Busbar Protection Market Grabs A Cool $4.31 Billion

According to a MarketsandMarkets research report, Busbar Protection Market by Voltage, Impedance, End-User, and Region - Global Forecast to 2023, the global market is expected to grow from an estimated $3.2 Billion in 2018 to $4.31 Billion by 2023, at a CAGR of 6.10%, during the forecast period. The market is set to witness growth due to the adoption of smart grids and HVDC technology in the utilities sector. Favorable government policies coupled with increasing emphasis on renewable energy sources globally will also boost the growth of the busbar protection market.

 

Projections

Fierce AI Week

Register today for Fierce AI Week - a free virtual event | August 10-12

Advances in AI and Machine Learning are adding an unprecedented level of intelligence to everything through capabilities such as speech processing and image & facial recognition. An essential event for design engineers and AI professionals, Engineering AI sessions during Fierce AI Week explore some of the most innovative real-world applications today, the technological advances that are accelerating adoption of AI and Machine Learning, and what the future holds for this game-changing technology.
  • The utilities market is expected to be the largest Busbar Protection Market, by end-user, in 2018.
  • The low-impedance segment is expected to hold the largest share of the Busbar Protection Market, by impedance, during the forecast period.
  • Asia Pacific: Key market for busbar protections market during the forecast period.
  • Top players in the include ABB (Switzerland), Schneider Electric (France), GE (US), Siemens (Germany), Mitsubishi Electric (Japan), NR Electric (China), Toshiba (Japan), Eaton (Ireland), and ZIV (Spain). 

If you really need to know more, browse select portions of the report.

 

MarketsandMarkets Inc.

Northbrook, IL

888-600-6441

[email protected]

Suggested Articles

Iowa State University researchers are working with NSF grant

Brain Corp. reported a sharp increase in autonomous robot usage in 2Q

Nvidia DGX accelerators helped train system from 150,000 chest X-rays with inference results in less than a second