Busway Market Size, Segments, and Trends by 2031
Busway Market: Strategic Insights
Busway Market
-
CAGR (2023 - 2031)11.9 % -
Market Size 2023
US$ 8.45 Billion -
Market Size 2031
US$ 20.76 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Demand for Electricity to Favour the Market
FUTURE TRENDS
- Demand for Sustainable Transportation Solutions
OPPORTUNITIES
- Growing Industrialization
Key Players
- Schneider Electric
- Siemens
- Eaton
- LS Cables and Systems
- Power Plug Busduct Sdn Bhd
- ABB
- Powerwell
- Honeywell International Inc
- FURUKAWA ELECTRIC CO LTD
- WOER
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Types
- Air Splicing Busway
- Intensive Insulation Plug Busway
- High Strength Enclosed Busway
Application
- Commercial Buildings
- Residential Buildings
- Industrial Infrastructure