In a new research report on global bus bar trunking systems market by Persistence Market Research, only low and medium voltage bus bar trunking systems have been covered for in-depth analysis. It is expected that, the low voltage bus bar trunking systems segment will drive the growth of the bus bar trunking systems market, in terms of both, volume and value. The approximately US$ 5 billion market for bus bar trunking systems is projected to grow at a healthy CAGR of 6.6% during 2018-2026, as indicated by the PMR report.
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Increasing Demand for Zero Maintenance and Flexible Power Distribution Systems in the Industrial Automation Sector Favoring Market Growth
Industrial automation in all end-use sectors around the world is growing at a very healthy rate. Increasing awareness about the effective use of industrial automation solutions among consumers is forcing them to use these solutions so as to enhance productivity. Owing to the functional and flexible features, bus bar trunking systems are getting traction in line operations and machinery lines in the industrial automation sector.
A bus bar trunking system increases energy efficiency and also enhances safety features, which reduces the chances of a short circuit. Along with these factors, bus bar trunking systems are maintenance-free, which is expected to increase their demand in the industrial sector.
Bus bar trunking systems are helping industries streamline automatic processes with minimum energy loss. End-use industries are trying to improve their automation capabilities, aiming to bring themselves up to global standards, due to the pressing need for improved productivity, quality, operational excellence, and to be up to six sigma standards in the production processes.
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Potential Reduction in the Short Circuit Instances Pushing Rate of Adoption
The possibility of miswiring is significantly eliminated through the replacement of standard cable harnesses with a bus bar trunking system. Furthermore, the installation of a bus bar trunking system is effective insurance as compared to the costly repair problems associated with wiring harnesses that have high failure rates.
Moreover, bus bar trunking systems have high capacitance, which results in decreasing characteristic impedance, thus leading to greater effective noise elimination and signal suppression. These factors play a key role in increasing the sales of bus bar trunking systems in end-use industries.
A bus bar trunking system consists of an isolator and a circuit breaker. The defective section of the systems are easily removable from the circuit if any fault occurs, and then the circuit breaker trips off the system. Furthermore, the selection of a bus bar trunking system is majorly dependent on various factors such as cost, flexibility, and reliability.
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Global Bus bar Trunking Systems Market: Key Vendors in Competitive Landscape
Some of the key market participants reported in this study on the bus bar trunking systems market are:
ABB, ALFA Technologies Pvt Ltd, Anord Mardix Inc., C&S Electric, DAVIS, DBTS Industries Sdn Bhd, DKC Europe s.r.l., DTM Elektroteknik A.S., Dynamic Electrical Sdn Bhd, E+I Engineering (Powerbar), EAE Elektrik, Eaton, Effibar, Elecsis Ltd., Energypac Power generation Ltd., Entraco BKS, Furutec Electrical Sdn Bhd, Gersan Elektrik A.S., Godrej Industries Ltd., Graziadio, IBAR EMEA Ltd., KYODO KY-TEC Corp, Larsen & Toubro Limited, Lectobar, Legrand, LINKK Busway Systems (M) Sdn Bhd, LS Cable & System Ltd., MEGABARRE EUROPE SRL, NATUS GmbH & Co. KG, NAXSO S.r.l., NISSIN ELECTRIC Co., Ltd., Pogliano BusBar s.r.l., Power Plug Busduct Sdn. Bhd., RTC-ELECTRO-M Ltd., Schneider Electric, SIEMENS AG, Stardrive Busducts Ltd., TAIAN-ECOBAR TECHNOLOGY, Vass Electrical Systems, and WEG, among others.
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