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Medium Power Busbar Market Share

Report ID: GMI9504
Published Date: May 2024
Report Format: PDF

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Medium Power Busbar Market Share

Medium Power Busbar Company Market Share Analysis, 2023

ABB Group holds a significant share due to a combination of strategic factors. The company offers an extensive range of busbar systems catering to various sectors, including industrial, commercial, and residential, meeting diverse customer needs. Furthermore, strategic partnerships and acquisitions enable the company to strengthen its product offerings, expand its customer base, and tap into new market opportunities.

Medium Power Busbar Market Companies

Some of the key market players operating across the medium power busbar industry are:

ABB
C&S Electric Company
Chint Group
Eaton Corporation Plc.
Friedhelm Loh Group
General Electric
Legrand S.A.
Mersen S.A.
Rittal GmbH & Co. KG
Rogers Corporation
Schneider Electric SE
Siemens AG
TE Connectivity
Vertiv Group Corp.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Medium power busbar market was worth USD 7.9 billion in 2023 and will continue to grow at 4.9% CAGR from 2024 to 2032, owing to the surging demand for efficient power distribution solutions across industries.

The commercial segment will grow at over 4% CAGR from 2024 to 2032, driven by the rise in urbanization and growth of commercial spaces including office buildings, shopping malls, and data centers.

Asia Pacific medium power busbar market size will exceed USD 5 billion by 2032, attribute to the growing focus on renewable energy and sustainable infrastructure development.

ABB, C&S Electric Company, Chint Group, Eaton Corporation Plc., Friedhelm Loh Group, General Electric, Legrand S.A., Mersen S.A., Rittal GmbH & Co. KG, Rogers Corporation, Schneider Electric SE, Siemens AG, TE Connectivity, and Vertiv Group Corp.