Global Busbar Market 2016-2020

Global Busbar Market 2016-2020

About Busbar

A busbar is a metallic strip or bar capable of conducting electricity. It is an essential component of the electrical power grid that enables the grid to conduct electricity while reducing power loss simultaneously. The materials used for busbar construction and its dimensional specifications determine the maximum current it can safely conduct. Low power rating busbars are used in electrical systems of small-scale buildings or residential construction and warehouses. Medium power rated busbars are employed in electrical substations, while high power rated busbars are used in the smelting industry.

Technavio’s analysts forecast the global busbar market to grow at a CAGR of 5.44% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global busbar market for 2016-2020. To calculate the market size, the report considers the demand for busbars from different end-users.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Busbar Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Eaton
  • Legrand
  • Schneider Electric
  • Siemens
Other prominent vendors
  • Chint Electrics
  • Mersen
  • Power Products
  • Rittal
  • TE Connectivity
Market driver
  • Demand from transportation industry
  • For a full, detailed list, view our report
Market challenge
  • Low demand from steel smelting industry
  • For a full, detailed list, view our report
Market trend
  • Rising solar power capacity
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Busbar Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Busbar Market: ABB, Eaton, Legrand, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Chint Electrics, Mersen, Power Products, Rittal, and TE Connectivity.

Commenting on the report, an analyst from Technavio’s team said: “The use of solar energy to generate electricity and to heat water is a well-established technology. Busbars play an important role in conducting electricity between the cells of a solar panel. It separates the solar cells, and conducts the current collected by cells to solar inverters that convert DC power to AC power. The size of the busbar determines the maximum current that can be safely conducted. Therefore, a growing market for solar energy will expand market demand for busbars.”

According to the report, solid aluminum busbars connect batteries to electrical components inside a vehicle. Thus, busbars form an essential component in vehicular operations. We observe that growth in the global busbar market is closely tied to the fortunes of the transportation sector worldwide.

Further, the report states that steel has a wide range of applications in heavy industries such as construction, mining, automobile, and marine. As busbars are used in the steel smelting industry, decline in steel production affects market demand for busbars.

Companies Mentioned

ABB, Eaton, Legrand, Schneider Electric, Siemens, Chint Electrics, Mersen, Power Products, Rittal, TE Connectivity.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global busbar market
    • Market size and forecast
      • Table Global busbar market 2015-2020($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by power rating
    • Global busbar market segmentation by power rating
      • Table Market segmentation by power rating
    • Global low power rating busbar market
      • Table Global low power rating busbar market 2015-2020 ($ billions)
      • Table US: New privately-owned housing units completed during 2010-2015 (thousands)
      • Table Residential construction market in China 2015-2020 ($ billions)
    • Global medium power rating busbar market
      • Table Global medium power rating busbar market 2015-2020 ($ billions)
      • Table Global data center market 2014-2019 ($ billions)
    • Global high power rating busbar market
      • Table Global high power rating busbar market 2015-2020 ($ billions)
      • Table Global offshore wind capacity 2015-2020 (GW)
  • Geographical segmentation
    • Market segmentation by geography
      • Table Market segmentation by geography 2015 and 2020
    • Busbar market in APAC
      • Table Busbar market in APAC 2015-2020 ($ billions)
      • Table Production units of vehicles in Asia-Oceania 2013-2014
      • Table Commercial vehicle sales in APAC 2013-2015
    • Busbar market in the Americas
      • Table Busbar market in the Americas 2015-2020 ($ billions)
      • Table Data center construction market in the US ($ billions)
    • Busbar market in EMEA
      • Table Busbar market in EMEA 2015-2020 ($ billions)
      • Table Vehicle production units in Germany 2009-2014
  • Market drivers
    • Demand from aluminum smelting industry
      • Table Global primary aluminum production and smelting power consumption 2010-2014 (MMT and TWh)
      • Table Aluminum production region-wise 2015
    • Expansion of power infrastructure
      • Table Global transformer market 2015-2020 ($ billions)
      • Table Global electric transmission network 2014-2020 (million Ckm)
    • Demand from transportation industry
      • Table World vehicle (cars and commercial vehicles) production 2014-2015 (millions of units)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Fluctuation in prices of raw materials
      • Table Aluminum prices ($ per ton) and percentage change in price 2014-2015
      • Table Percentage of aluminum price 2014-2015
      • Table Steel prices 2015 ($ per metric tons)
      • Table Copper, grade A cathode prices 2015 ($ thousand metric tons)
    • Competition from low-cost vendors
    • Low demand from steel smelting industry
      • Table Top steel producing countries 2014-2015 (million tons)
      • Table World steel capacity utilization ratio 2014-2015 (%)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Electric vehicle market to boost demand for busbars
      • Table Global EV car registrations 2014
      • Table World HEV sales 2010-2014 (millions of units)
    • Growth in HVDC transmission market
      • Table Global HVDC transmission market 2015-2020 ($ billions)
    • Rising solar power capacity
      • Table Cumulative installed global PV capacity 2010-2014 (GW)
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors in global busbar market
      • Table Other prominent busbar vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Busbar product portfolio
    • Eaton
      • Table Eaton: Busbar product portfolio
    • Legrand
    • Schneider Electric
    • Siemens
  • Appendix
    • List of abbreviations
  • Explore Technavio

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