In electrical power distribution, a busbar (also spelled bus bar, or sometimes as buss bar or bussbar, with the term bus being a contraction of the Latin omnibus, “for all”, is a metallic strip or bar (typically copper, brass or aluminium) that conducts electricity within a switchboard, distribution board, substation, battery bank, or other electrical apparatus. Busbar is an electrical conductor that carries large current, especially one that is part of a power distribution system; typically a thick strip, or a tube. Busbars are used to carry substantial electric currents over relatively short distances; their greater surface area (compared to a wire of the same weight) reduces losses due to corona discharge.
The material composition and cross-sectional size of the busbar determine the maximum amount of current that can be safely carried. Busbars can have a cross-sectional area of as little as 10 square millimetres (0.016 sq in), but electrical substations may use metal tubes 50 millimetres (2.0 in) in diameter (20 square millimetres (0.031 sq in)) or more as busbars.
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Global demand of Copper Busbar has maintained steady growth, the growth rate is around 1.5%, and similar to production growth. Copper Busbar major type is OFCopper Busbar and ETPCopper Busbar. Downstream applications field include Industrial Buildings, Commercial Building and Civil Building, these industries development rapidly, this industries demand for fastener and shaped pieces are constantly increasing, indirectly stimulating the market demand of Copper Busbar, and stimulate the development of Copper Busbar industry.
Despite the presence of competition problems, the global recovery trend is clear, Copper Busbar retains its advantage in fastener and shaped pieces produce, investors are still optimistic about this area; the future will still have more new investment enter the field. Although sales of Copper Busbar brought a lot of opportunity, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Copper Busbar field.
According to this study, over the next five years the Copper Busbar market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 4810 million by 2024, from US$ 4210 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Copper Busbar business, shared in Chapter 3.
Leading Copper Busbar Market Players
Storm Power Components
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– To study and analyze the global Copper Busbar consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
– To understand the structure of Copper Busbar market by identifying its various subsegments.
– Focuses on the key global Copper Busbar manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
– To analyze the Copper Busbar with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
– To project the consumption of Copper Busbar submarkets, with respect to key regions (along with their respective key countries).
– To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
– To strategically profile the key players and comprehensively analyze their growth strategies.
This study considers the Copper Busbar value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
ETP (Electrolytic Tough Pitch Copper Busbar)
OF (Oxygen-free Copper Busbar)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Global Copper Busbar Market – Regional and Geographical Segment
Middle East & Africa
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Reason to Buy
- This report provides in depth analysis for changing competitive dynamics and keeps you ahead of competitors
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a ten-year forecast assessed on the basis of how the market is expected to grow
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of various market segments
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