Busway Market to 2025 – Global Analysis and Forecast 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)
The global busway market accounted for US$ 5.66 Bn in 2015 and is expected to grow at a CAGR of 6.66% during the forecast period 2016 – 2025, to account for US$ 10.81 Bn in 2025.
Within this market, various regions are observed to exhibit different growth trends. The North America (NA) and Europe (EU) are matured market and therefore comprise major share of overall market, however, the developing nations in geographic areas such as Asia Pacific (APAC), Middle East and Africa (ME), Africa and South America (SAM) are exhibiting a high growth due to various factors such as increase in number of new industries and infrastructure and its need for electrification. Adoptions of Busway is expected to accelerate at a high growth rate in the coming few years due to, growing number of power grid and development in renewable energy plants in almost all over the globe. Its various advantage over cable wiring is attracting end-user from different sectors such as industrial, data centers, transportation and residential sector, and therefore influencing the market revenues and growth rates globally.
Exhibit: Busway Lucrative Regional Markets
Market Insights
Rising demand of power conservation system with increasing number of smart cities and green constructions
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.
Rising electrification in emerging countries will influence the busway market
Access to electricity is particularly crucial to county development, as certain signification applications such as industrialization, residential and commercial applications. Electrification can help achieve economic and social objectives. The International Energy Agency (IEA) estimates that 1.5 billion people lacked access to electricity in 2008, more than one-fifth of the world’s population. Approx. 85% of those without electricity live in rural areas, mainly in Sub-Saharan Africa and South Asia.
Considerable progress has been made with government initiative in these developing countries. Achieving sustainable universal electricity access by 2030 is one of the important global target and this will influence the busway market in positive aspect. It is evident that an even stronger focus on electricity access will be seen in coming year to meet the needs of the low electrification and overcome this constraint on development.
Exhibit: Busway Market by Region
Strategic Insights
Few of the recent strategies by some of the players in busway market landscape are listed below-
2017: ABB in partnership with POWERGRID India was awarded a project contract to deliver transmission link in order to distribute electricity to more than 80Mn people with the project cost estimated to be worth US$ 640 Mn.
2017: The tiny houser project that was developed by Home Builder Institute in Florida, Orlando would deploy electrical solutions from power management company Eaton.
2016: ABB supplied low voltage power distribution solutions to the new car manufacturing factory of Renault-Nissan and Daimler’s strategic joint venture located in Aguascalientes, Mexico.
The report segments the global busway market are as follows:
Busway Market – By Type
- Air Splicing Busway (BMC)
- Intensive Insulation Plug Busway (CMC)
- High Strength Enclosed Busway (CFW)
- Others
Busway Market – By Application
- Commercial Building
- Residential Building
- Industrial Infrastructure
- Others
Busway Market – By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Vietnam
- Indonesia
- Hong Kong
- Macau
- Singapore
- Rest of APAC
- Middle East & Africa (MEA)
- Saudi Arabia
- U.A.E.
- Rest of MEA
- Africa
- Kenya
- South Africa
- Rest of Africa
- South America (SAM)
- Brazil
- Rest of SAM
Global Busway Market - Company Profiles
- Schneider Electric SE
- Siemens AG
- General Electric Company
- Eaton Corp. PLC
- LS Cable & System Ltd.
- Power Plug Busduct Sdn Bhd
- ABB Ltd.
- Powell Industries, Inc.
- Honeywell International Inc.
- Universal Electric Corporation
- C&S Electric Limited
- Furukawa Electric Co., Ltd.
- Brilltech
- DAQO GROUP
- Asian Power Systems (I) Pvt. Ltd.
