Market Research Logo

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

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

“The busbar protection market is projected to grow at a CAGR of 6.10%, from 2018 to 2023.”
The busbar protection market is projected to grow from an estimated USD 3.20 billion in 2018 to USD 4.31 billion by 2023, at a CAGR of 6.10%, from 2018 to 2023. The growth of the market is mainly attributed to the increasing investment in transmission & distribution network in countries such as China, India, and the US in the extra high voltage segment. Asia Pacific and North America are expected to be the largest markets for busbar protection during the forecast period. Modernization of existing transmission & distribution network in developed countries of Europe and North America, along with operational benefits of low impedance busbar protection system such as dynamic bus replica, protection, external-monitoring self-monitoring, and remote access of busbar, is expected to create the demand for the busbar protection market during the forecast period. Delays in grid expansion projects due to government regulations and environmental clearances is the main restrain for the busbar protection market.

“Extra high-voltage segment is expected to hold the largest share of the busbar protection market, by type, during the forecast period.”
Extra high voltage is the largest segment of the busbar protection market, by voltage type, in terms of value. Extra high-voltage power transmission infrastructure transmits the power generated by offshore wind and solar plants. The increasing installation of offshore wind farms and solar farms is creating an opportunity for busbar protection systems in the extra high-voltage segment.

“Asia Pacific: The fastest market for busbar protections.”
Asia Pacific is projected to be the fastest growing market during the forecast period. This high growth rate can be attributed to increased investments in infrastructure development, T&D spending, growing focus on renewable sources of power generation, and infrastructural activities in the recent past. China has the highest installed generation & distribution capacity, resulting in an increased demand for transformers, which in turn, is likely to augment the demand for busbar protection systems. Moreover, the focus of the governments to increase the power generation capacity by using conventional as well as renewable energy sources has further supported the growth of the market.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1-44%, Tier 2-30%, Tier 3-26%
By Designation: C-Level-46%, D-Level-27%, Others-27%
By Region: North America-34%, Europe-20%, Asia Pacific-27%, South America-8%, Middle East & Africa-11%,

Note: The tier of the companies has been defined on the basis of their total revenue as of 2016: Tier 1 = >USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 = <USD 1 billion
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).

Research Coverage:
The report provides a complete view of the busbar protection market across the various industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as voltage, impedance, end-user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
The market has been segmented on the basis of voltage, impedance, end-user, and region. The market ranking analysis of the top players and company profiles comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the busbar protection market.

The report provides insights on the following pointers:

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the busbar protection market

Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for busbar protection across regions.

Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global busbar protection market.

