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Busbar Protection Market by Voltage (Medium Voltage, High Voltage, and Extra High Voltage), Impedance (Low Impedance and High Impedance), End-User (Utilities, Industries, and Transportation), and Region - Global Forecast to 2023

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Date: 12-Apr-2018
No. of pages: 137
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“The busbar protection market is projected to grow at a CAGR of 6.10%, from 2018 to 2023.”

The busbar protection market is projected to grow from an estimated USD 3.20 billion in 2018 to USD 4.31 billion by 2023, at a CAGR of 6.10%, from 2018 to 2023. The growth of the market is mainly attributed to the increasing investment in transmission &distribution network in countries such as China, India, and the US in the extra high voltage segment.Asia Pacific and North America are expected to be the largest markets for busbar protection during the forecast period.Modernization of existing transmission &distribution network in developed countries of Europe and North America, along with operational benefits of low impedance busbar protection system such as dynamic bus replica, protection, external-monitoring self-monitoring, and remote access of busbar,is expected to create the demand for the busbar protection market during the forecast period.Delays in grid expansion projects due to government regulations and environmental clearances is the main restrain for the busbar protection market.

“Extra high-voltage segment is expected to hold the largest share of the busbar protection market, by type, during the forecast period.”

Extra high voltage is the largest segment of the busbar protection market, by voltage type, in terms of value. Extra high-voltage power transmission infrastructure transmits the power generated by offshore wind and solar plants.The increasing installation of offshore wind farms and solar farms is creating an opportunity for busbar protection systems in the extra high-voltage segment.

“Asia Pacific: The fastest market for busbar protections.”

Asia Pacific is projected to be the fastest growing market during the forecast period. This high growth rate can be attributed to increased investments in infrastructure development, T&D spending, growing focuson renewable sources of power generation, and infrastructural activities in the recent past.China has the highest installed generation &distribution capacity, resulting in an increased demand for transformers, which in turn, is likely to augment the demand for busbar protection systems.Moreover, the focus of the governments to increase the power generation capacity by using conventional as well as renewable energy sources has further supported the growth of the market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:


  • By Company Type: Tier 1—44%, Tier 2—30%, Tier 3—26%

  • By Designation: C-Level—46%, D-Level—27%, Others—27%

  • By Region: North America—34%, Europe—20%, Asia Pacific—27%, South America—8%, Middle East& Africa—11%,


Note: The tier of the companies has been defined on the basis of their total revenue as of 2016: Tier 1 = > USD 5 billion, Tier 2 = From USD 1 billion to USD 5 billion, and Tier 3 = < USD 1 billion

The key players in the busbar protection market include ABB (Switzerland), Schneider Electric (France), GE (US), Siemens (Germany), Mitsubishi Electric(Japan), NR Electric (China), Toshiba (Japan), Eaton (Ireland), and ZIV (Spain).

Research Coverage:

The report provides a complete view of the busbar protection market across the various industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as voltage, impedance, end-user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

The market has been segmented on the basis of voltage, impedance, end-user, and region.The market ranking analysis of the top players and company profiles comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the busbar protection market.

The report provides insights on the following pointers:


  • Product Development/Innovation: Detailed insights on upcoming technologies, research &development activities, and new product launches in the busbar protection market

  • Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for busbar protection across regions.

  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global busbar protection market.


Why Buy this Report?


  • The report identifies and addresses key markets for the deployment of busbar protection in various industries, which would help manufacturers review the growth in demand.

  • The report helps solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Busbar Protection Market by Voltage (Medium Voltage, High Voltage, and Extra High Voltage), Impedance (Low Impedance and High Impedance), End-User (Utilities, Industries, and Transportation), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.3.4 Currency
1.4 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumption
2.4.1 Assumption of the Research Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Busbar Protection Market
4.2 Busbar Protection Market, By End-User
4.3 Busbar Protection Market, By Voltage
4.4 Busbar Protection Market, By Impedance

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Investments in Transmission and Distribution Infrastructure
5.2.1.2 Operational Benefits of Busbar Protection Relays
5.2.2 Restraints
5.2.2.1 Delays in Grid Expansion Projects
5.2.3 Opportunities
5.2.3.1 Adoption of HVDC Technology
5.2.3.2 Increased Investments in Smart Grids and Energy Systems
5.2.4 Challenges
5.2.4.1 Cost Constraints for MV Substations

6 Busbar Protection Market, By Voltage
6.1 Introduction
6.2 Medium Voltage
6.3 High Voltage
6.4 Extra High Voltage

7 Busbar Protection Market, By Impedance
7.1 Introduction
7.2 High Impedance
7.3 Low Impedance

8 Busbar Protection Market, By End-User
8.1 Introduction
8.2 Utilities
8.3 Industries
8.4 Transportation

9 Busbar Protection Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Voltage
9.2.2 By Impedance
9.2.3 By End-User
9.2.4 By Country
9.2.4.1 US
9.2.4.2 Canada
9.2.4.3 Mexico
9.3 Asia Pacific
9.3.1 By Voltage
9.3.2 By Impedance
9.3.3 By End-User
9.3.4 By Country
9.3.4.1 China
9.3.4.2 India
9.3.4.3 Japan
9.3.4.4 Australia
9.3.4.5 South Korea
9.3.4.6 Indonesia
9.3.4.7 Rest of Asia Pacific
9.4 Europe
9.4.1 By Voltage
9.4.2 By Impedance
9.4.3 By End-User
9.4.4 By Country
9.4.4.1 Germany
9.4.4.2 UK
9.4.4.3 France
9.4.4.4 Italy
9.4.4.5 Norway
9.4.4.6 Russia
9.4.4.7 Rest of Europe
9.5 South America
9.5.1 By Voltage
9.5.2 By Impedance
9.5.3 By End-User
9.5.4 By Country
9.5.4.1 Brazil
9.5.4.2 Argentina
9.5.4.3 Rest of South America
9.6 Middle East & Africa
9.6.1 By Voltage
9.6.2 By Impedance
9.6.3 By End-User
9.6.4 By Country
9.6.4.1 Saudi Arabia
9.6.4.2 UAE
9.6.4.3 South Africa
9.6.4.4 Nigeria
9.6.4.5 Egypt
9.6.4.6 Rest of the Middle East & Africa

