Utilities segment is expected to hold the largest share of the busbar market, by end-use industry, during the forecast period
The utilities industry led the overall busbar market in 2015. Busbar are vital components in power generation plants, as well as in transmission and distribution substations, where they find application in distribution boards, switchgears, motor controls, and transformers among others. Busbar are used as reliable replacement of cables due to high efficiency, low space requirements, and ease of installation.
Low power busbar are expected to hold the largest market share, by power rating, during the forecast period
The low power busbar segment is expected to hold the largest market of the global busbar market during the forecast period. The demand for low power busbar is suitable for supplying power to light fixtures for commercial and industrial segments. They can be installed both in false ceilings and in technical floors. They are widely used in distribution panels and switchboards across utilities, industries, and for residential applications, thus giving it a wider market coverage compared to medium and high power busbar.