Press release
Busway Market 2018 Cost Structure Analysis, Overview, Growth Opportunities and Forecast To 2025
The Insight Partners added “Busway Market to 2025 by Types (Air Splicing Busway (BMC), Intensive Insulation Plug Busway (CMC), High Strength Enclosed Busway (CFW) and Others), and Application (Commercial Buildings, Residential Buildings, Industrial Infrastructure and Others) – Global Analysis and Forecast” to its research database. The report is spread across 150 pages and supported by 11 company leaders.Cloud deployment model expected to continue its dominance. Currently, approx. 70% of the global busway market is captured by industrial, renewable energy, transportation market. Rise in industrialization especially in emerging countries such as India and China are driving the market. Automation also plays an important role in industrialization sector as manufacturing units need more power supply for automated plants. Busway market is expected to grow US$ 10.81 billion by 2025 from US$ 5.66 billion in 2015.
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Key trend which will predominantly effect the busway market in coming year is growing busway application in retrofitting of transmission and distribution channel of power supply. A trend that will likely take the busway market further is the overall utility sector transformation. This includes retrofit market or upgradation of old infrastructure and grid modernization. Upgrading aging infrastructure is expected to be one of the leading market segment in near future. Since most of the developed nations have power grid constructed about 40 to 50 years old and therefore most of them need upgradation. In 2016, IOUs spent about $44 billion for upgradation of the electric transmission and distribution system and modernizing the grid with new technologies.
Busway market by application is segmented as into air splicing busway (BMC), intensive insulation plug busway (CMC), high strength enclosed busway (CFW) and others. The growing high rise building in urban areas of developing economies are some of the trends contributing to the growing busway market. Almost all the end-user application segment are switching to busway from cables to meet their high efficiency and less complex power supply need.
The overall busway market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the busway market.
Key Questions Answered In This Report
– What will the market size be in 2025 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?
Key Insight of Busway Market
- Historical and Future Market
- Supply and Demand
- Price and Cost
- Drivers and Challenges
- Key Vendors
- Market Strategies
- Industry Value Chain
- Regions
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Companies Mentioned
Schneider Electric
Siemens AG
GE
Eaton
LS Cables
PPB Group
ABB LTD.
Powell Industries
Honeywell International
Universal Electric Corp.
C&S Electric
Furukawa Electric
Brilltech
DAQO Group
Asian Power System
View Complete Report at http://www.theinsightpartners.com/reports/busway-market
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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