North America Busbar Trunking System Market size is predicted to witness growth of over 9% by 2025.
U.S. Busbar Trunking System Market, By Application, 2018 & 2025 (USD Million)
Rising focus of government entities toward the conservation of energy along with subsequent investments to modernize the existing electric grid infrastructure will drive the North America busbar trunking system market growth. For instance, the Federal Energy Regulatory Commission announced that the electric companies invested over USD 160 billion for the development of transmission & distribution infrastructure over the period of 2013 to 2016.
North America aluminium busbar trunking system market size is anticipated to witness strong growth on account of its light weight property and ability of economical transportation. Enhanced capability of aluminium conductor to carry high loads over longer distances along with lower pricing structure of the metal will in turn stimulate the demand for these systems.
Industrial busbar trunking system market in North America is expected to grow on account of increased emphasis on the integration of extensive frequency distribution links. Rising demand of these systems from process and manufacturing industries will further enhance their adoption.
Enhanced government efforts to revamp the existing distribution networks to reduce the risk of frequent blackouts will propel the Mexico busbar trunking system market. Regulatory measures undertaken by the country to create smart energy T&D grid will further enhance the industry outlook. For reference, in 2017, the Government of Mexico presented the Programme of Intelligent Electrical Networks that would require an investment of about USD 0.6 billion during the eight-year tenure for the implementation of the new smart system.
Increasing demand for energy from communication base stations and data centres to mitigate financial losses will stimulate the North America busbar trunking system market. For instance, the U.S. Federal government has been investing a large amount in the R&D projects that are attributed to increasing the energy efficiency of data centers. Furthermore, growing demand for effective energy management to modify power distribution networks will enhance the product adoption.
The North America busbar trunking system market from sandwich insulation would witness growth on account of their capability to withstand lower voltage drop and high short circuit currents. Enhanced ability of these units to offer improved fire resistance as compared to their counterparts will further enhance the product adoption.
Lighting busbar trunking system market in North America will grow due to increasing demand for lightweight power distribution systems across primary & secondary networks. These systems have power ratings ranging between 25 to 40 A, thereby making their adoption suitable across light commercial applications.
Key industry players in North America busbar trunking system market includes Siemens, Larsen & Toubro (L&T), Schneider Electric, General Electric, Legrand, Eaton, ABB, Entraco, Naxso and Anord Mardix.
Segments we cover:
North America Busbar Trunking System Market Statistics, By Power Rating
North America Busbar Trunking System Market Growth, By Insulation
North America Busbar Trunking System Market Trends, By Conductor
North America Busbar Trunking System Market Size, By Application
The above information is provided for the following countries: