Busbar consists of a
strip of conductor made of aluminum or copper, supported by insulators that can
connect the electrical loads and power supply in an integrated electrical
network. It has a range of applications majorly in switchgears, distribution
panels, switchboards, and any establishments that require the consumption of
electric power.
The busbar conducts
electricity within a switchboard, distribution board, substation, battery bank,
or the other electrical apparatus. Busbars are used to carry substantial
electric currents over relatively short distances. Their greater surface area
reduces losses due to corona discharge. Busbars are not normally structural
members. The material composition and cross sectional size of the busbar
determines the maximum amount of current that can be safely carried.
Higher concerns
regarding energy efficiency with preference for busbars over cables due to
their low cost are the factors expected to drive the market size. Integration
of wind power technology in global power generation mix coupled with emergence
of smart & green cities are the key factors that will boost the growth of
market size.
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Asia Pacific is
expected to be the fastest growing market for busbar market. Increasing focus
on energy efficiency and growing energy consumption due to urbanization and
industrial growth in this region is high; which will drive the Asia Pacific
Busbar market from 2014 to 2025.
The Asia Pacific
region holds the largest market for busbar trucking system; driven by huge
investments in smart cities, green constructions, high rise buildings, and
transportation infrastructure; especially in the South East Asian region. The
other major factors include increasing power demand industrialization and
urbanization, and rapid development in the commercial sector in countries such
as China, India, Japan, and South Korea.
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