Busbar Protection Market

Busbar Protection Market by Voltage (Medium Voltage, High Voltage, and Extra High Voltage), Impedance (Low Impedance and High Impedance), End-User (Utilities, Industries, and Transportation), and Region - Global Forecast to 2023

Report Code: EP 6171 Apr, 2018, by marketsandmarkets.com

[137 Pages Report] The global busbar protection market was valued at USD 3.04 Billion in 2017; it is projected to reach USD 4.31 Billion by 2023, growing at a CAGR of 6.10%. Increasing investment to modernize the transmission & distribution infrastructure and increasing emphasis on renewable energy sources globally are the main drivers for the busbar protection market. Development of digital protection relay (modern relay) is also fueling the growth of the busbar protection market.

This report segments the busbar protection market on the basis of voltage, impedance, end-user, and region. The years considered for the study are as follows:

  • Base Year: 2017
  • Estimated Year: 2018
  • Projected Year: 2023
  • Forecast Period: 2018–2023

The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global busbar protection market on the basis of voltage, impedance, end-user, and region
  • To provide a detailed information regarding the major factors influencing the growth of the busbar protection market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the busbar protection market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To forecast the market size of segments with respect to five major regions (along with countries), namely, North America, Europe, Asia Pacific, South America, the Middle East & Africa
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the busbar protection market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the busbar protection market. Primary sources are mainly industry experts from the core and related industries, suppliers, manufacturers, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points below explain the research methodology.

  • Study of the annual revenues and market developments of the major players that provide busbar protection market solutions
  • Assessment of future trends and growth of the busbar protection market based on voltage, impedance, and end-user.
  • Assessment of the busbar protection market with respect to the technology used for different end-users and regions
  • Study of contracts & developments related to the busbar protection market by key players across different regions
  • Finalization of the overall market sizes by triangulating the supply-side data, which includes product launches, and annual revenues of companies supplying busbar protections across the world

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study, based on company type, designation, and region.

Busbar Protection Market

To know about the assumptions considered for the study, download the pdf brochure

The key players in the busbar protection market include ABB (Switzerland), Schneider Electric (France), GE (US), Siemens (Germany), Mitsubishi Electric (Japan), NR Electric (China), Toshiba (Japan), Eaton (Ireland), and ZIV (Spain).

Target Audience:

The report’s target audience includes:

  • Distribution utilities
  • Government and industry associations
  • Power generation companies
  • Protective relays manufacturing companies
  • State and national regulatory authorities
  • Substation EPC contractors
  • Transmission utilities

Scope of the report:

By Voltage

  • Medium Voltage
  • High Voltage
  • Extra High Voltage

By Impedance

  • Low Impedance
  • High Impedance

By End-User

  • Utilities
  • Industries (Oil & Gas, Metal & Mining, and Cement and Chemicals)
  • Transportations (Railways and Metros)

By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region/country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

The global busbar protection market is expected to grow at a CAGR of 6.10%, from 2018 to 2023, to reach a market size of USD 4.31 Billion by 2023 from USD 3.20 Billion in 2018. The increasing investment to modernize the transmission & distribution infrastructure is the main driver for the growth of the busbar protection market. The development of digital protection relay (modern relay) is also fuelling the growth of the busbar protection market. Delays in grid expansion projects due to government regulations and environmental clearances is the main restraint for the busbar protection market.

The report segments the busbar protection market, on the basis of voltage, into medium, high, and extra high voltage. The extra high-voltage segment accounted for the largest market share in 2017, driven by the demand from Asia Pacific, Europe, the Americas, and Africa. The increasing installation of offshore wind farms and solar farms is creating an opportunity for busbar protection systems in the extra high-voltage segment.

The global busbar protection market, by end-user, has been segmented into utilities, industries, and transportations, with the transportations segment growing at a faster pace. Growth in demand for reliable power supply led to increased investments in transmission and distribution infrastructure, which further results in growing demand for the busbar protection during the forecast period.

The global busbar protection market, by impedance, has been segmented into low and high, with the low-impedance segment growing at a faster pace. Modern microprocessor-based low-impedance busbar protection relays utilize sophisticated algorithms to detect faults in the bus bar schemes. The low-impedance busbar protection system can be configured as de-centralized busbar protection system and centralized busbar protection system. The increasing investment in the smart grid and smart substation is expected to create the demand for microprocessor-based low-impedance busbar protection systems.

