7.25% from 2015 to 2020.

The Asia-Pacific region holds a majority of market share owing to urbanization and significant development in process industries such as paper & pulp, cement, metal processing industries, and growth in manufacturing industries, followed by North America and Europe. In terms of individual countries, the U.S. and China show high growth potential. This growth can be attributed to the increasing demand for reliable power distribution equipment and huge investments made for developing the infrastructure these countries.

Amongst the end-users, renewable power generation sector is estimated to hold the major market share owing to increasing installation of wind and solar power plants in both developed and developing countries. North American region is currently focussing on grid modernization and replacement of existing power infrastructure. Few countries in Europe are shifting towards renewable sources for power generation that has boosted the busbar trunking system market in the region. Busbar trunking system finds vast application in industrial and commercial sectors as well.

Busbar Trunking Market

In terms of growth strategies, market players have been focussing on winning large number of contracts & agreements to increase their market size and strengthen their market foothold in the regional market. Geographic and product line expansions are the second most commonly adopted strategy of the key market players in the industry. This shows a mix of both organic and inorganic growth strategies.

Leading players in the industry, based on their recent developments and other strategic industrial activities, include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Legrand (France).

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