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Scope of Study
2.2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Market Landscape
4.1 Overview
4.2 Market Segmentation
4.2.1 Global Busway Market – By Types
4.2.2 Global Busway Market – By Applications
4.2.3 Global Busway Market – By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 APAC PEST Analysis
4.3.4 Middle-East PEST Analysis
4.3.5 Africa PEST Analysis
4.3.6 South America PEST Analysis
5 Global Busway Market – Key Industry Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6 Busway Market Analysis- Global
6.1 Global Busway Market Overview
6.2 Global Busway Market Forecast and Analysis
7 Global Busway Market Revenue and Forecasts to 2025 –Types
7.1 Overview
7.2 Air Splicing Busway (BMC)
7.2.1 Overview
7.2.2 Global Air Splicing Busway (BMC) Market Revenue and Forecasts to 2025 (US$ Mn)
7.3 Intensive Insulation Plug Busway (CMC)
7.3.1 Overview
7.3.2 Global Intensive Insulation Plug Busway (CMC) Market Revenue and Forecasts to 2025 (US$ Mn)
7.4 High Strength Enclosed Busway (CFW)
7.4.1 Overview
7.4.2 Global High Strength Enclosed Busway (CFW) Market Revenue and Forecasts to 2025 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
8 Global Busway Market Revenue and Forecasts to 2025 – Application
8.1 Overview
8.2 Commercial Building
8.2.1 Overview
8.2.2 Global Commercial Building Market Revenue and Forecasts to 2025 (US$ Mn)
8.3 Residential Building
8.3.1 Overview
8.3.2 Global Residential Building Market Revenue and Forecasts to 2025 (US$ Mn)
8.4 Industrial Infrastructure
8.4.1 Overview
8.4.2 Global Industrial Infrastructure Market Revenue and Forecasts to 2025 (US$ Mn)
8.5 Other
8.5.1 Overview
8.5.2 Global Other Applications Market Revenue and Forecasts to 2025 (US$ Mn)
9 Global Busway Market Revenue and Forecasts to 2025 – Geographical Analysis
9.1 Overview
9.2 North America Busway Market Revenue and Forecasts to 2025
9.2.1 Overview
9.2.2 North America Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.2.3 North America Busway Market Breakdown by Key Countries
9.2.4 North America Busway Market Breakdown by Bus Types
9.2.5 North America Busway Market Breakdown by Applications
9.2.5.1 US Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.2.5.1.1 US Busway Market Breakdown by Bus Types
9.2.5.1.2 US Busway Market Breakdown by Applications
9.2.5.2 Canada Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.2.5.2.1 Canada Busway Market Breakdown by Bus Types
9.2.5.2.2 Canada Busway Market Breakdown by Applications
9.2.5.3 Mexico Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.2.5.3.1 Mexico Busway Market Breakdown by Bus Types
9.2.5.3.2 Mexico Busway Market Breakdown by Applications
9.3 Europe Busway Market Revenue and Forecasts to 2025
9.3.1 Overview
9.3.2 Europe Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.3.3 Europe Busway Market Breakdown by Key Countries
9.3.4 Europe Busway Market Breakdown by Bus Types
9.3.5 Europe Busway Market Breakdown by Applications
9.3.5.1 Germany Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.3.5.1.1 Germany Busway Market Breakdown by Bus Types
9.3.5.1.2 Germany Busway Market Breakdown by Applications
9.3.5.2 UK Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.3.5.2.1 UK Busway Market Breakdown by Bus Types
9.3.5.2.2 UK Busway Market Breakdown by Applications
9.3.5.3 Italy Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.3.5.3.1 Italy Busway Market Breakdown by Bus Types
9.3.5.3.2 Italy Busway Market Breakdown by Applications
9.3.5.4 Rest of Europe Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.3.5.4.1 Rest of Europe Busway Market Breakdown by Bus Types
9.3.5.4.2 Rest of Europe Busway Market Breakdown by Applications
9.4 Asia Pacific (APAC) Busway Market Revenue and Forecasts to 2025
9.4.1 Overview
9.4.2 APAC Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.4.3 APAC Busway Market Breakdown by Key Countries
9.4.4 APAC Busway Market Breakdown by Bus Types
9.4.5 APAC Busway Market Breakdown by Applications
9.4.5.1 Vietnam Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.4.5.1.1 Vietnam Busway Market Breakdown by Bus Types
9.4.5.1.2 Vietnam Busway Market Breakdown by Applications
9.4.5.2 Indonesia Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.4.5.2.1 Indonesia Busway Market Breakdown by Bus Types
9.4.5.2.2 Indonesia Busway Market Breakdown by Applications
9.4.5.3 Hong Kong Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.4.5.3.1 Hong Kong Busway Market Breakdown by Bus Types
9.4.5.3.2 Hong Kong Busway Market Breakdown by Applications
9.4.5.4 Macau Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.4.5.4.1 Macau Busway Market Breakdown by Bus Types
9.4.5.4.2 Macau Busway Market Breakdown by Applications
9.4.5.5 Singapore Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.4.5.5.1 Singapore Busway Market Breakdown by Bus Types
9.4.5.5.2 Singapore Busway Market Breakdown by Applications
9.4.5.6 Rest of APAC Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.4.5.6.1 Rest of APAC Busway Market Breakdown by Bus Types
9.4.5.6.2 Rest of APAC Busway Market Breakdown by Applications
9.5 Middle East Busway Market Revenue and Forecasts to 2025
9.5.1 Overview
