![]() Within Europe, Germany is forecast to grow at approximately 5.1% CAGR. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030.Īmong the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.3% respectively over the 2022-2030 period. is estimated at US$1.3 Billion in the year 2022. The Busbar Trunking Systems market in the U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 7.5% CAGR Recent market activity indicates the ongoing developments and strategies within the industry as players seek to capitalize on the growing demand for these systems. In this competitive market, various key competitors are vying for market share in 2023, reflecting the dynamic landscape of busbar trunking systems. As global spending on digital transformation continues to rise, the demand for efficient power distribution solutions like busbar trunking systems is on the rise. The proliferation of electronic equipment in the digitalization wave is driving the growth of busbar trunking systems. Growth in the Air segment is estimated at 5.6% CAGR for the next 8-year period. ![]() Sandwich, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$7.1 Billion by the end of the analysis period. The global market for Busbar Trunking Systems estimated at US$6.7 Billion in the year 2022, is projected to reach a revised size of US$10.6 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.
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