Busbar Trunking Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The busbar trunking market is expected to grow at a CAGR of more than 5% over the period of 2020-2025. Factors such as an increase in power consumption, multiple operations such as for power transmission, distribution and lighting, and technical advantages of busbar trunking, along with a rising focus on distributed power generation, are expected to drive the market in the forecast period. However, the high cost of busbar trunking systems, making them unviable for small and medium enterprises is likely to restrain the growth of the busbar trunking market in the coming years.
Key HighlightsThe busbar trunking market is highly fragmented. Some of the key players in this market include Larsen & Toubro Limited, Eaton Corporation PLC, General Electric Company, Schneider Electric SE, and Siemens AG.
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