In this report, the busbar protection market has been analyzed with respect to five regions, namely, Europe, North America, Asia Pacific, South America and the Middle East & Africa. The Asia Pacific market led the busbar protection market, with the largest market share, by value, in 2017, and the trend is projected to continue till 2023. The Asia Pacific is the fastest growing market for busbar protection during the forecast period. The growth of the Asia Pacific busbar protection market can be attributed to the increasing investment in grid expansion projects from countries such as China, Japan, and India. Huge investments in renewable energy and replacement of aging transmission & distribution infrastructure are some of the major factors responsible for the growth of the busbar protection market.

The figure given below shows the projected market sizes of various regions with respective CAGRs for 2023.

Busbar Protection Market

The major factor restraining the growth of the busbar protection market is delays in grid expansion projects.

Some of the leading players in the busbar protection market, based on their recent developments and other strategic industrial activities, are ABB (Switzerland), Schneider Electric (France), GE (US), Siemens (Germany), Mitsubishi Electric (Japan), NR Electric (China), Toshiba (Japan), Eaton (Ireland), and ZIV (Spain).

These players have adopted growth strategies such as contracts & agreements, partnerships, collaborations, alliances, and joint ventures, mergers & acquisitions, and investments & expansions to capture a larger share of the busbar protection market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
           1.3.4 Currency
    1.4 Stakeholders

2 Research Methodology (Page No. - 16)
    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
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption
           2.4.1 Assumption of the Research Study

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Busbar Protection Market
    4.2 Busbar Protection Market, By End-User
    4.3 Busbar Protection Market, By Voltage
    4.4 Busbar Protection Market, By Impedance

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Investments in Transmission and Distribution Infrastructure
                    5.2.1.2 Operational Benefits of Busbar Protection Relays
           5.2.2 Restraints
                    5.2.2.1 Delays in Grid Expansion Projects
           5.2.3 Opportunities
                    5.2.3.1 Adoption of HVDC Technology
                    5.2.3.2 Increased Investments in Smart Grids and Energy Systems
           5.2.4 Challenges
                    5.2.4.1 Cost Constraints for MV Substations

6 Busbar Protection Market, By Voltage (Page No. - 39)
    6.1 Introduction
    6.2 Medium Voltage
    6.3 High Voltage
    6.4 Extra High Voltage

7 Busbar Protection Market, By Impedance (Page No. - 44)
    7.1 Introduction
    7.2 High Impedance
    7.3 Low Impedance

8 Busbar Protection Market, By End-User (Page No. - 48)
    8.1 Introduction
    8.2 Utilities
    8.3 Industries
    8.4 Transportation

9 Busbar Protection Market, By Region (Page No. - 52)
    9.1 Introduction
    9.2 North America
           9.2.1 By Voltage
           9.2.2 By Impedance
           9.2.3 By End-User
           9.2.4 By Country
                    9.2.4.1 US
                    9.2.4.2 Canada
                    9.2.4.3 Mexico
    9.3 Asia Pacific
           9.3.1 By Voltage
           9.3.2 By Impedance
           9.3.3 By End-User
           9.3.4 By Country
                    9.3.4.1 China
                    9.3.4.2 India
                    9.3.4.3 Japan
                    9.3.4.4 Australia
                    9.3.4.5 South Korea
                    9.3.4.6 Indonesia
                    9.3.4.7 Rest of Asia Pacific
    9.4 Europe
           9.4.1 By Voltage
           9.4.2 By Impedance
           9.4.3 By End-User
           9.4.4 By Country
                    9.4.4.1 Germany
                    9.4.4.2 UK
                    9.4.4.3 France
                    9.4.4.4 Italy
                    9.4.4.5 Norway
                    9.4.4.6 Russia
                    9.4.4.7 Rest of Europe
    9.5 South America
           9.5.1 By Voltage
           9.5.2 By Impedance
           9.5.3 By End-User
           9.5.4 By Country
                    9.5.4.1 Brazil
                    9.5.4.2 Argentina
                    9.5.4.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 By Voltage
           9.6.2 By Impedance
           9.6.3 By End-User
           9.6.4 By Country
                    9.6.4.1 Saudi Arabia
                    9.6.4.2 UAE
                    9.6.4.3 South Africa
                    9.6.4.4 Nigeria
                    9.6.4.5 Egypt
                    9.6.4.6 Rest of the Middle East & Africa

10 Competitve Landscape (Page No. - 86)
     10.1 Introduction
     10.2 Ranking of Players & Market Structure
     10.3 Competitive Scenario
             10.3.1 Contracts & Agreements
             10.3.2 Investments and Expansions
             10.3.3 Mergers & Acquisitions
             10.3.4 Others

