According to the latest market research study released by Technavio, the copper busbars and profiles market in EMEA is expected to grow at a CAGR of around 5% during the forecast period 2017-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the copper busbars and profiles market in EMEA market based on the application:
Copper busbar and profiles market in EMEA based on the application 2016
|
Transformers |
41.9% |
|
Switchgear |
32.1% |
|
Control panels and distribution board |
21.1% |
|
Others |
4.9% |
Source: Technavio
The top three revenue contributing application segments are discussed below:
Copper busbars and profiles market in EMEA in the transformer segment
The copper busbars and profiles market in EMEA in the transformer segment was valued at around 280 thousand metric tons during 2016. The core of the transformer comprising of the windings form the most important component of the transformer. Copper is the predominant conductor material used in transformer windings (both primary and secondary), busbars, and others. Both power and distribution transformers use electrical conductors. An upsurge in the demand for electricity, spurred by the rapid industrialization in Saudi Arabia and the UAE, will fuel further growth of the market for copper busbars and profiles for the transformer segment in EMEA during the forecast period.
“Many vendors in the market are developing and marketing finned copper busbars and profiles for switchgear that are mounted inside a building. These finned copper busbars and profiles consume less space than the traditional ones. For example, Aurubis developed finned busbars and profiles that provide maximum ventilation in a small cabinet. Such busbars and profiles keep the temperature under limit values, even when a high amount of electricity is transmitted,” says Ajay Adikari, a lead analyst at Technavio for metals and minerals.
Copper busbars and profiles market in EMEA in the switchgear segment
A switchgear is a combination of different types of components such as circuit breakers, current transformers, potential transformers, lightening arrestors, protection relays, and disconnectors arranged in a logical manner. The increase in automation in industries and the concept of smart grids has resulted in the installation of expensive machines by companies. Inadequate and erratic power supply is propelling the demand for switchgear. Furthermore, rapid electrification in the urban and rural areas of the Middle East and Africa has spurred the growth of the low-voltage and medium-voltage switchgear markets.
Copper busbars and profiles market in EMEA in control panel and distribution board segment
Copper busbars and profiles market in EMEA in control panel and distribution board segment. Copper busbar profiles are used in switchboards and distribution panels, where the design considerations are primarily different from long vertical and horizontal busbars. Distribution boards form an integral part of any distribution system and have vast opportunities in the developing countries such as South Africa and the UAE owing to increase in the industrialization and development of infrastructure in these regions. Furthermore, the demand for electricity is expected to sky-rocket with the rapid in increase in population, which, in turn, will increase the demand for control panels and distribution boards.
The top leading vendors operating in the copper busbars and profiles market in EMEA are:
- Aurubis
- Gindre
- Luvata
- Oriental Copper
- Sofia Med (Halcor Group)
- Copper and copper alloys Semifinished Products
Other prominent vendors in the market include Metal Gems, Maksal, Copalcor, Elektrosan, and Carlo Colombo.
A more detailed analysis is available in the Technavio report titled, ‘Copper Busbars and Profiles Market in EMEA 2017-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Busbar Market 2016-2020
- Global Copper Pipes and Tubes Market 2016-2020
- Seamless Copper Tubes Market in MENA 2015-2019
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