The global Bus Duct market was valued at US$ 9320 million in 2020 and it is expected to reach US$ 16140 million by the end of 2027, growing at a CAGR of 8.1% during 2021-2027.
In electric power distribution, a bus duct (also called busway), is a sheet metal duct containing either copper or aluminium busbars for the purpose of conducting a substantial current of electricity. Bus duct, is an electrical power supply distribution system that seamlessly distributes power from one end of the building to another. A key advantage of busway is its flexibility and adaptability to a wide range of requirements. It is widely used in industrial buildings, commercial building, civil building etc.
The main manufacturers of Global Bus Duct include Schneider Electric, Siemens, ABB, Eaton, etc. These top four manufacturers hold a market share about 30%. Europe is the main production region in the world. In terms of application, the product is mainly used in commercial building, followed by industrial building.
Global Bus Duct Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Bus Duct Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Schneider Electric, Siemens, ABB, Eaton, LS Cable, Legrand, DBTS Ind, Godrej & Boyce, Furukawa Electric, Powell, Honeywell, Dynamic Electrical, PPB, Kyodo Ky-Tec Corp., Amppelec, Huapeng Group, Wetown, Dasheng Microgrid, Woer, Bye, Guangle Electric, Baosheng, Hanhe Cable, Swcc Showa Holdings and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-bus-duct-market-research-report
Segment by Type
- BMC (Air Splicing Bus Duct)
- CMC (Intensive Insulation Plug Bus Duct)
- CFW (Higher Strength Enclosed Bus Duct)
Segment by Application
- Industrial Building
- Commercial Building
- Civil Building
- Other Application
Table of Content:
1 Bus Duct Market Overview
2 Bus Duct Market Competition by Manufacturers
3 Bus Duct Retrospective Market Scenario by Region
4 Global Bus Duct Historic Market Analysis by Type
5 Global Bus Duct Historic Market Analysis by Application
6 Key Companies Profiled
7 Bus Duct Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Bus Duct Market Dynamics
10 Global Bus Duct Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.