11 Company Profiles (Page No. - 92)
(Business Overview, Products Offered, Recent Developments, MnM View)*
     11.1 Benchmarking
     11.2 ABB
     11.3 GE
     11.4 Schneider Electric
     11.5 Siemens
     11.6 Mitsubishi Electric
     11.7 Andritz
     11.8 Basler Electric
     11.9 Eaton
     11.10 Erlphase Power Technologies
     11.11 NR Electric
     11.12 SEL
     11.13 Toshiba
     11.14 ZIV

*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 127)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customisation
     12.6 Releated Report
     12.7 Author Details


List of Tables (68 Tables)

Table 1 Busbar Protection Market Snapshot
Table 2 T&D Infrastructure Expansion Plans
Table 3 Key Smart Grid Investment Initiatives
Table 4 Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 5 Medium Voltage: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 6 High Voltage: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 7 Extra High Voltage: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 8 Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 9 High Impedance: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 10 Low Impedance: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 11 Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 12 Utilities: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 13 Industries: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 14 Transportation: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 15 Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 16 Busbar Protection Market, Top Five Countries Largest Market, 2016–2023 (USD Million)
Table 17 Busbar Protection Market, Top Five Fastest Growing Markets, 2016–2023 (USD Million)
Table 18 North America: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 19 North America: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 20 North America: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 21 North America: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 22 US: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 23 Canada: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 24 Mexico: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 25 Asia Pacific: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 26 Asia Pacific: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 27 Asia Pacific: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 28 Asia Pacific: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 29 China: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 30 India: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 31 Japan: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 32 Australia: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 33 South Korea: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 34 Indonesia: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 35 Rest of Asia Pacific: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 36 Europe: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 37 Europe: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 38 Europe: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 39 Europe: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 40 Germany: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 41 UK: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 42 France: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 43 Italy: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 44 Norway: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 45 Russia: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 46 Rest of Europe: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 47 South America: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 48 South America: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 49 South America: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 50 South America: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 51 Brazil: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 52 Argentina: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 53 Rest of South America: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 54 Middle East & Africa: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 55 Middle East & Africa: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 56 Middle East & Africa: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 58 Saudi Arabia: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 59 UAE: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 60 South Africa: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 61 Nigeria: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 62 Egypt: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 63 Rest of the Middle East & Africa: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 64 Abb—The Most Active Player in the Market Between 2015 and February 2018
Table 65 Contracts & Agreements, 2015–March 2018
Table 66 Investments and Expansions, 2015–March 2018
Table 67 Mergers & Acquisitions, 2015–March 2018
Table 68 Others, 2015–March 2018


List of Figures (32 Figures)

Figure 1 Busbar Protection Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Priamries: By Compnay Type, Designation, and Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodolgy
Figure 7 Busbar Protection Market, By Region, 2018–2023 (USD Million)
Figure 8 Busbar Protection Market Size, By End-User, 2018–2023 (USD Billion)
Figure 9 Busbar Protection Market Share, By Voltage, 2017 (USD Million)
Figure 10 Busbar Protection Market Size, By Impedance, 2017–2023 (USD Million)
Figure 11 Opportunities in the Extra High Voltage Segment of the Busbar Protection Market, 2018–2023
Figure 12 Utilities Segment is Leading the Busbar Protection Market
Figure 13 Extra High Voltage Dominated the Asia Pacific Busbar Protection Market in 2017
Figure 14 Low Impedacne Led the Busbar Protection Market in 2017
Figure 15 Busbar Protection Market: Market Dynamics
Figure 16 Busbar Protection Market Share, By Voltage, 2018–2023 (USD Million)
Figure 17 Busbar Protection Market Share, By Impedance, 2017
Figure 18 Busbar Protection Market Share, By End-User, 2017
Figure 19 Busbar Protection Market, By Region, 2017
Figure 20 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America: Market Snapshot
Figure 22 Asia Pacific: Market Snapshot
Figure 23 Key Developments in Busbar Protection Market, 2015-March 2018
Figure 24 ABB Led the Busbar Protection Market in 2017
Figure 25 ABB: Company Snapshot
Figure 26 GE: Company Snapshot
Figure 27 Schneider Electric: Company Snapshot
Figure 28 Siemens: Company Snapshot
Figure 29 Mitsubishi Electric: Company Snapshot
Figure 30 Andritz: Company Snapshot
Figure 31 Eaton: Company Snapshot
Figure 32 Toshiba: Company Snapshot


Request for detailed methodology, assumptions & how numbers were triangulated.

Our USP is "Customised multi client reports"-so feel free to provide us specific interest in much greater detail..!!
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Report Code
EP 6171
Published ON
Apr, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Busbar Protection Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved