According to a market report by Lucintel, the future of the global compact busway market looks promising with opportunities in the industrial, commercial, and residential markets. The global compact busway market is expected to grow with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are growing infrastructure development in sectors like data centers, hospitals, airports, and commercial buildings and increasing integration of renewable energy sources like solar and wind into the power grid systems.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in compact busway market to 2030 by type (copper busway and aluminum busway), application (industrial, commercial, residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, copper busway and aluminum busway are the major segments of compact busway market by type. Lucintel forecasts that copper busway is expected to witness higher growth over the forecast period.
Within this market, industrial is expected to witness the highest growth.
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North America is expected to witness the highest growth over the forecast period.
Schneider Electric, ABB, Siemens, LS Electric, Eaton, Huapeng, Wetown Electric, Gordon Kitto, Guangle Electrical Busway, and Chint Electrics are the major suppliers in the compact busway market.l
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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