Bus Bar Terminal Market – Introduction
Bus bar terminals are widely used as an essential part of electrical power distribution systems, switchgear, and panel boards that operates under high voltage condition. Bus bars are the backbone of electrical power distribution system as it plays vital role in transferring electrical power by connecting multiple terminals of equipment with a bus bar terminal for distributing power from a supply point to a number of output circuits. The use of bus bars saves assembly time by discarding the need of connecting individual wire to each terminal. The bus bar terminals are used to connect equipment operating at high voltage to electrical switchgear as well as equipment operating at low voltage to battery banks. Additionally, bus bar terminals are used in electrical power distribution systems as it offer benefits such as high flexibility, high durability, trouble free installation process, and good heat dissipation rate. The bus bar system consist of circuit breaker and isolator. When fault occurs in a system, then the circuit breaker is tripped off and the faulty section of bus bar is disconnected from the system.
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Bus Bar Terminal Market – Competitive Landscape
Founded in 1847, Siemens is headquartered in Munich, Germany. The company is a pioneer in infrastructure and energy solutions, automation and software for industry. The company manufactures high voltage bus bar terminal, turbo compressor, steam turbines, relays and smart grid systems, and bus bar terminal among others. The company manufactures easy to assemble and flexible bus bar terminal for electric power distribution. The company has around 379,000 employees.
ABB is a global player in manufacturing of electrification, industrial automation, motion, and robotics & discrete automation products. The company’s electrification business offers a wide range of products that includes wiring accessories, switchgear, cabling, phase shifting transformers, enclosures, sensing, and control. The company offer secure and reliable low power bus bar terminal with high flexibility for power distribution and industrial applications.
Schneider Electric is located in Rueil-Malmaison, France. The company provides energy management and automation solutions worldwide. The company operates through four segments namely low voltage, medium voltage, secure power, and industrial automation. The company manufacture wide range of copper or aluminum bus bar systems.
Some of the key players operating in the global bus bar terminal market with significant developments include Eaton, ABB, Schneider Electric, Siemens, TE Connectivity, Molex, LLC, Legrand S.A., Blue Sea Systems, elmex Controls Pvt Ltd., Connectwell, Seastrom Manufacturing Co., Inc., Seastrom Manufacturing Co., Inc., Havells India Ltd., and Bhumi Brass & Alloy among others.
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Bus Bar Terminal Market – Dynamics
Increasing use of Bus Bar Terminal in Power Distribution Systems
One of the major driving factors for the growth of global bus bar terminal market is increasing use of bus bars in power distribution systems. In power distribution system, bus bar terminals are used to distribute high voltage power to various equipment with the help of multiple terminals. Additionally, the use of bus bar terminal is an ideal and cost effective solution for switching and installation devices process owing to its compact design, small footprint, and quick assembly contacts. In power distribution system, when fault occurs, the bus bar terminal tripped off and the faulty section of the bus bar is disconnected. Hence, owing to benefits offered by bus bar terminal such as cost efficiency, secure and reliable, compact design, and good heat dissipation rate are major factors fueling the adoption of bus bar terminal in power distribution systems.
Rising Adoption of Bus Bar Terminal in Electric Vehicle
The governments of various countries are focusing on adoption electric vehicles as the use of electric vehicles plays an important role to reduce the pollution by using clean energy source. In electric vehicles, bus bar terminals are used for distribution of electric power efficiently. Bus bar terminals used in electric vehicles are designed and manufactured to meet the shock and vibration requirements of the vehicle. Moreover, the use of bus bar terminals are easy to install and secure and reliable owing to which they are being used in electric vehicle. As a result of this, with increasing adoption of electric vehicles the demand of bus bar terminal is expected to rise in coming years.
Bus Bar Terminal Market – Segmentation
The bus bar terminal market can be bifurcated on the basis of:
- Metal Type
Bus Bar Terminal Market Segmentation – By Metal Type
On the basis of the metal type, the bus bar terminal market can be divided into:
- Copper Bus bar
- Aluminum Bus bar
Bus Bar Terminal Market Segmentation – By Application
Depending on the application, the bus bar terminal market can be divided into:
- Power Conversion
- Electric Vehicles
- Cable Access Television
- Motor Controls
- Medical Equipment
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