Global Copper Busbar And Profiles Market
Global Copper Busbar And Profiles Market Size By Type, By Application, By End Use, By Geography Scope And Forecast
According to Verified Market Research, The Global Copper Busbar and Profiles Market was valued at USD 16.32 Billion in 2018 and is projected to reach USD 24.12 Billion by 2026, growing at a CAGR of 5.11% from 2019 to 2026.
Copper busbars and profiles are used extensively in high current control equipment and low voltage distribution systems. There are various applications of copper busbars and profiles, which include bus-way systems, switchboards, low and medium voltage switchgear, panel boards and more. A busbar is in the form of a metallic strip and is most commonly utilized in power distribution systems. Busbars connect low voltage equipment in battery banks and high voltage equipment in electrical switchyards. The maximum amount of current that can be carried by a copper busbar depends on its cross-sectional size and its purity.
In contrast to this, profiles are more difficult to manufacture as they are more complex in design and packaging, has a more delicate production process and is in need of a much more elaborate machine-set up. Copper busbars and profiles contain better resistance against corrosion and are a better conductor of electricity in comparison to its metal counterparts such as aluminum.
Few of the major factors driving the copper busbars and profiles market are increased use of copper busbars and profiles in power and electrical equipment sector and increased usage of copper in several industries due to its attractive properties. In electrical power distribution, a copper Busbar is used within various applications such as switchgear, panel boards and busway enclosures for the purpose of local high current power distribution. Some of the beneficial properties that copper provides include low electrical and thermal resistance, high mechanical strength in tension, high resistance to fatigue failure, ease of fabrication, low electrical resistance of surface films and high resistance to corrosion. As a result of this, busbars are often made from copper or aluminum, especially when considering conductivity and strength, copper is far superior to aluminum.
On the contrary, copper is subject to price fluctuations, which results in irregular manufacturing costs for vendors. Copper prices have fluctuated considerably over the last few years, such fluctuations can also result in reduced profit margins for vendors which are anticipated to be one of the major restraints for the market.
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