Posted On: 2020-03-24
Industrial application acquired the largest revenue share in the overall India bus duct trunking system market- 6Wresearch
Rising electrification transmission solutions due to rapid infrastructural development in the industrial and commercial sectors would fuel the demand for bus duct trunking system market in India. renovation and expansion of existing transportation network and development of new highways, railway links, airports would contribute to the growth of bus duct market in India.
According to 6Wresearch, India Bus Duct Trunking System Market size is projected to grow at a CAGR of 5.7% during 2020-2025. Development in the country’s commercial sector on account of construction of new hospitals and malls such as Supertech SuperNova, Indiabulls House, Supertech Astralis would fuel the growth of bus duct trunking system in the country over the years to come. Moreover, the ever-increasing fire incidents in commercial and manufacturing establishments have raised a concern in India, which increases the scope of technological advancement in the electrical transmission involved in the establishments mentioned above; these factors would spur the demand for bus duct trunking systems in the country.
According to Akshay Thakur, Senior Research Analyst, Research and Consulting, 6Wresearch, “Industrial application acquired the largest revenue share in the India bus duct trunking system market owing to upcoming industrial projects such as Safran Aircraft Engines (Hyderabad), Multimodal Logistics Park (Maharashtra), Nuclear Power Plant (Maharashtra). Moreover, industrial projects such as the establishment of a defense equipment manufacturing hub in Tamil Nadu by a joint venture between the GMR Group and Tamil Nadu Industrial Development Corporation would trigger demand for more electrification solutions, which would bode well for the demand for bus duct trunking system over the coming years.”
According to Siddharth Saxena, Research Associate, Research and Consulting, 6Wresearch, “The medium power range would dominate the power range segment of the bus duct trunking system market on the back of growing industrialization in the country over the coming years. Additionally, growing acceptance for busbar and increasing prices of high efficiency cables would act as a prime booster for the growing demand for bus duct trunking system across commercial and industrial applications.”
Some of the major companies in India bus duct trunking system market include Larsen & Toubro, Eaton, Godrej & Boyce, Schneider and C&S Electric Limited.
" India Bus Duct Trunking System Market “(2020-2025)" report provides an in-depth analysis with 40 figures and 10 tables covered in over 134 pages. The report estimates and forecast the overall India bus duct trunking system market by insulation, power range, conductor, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.