9.5.2 Middle East Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.5.3 Middle East Busway Market Breakdown by Key Countries
9.5.4 Middle East Busway Market Breakdown by Bus Types
9.5.5 Middle East Busway Market Breakdown by Applications
9.5.5.1 Saudi Arabia Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.5.5.1.1 Saudi Arabia Busway Market Breakdown by Bus Types
9.5.5.1.2 Saudi Arabia Busway Market Breakdown by Applications
9.5.5.2 UAE Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.5.5.2.1 UAE Busway Market Breakdown by Bus Types
9.5.5.2.2 UAE Busway Market Breakdown by Applications
9.5.5.3 Rest of Middle East Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.5.5.3.1 Rest of Middle East Busway Market Breakdown by Bus Types
9.5.5.3.2 Rest of Middle East Busway Market Breakdown by Applications
9.6 Africa Busway Market Revenue and Forecasts to 2025
9.6.1 Overview
9.6.2 Africa Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.6.3 Africa Busway Market Breakdown by Key Countries
9.6.4 Africa Busway Market Breakdown by Bus Types
9.6.5 Africa Busway Market Breakdown by Applications
9.6.5.1 South Africa Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.6.5.1.1 South Africa Busway Market Breakdown by Bus Types
9.6.5.1.2 South Africa Busway Market Breakdown by Applications
9.6.5.2 Kenya Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.6.5.2.1 Kenya Busway Market Breakdown by Bus Types
9.6.5.2.2 Kenya Busway Market Breakdown by Applications
9.6.5.3 Rest of Africa Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.6.5.3.1 Rest of Africa Busway Market Breakdown by Bus Types
9.6.5.3.2 Rest of Africa Busway Market Breakdown by Applications
9.7 South America (SAM) Busway Market Revenue and Forecasts to 2025
9.7.1 Overview
9.7.2 SAM Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.7.3 SAM Busway Market Breakdown by Key Countries
9.7.4 SAM Busway Market Breakdown by Bus Types
9.7.5 SAM Busway Market Breakdown by Applications
9.7.5.1 Brazil Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.7.5.1.1 Brazil Busway Market Breakdown by Bus Types
9.7.5.1.2 Brazil Busway Market Breakdown by Applications
9.7.5.2 Rest of SAM Busway Market Revenue and Forecasts to 2025 (US$ Mn )
9.7.5.2.1 Rest of SAM Busway Market Breakdown by Bus Types
9.7.5.2.2 Rest of SAM Busway Market Breakdown by Applications
10 Industry Landscape
10.1 Market Initiative
10.2 Mergers and Acquisitions
10.3 New development
11 Busway Market, Key Company Profiles
11.1 Schneider Electric SE
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 Siemens AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 General Electric Company
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 Eaton Corp. PLC
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 SWOT Analysis
11.4.5 Key Developments
11.5 LS Cable & System Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 SWOT Analysis
11.5.5 Key Developments
11.6 Power Plug Busduct Sdn Bhd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 SWOT Analysis
11.6.5 Key Developments
11.7 ABB Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 SWOT Analysis
11.7.5 Key Developments
11.8 Powell Industries, Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 SWOT Analysis
11.8.5 Key Developments
11.9 Honeywell International Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Financial Overview
11.9.4 SWOT Analysis
11.9.5 Key Developments
11.10 Universal Electric Corporation
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 SWOT Analysis
11.10.5 Key Developments
11.11 C&S Electric Limited
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Financial Overview
11.11.4 SWOT Analysis
11.11.5 Key Developments
11.12 Furukawa Electric Co., Ltd.
11.12.1 Key Facts
11.12.2 Business Description
11.12.3 Financial Overview
11.12.4 SWOT Analysis
11.12.5 Key Developments
11.13 Brilltech
11.13.1 Key Facts
11.13.2 Business Description
11.13.3 Financial Overview
11.13.4 SWOT Analysis
11.13.5 Key Developments
11.14 DAQO GROUP
11.14.1 Key Facts
11.14.2 Business Description
11.14.3 Financial Overview
11.14.4 SWOT Analysis
11.14.5 Key Developments
11.15 Asian Power Systems (I) Pvt. Ltd.
11.15.1 Key Facts
11.15.2 Business Description
11.15.3 Financial Overview
11.15.4 SWOT Analysis
11.15.5 Key Developments
12 Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Methodology
12.3.1 Coverage
12.3.2 Secondary Research
12.3.3 Primary Research
12.4 Contact Us
12.5 Disclaimer
- Highlights key business priorities in order to assist companies to realign their business strategies
- Understand new and emerging developments in major geographic region and impact of that on overall market.
- Identify key market drivers and restraints in market and to take align business in order to get maximum profit
- The key findings and recommendations highlight crucial progressive industry trends in this market, thereby allowing players across the value chain to develop effective long term strategies.
- Highlights key business priorities in order to assist companies to realign their business strategies
- Enhance the decision-making process by understanding the strategies that underpin commercial interest.
- Helps clients to overcome challenges expected to restrict growth prospects of this market during the forecast period