Thumbnail

Busbar Protection Market - Analysis by Voltage, Impedance, End-user, and Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Looking to buy the report?

Busbar Protection Market Growth

The busbar protection market is likely to grow in the near future, owing to increasing demand for power and rising need to augment the power infrastructure across the world. The power transmission and distribution (T&D) infrastructure is undergoing massive change on account of aging infrastructure in the regions which have remained underdeveloped. Apart from that, modernization of power infrastructure is envisaged, globally, on account of development of technological advancements pertaining to power systems.

The expansion in grid connectivity is being stressed upon in many countries in order to integrate the off-grid communities with grid electricity. Apart from that, off-grid power generation, especially in wind power segment, is growing at a robust pace, which is expected to provide a huge impetus to busbar protection market during the forecast period. The development of new power generation facilities requires availability of power evacuation systems. The growth in development of power plants is expected to foster demand for busbar protection across the world.

Technological Advancements is driving the Busbar market

Globally, the technological advancements pertaining to power systems is providing a huge impetus to the busbar protection market. The digital protective relay, which includes software-based protection algorithms for the detection of electrical faults is used as busbar protection system. Moreover, the development of digital protection relay has emerged as one of the major trends in the busbar protection market. Apart from that the technological advancements have led to integration of IT system with conventional power engineering which has resulted in replacement of old infrastructure with new ones, thus, fuelling the busbar demand.

Utilities Sector - Major End-user

The utilities sector is the major end user segment for busbar protection system owing to increasing development of power infrastructure. Utilities are major owner of power assets across the world, which makes it the major end user segment for busbar protection system. The utility companies have focused on upgrading the power infrastructure, which is expected to drive the busbar market. Moreover, the growth in development of power infrastructure i.e. generation, transmission and distribution assets by utility companies is expected to drive the market for busbar protection system in the coming years.

Asia-Pacific to Dominate the Busbar Protection Market Growth

The Asia-Pacific region is expected to dominate the market owing to increasing demand for electricity in the region. India has planned to build the longest 800kV ultra-high-voltage direct current (UHVDC) transmission line, which will have a length of 1,830 kilometers. The development of infrastructure and industrial growth coupled with rising disposable income in the region has led to surge in demand of electricity. The growth in population has led to increased urbanization in the region, which has led to growth in demand for electricity, which, in turn, has led to increase in requirement of power infrastructure. China and India are the major developing countries in the region which offers massive market opportunities for bus bar protection deployment.                                          

Key Developments in the Busbar Protection Market

  • April 2018: ABB Ltd won a contract of worth USD 90 million from Dubai Electricity and Water Authority (DEWA) for development of a substation that will integrate solar power from upcoming phases of the Mohammed bin Rashid Al Maktoum solar park into the city’s electrical grid
  • April 2018: Siemens AG was selected by Nepal Electricity Authority (NEA) for upgradation of its 15 year old Supervisory Control and Data Acquisition/Energy Management System (SCADA/EMS) at its Load Dispatch Center (LDC) located in Kathmandu

Major Players in Busbar Protection Market

  •  ABB Ltd. 
  • General Electric Company 
  • Siemens AG
  • Schneider Electric SE
  •  Eaton Corporation PLC
  • Mitsubishi Electric Corporation
  • Toshiba Corp
  • Basler Electric Company Inc.
  • Andritz AG
  • Erlphase Power Technologies Limited
  • NR Electric Co., Ltd.

Reasons to Purchase Busbar Protection Market Report

  • Current and future busbar protection market outlook in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of Busbar Protection Market Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

1. Executive Summary of Busbar Protection Market                 

2. Research Methodology                           

                2.1 Scope of the Busbar Protection Market Report

                2.2 Busbar Protection Market Definition    

                2.3 Study Assumptions of Busbar Protection Market

                2.4 Study Deliverables of Busbar Protection Market 

                2.5 Research Phases      

3. Busbar Protection Market Overview                       

                3.1 Introduction               

                3.2 Market Size and Demand Forecast until 2023              

                3.3 Recent Trends and Developments   

4. Market Dynamics                       

                4.1 Busbar Protection Market Drivers          

                4.2 Busbar Protection Market Restraints    

                4.3 Busbar Protection Market Opportunities            

5. Value Chain Analysis of Busbar Protection Market                

6. Industry Attractiveness - Porter’s Five Forces Analysis                              

                6.1 Bargaining Power of Suppliers            

                6.2 Bargaining Power of Consumers       

                6.3 Threat of New Entrants         

                6.4 Threat of Substitutes             

                6.5 Intensity of Competitive Rivalry        

7. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023)                

                7.1 Busbar Protection Market By Voltage  

                                7.1.1 Medium Voltage

                                7.1.2 High Voltage

                                7.1.3 Very high Voltage

                7.2 Busbar Protection Market By Impedance           

                                7.2.1 High Impedance

                                7.2.2 Low impedance

                7.3 Busbar Protection Market By End-user

                                7.3.1 Industries

                                7.3.2 Utilities

                                7.3.3 Transportation

8. Busbar Protection Market Regional Analysis (Overview, Market Size and Demand Forecast until 2023)                    

                8.1 North America          

                                8.1.1 United States

                                8.1.2 Canada

                                8.1.3 Rest of North America

                8.2 Europe         

                                8.2.1 United kingdom

                                8.2.2 Germany

                                8.2.3 France

                                8.2.4. Russia

                                8.2.5 Rest of Europe

                8.3 Asia-Pacific 

                                8.3.1 China

                                8.3.2 India

                                8.3.3 Japan

                                8.3.4 South Korea

                                8.3.5 Indonesia

                                8.3.6 Rest of Asia-Pacific

                8.4 South America          

                                8.4.1 Brazil

                                8.4.2 Argentina

                                8.4.3 Rest of South America

                8.5 Middle East & Africa

                                8.5.1 Saudi Arabia

                                8.5.2 UAE

                                8.5.3 Nigeria

                                8.5.4 South Africa

                                8.5.5 Egypt

                                8.5.6 Rest of Middle East & Africa

9. Busbar Protection Market Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View)                               

                9.1 ABB Ltd.       

                9.2 General Electric Company    

                9.3 Siemens AG

                9.4 Schneider Electric SE               

                9.5 Eaton Corporation PLC           

                9.6 Mitsubishi Electric Corporation          

                9.7 Toshiba Corp              

                9.8 Basler Electric Company Inc.

                9.9 Andritz AG  

                9.10 Erlphase Power Technologies Limited          

                9.11 NR Electric Co., Ltd.               

10. Competitive Landscape of Busbar Protection Market                         

                10.1 Mergers and Acquisitions  

                10.2 Joint Ventures, Collaborations, and Agreements    

                10.3 Strategies Adopted by Leading Players        

11. Appendix                    

                11.1 Contact Us

                11.2 Disclaimer 

                *List not Exhaustive                       

                **Subject to availability on public domain                           

Looking to buy the report?

Need a report that reflects how COVID-19 has impacted this market and its growth?

Looking to customize report?

Email

Message

By submitting, you confirm that you agree to our privacy policy