Researchers profile top players in the Busbar Trunking System’s Market, Report By Market Study Report
Lighting busbar trunking system market will witness strong growth prospects owing to its ease of installation and longevity over traditional cable tray systems. High flexibility along with the ability to suffice a wide range of residential and commercial businesses has led to a mass influx in the product demand. Global busbar trunking system market will exceed USD 9 billion by 2024, according to this new research report.
Growing demand for reliable and cost-efficient distribution networks coupled with mounting investments toward rapid urbanization and industrialization across developing economies will drive the global busbar trunking system market. Ongoing electricity generation from power plants along with rapid deployment of the renewable energy will positively impact the business growth. High degree of fire safety along with low space requirements will further boost the product penetration.
Market Study Report Add New Global Busbar Trunking System Market by Manufacturers, Countries, Type and Application, forecast to 2024 to its research database presenting a deep study of the market growth factors and drivers. The report spread across 230 pages with table and figures in it.
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Scope of the Report:
U.S. busbar trunking system market will reach over USD 1 billion by 2024. Replacement and refurbishment of outmoded cable networks to meet the needs of a low-carbon, digital economy has significantly favored the product adoption. In 2015, the Department of Energy (DOE) estimated an investment of over USD 2 Trillion for grid modernization in the U.S. for the next twenty years.
Rapid expansion of micro grid networks for decentralized electricity generation will proliferate the busbar trunking system market growth. Stringent government regulations to curb energy losses across residential, commercial and industrial establishments will further complement the business outlook.
Rising demand for distribution networks with capability of optimizing electricity supplies and reduce the overall electric losses will foster the busbar trunking system market growth. Rapid technological advancements along with inclination towards the integration of power cables into a single unit will further complement the business outlook.
Saudi Arabia busbar trunking system market in 2016 was valued over USD 200 million. Rapid infrastructure development along with positive outlook toward industrial sector has led to a robust industry growth. According to International Trade Administration, Saudi Arabia in 2016, has introduced investment plans of USD 14.7 Billion to develop transmission of electricity and over USD 13.7 Billion for distribution of electric power over the next decade.
Market Segment by Manufacturers, this report covers:
Legrand, General Electric, ABB, Schneider Electric, Siemens, Eaton, Larsen & Toubro, ARJ Group, Megabarre, DBTS, C&S Electric, Godrej & Boyce, Naxso, Effibar and MK Electric.
Busbar Trunking Systems Market, By Insulation
Busbar Trunking Systems Market, By Power Rating
Lighting, Low, Medium, High
Busbar Trunking Systems Market, By Conductor
Busbar Trunking Systems Market, By Application
Industrial, Power, Oil & Gas, Process, Transportation, Manufacturing
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Feature Table of Content
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
2.1. Bitumen emulsifier industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
Chapter 3. Busbar Trunking System Industry Insights
Chapter 4. Busbar Trunking System Market, By Insulation
4.1. Busbar trunking system market share by insulation, 2016 & 2024
4.2.1. Market estimates and forecast, 2013 – 2024
4.3.1. Market estimates and forecast, 2013 – 2024
Chapter 5. Busbar Trunking System Market, By Power rating
5.1. Busbar trunking system market share by power rating, 2016 & 2024
5.2.1. Market estimates and forecast, 2013 – 2024
5.3.1. Market estimates and forecast, 2013 – 2024 …………………
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