Latest market study on “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”, the Busway market is estimated to reach US$ 10.81 billion by 2025 from US$ 5.66 billion in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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The global busway market for the types is bifurcated into air splicing busway (BMC), intensive insulation plug busway (CMC), high strength enclosed busway (CFW) and others. The segmentation is based upon need for busway to improve flexibility and uninterrupted power supply. Intensive insulation plug busway (CMC) type acquire the largest market share in 2015, however by 2025 it will lose some of its share to high strength enclosed busway (CFW), which will have almost equal market share by then. Development in both commercial and residential high rise buildings will capturing a large chunk of the overall market. However, the air splicing busway (BMC), the third type of busway is also a major contributor for price constraint market are have high adoption in multiple application goals.
Rise in retrofitting of busway market in developing countries are some of the major trends which will affect the market growth during the forecast period. 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.
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There has been constant development in busway industry in last few years. Recently, Universal Electric Corporation added 1200 amp Starline Track Busway option in its product portfolio. This product is capable of delivering more power while maintaining the flexibility that the company’s customers’ rely on. Also, in 2016 only, Siemens AG also announced a strategic partnership with BASELAYER Technology, LLC, manufacturer of software defined data center based in the US. BASELAYER will use Siemens intelligent busway technology
Some of the leading Busway market players 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, and Asian Power System are among others.
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The report segments the global busway market as follows:
Global Busway Market – By Types
Global Busway Market – By Applications
Global Busway Market – By Geography
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