DUBLIN--(BUSINESS WIRE)--The "Busbar Protection Market by Voltage (Medium Voltage, High Voltage, and Extra High Voltage), Impedance (Low Impedance and High Impedance), End-User (Utilities, Industries, and Transportation), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The busbar protection market is projected to grow from an estimated USD 3.20 billion in 2018 to USD 4.31 billion by 2023, at a CAGR of 6.10%, from 2018 to 2023. The growth of the market is mainly attributed to the increasing investment in transmission & distribution network in countries such as China, India, and the US in the extra high voltage segment. Asia Pacific and North America are expected to be the largest markets for busbar protection during the forecast period.
Extra high voltage is the largest segment of the busbar protection market, by voltage type, in terms of value. Extra high-voltage power transmission infrastructure transmits the power generated by offshore wind and solar plants. The increasing installation of offshore wind farms and solar farms is creating an opportunity for busbar protection systems in the extra high-voltage segment.
Asia Pacific is projected to be the fastest growing market during the forecast period. This high growth rate can be attributed to increased investments in infrastructure development, T&D spending, growing focus on renewable sources of power generation, and infrastructural activities in the recent past. China has the highest installed generation & distribution capacity, resulting in an increased demand for transformers, which in turn, is likely to augment the demand for busbar protection systems.
- Schneider Electric
- Mitsubishi Electric
- Basler Electric
- Erlphase Power Technologies
- NR Electric
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Busbar Protection Market, By Voltage
7 Busbar Protection Market, By Impedance
8 Busbar Protection Market, By End-User
9 Busbar Protection Market, By Region
10 Competitve Landscape
11 Company Profiles
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