Industries > Energy > Global Busbar Protection Market Report 2019-2029

Global Busbar Protection Market Report 2019-2029

Analysis by Voltage (Medium Voltage, High Voltage, Extra High Voltage), by Impedance (Low Impedance, High Impedance), by End User (Utilities, Industries, Transportation), Company and Country Analysis and Forecasts

PAGES: 302
PRODUCT CODE: ENE0200
SUBMARKET: Electric Power

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Market Definition:
• Busbar play a significant role in power transmission and distribution. It is employed as a central distribution point for all feeders.
• In the case of a fault, current on the busbar becomes high, resulting to mechanical destruction, which would affect all feeders.

Market Overview and Trends
• High speed operation, reliability and stability are the major parameters in terms of selecting a busbar protection.
• The second zone distance protection relays on incoming feeder, with operating time of 0.3 to 0.5 seconds have been applied for busbar protection.
• Extra high-voltage power transmission infrastructure transmits the power generated by Medium Voltage wind and solar plants.

Market Dynamics:

Factors Influencing the Market Growth:
• Significant rise in the investment to modernize the transmission & distribution infrastructure and surge in prominence on renewable energy sources across the globe are driving the busbar protection market.
• Expansion of digital protection relay is a major factor propelling the busbar protection market growth.
• Considerably growing per capita electricity consumption and development of digital protection infrastructure is further fuelling the market growth.

Factors Restraining the Market Growth:
• High capital investment
• Delay in grid expansion projects

Market Segmentation 2019-2029:

Voltage
• Medium Voltage Market, 2019-2029
• High Voltage Market, 2019-2029
• Extra High Voltage Market, 2019-2029

Impedance
• Low Impedance Market
• High Impedance Market

End User
• Utilities Market, 2019-2029
• Industries Market, 2019-2029
• Transportation Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East Market, 2019-2029
• Africa Market, 2019-2029

Competitive Analysis:
• Increased investments in smart grids and energy systems by the major key players.
• Companies are strategically expanding their global presence and offering improved busbar protection technology across various sectors.

Major Market Players:
• ABB, GE, Schneider Electric, Siemens, Mitsubishi Electric, Eaton Corporation Plc, Babcock & Wilcox Enterprises, Inc., Rosedale Products Inc., Basler Electric, and Erlphase Power Technologies is also provided in this report.

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CCR Ref number: KD4R6

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