Global Busbar Trunking System Market Analysis The global busbar trunking system market is predicted to have a healthy growth at a 6.5% CAGR over the forecast period (2017-2023), reveals the latest Market Research Future report (MRFR). Busbar trunking system (BTS) is a prefabricated electrical distribution system comprising of busbars within a protective enclosure, which includes accessories, devices, fittings, and straight lengths. BTS has a wide range of applications including hotels, hospitals, IT, apartments, industries, assembly lines in factories, and airports. Busbars are becoming irreplaceable owing to their higher safety and convenience factor. The expenditure of cabling and trunking, and the installation time needed in traditional cables is higher compared to busbars. Installing busbars has various benefits over conventional cabling. Busbars have a compact design, due to which they need less space, which is a key benefit. Other benefits include their better heat absorption, higher flexibility, lower installation costs, better resistance, reduced loss of energy, a lower electromagnetic field. Busbars come with a steel casing, making the unit safe and secure, and helps in safe, efficient, and easy distribution of line. Various factors are pushing the growth of the Busbar Trunking System Market Share. These factors, in accordance to the Market Research Future (MRFR) report, include recent technological advancements, wide use in numerous data centers, growing demand for uninterrupted and reliable electricity supply, growing adoption of smart grid, the significant investment made by regulatory authorities, and increasing demand for power. Cost advantages and growth in urbanization, industrialization, and mechanization has led to the development of numerous business sectors, end user satisfaction, and customer relationship that is again pushing the growth of the busbar trunking system market. Moreover, stringent rules and regulations laid down by the government, prompting numerous multi-facility infrastructures and industries to make efficient use of electricity, are also driving the market growth. Busbar Trunking System Market Segmentation The Market Research Future report offers a wide segmental analysis of the busbar trunking system market on the basis of conductor, insulation, power rating, and end user. Based on the conductor, the busbar trunking system market is segmented into aluminum and copper. Of these, the copper conductor segment will have the largest share in the market over the forecast period. Based on insulation, the busbar trunking system market is segmented into sandwich and air. Of these, sandwich insulation will lead the market over the forecast period. Based on the power rating, the busbar trunking system market is segmented into low, medium, high, and lighting. Based on end user, the busbar trunking system market is segmented into transportation, large residential, commercial, and industrial. Regional Analysis
Busbar Trunking System Market Share, Growth Factors, Competitive Landscape and Forecast to 2023
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