Market Overview:
The global high voltage busbar protection devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for electricity and rising investments in power infrastructure. In addition, the growing adoption of smart grids and renewable energy sources is also contributing to the growth of the market. Based on type, low impedance high voltage busbar protection devices are expected to account for a larger share of the global high voltage busbar protection devices market than high impedance high voltage busbar protection devices during the forecast period. Low impedance High Voltage Busbar Protection Devices are used in applications where short-circuit currents are relatively low and fault currents are moderate or less than 10kA . On the other hand, High Impedance High Voltage Busbar Protection Devices find application where short-circuit currents can be very large (up to 100kA) and fault current levels may exceed 500mA . Industries include oil & gas production facilities, metal & mining processing plants, cement factories etc.
Product Definition:
High Voltage Busbar Protection Devices are used to protect high voltage busbars from damage. The devices detect and isolate faults on the busbar, preventing damage to the equipment and personnel. The importance of High Voltage Busbar Protection Devices is that they protect expensive equipment from damage and keep personnel safe from electrical shock.
Low Impedance High Voltage Busbar Protection Devices:
The global LihVolt busbar protection devices market size was valued at USD 2.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for energy-efficient products across various industries such as industrial, commercial, and residential is anticipated to drive the growth of this industry over the forecast period.
High Impedance High Voltage Busbar Protection Devices:
High Impedance High Voltage Busbar Protection Devices are used to protect the high voltage busbar from fault and over current situations. The HBIBPD is a group of devices that includes fuses, circuit breakers, and tripping systems. They are installed at the high voltage feeder cable connection to provide additional protection against short circuits or faults in the system.
Application Insights:
The industries application segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The segment is driven by increasing demand from various industrial applications including oil & gas, cement and chemicals, metal and mining, power generation, etc. Industries require a large number of HV buses as they are used across several applications such as process control & instrumentation; material handling; machine tools; heavy-duty equipment manufacturing (machinery); transportation systems (metros/ railways); etc.
High voltage busbar protection devices help in preventing damage to electrical installations caused due to high electric currents flowing through them or through conductors connected to them. These devices also help prevent accidents caused by short circuits or open circuits on HV bus bars owing to their protective features against overcurrents along with other protective functions such as fuses replacement for circuit breakers failure detection etc., which enhance their utility value across several industries worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electric vehicles, rising industrialization, and expanding infrastructure development in emerging economies such as China and India. Moreover, growing population coupled with rapid urbanization has led to increased energy requirements which will further boost product demand across industries in Asia Pacific region.
The Middle East & Africa is also anticipated to witness significant growth over the coming years owing to increasing oil & gas exploration activities across countries such as Saudi Arabia and Qatar among others are projected favorably impact industry expansion of high voltage busbar protection devices market in MEA region.
Growth Factors:
- Increasing demand for high voltage busbar protection devices from the utility sector as a result of the growing need for reliable and efficient power transmission and distribution.
- Rapid expansion of renewable energy sources such as solar and wind, which require robust protection systems to ensure safe and uninterrupted power supply.
- Rising investment in smart grid infrastructure projects worldwide, which is expected to drive demand for high voltage busbar protection devices over the next few years.
- Growing concerns about grid security and safety, especially after several major blackouts in recent years, are likely to boost adoption of these devices in the near future.
