Busway Market Outlook to 2025- Study includes Top Key Players Schneider Electric, Siemens AG, GE, Eaton, LS Cables, PPB Group, ABB LTD., Powell Industries, Honeywell International, Universal Electric Corp

Busway market is expected to grow from US$ US$ 6050.8 Mn in 2016 to US$ 10811.7 Mn by 2025 at a CAGR of 6.66% between 2016 and 2025.

An off-the-shelf report on Busway Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2025.

Cloud deployment model expected to continue its dominance. Currently, approx. 70% of the global busway market is captured by industrial, renewable energy, transportation market. Rise in industrialization especially in emerging countries such as India and China are driving the market. Automation also plays an important role in industrialization sector as manufacturing units need more power supply for automated plants.

Major Companies profiled in this report include:

1. Schneider Electric SE
2. Siemens AG
3. General Electric Company
4. Eaton Corp. PLC
5. LS Cable & System Ltd.
6. Power Plug Busduct Sdn Bhd;
7. ABB Ltd.
8. Powell Industries, Inc.
9. Honeywell International Inc.
10. Universal Electric Corporation and among others.

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The Busway Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Key trend which will predominantly effect the busway market in coming year is growing busway application in retrofitting of transmission and distribution channel of power supply. A trend that will likely take the busway market further is the overall utility sector transformation. This includes retrofit market or upgradation of old infrastructure and grid modernization. Upgrading aging infrastructure is expected to be one of the leading market segment in near future. Since most of the developed nations have power grid constructed about 40 to 50 years old and therefore most of them need upgradation. In 2016, IOUs spent about $44 billion for upgradation of the electric transmission and distribution system and modernizing the grid with new technologies. 

Busway market by application is segmented as into air splicing busway (BMC), intensive insulation plug busway (CMC), high strength enclosed busway (CFW) and others. The growing high rise building in urban areas of developing economies are some of the trends contributing to the growing busway market. Almost all the end-user application segment are switching to busway from cables to meet their high efficiency and less complex power supply need.

The overall busway market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the busway market.

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Reason to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global
  busway Market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the busway Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Posted by Sameer Joshi on Friday December 28 2018, 1:57 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0