10 Competitve Landscape
10.1 Introduction
10.2 Ranking of Players & Market Structure
10.3 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 Investments and Expansions
10.3.3 Mergers & Acquisitions
10.3.4 Others

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 Benchmarking
11.2 ABB
11.3 GE
11.4 Schneider Electric
11.5 Siemens
11.6 Mitsubishi Electric
11.7 Andritz
11.8 Basler Electric
11.9 Eaton
11.10 Erlphase Power Technologies
11.11 NR Electric
11.12 SEL
11.13 Toshiba
11.14 ZIV

*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customisation
12.6 Releated Report
12.7 Author Details

List of Tables

Table 1 Busbar Protection Market Snapshot
Table 2 T&D Infrastructure Expansion Plans
Table 3 Key Smart Grid Investment Initiatives
Table 4 Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 5 Medium Voltage: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 6 High Voltage: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 7 Extra High Voltage: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 8 Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 9 High Impedance: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 10 Low Impedance: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 11 Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 12 Utilities: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 13 Industries: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 14 Transportation: Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 15 Busbar Protection Market Size, By Region, 2016–2023 (USD Million)
Table 16 Busbar Protection Market, Top Five Countries Largest Market, 2016–2023 (USD Million)
Table 17 Busbar Protection Market, Top Five Fastest Growing Markets, 2016–2023 (USD Million)
Table 18 North America: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 19 North America: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 20 North America: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 21 North America: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 22 US: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 23 Canada: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 24 Mexico: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 25 Asia Pacific: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 26 Asia Pacific: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 27 Asia Pacific: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 28 Asia Pacific: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 29 China: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 30 India: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 31 Japan: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 32 Australia: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 33 South Korea: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 34 Indonesia: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 35 Rest of Asia Pacific: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 36 Europe: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 37 Europe: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 38 Europe: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 39 Europe: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 40 Germany: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 41 UK: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 42 France: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 43 Italy: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 44 Norway: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 45 Russia: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 46 Rest of Europe: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 47 South America: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 48 South America: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 49 South America: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 50 South America: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 51 Brazil: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 52 Argentina: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 53 Rest of South America: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 54 Middle East & Africa: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 55 Middle East & Africa: Busbar Protection Market Size, By Impedance, 2016–2023 (USD Million)
Table 56 Middle East & Africa: Busbar Protection Market Size, By End-User, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Busbar Protection Market Size, By Country, 2016–2023 (USD Million)
Table 58 Saudi Arabia: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 59 UAE: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 60 South Africa: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 61 Nigeria: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 62 Egypt: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 63 Rest of the Middle East & Africa: Busbar Protection Market Size, By Voltage, 2016–2023 (USD Million)
Table 64 Abb—The Most Active Player in the Market Between 2015 and February 2018
Table 65 Contracts & Agreements, 2015–March 2018
Table 66 Investments and Expansions, 2015–March 2018
Table 67 Mergers & Acquisitions, 2015–March 2018
Table 68 Others, 2015–March 2018

List of Figures

Figure 1 Busbar Protection Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Priamries: By Compnay Type, Designation, and Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodolgy
Figure 7 Busbar Protection Market, By Region, 2018–2023 (USD Million)
Figure 8 Busbar Protection Market Size, By End-User, 2018–2023 (USD Billion)
Figure 9 Busbar Protection Market Share, By Voltage, 2017 (USD Million)
Figure 10 Busbar Protection Market Size, By Impedance, 2017–2023 (USD Million)
Figure 11 Opportunities in the Extra High Voltage Segment of the Busbar Protection Market, 2018–2023
Figure 12 Utilities Segment is Leading the Busbar Protection Market
Figure 13 Extra High Voltage Dominated the Asia Pacific Busbar Protection Market in 2017
Figure 14 Low Impedacne Led the Busbar Protection Market in 2017
Figure 15 Busbar Protection Market: Market Dynamics
Figure 16 Busbar Protection Market Share, By Voltage, 2018–2023 (USD Million)
Figure 17 Busbar Protection Market Share, By Impedance, 2017
Figure 18 Busbar Protection Market Share, By End-User, 2017
Figure 19 Busbar Protection Market, By Region, 2017
Figure 20 Regional Snapshot: the Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America: Market Snapshot
Figure 22 Asia Pacific: Market Snapshot
Figure 23 Key Developments in Busbar Protection Market, 2015-March 2018
Figure 24 ABB Led the Busbar Protection Market in 2017
Figure 25 ABB: Company Snapshot
Figure 26 GE: Company Snapshot
Figure 27 Schneider Electric: Company Snapshot
Figure 28 Siemens: Company Snapshot
Figure 29 Mitsubishi Electric: Company Snapshot
Figure 30 Andritz: Company Snapshot
Figure 31 Eaton: Company Snapshot
Figure 32 Toshiba: Company Snapshot

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