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The United States busbar market is currently witnessing moderate growth. Busbar is an electrical junction that collects electric current from the incoming feeders and distributes it to the outgoing feeders. It comprises a circuit breaker that trips off in the event of0 a fault and disconnects itself from the busbar. It offers cost-efficient and fast installation services with no downtime and makes the power distribution process easier, flexible and hassle-free. Consequently, it is extensively utilized in factories, data centers, retail facilities, hospitals, laboratories, universities, metros and railways in the United States.
With the rising environmental concerns, there is an increase in the adoption of renewable energy sources for generating power in the US. On account of the growing requirements of different industries and enterprises, power consumption is increasing significantly, which, in turn, is impelling the market growth. Moreover, the growing warehouse and storage facilities in the country is resulting in the escalating demand for busbars with low power ratings. Besides this, the Government is planning to upgrade the existing transmission and distribution (T&D) infrastructure, which is expected to create a positive outlook for the market growth. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the United States busbar market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, power rating, conductor, end-user and industry.
Breakup by Power Rating:
Breakup by Conductor:
Breakup by End User:
Breakup by Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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