The global 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 scope of study involves understanding on the factors responsible for this growth of busway market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant busway players in the market and their key developments.

Busway Market to 2025 – Global Analysis and Forecast by type and application, Busway market is expected to grow US$ 10.81 billion by 2025 from US$ 5.66 billion in 2015. A busway (also called bus duct), is a sheet metal duct containing either copper or aluminum bus bars for the purpose of conducting a substantial current of electricity. It is an alternative of conducting electricity to power cables or cable bus. Busway enable the stakeholders particularly, end-user from residential, commercial and industrial sector to enhance power carrying efficiency, reduce costs related to installation, reduction in down time, improved end-user experience, and with less complexity in maintenance.

Some of the remarkable partnership and collaboration in this industry are collaboration of GE Energy Connections collaborated with Clean Line Energy to develop clean energy infrastructure project in US. Apart from this, LS Cable & Systems entered in contract with BAIC to supply electric vehicle parts.

The global busway market by geography is segmented into six region including The North America, Europe, Asia Pacific, Middle East, Africa and South America. APAC is expected to account for the largest share of the global busway market in 2016, followed by North America. Also, Middle East and APAC are expected to have highest growth rate during the forecast period from 2016 to 2025. The report profiles key players such 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.

With the growing number of smart cities around the globe, the need for new and intelligent infrastructure to meet the advanced requirements of residents and businesses is also increasing. An effective way to support these city goals is by using technology which supports power conservation, and optimize and control key systems and infrastructure. The growing number of smart cities and green constructions is influencing the busway market congruently.

Apart from this, market is projected to witness a high growth on the account of increasing substantially big residential and construction activities, and up-gradation of electrical power distribution infrastructure in commercial and industrial sector. It is expected that by 2050, more than two-third of world population will be living in cities and these cities will be fully electrified. This increase in power transmission will boost the busway market as well, which is primary choice for power transmission and distribution among various end-user especially those in high-rise buildings and industrial premises.

Besides this, green constructions are also supporting efficient power distribution and power conservation, specifically, with the usage of compact and advanced equipment such as busway to distribute electricity efficiently throughout the facility.

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The demand of energy in both developed as well as developing countries is rising exponentially. In order to fulfill their need, power generation is gradually shifting from fossil fuel and other age old method to renewable energy and natural gas sector. Asper REN21 report, total renewable power generating capacity saw its largest annual increase in 2015, with an estimated addition of 147 GW of renewable capacity in a year.

Also, for the large-scale deployment of renewables and other carbon-free solutions, the introduction of advanced new technologies such as energy storage and smart grids needs to be accelerated. Government is also taking various initiative to promote renewable energy plants. For example, wind power was the most cost-effective option for new grid-based power in 2015 in many markets, including Canada, Mexico, New Zealand, South Africa, Turkey, and parts of Australia, China and the United States. Rising new power grids and renewable energy plants are sequentially up surging new and energy efficient electrical equipment market including busway market.

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