The Global Busbar Protection Market estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 4% over the analysis period 2021-2027.
Busbar protection is a protection scheme for protecting busbars from electrical faults. The various feeders are connected to the bus bar through circuit breakers in all bus configurations. Busbar protection schemes incorporate busbar differential relays, which can be high impedance or low impedance differential relays. Busbar protection schemes vary and by number, the most popular are differential protection, frame earth protection, reverse blocking/interlocking protection.
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Market Segments
By Voltage
- Medium Voltage
- High Voltage
- Extra-High Voltage
By Impedance
- Low Impedance
- High Impedance
By End-User
- Utilities
- Industries (Oil & Gas, Metal & Mining, and Cement and Chemicals)
- Transportations (Railways and Metros)
Key Players
The key players in the busbar protection market include ABB (Switzerland), Schneider Electric (France), GE (US), Siemens (Germany), Mitsubishi Electric (Japan), NR Electric (China), Toshiba (Japan), Eaton (Ireland), and ZIV (Spain).
Scope of the Report
The research study analyzes the global Busbar Protection industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Busbar Protection Market Report
1. What was the Busbar Protection Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Busbar Protection Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Busbar Protection Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Busbar Protection market.
- The market share of the global Busbar Protection market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Busbar Protection market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Busbar Protection market.
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