Global Busbar Trunking System Market is Estimated at USD 6,465.4 Million in 2015

Date: 2015-10-08

Busbar Trunking System is a prefabricated electrical distribution system consisting of busbars in a protective enclosure, including straight lengths, elbows, fittings, devices, and accessories. They are majorly used in industrial and commercial establishments to have an energy efficient, compact, and cluster free power distribution network. 

This report estimates the busbar trunking system market in terms of value in USD million. The global busbar trunking system market is estimated at USD 6,465.4 million in 2015 and is projected to reach USD 9,174 million by 2020, at a CAGR of 7.25% from 2015 to 2020. The market has been classified on the basis of power rating, conductor, insulation, end-user, and region, which has been further divided on the basis of countries. Moreover, there is an in-depth analysis for top six countries based on end-users. 

The study has profiled leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key players include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), Schneider Electric SE (France), Siemens AG (Germany), General Electric (U.S.), and Legrand (France).
Asia-Pacific leads the busbar trunking system market with share of approximately 38.5% in 2015, which is expected to grow with a CAGR of 7.9% during the forecast period. This growth is attributed to the increasing government mandates to conserve electricity via energy efficiency norms and growth in construction sector.  

Based on end-user application of busbar trunking systems, the entire market has been broadly classified into industrial, commercial, large residential, renewable power generation, public infrastructure, and transportation sectors. Industries are second most growing application for busbar trunking systems after renewable power generation as there is growth in process industries such as paper & pulp, chemical, cement, and metal processing industries. Large residential and commercial establishments have a considerable combined share in the market. 

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