MIDDLE EAST, NORTH AFRICA, AND PAKISTAN BUS BAR MARKET ANALYSIS

Bus bars are extensively used in high current power supply, low voltage distribution, and control equipment, owing to its compact design. Due to the compact designs, bus bars require lesser space than conventional cabling systems. Furthermore, bus bars are used in various conductor types such as, panel boards, switchboards, bus-way systems, and low & medium voltage switchgear, among others.

Different bus bar systems such as double bus double breaker arrangement, main and transfer bus arrangement, and single bus-bar arrangement are easy to install and operate. Thus, high-rise buildings used for residential or commercial purposes prefer to use bus bars instead of conventional cabling. Furthermore, bus bars have significant advantages over cable such as, minimum spatial volume, improved electrical performance, ease of maintenance, fast installation, and energy savings in data center operation.

Market Dynamics

Bus bars are used in power infrastructure such as switchgear, substations, transformers, and other transmission and distribution (T&D) equipment. Bus bars are essential components in electrical power grids as these can decrease power loss by reducing the corona effect. The bus bar market is expected to exhibit growth at significant pace, owing to rising electricity demand from countries in the Middle East such as Saudi Arabia and the UAE. To meet the electricity demand, the Saudi Arabia is estimated to increase its power generation capacity from 77 GW in 2014 to 156 GW by 2040, according to Coherent Market Insights. In addition to this, in January 2014, ABB Ltd. received an order of US$ 60 million for substations that will boost the transmission capacity as well as supply electricity to King Abdullah Economic City (KAEC).

Furthermore, in MEA region, investment in power infrastructure is growing, with rising demand for electricity. For instance, in December 2018, Larsen & Toubro Limited (L&T), an Indian multinational conglomerate company, won a major order for the construction of 115kV substations with associated cable circuits and transmission lines in Saudi Arabia. The orders are for construction and other engineering job for power transmission and distribution (T&D) project. These projects either involve setting up of new plants and T&D network, leading to an increased demand for bus bars.

The price of copper depends on the ability of copper suppliers to extract and transport the product, as well as demand for goods and services that use copper. According to the International Monetary Fund (IMF) outlook 2018, an international organization, in 2017, the average price of copper was US$ 6,166 per metric ton compared to US$ 6,523 per metric ton in 2018. Furthermore, due to high fluctuations in copper and aluminum prices, key bus bar vendors have to use a major share of their manufacturing cost for acquiring these raw materials. According to Coherent Market Insights’ analysis, the total cost of copper and aluminum metals account for roughly 50% of the total production cost. The cost variations in the supply chain becomes critical for manufacturers, as there is no product differentiation and the price of a product determines the dominance of a supplier in the market. Hence, fluctuations in raw material prices is one of the major factors which is expected to hamper the market growth during forecast period.

Key features of the study

• This report provides in-depth analysis of Middle East, North Africa, and Pakistan bus bar market size (USD Mn) and compound annual growth rate (CAGR %) for the forecast period (2019– 2027), considering 2018 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players.
• It profiles leading players in the Middle East, North Africa, and Pakistan bus bar market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans.
• Companies covered as a part of this study include Eaton Corporation, Hyundai Electric & Energy Systems, Luvata, Siemens AG, Mitsubishi Electric Corporation, General Electric, ABB Limited, Hitachi Ltd., Fuji Electric, Schneider Electric, Hyosung Corporation, Nexans S.A, Furukawa Electric Co., LTD., and Bahra Electric.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics.
• The Middle East, North Africa, and Pakistan bus bar market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Distributed fiber optic sensor market.

Market Segmentation

• Size Insights (Revenue, USD MN, 2020 - 2032)
  • 25 x X (1.60, 2.00, 3.00)
  • 40 x X (2.00, 2.50, 3.00, 4.00)
  • 60 x X (5, 10, 12)
  • 80 x X (3.00, 4.00, 5.00, 6.00)
  • 100 x X (5.00, 8.00, 10.00, 12.00)
  • Others
• Type Insights
  • Bare Copper Bus Bar
  • Aluminum Bus Bar
  • Tin Plated Bus Bar
• Application Insights
  • Distribution
  • Substation
  • Motor Control
  • Others
• Key Players Insights
  • Eaton Corporation
  • Nexans S.A
  • Siemens AG
  • General Electric
  • ABB Limited