The research study covers the present scenario and growth prospects of the copper busbars and profiles market in EMEA for 2017-2021. To calculate the market size, Technavio analysts consider the volume through the sales of copper busbars and profiles in key applications in EMEA.
The busbar market is poised to grow during the forecast period owing to the developments in the power sector in EMEA. Busbars are used in power infrastructure such as switchgear, transformers, substations, and other transmission and distribution (T&D) equipment. With rising demand for electricity worldwide, investment in such infrastructure is growing. The global power sector expects a rise in power generation and T&D projects. These projects either involve setting up of new plants and T&D network, or expanding and revamping of the same, leading to an increased demand for busbars.
Read more: Copper Busbars and Profiles Market in EMEA to Grow at a Moderate Rate Until 2021