The global copper busbar and profiles market was valued US$ X.48 Bn in 2019 and estimated to grow at CAGR of 27.10 %, to reach US$ XX Bn. during the forecast period of 2020 to 2027.
Global Copper Busbar and Profiles Market
Copper busbars and profiles are widely applied in low voltage distribution systems and in presence of high current control equipment. It offers numerous applications in various sectors such as switchboards, low and medium voltage switchgear, panel boards bus-way systems, and more. A busbar is available in the form of a metallic strip and is prominently employed in power distribution systems, while busbars link panel boards and low voltage equipment in battery banks.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Market Drivers and Restraints:
The major factors driving the global copper busbars and profiles market are amplified use of copper busbars and profiles in the electrical and power equipment subdivision and increased usage of copper in numerous industries owing to its striking properties. In context of electrical power delivery, a copper busbar plays a vital role in panel boards and busway enclosures and switchgear, local high current power distribution. Another beneficial characteristic delivered by copper comprises of high mechanical strength in tension, high resistance to corrosion, high resistance to fatigue failure, ease of fabrication, low electrical resistance of surface films and low thermal and electrical resistance. Thus, busbars are frequently engineered using aluminum or copper particularly when considering strength and conductivity, copper is superior to aluminum.
Additionally, properties of copper such as conductivity and growth in the power generation and electrical equipment segment is assessed to augment the development of the market. Moreover, rise in population and industrialization has increased the requirement for electricity. Hence, this has initiated the setup of power generation plants and broadcast together with distribution projects across the globe. Therefore, extension in these trades is likely to lift the demand for copper busbar and profiles across the listed industries which will boost the market demand in the coming years.
Furthermore, presence of number of suppliers in the market is the main reason to create fluctuation in the cost of raw materials which will pull the market growth. Additionally, presence of substitutes in the market is also expected to hinder the market growth in the coming years.
Copper Busbar and Profiles Market Segment analysis:
By application segment, the power distribution channel sector is expected to show constant growth during the estimated year. Copper Busbar and Profiles are an invaluable tool in the power generation industry owing to high demand in the residential as well industrial sector in Asia Pacific. Requirements of developed technology by the growing population is expected to boost the global copper busbar and profiles market in the coming years. Availability of numerous type of system by the key vendors to attract the customers is expected to remain major growth factor, since it is largely accepted by the power generating firms and based plants, is boosting the market growth and expected to show constant growth with XX% CAGR by 2027.
Copper Busbar and Profiles Market Regional Analysis:
Regionally, Asia Pacific region is expected to dominate the overall copper busbar and profile market growth in the coming years thanks to the growth and development in the power based equipment and other product such as switchboards, motor, generators, transformer and other sector with estimated XX % CAGR and have registered a market share of 40-50%. Rapid urbanization and industrialization in China are showing high demand for the copper busbar and profiles for their production purposes using this material. The market size was calculated US$ XX Bn at a CAGR of X.25% in 2019 and expected to show lucrative growth by 2027.
Secondly, North America is expected to dominate the copper busbar and profiles market and is expected to grow at a CAGR of XX % during the forecast period. Developed regions like U.S, and Canada are considered major contributors for the copper busbar and profiles market growth in the North American region. In 2019 market size was valued US$ XX Bn while in U.S, market size was valued XX Bn and expected to increase by US$ XX Bn in the coming years.
The objective of the report is to present a comprehensive analysis of the Global Copper Busbar and Profiles Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Copper Busbar and Profiles Market dynamics, structure by analysing the market segments and project the Global Copper Busbar and Profiles Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Copper Busbar and Profiles Market make the report investor’s guide.
Scope of Copper Busbar and Profiles Market
Global Copper Busbar and Profiles Market Finish, by Type
• Copper Busbar
• Copper Profiles
Global Copper Busbar and Profiles Market, by Application
• Power Distribution Channel
• Motors and Generators
• Heat Sinks
Global Copper Busbar and Profiles Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Copper Busbar and Profiles Market,
• ElvalHalcor Hellenic Copper and Aluminum Industry S.A
• Etablissements Gindre Duchavany S.A
• American Power Connection Systems, Inc
• Oriental Copper Co., Ltd
• Schneider Electric SE
• Watteredge LLC
• Sofia Med SA
• Gonda Metal
• Metal Gems
• EMS Industrial
• Storm Power Components
• Aurubis AG
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