The global busway market accounted for US$ 5.66 Bn in 2015 and is expected to grow at a CAGR of 6.66% during the forecast period 2016 – 2025, to account for US$ 10.81 Bn in 2025.
Adoptions of Busway is expected to accelerate at a high growth rate in the coming few years due to, growing number of power grid and development in renewable energy plants in almost all over the globe. Its various advantage over cable wiring is attracting end-user from different sectors such as industrial, data centers, transportation and residential sector, and therefore influencing the market revenues and growth rates globally.
This market intelligence report on Busway market evaluates and presents a worldwide market scenario along with market estimates, insights and projections for a timeframe of 2019 to 2025. This examination the market dynamics that are foreseen to influence the market growth in a coming couple of years.
Also, the report clarifies the effect of the key factors like drivers and restraints for market development. Future trends and opportunities in the global Busway market have also been mentioned in the study.
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A comprehensive view of the Busway market is covered with competitive landscape and analysis of PEST analysis for the market. PEST analysis provides information on a political, economic, social and technological perspective of the macro-environment from Busway market perspective that helps market players understand the factor which can affect business's activities and performance.
The study encompasses a market potential analysis, all the major segments are detailed with their market size, growth rate, and potential opportunities.
Companies Profiled in this report includes
- Schneider Electric SE
- Siemens AG
- General Electric Company
- Eaton Corp. PLC
- LS Cable & System Ltd.
- Power Plug Busduct Sdn Bhd
- ABB Ltd.
- Powell Industries, Inc.
- Honeywell International Inc.
- Universal Electric Corporation
- C&S Electric Limited
- Furukawa Electric Co., Ltd.
- DAQO GROUP
- Asian Power Systems (I) Pvt. Ltd.
Leading Busway market players are profiled in the report with key facts, product portfolio, business performance, and strategic initiates. The challenges faced by them and the reasons they are in that position is explained to help make a well-informed decision.
Competitive landscape of the Busway market is given presenting detailed insights into the company profiles including developments such as merges &acquisitions, collaborations, joint ventures, new production, expansions, and SWOT analysis.
Our research content is primarily focused on the quantification of market developments in terms of market sizing and forecasting. Studding company activities help design the competitive landscape, and forecast market numbers at regional and level.
We provide a detailed break-up of segmentation in terms of geography, applications, types.; which helps our clients to get a deeper analysis of various research topics
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The report segments the global busway market are as follows:
Busway Market – By Type
- Air Splicing Busway (BMC)
- Intensive Insulation Plug Busway (CMC)
- High Strength Enclosed Busway (CFW)
Busway Market – By Application
- Commercial Building
- Residential Building
- Industrial Infrastructure
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