Global Busbar in EVSE Market is expected to grow at a CAGR of 14.6% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.
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Global busbar in EVSE market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global busbar in EVSE market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance:
- In February 2021, Siemens has received an order from the Regensburg transport authority “das Stadtwerk Regensburg. Mobilität GmbH” in Germany. This project is focused to equip the bus depot in the Markomannenstrasse for electromobility. With this contract the company is coming up as the market leader in this kind of area to provide such technology based infrastructure services.
Schneider Electric is the dominating player in global busbar in EVSE market. The other key players existing in the market are ALS, QIMA, Symbio Laboratories, BVAQ, TÜV SÜD, Neogen Corporation, ifp Institut für Produktqualität GmbH, Spectro Analytical Labs, Food Safety Net Services, Pacific Lab, Mérieux NutriSciences, R J Hill Laboratories Limited, NSF, Element Materials Technology, ADPEN Laboratories, Inc., Mérieux NutriSciences, Cotecna, Eurofins Scientific, Bureau Veritas, SGS SA, Intertek Group plc, and others.
Schneider Electric
Schneider Electric, founded in 1836, headquarter in Paris, France. The company is focusing on developing and providing technological solutions and services to various sectors across the globe. The company has business segments including energy management, industrial automation sales in which industrial automation is the market focused segment. The company has product categories which are residential and small business, building automation and control, low voltage products and systems, solar and energy storage, medium voltage distribution and grid automation, critical power, cooling and racks, industrial automation and control in which residential and small business, low voltage products and systems are the market focused category.
For instance,
- In June 2022, Schneider Electric announced that the company has been awarded for Outstanding Contribution to Sustainability and Efficiency’, and ‘Power Innovation of the year’. These awards and recognition allowed the company to promote itself in different market including global busbar in EVSE market and gain sale for its offered product and solutions
The company has wide presence across North America, Latin America, Asia-Pacific, Middle East and Africa, Europe. The company has subsidiaries such as Square D (U.S.), Schneider Electric (Australia) Pty Ltd, Eurotherm (U.K.), Clipsal (Australia), Proleit Gmbh (Germany) among others
ABB
ABB, founded in 1988, headquarter in Zurich, Switzerland. This company is involved in providing technological solutions in areas such as electrification, robotics, automation and motion. The company has several product categories which are control room solutions, drives, electric vehicle charging infrastructure, industrial software, low voltage products and systems, measurement and analytics, medium voltage products, metallurgy products, motors and generators, PLC automation, power converters and inverters, robotics in which low voltage products and systems is market focused category.
For instance,
- August 2022, ABB announced that it has signed an agreement to purchase Siemens’ low voltage NEMA motor business. It has manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operation, sales, and management team which will allow the company to expand in the mentioned region with the already existing customer base.
The company has presence across Europe, North America, South America, Asia-Pacific, and Middle East and Africa. The company has subsidiaries such as Thomas & Betts (U.S.), Cylon Controls Ltd. (Ireland), ABB Stotz-Kontakt (Germany), ABB Motors and Mechanical (U.S.), ABB Australia and Others.
Siemens
Siemens, founded in the year 1847, headquartered is in Munich, Germany. The company is involved in providing technology to the companies focused on industry, infrastructure, transport, and healthcare. The company has business segments such as energy, smart infrastructure, mobility, digital industries, portfolio companies in which smart infrastructure is the focused segment. The company has several product categories including digital business platform, building technology, drive technology, energy, financing, healthcare, industrial automation, mobility, services, software, consumer products in which energy is the market focused category.
For instance,
- In March 2020, Siemens introduced Alpha 3200 Eco power distribution board which requires one-third less copper. The new power distribution board features a main busbar in the middle of the board instead of at the top or the bottom, allowing devices to be attached directly. With this product the company is now able to provide the same product in much affordable rates when compared to the market.
The company has wide presence across North America, South America, Europe, Middle East and Africa, and Asia-Pacific. The company has subsidiaries such as Siemens Healthineers (Germany), Siemens Digital Industries Software (U.S.), Siemens Mobility (Germany), Mendix (U.S.), Mentor Graphics (U.S) and Others.
