DUBLIN, June 25, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/qxjhkt/busbar_market_by) has announced the addition of the "Busbar Market by Power Rating, End User & by Region - Global Trends & Forecasts to 2020" report to their offering.
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The market was valued at $11,721.2 Million globally in 2014 and is projected to grow at a CAGR of 5.41% from 2015 to 2020.
The global market for busbar is projected to witness high growth on account of rising energy demand, growing construction sector, and increased up-gradation of electrical infrastructure.
Asia-Pacific region holds a majority of market share owing to urbanization and significant development in T&D and construction segment, followed by North America and Europe. In terms of individual countries, the U.S. and China show high growth potential. This growth can attributed to the increasing demand for reliable power and investments for replacing aging T&D infrastructure in the U.S. and progressive economic growth of China.
Amongst the end-users, utilities sector is estimated to hold the major market share owing to increasing installation of power infrastructure. North American region is currently focusing on grid modernization and replacement of existing power infrastructure. Few countries in Europe are shifting towards renewable sources for power generation that has boosted the busbar market in the region. Busbar finds vast application in industrial and residential sectors as well.
In terms of growth strategies, market players have mainly been forming mergers and acquisitions in order to expand as well as strengthen their market foothold. Mergers and acquisitions is the most commonly adopted strategy and is followed by contracts and agreements, new product launches, and expansions. This shows a mix of both organic and inorganic growth strategies.
Leading players in the industry, based on their recent developments and other strategic industrial activities, include ABB Ltd. (Switzerland), Eaton Corporation Plc (Ireland), Legrand S.A. (France), Schneider Electric SE (France), and Siemens AG (Germany).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Industry Trends
6 Premium Insights
7 Global Busbar Market, By Power Rating
8 Global Busbar Market, By End-User
9 Global Busbar Market, By Region
10 Competitive Landscape
11 Company Profiles
- ABB Ltd. (Switzerland),
- Chint Electrics Co., Ltd.
- Eaton Corporation Plc (Ireland),
- Legrand S.A. (France),
- Mersen S.A
- Rittal GmbH & Co. KG
- Schneider Electric SE (France)
- Siemens AG (Germany).
- TE Connectivity Ltd.
For more information visit http://www.researchandmarkets.com/research/qxjhkt/busbar_market_by
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SOURCE Research and Markets