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Global Busbar Trunking System Market to Grow at a CAGR of 6.8% During the Period 2022-2027, Driven by Modern Solutions Offered by Leading Companies

According to a new report by EMR titled, ‘Global Busbar Trunking System Market Report and Forecast 2022-2027’, the global busbar trunking system market is expected to grow at a CAGR of 6.8% during the period 2022-2027, led by advantages afforded by busbar trunking systems.

The global busbar trunking system market is expected to be driven by advantages afforded by busbar trunking systems, such as decreased on-site installation time and reduced cost, enhanced design flexibility and versatility, ease of distribution, simplicity of use, easier estimation of costs, space savings, better aesthetics, enhanced safety features, decreased loss of energy, superior resistance, lower magnetic field, and others. Busbar trunking systems are used in multiple sections of development, including industrial, data centre, residential, commercial, healthcare, and infrastructure. North America, Asia and Europe are likely to be key markets. 

 

Leading companies offering modern solutions help in infrastructure development. For example, in 2021, Siemens Smart Infrastructure secured an order from the Regensburg transport authority “das Stadtwerk Regensburg.Mobilität GmbH” in Germany to prepare the bus depot in the Markomannenstrasse for electromobility. The company was entrusted with supplying the charging infrastructure and the power distribution technologies. Siemens was chosen due to the company’s easy-to-expand charging infrastructure and busbar trunking system for power distribution. 

 

In 2020, Siemens Smart Infrastructure would introduce LData - a busbar trunking system particularly devised for data centres seeking enhanced efficiency, adaptability and availability. With increasing volumes of internet traffic, Internet of Things (IoT) and number of mobile users, the quantity of data warranting processing is only increasing substantially, and high-performance data centres have become a primary essential. LData busbar trunking system offered a cost-effective and flexible solution to standard cables and provided operators an alternative that enabled intelligent and future-proof power distribution. 

 

Key Findings of the Report

  • The global busbar trunking system market is expected to be driven by advanced solutions by leading companies. 
  • Cost-effective and flexible solutions are expected to boost market growth.
  • Asia, North America and Europe are projected to be key markets.    

 

Market Analysis by Conductor Material, Insulation Type, Power Rating, End Use and Region 

  • By conductor material, the market is divided into Copper and Aluminium.
  • By insulation type, the market is classified into Air Insulation and Sandwich Insulation.
  • By power rating, the market is divided into Lighting, Low, Medium and High.
  • By end use, the market is classified into Residential, Commercial, Industrial, Transportation, and Others.
  • By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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