Busway Market Report 2023 (Global Edition)

Global Busway Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Busway Industry growth. Busway market has been segmented with the help of its Type, Application End-User , and others. Busway market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Busway Market, Type Segment Analysis

• Segregated

The Segregated Busway Market size will be USD 8,715.19 Million by 2029. Segregated phase bus duct is available for voltages ranging from 600 volts through 38kV, with ratings up to 8000 amps. Segregated phase bus includes all phase conductors in a common enclosure with metal barriers between adjacent phases

• Non-segregated

Non-segregated phase bus duct is an assembly of bus conductors with associated connections, joints and insulating supports confined within a metal enclosure without inter-phase barriers. Non-segregated phase busway designed for inter-connecting group of metal-enclosed or metal-clad switchgear, power transformers or other related equipment. The applications include connections from transformers to switchgear assemblies in unit substations, connections from switchgear assemblies to generators, and tie connections between switchgear assemblies.

• Plug-In & Feeder

Busway plugs-in have a visible position indicator and relocatable operating handle. Bus Plugs are designed with standard wire bending space and extended wire bending space (gutter). A plug-in bus duct system or busway includes disconnect switches and other devices mounted on it in order to distribute power along a long building. Many forms of busway allow plug-in devices such as switches and motor starters to be easily moved; this provides flexibility for changes on an assembly line.

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Busway Market, by Application

• Oil Plant

By Application, the Oil Plant segment revenue will be USD 1,937.16 Million by 2029. An oil plant is an industrial plant that transforms or refines crude oil into various usable petroleum products such as diesel, gasoline and heating oils. Busway transports electricity and lower cost required for installation. Hence busway di power distribution system used in petrochemical, oil plant industry

• LNG Plant

LNG plant has liquefied natural gas that is stored in a pipeline and exported to end-user industries. The LNG plant transports natural gas from pipeline and liquefy in small scale facilities and store in cryogenic tanks. Busway used to distribute electricity to LNG plant through distribution switchboard circuit.

• Chemical

A chemical plant involves an industrial process that produced chemicals on large scale which uses busway system for transportation of electricity.

• Power plant

Busway is electric power distribution system that transport electricity in power plants

• Factory building

Busway system used in factory or manufacturing facilities that involves development of machine or products of a manufacturer. Busway system used to transport electricity in commercial, industrial, or residential buildings as they are easy to install, inexpensive in cost.

• Railway

Busway system transport electricity in railway industry, as busway are easy to install and it has varied application of distribution of electricity in railway industries.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Busway market report 2023 Edition by contacting our team.

Busway End-User Segment Analysis

• Commercial

Commercial Revenue in Busway is estimated to reach USD 6,772.27 Million by 2029. Commercial buildings are referred to the building that is used for commercial purposes such as office, warehouses, retail etc. The commercial building are being growing in number due to increasing business affairs which led to the higher demand of the busway system in the commercial buildings and infrastructure.

• Residential

Residential building are referred to the building which are generally used for the residency purposes. These building includes, dormitories, apartment houses, flats and private garages etc

• Industrial

Industrial infrastructure refers to the infrastructures such as bridges, dam road, and urban infrastructure projects etc. The industrial infrastructure shows the highest market share owing to the growth of several industrial sector and higher demand of electrical distribution system in the infrastructure.

• Commercial
• Residential
• Industrial

Busway Product Segment Analysis

• Air Insulated busway

The Air Insulated busway Market revenue will be USD 8,332.69 Million by 2029. Air-insulated busway/bus duct are made from aluminum or copper conductors which held in place with polymer supports enclosed in an aluminum enclosure. It consist of the plastic clips which isolates the conductors keeping equally spaced between them proving air insulation. Air-insulated busway are generally used for the indoor application and are widely used in data centers, machine shops, labs etc.

• Film insulated busway

These are widely referred as sandwich type which consist of phase bars arranged together inside a non-ventilated aluminum or steel enclosure. The Sandwich type busways can be employed for the indoor, sprinkler proof or outdoor applications and are widely used to deliver power between gear using feeder pieces. It can be applicable for commercial, infrastructure, residential and industrial projects.

