North America Busbar Trunking System Market Size, Share, Competitive Landscape and Regional Outlook 2025
Category: #energy-and-environment  By Ronak Bora  Date: 2021-06-02
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North America Busbar Trunking System Market Size, Share, Competitive Landscape and Regional Outlook 2025

The North America busbar trunking system market size for these systems in the region will have surpassed $600 million By 2025. The transformation of the electric grid infrastructure of North American countries, coupled with the emphasis on the deployment of energy efficient systems to save on energy costs has been instrumental in boosting the adoption of busbar trunking systems in the region. The higher focus of the market players toward offering solutions that can reduce power loss at the same time transmit high power has been a key stimulant of the demand for three-phase busbar trunking.

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The North America busbar trunking system industry forecast has been receiving substantial impetus from the following six factors:

Aluminum conductors to see rising deployment

In terms of conductor, the North America busbar trunking system market share has been differentiated into aluminum and copper. The aluminum segment has been slated to register high growth rate through the forecast years. The expansion of the segment can be accredited to the fact that aluminum is well-suited for numerous industrial applications, thanks to its light weight.

This is a significant growth driver since companies can significantly save on transportation costs, pushing the demand for electrical busbar systems. The industrial segment in the North America busbar trunking system market outlook is expected to represent a major portion of the total revenue through 2025, in terms of application.

Air-insulated systems to witness escalating use

The North America busbar trunking system market outlook has been bifurcated into air-insulated and sandwich insulation. The air-insulated busbar systems are being increasingly leveraged by end-users. This is on account of the ability of this type of insulation to hold out against high voltage currents in case there are short circuit events.

Additionally, the government has been investing in the development of commercial and industrial facilities, which has been pushing the demand for air-insulated systems in North America. The growing emphasis on the widespread adoption of frequency distribution links amongst manufacturing and processing units is accelerating the growth of the segment.

Market to gain from sandwich insulation

The market for busbar trunking systems in North America has been gaining considerable revenue from the sandwich insulation segment. Sandwich insulation is capable of withstanding both high short circuit currents. It can also handle lower voltage drops in industrial applications. These units are being developed to feature enhanced fire-resistant properties when compared with the other systems.

Industrial refurbishment to foster demand

The market is receiving considerable support from the renovation and refurbishment activities across the industrial sector in the region. The trending focus toward maximum digitalization has been inducing governments to invest in infrastructural development of industrial facilities. The facilities require high-power electrical solutions such as three-phase busbar systems.

Lighting segment to expand rapidly

The lighting system segment of the North America busbar trunking system market size has been soaring of late, owing to the expanded demand for lightweight energy distribution systems, especially across primary and secondary grid networks. As these systems possess power ratings that range between 25 to 40 A, they are highly suitable for commercial applications.

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The booming commercial sector in Canada and the U.S. has been speeding up North America busbar trunking system industry forecast. Schneider Electric, ABB, Siemens, Anord Mardix, General Electric, Eaton, Entraco, Naxso, Legrand, Larsen & Toubro, Mardix are some leading busbar trunking system providers.

Browse Related Report:

Asia Pacific Busbar Trunking System Market Size By Insulation (Sandwich, Air-insulated), By Power Rating (Lighting, Low, Medium, High), By Conductor (Copper, Aluminum), By Application (Industrial {Power, Oil & Gas, Process, Transportation, Manufacturing}, Commercial {Education, Retail, Hospitality, Societies, Healthcare, Others}, Utilities), Industry Analysis Report, Country Outlook (China, India, Japan, Australia, South Korea, Indonesia, Thailand, Philippines, Malaysia, Singapore, New Zealand), Application Potential, Competitive Market Share & Forecast, 2019– 2025

https://www.graphicalresearch.com/industry-insights/1326/asia-pacific-busbar-trunking-system-market

Table of Contents (ToC) of the report:

Chapter 3   Busbar Trunking System Market Insights

3.1         Industry segmentation

3.2         Industry landscape, 2014 – 2025

3.3         Industry ecosystem analysis

3.3.1       Vendor matrix

3.4         Innovation & sustainability

3.5         Regulatory landscape

3.6         Industry impact forces

3.6.1       Growth drivers

3.6.1.1       Refurbishment of existing grid networks

3.6.1.2       Rising electric infrastructure spending

3.6.2       Industry pitfalls & challenges

3.6.2.1       Volatile raw material prices

3.7         Growth potential analysis

3.8         Porter’s analysis

3.9         Competitive landscape, 2018

3.9.1       Strategy dashboard

3.10       PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1154/north-america-busbar-trunking-system-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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