The European busbar market is poised for substantial growth between 2021 and 2028. According to an analysis by Data Bridge Market Research, this market is expanding at a compound annual growth rate (CAGR) of 5.2% during this period, with an anticipated value of USD 4,318.51 million by 2028. This growth can be attributed to the increasing emphasis on energy efficiency and the cost and operational advantages offered by busbars over traditional cables, which serve as key drivers for the market's expansion.
Data Bridge Market Research has unveiled a new report called "Europe Busbar Market" which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. The "Europe Busbar Market" marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.
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Market Definition:
The busbar market report offers comprehensive insights into market share, recent advancements, and the analysis of product pipelines. It also assesses the influence of domestic and regional market participants, explores potential revenue growth areas, evaluates shifts in market regulations, examines product approvals, strategic choices, product debuts, geographic expansions, and technological breakthroughs within the industry. If you wish to gain a deeper understanding of this analysis and the current busbar market landscape, please get in touch with Data Bridge Market Research for an Analyst Brief. Our dedicated team is ready to collaborate with you in developing a customized revenue-driven solution to help you achieve your objectives.
The major companies which are dealing in Europe busbar market are:
- ABB
- General Electric
- Schneider Electric
- Legrand SA
- Siemens AG
- Eaton
- Amphenol Corporation
- Chint Group
- Emerson Electric Co.
- Mersen Property
- Methode Electronics
- Rittal Gmbh Co. Kg
- Rogers Corporation
Europe Busbar Market Scope and Market Size:
Europe Busbar market is segmented based on the conductor, weight-wise, shape-wise, insulation, length, busbar type, power rating, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of conductor, Europe busbar market is segmented into aluminum and copper. The copper segment is sub-segmented into transformers, rectifiers, generators, and others. In 2021, the copper segment is expected to dominate the market due to its property of strong ductility, tensile strength, thermal conductivity, and thermal expansion.
- On the basis of weight-wise, Europe busbar market is segmented into less than 1 kg and more than 1 kg. In 2021, the more than 1kg segment is expected to dominate the market due to wide usages of more than 1 kg in industrial usage for automotive and other verticals that overall enhances the demand for the busbar.
- On the basis of shape-wise, Europe busbar market is segmented into rectangle and chamfer. In 2021, the rectangle segment is expected to dominate the market as it is used in power system connection that enhances the overall demand due to the growth scenario for smart grid.
- On the basis of insulation, Europe busbar market is segmented into epoxy power coating, teonix, tedler, mylar, nomex, kapton, and others. In 2021, the epoxy powder coating segment is expected to dominate the market owing to its property of an efficient and cost-effective method that costs less than the plastic per linear foot/meter and has a higher operating temperature.
- On the basis of length, Europe busbar market is segmented into less than 1 m, 1m to 2m, 2 m to 3m, and more than 3m. In 2021, 1m to 2m segment is expected to dominate the market owing to its wide usages in the electrical insulation of the power grid for providing energy-efficient as these are the standard size that fits in all the electrical components.
- On the basis of busbar type, Europe busbar market is segmented into single conductor busbars, multiple conductor busbars, flexible busbars, and laminated busbars. In 2021, the laminated segment is expected to dominate the market as they are designed specifically for low and high power applications increasing the capacitance and eliminating the wiring errors help to boost the overall growth.
- On the basis of power rating, Europe busbar market is segmented into low power, medium power (125 A-800 A), and high power (above 800 A). The low power segment is sub-segmented into 40 To 60 Amp, 60 Amp to 100 Amp, 100 Amp to 125 Amp, and Less Than 40 Amp. The medium power segment is sub-segmented into 125 Amp to 200 Amp, 200 Amp to 400 Amp, and 400 Amp to 800 Amp. The high power segment is sub-segmented into 800 Amp to 1,000 Amp and 1,000 Amp to 1200 Amp. In 2021, the low power segment is expected to dominate the market as it is widely used in manufacturing environments, assembly lines, and workstations.
- On the basis of end-user, the European busbar market is segmented into industrial, commercial, and residential.
- The industrial segment is sub-segmented into utilities, manufacturing, telecom, aerospace and defense, chemicals petroleum, metals and mining, and others. The commercial segment is sub-segmented into offices, hospitals, malls and supermarkets, data centers, warehouses, and others. In 2021, the industrial segment market is expected to dominate the market due to its ability to produce independent power producers (IPPs) around the world that develops and operates power plants to generate electricity that meets consumer and fulfilling industrial demand.
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Europe Busbar Market Country Level Analysis:
The busbar market is analyzed and market size information is provided by the conductor, weight-wise, shape-wise, insulation, length, busbar type, power rating, and end-user as referenced above.
The countries covered in the busbar market report are the conductor, weight-wise, shape-wise, insulation, length, busbar type, power rating, and end-user. China dominates the market due to the rising demand for electricity across residential, commercial, and industrial sectors in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Requirement of Busbar for Efficient Conductivity and Energy Losses during Transmission is Boosting the Market Growth of Europe Busbar Market.
Europe Busbar market also provides you with a detailed market analysis for every country's growth in the particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2010 to 2019.
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Data Bridge Market Research:
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