• Cast resin insulated

Cast-resin insulated busway are developed with a unique concept where copper or aluminum conductors are encapsulated with an insulation compound, B.I.M. casting mix, consisting of epoxy-resin mixed under vacuum. These are moisture- resistant, fire-resistant and self-extinguishing applicable in wide array of industries

• Air Insulated busway
• Film insulated busway
• Cast resin insulated
• Others

Busway Market Regional Analysis

Region and country analysis section of Busway Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Busway market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Company Profile:

• Siemens

Founded in 1847, Siemens AG is German based conglomerate company. The company operates in many businesses including Power and Gas, Wind Power and Renewable, Power Generation Services, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives, Healthcare and Financial Services. The Power and Gas Division offers utilities, independent power producers and variety of products and solutions in oil & gas. Wind Power and Renewable segment provides highly reliable and cost-efficient wind turbines. Power Generation Services comprises of field service support, maintenance, repairs, replacements, modernizations and upgrades of components, such as gas, steam and wind turbines as well as generators, in large-scale and industrial power plants, and compressors for the oil and gas industry. Energy Management segment offers Intelligent, digitally managed power transmission and distribution. Building Technologies Division contains automation technologies and services for commercial, industrial and public buildings and infrastructures. Mobility includes Consulting, planning, financing, construction and operation of turnkey mobility systems. Digital Factory Division aims to provide portfolio of hardware and software products which enable the comprehensive integration of data from development, production and suppliers. Process Industries and Drives Division supports in continuously improving the reliability, safety, and efficiency of products, processes and plants. Healthcare segment provides Imaging, Diagnostics, Advanced Therapies and services. Financial Services supports solutions and equipment, project and structured financing.

Factory Location: Siemens Busway Factory is the first and remains the only true global busway brand in ASEAN with 10 countries and 9% of the world population. Siemens established its Siemens Busway Factory built in Vietnam Singapore Industrial Park and this factory product and supplies Siemen’s busbar trunking systems across 46 countries.

August 2020

Siemens acquired C&S Electric Limited

Siemens Limited has closed the acquisition of C&S Electric Limited that boost the growth of low voltage power distribution system.

• Eaton

Eaton is an Irish company and its headquarters is at Dublin. It is a diversified power management organization. It mainly operates through six segments such as electrical products, electrical systems and services, hydraulics, aerospace, vehicle, and eMobility. In that, their electrical products and electrical systems and services segments basically provide electrical and industrial components, residential products, structural support systems, emergency lighting, fire detection, power quality, wiring devices, circuit protection, and lighting products, as well as power distribution and assemblies, safe explosion-proof instrumentation, hazardous duty electrical equipment, power reliability equipment, and services. Also, in the hydraulics segment, they offer hydraulics components, systems, and services for industrial as well as mobile equipment. The aerospace segment supplies aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. Moreover, their vehicle segment mainly specializes in the drivetrain, powertrain systems, and critical components for cars, light trucks, along with commercial vehicles. Furthermore, their eMobility segment provides electronic and mechanical components and systems for on-road and off-road vehicles.

Eaton manages businesses with manufacturing facilities worldwide. The Company maintains manufacturing facilities at approximately 267 locations in 39 countries. Over the next 12 months, Eaton will transition its busway operations from the current facilities to the new facility, located at 5502 Highway 25 North in Hodges, South Carolina

December 2020

Eaton acquired 50 percent stake in HuanYu High Tech

Eaton has signed an agreement to acquire a 50 percent stake in HuanYu High Tech. This partnership will open up many exciting opportunities to grow Eaton's business in Asia. HuanYu High Tech is a subsidiary of HuanYu Group and involve in manufacturing and sales of low-voltage circuit breakers and contactors in China, and throughout the Asia-Pacific region.

November 2020

Eaton invests more than $100 million to expand its business in North American

Eaton has done the major investment to enhance the supply of its residential and commercial electrical solutions across North America. In addition to a new distribution, company is focusing on expansion of manufacturing capacity, modernizing production and adding a new plant center. The expansions and modernizations of other facility will take place through 2022.

June 2020

Eaton purchased new facility, merges busway product line operations from multiple Greenwood area sites and expanded capacity.

Eaton has purchased new facility in Hodges, South Carolina which has established new home for Eaton’s busway product line, spanning three facilities across Greenwood County. This will enhance growth of comprehensive portfolio of power distribution and control equipment solutions used in hospitals, data centers, factories, and commercial, residential and industrial facilities.

Top Companies Market Share in Busway Industry: (In no particular order of Rank)

• Schneider Electric
• Siemens
• GE Ind
• Eaton
• LS Cable
• UEC
• Huapeng Group
• C&S Electric
• DBTS Ind
• Godrej Busbar Systems
• Furukawa Electric
• Powell
• Honeywell
• Weton
• Somet
• ABB
• Dasheng Microgrid
• Huabei Changcheng
• WOER
• Lonsdaleite
• Amppelec
• Yuanda Electric
• Dynamic Electrical
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