Transparency Market Research in its new report titled, “Busbar Protection Market Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” provides key insights on the busbar protection market. The new report anticipates that the increasing global demand for energy encouraged by rapid industrialization and economic growth will drive the busbar protection market during the forecast period i.e, 2017-2025. As per the report, the governments in different countries are investing in energy development projects to achieve the energy security goal. Increase in investments for smart grid technologies and smart cities are further creating mandate of demand for transmission and distribution infrastructure, which, in return creating a requirement of busbar protection, TMR analyst mentions.
Based on terms of type, the busbar protection market is categorized into decentralized and centralized type. In the centralized busbar protection, copper wires from current transformers and tripping circuits to circuit breakers are connected at a central area. In the decentralized busbar protection type, the units are installed at the protection panels to provide the interfaces from the primary equipment. On the basis of impedance levels, the busbar protection market is split into high impedance, medium impedance, and low impedance. In terms of application, the busbar protection market is divided into utilities, industries, and transportation. The demand for busbar protection in utilities is expected to remain high over the forecast period. In terms of voltage level, the busbar protection market is divided into low, medium, and high voltage levels.
The TMR report has segregated the busbar protection market, on the basis of regional perspective, into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. As per the report, Asia Pacific is expected to dominate the busbar protection market during the forecast period owing to the rise in demand for automated grid systems and enhancement in grid connectivity through the integration of IoT activities. Various policy support measures for exploration could boost investments in the market. The busbar protection market in countries such as China, India, Japan, Vietnam, Malaysia, Thailand, and Australia is likely to propel rapidly over the forecast period. For instance, China has large new installed generation and distribution capacity in the Asia Pacific region, resulting in increased demand for transmission and distribution infrastructure.
Prominent players operating in the bus bar protection market are profiled in this report and these include ABB, General Electric, Siemens AG, Schneider Electric, Caterpillar Inc., S&C Electric Company, Mitsubishi electric company, and Eaton Corporation.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. We are leaders in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: [email protected]