Busbar Market Scope, Research, Growth Prediction and
Forecast Report Till 2021
The report "Busbar Market by Conductor (Copper, Aluminum), Power Rating (Low, Medium,
High Power), End-User (Utilities, Commercial, Industrial, Residential, Industrial (Chemicals
& Petroleum, Metals & Mining, Manufacturing)), and Region - Global Trends & Forecast to
2021", The busbar market is expected to grow from an estimated USD 12.68 Billion in 2016 to
USD 16.55 Billion by 2021, registering a CAGR of 5.48% from 2016 to 2021. The global market is
witnessing significant growth because of energy consumption due to urbanization &
industrialization, increasing focus on energy efficiency, and cost & operational benefits of busbar
over cables.
Browse 75 market data tables and 51 figures spread through 142 pages and in-depth TOC
on “Busbar Market by Conductor (Copper, Aluminum), Power Rating (Low, Medium, High
Power), End-User (Utilities, Commercial, Industrial, Residential, Industrial (Chemicals &
Petroleum, Metals & Mining, Manufacturing)), and Region - Global Trends & Forecast to
2021”
https://www.marketsandmarkets.com/Market-Reports/busbar-market-181939364.html
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Utilities segment is expected to hold the largest share of the busbar market, by end-use
industry, during the forecast period
The utilities industry led the overall busbar market in 2015. Busbar are vital components in power
generation plants, as well as in transmission and distribution substations, where they find
application in distribution boards, switchgears, motor controls, and transformers among others.
Busbar are used as reliable replacement of cables due to high efficiency, low space requirements,
and ease of installation.
Low power busbar are expected to hold the largest market share, by power rating, during
the forecast period
The low power busbar segment is expected to hold the largest market of the global busbar
market during the forecast period. The demand for low power busbar is suitable for supplying
power to light fixtures for commercial and industrial segments. They can be installed both in false
ceilings and in technical floors. They are widely used in distribution panels and switchboards