Dublin, Nov. 06, 2020 (GLOBE NEWSWIRE) -- The "Busbar Protection - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global busbar Protection Market accounted for $3.55 billion in 2019 and is expected to reach $6.62 billion by 2027, growing at a CAGR of 8.1% during the forecast period.
Increasing investments in transmission and distribution infrastructure and operational benefits of busbar protection relays are the major factors driving the market growth. However, a delay in grid expansion projects is restraining the market growth. Moreover, adoption of HVDC technology and increased investments in smart grids and energy systems would provide ample opportunities for the market growth.
Busbar protection is a protection scheme meant to protect the busbar from an electrical fault. Various feeders are connected to a busbar through circuit breaker in any of the bus configuration. Busbar protection scheme incorporates busbar differential relay which may either be high impedance or low impedance differential relay. There are different and the number of busbar protection schemes, the most popular amongst are differential protection, frame-earth protection, reverse-blocking/interlocking protection.
Based on impedance, the low impedance segment is likely to have a huge demand due to increasing investment in the smart grid and smart substation. Modern microprocessor-based low-impedance busbar protection relays utilize sophisticated algorithms to detect faults in the bus bar schemes. The system can be configured as de-centralized busbar protection system and centralized busbar protection system. By geography, Asia-Pacific is going to have a lucrative growth during the forecast period.
The growth of the Asia-Pacific busbar protection market can be attributed to the increasing investment in grid expansion projects from countries such as China, Japan, and India.
Some of the key players profiled in the busbar Protection Market include ABB, Andritz, basler Electric, benchmarking, Eaton, Erlphase Power Technologies, GE, Mitsubishi Electric, NR Electric, Schneider Electric, SEL, Siemens, Toshiba and ZIV.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End-user Analysis
3.7 Emerging Markets
3.8 Impact of COVID-19
4 Porters Five Forces Analysis
4.1 Bargaining Power of Suppliers
4.2 Bargaining Power of Buyers
4.3 Threat of Substitutes
4.4 Threat of New Entrants
4.5 Competitive Rivalry
5 Global Busbar Protection Market, By Type
5.1 Introduction
5.2 Centralized
5.3 Decentralized
6 Global Busbar Protection Market, By Conductor
6.1 Introduction
6.2 Aluminum
6.3 Brass
6.4 Copper
7 Global Busbar Protection Market, By Impedance
7.1 Introduction
7.2 High Impedance
7.3 Low Impedance
7.4 Medium Impedance
8 Global Busbar Protection Market, By Voltage
8.1 Introduction
8.2 Extra High Voltage
8.3 High Voltage (Above 801 A)
8.4 Low Voltage (Up to 125 A)
8.5 Medium Voltage (126 A to 800 A)
9 Global Busbar Protection Market, By Sales Channel
9.1 Introduction
9.2 Distributor
9.3 Direct Sales
10 Global Busbar Protection Market, By End-user
10.1 Introduction
10.2 Utilities
10.3 Residential
10.4 Transportations
10.4.1 Metros
10.4.2 Railways
10.5 Industries
10.5.1 Cement and Chemicals
10.5.2 Metal & Mining
10.5.3 Oil & Gas
11 Global Busbar Protection Market, By Geography
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launches
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 ABB
13.2 Andritz
13.3 Basler Electric
13.4 Benchmarking
13.5 Eaton
13.6 Erlphase Power Technologies
13.7 GE
13.8 Mitsubishi Electric
13.9 NR Electric
13.10 Schneider Electric
13.11 SEL
13.12 Siemens
13.13 Toshiba
13.14 ZIV
For more information about this report visit https://www.researchandmarkets.com/r/1whjjz
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