Europe Copper Busbar Market 2022-2028
MARKET OUTLOOK
According to Triton's research report, the copper busbar market in Europe is expected to grow at a CAGR of 8.01% during the forecast period 2022-2028. The countries studied in the market in this region include the United Kingdom, France, Germany, Spain, Italy, and Rest of Europe.
In Europe, copper busbars are widely preferred due to higher current applications that require superior built-in corrosion resistance. The growing ability to withstand load surges will likely drive the demand for copper busbars during the forecast period.
Germany has started initiatives such as the 7th Energy Research Program, SINTEG, KOPERNIKUS, and the Development of Digital Technologies in smart grids and renewable energy. These programs cover intersystem research areas such as resource efficiency, energy system analysis, materials research, CO2 approaches, and social challenges of the energy transition. All of these programs place a strong emphasis on the research, development, and presentation of novel energy technology. Increased R&D work to find new applications for Copper Busbar aid in the growth of the country's market.
France's copper busbar market is expected to grow due to rising investments in green building infrastructure to reduce GHG emissions and favorable policies to promote energy-efficient technology. Furthermore, the copper busbar market landscape will be augmented by the growing demand for environmentally friendly methods of moving large loads of current with the least loss.
COMPETITIVE OUTLOOK
The prominent players in the copper busbar market include Aurubis AG, Eaton Corporation plc, Siemens Aktiengesellschaft, Luvata, Sofia Med SA, Promet AG, and Lafer Iberica Srl.
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