Report ID: SQMIG55A2049
Busbar Trunking System Market Size, Share, Growth Analysis, By Material(Aluminium, Copper, Others), By Power Rating(Lighting, Low Voltage, Medium Voltage, High Voltage), By End Use(Commercial, Industrial, Transportation, Residential), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG55A2049 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
95 |
Figures:
76
Busbar Trunking System Market Regional Insights
According to regional analysis, the North American region is dominating the market. Although during the projection period, Asia-Pacific is anticipated to have the fastest rate of growth. Due to its rapid urbanisation, industrialisation, and population growth, Asia-Pacific is one of the world's areas with the quickest rates of growth. The need for a reliable power supply is therefore great. Many nations are making investments in the transmission and distribution network as well as the renewable energy industry to meet these demands.
The International Energy Agency (IEA) estimated that during the forecast, China, the nation with the most people, would build 40% of the world's wind energy and 36% of all hydroelectricity producing capacity. Over 259,000 MW of new coal plants are already under construction in China, which makes up more than one-third of the world's planned coal plant capacity. Due to characteristics like low maintenance and safety, busbar trunking is anticipated to be the most apparent solution for these developments.
Busbar Trunking System Market Report Snapshots
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