Busway Market to 2025 Introduction
Busway also known as Bus duct and bus bar Trucking System is a sheet metal duct containing either copper or aluminum bus bars for the purpose of conducting a substantial current of electricity. It is an alternative of conducting electricity to power cables or cable bus. Busway enable the stakeholders particularly, end-user from residential, commercial and industrial sector to enhance power carrying efficiency, reduce costs related to installation, reduction in down time, improved end-user experience, and with less complexity in maintenance. Busway applications in different sector are replacing the tradition wire cable use with advanced technology. APAC and Middle East, being emerging economy witnessed highest growth rate in near future. Global busway market is expected to grow from US $ 15.66 billion in 2015 to US $ 10.81 billion by 2025 at a CAGR of 6.66 % between 2016 and 2025.
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