- Technological advancements that have led to development of more sophisticated and reliable busbar protection devices are also expected to spur market growth in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
High Voltage Busbar Protection Devices Market Research Report
By Type
Low Impedance High Voltage Busbar Protection Devices, High Impedance High Voltage Busbar Protection Devices
By Application
Utilities, Industries (Oil & Gas, Metal & Mining, and Cement and Chemicals), Transportations (Railways and Metros)
By Companies
ABB, GE, Schneider Electric, Siemens, Mitsubishi Electric, Andritz, Basler Electric, Eaton, Erlphase Power Technologies, NR Electric, ABB, Toshiba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global High Voltage Busbar Protection Devices Market Report Segments:
The global High Voltage Busbar Protection Devices market is segmented on the basis of:
Types
Low Impedance High Voltage Busbar Protection Devices, High Impedance High Voltage Busbar Protection Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Utilities, Industries (Oil & Gas, Metal & Mining, and Cement and Chemicals), Transportations (Railways and Metros)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- GE
- Schneider Electric
- Siemens
- Mitsubishi Electric
- Andritz
- Basler Electric
- Eaton
- Erlphase Power Technologies
- NR Electric
- ABB
- Toshiba
Highlights of The High Voltage Busbar Protection Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Impedance High Voltage Busbar Protection Devices
- High Impedance High Voltage Busbar Protection Devices
- By Application:
- Utilities
- Industries (Oil & Gas, Metal & Mining, and Cement and Chemicals)
- Transportations (Railways and Metros)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Voltage Busbar Protection Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High voltage busbar protection devices are used to protect electrical equipment from damage caused by high voltages. These devices can be installed on power lines, between transformers and other electrical equipment, or in substations.
Some of the major companies in the high voltage busbar protection devices market are ABB, GE, Schneider Electric, Siemens, Mitsubishi Electric, Andritz, Basler Electric, Eaton, Erlphase Power Technologies, NR Electric, ABB, Toshiba.
The high voltage busbar protection devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Voltage Busbar Protection Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Voltage Busbar Protection Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Voltage Busbar Protection Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Voltage Busbar Protection Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Voltage Busbar Protection Devices Market Size & Forecast, 2020-2028
4.5.1 High Voltage Busbar Protection Devices Market Size and Y-o-Y Growth
4.5.2 High Voltage Busbar Protection Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Impedance High Voltage Busbar Protection Devices
5.2.2 High Impedance High Voltage Busbar Protection Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Utilities
6.2.2 Industries (Oil & Gas
6.2.3 Metal & Mining
6.2.4 and Cement and Chemicals)
6.2.5 Transportations (Railways and Metros)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Voltage Busbar Protection Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Voltage Busbar Protection Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Impedance High Voltage Busbar Protection Devices
9.6.2 High Impedance High Voltage Busbar Protection Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Utilities
9.10.2 Industries (Oil & Gas
9.10.3 Metal & Mining
9.10.4 and Cement and Chemicals)
9.10.5 Transportations (Railways and Metros)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Impedance High Voltage Busbar Protection Devices
10.6.2 High Impedance High Voltage Busbar Protection Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Utilities
10.10.2 Industries (Oil & Gas
10.10.3 Metal & Mining
10.10.4 and Cement and Chemicals)
10.10.5 Transportations (Railways and Metros)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Impedance High Voltage Busbar Protection Devices
11.6.2 High Impedance High Voltage Busbar Protection Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Utilities
11.10.2 Industries (Oil & Gas
11.10.3 Metal & Mining
11.10.4 and Cement and Chemicals)
11.10.5 Transportations (Railways and Metros)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Impedance High Voltage Busbar Protection Devices
12.6.2 High Impedance High Voltage Busbar Protection Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Utilities
12.10.2 Industries (Oil & Gas
12.10.3 Metal & Mining
12.10.4 and Cement and Chemicals)
12.10.5 Transportations (Railways and Metros)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Impedance High Voltage Busbar Protection Devices
13.6.2 High Impedance High Voltage Busbar Protection Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Utilities
13.10.2 Industries (Oil & Gas
13.10.3 Metal & Mining
13.10.4 and Cement and Chemicals)
13.10.5 Transportations (Railways and Metros)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Voltage Busbar Protection Devices Market: Competitive Dashboard
14.2 Global High Voltage Busbar Protection Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 GE
14.3.3 Schneider Electric
14.3.4 Siemens
14.3.5 Mitsubishi Electric
14.3.6 Andritz
14.3.7 Basler Electric
14.3.8 Eaton
14.3.9 Erlphase Power Technologies
14.3.10 NR Electric
14.3.11 ABB
14.3.12 Toshiba