Why Buy this Report?
1. The report identifies and addresses key markets for the deployment of busbar protection in various industries, which would help manufacturers review the growth in demand.
2. The report helps solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET COVERED
      • REGIONAL SCOPE
      • YEARS CONSIDERED FOR THE STUDY
      • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTION
      • ASSUMPTION OF THE RESEARCH STUDY
  • EXECUTIVE SUMMARY
    • Table BUSBAR PROTECTION MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE BUSBAR PROTECTION MARKET
    • BUSBAR PROTECTION MARKET, BY END-USER
    • BUSBAR PROTECTION MARKET, BY VOLTAGE
    • BUSBAR PROTECTION MARKET, BY IMPEDANCE
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table T&D INFRASTRUCTURE EXPANSION PLANS
      • RESTRAINTS
      • OPPORTUNITIES
        • Table KEY SMART GRID INVESTMENT INITIATIVES
      • CHALLENGES
  • BUSBAR PROTECTION MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
    • MEDIUM VOLTAGE
      • Table MEDIUM VOLTAGE: BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • HIGH VOLTAGE
      • Table HIGH VOLTAGE: BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • EXTRA HIGH VOLTAGE
      • Table EXTRA HIGH VOLTAGE: BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • BUSBAR PROTECTION MARKET, BY IMPEDANCE
    • INTRODUCTION
      • Table BUSBAR PROTECTION MARKET SIZE, BY IMPEDANCE, 2016-2023 (USD MILLION)
    • HIGH IMPEDANCE
      • Table HIGH IMPEDANCE: BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • LOW IMPEDANCE
      • Table LOW IMPEDANCE: BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • BUSBAR PROTECTION MARKET, BY END-USER
    • INTRODUCTION
      • Table BUSBAR PROTECTION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
    • UTILITIES
      • Table UTILITIES: BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • INDUSTRIES
      • Table INDUSTRIES: BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TRANSPORTATION
      • Table TRANSPORTATION: BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • BUSBAR PROTECTION MARKET, BY REGION
    • INTRODUCTION
      • Table BUSBAR PROTECTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table BUSBAR PROTECTION MARKET, TOP FIVE COUNTRIES LARGEST MARKET, 2016-2023 (USD MILLION)
      • Table BUSBAR PROTECTION MARKET, TOP FIVE FASTEST GROWING MARKETS, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • BY VOLTAGE
        • Table NORTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY IMPEDANCE
        • Table NORTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY IMPEDANCE, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table US: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table CANADA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table MEXICO: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • BY VOLTAGE
        • Table ASIA PACIFIC: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY IMPEDANCE
        • Table ASIA PACIFIC: BUSBAR PROTECTION MARKET SIZE, BY IMPEDANCE, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table ASIA PACIFIC: BUSBAR PROTECTION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: BUSBAR PROTECTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table CHINA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table INDIA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table JAPAN: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table AUSTRALIA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table SOUTH KOREA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table INDONESIA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
    • EUROPE
      • BY VOLTAGE
        • Table EUROPE: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY IMPEDANCE
        • Table EUROPE: BUSBAR PROTECTION MARKET SIZE, BY IMPEDANCE, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table EUROPE: BUSBAR PROTECTION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: BUSBAR PROTECTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table GERMANY: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table UK: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table FRANCE: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table ITALY: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table NORWAY: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table RUSSIA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
    • SOUTH AMERICA
      • BY VOLTAGE
        • Table SOUTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY IMPEDANCE
        • Table SOUTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY IMPEDANCE, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table SOUTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table BRAZIL: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table ARGENTINA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table REST OF SOUTH AMERICA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY VOLTAGE
        • Table MIDDLE EAST & AFRICA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY IMPEDANCE
        • Table MIDDLE EAST & AFRICA: BUSBAR PROTECTION MARKET SIZE, BY IMPEDANCE, 2016-2023 (USD MILLION)
      • BY END-USER
        • Table MIDDLE EAST & AFRICA: BUSBAR PROTECTION MARKET SIZE, BY END-USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: BUSBAR PROTECTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table SAUDI ARABIA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table UAE: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table SOUTH AFRICA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table NIGERIA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table EGYPT: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
        • Table REST OF THE MIDDLE EAST & AFRICA: BUSBAR PROTECTION MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
  • COMPETITVE LANDSCAPE
    • INTRODUCTION
    • RANKING OF PLAYERS & MARKET STRUCTURE
    • COMPETITIVE SCENARIO
      • Table ABB-THE MOST ACTIVE PLAYER IN THE MARKET BETWEEN 2015 AND FEBRUARY 2018
      • CONTRACTS & AGREEMENTS
        • Table CONTRACTS & AGREEMENTS, 2015-MARCH 2018
      • INVESTMENTS AND EXPANSIONS
        • Table INVESTMENTS AND EXPANSIONS, 2015-MARCH 2018
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2015-MARCH 2018
      • OTHERS
        • Table OTHERS, 2015-MARCH 2018
  • COMPANY PROFILES
    • BENCHMARKING
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MITSUBISHI ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ANDRITZ
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BASLER ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
    • EATON
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ERLPHASE POWER TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • NR ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SEL
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TOSHIBA
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ZIV
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMISATION
    • RELEATED REPORT
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report