Increasing global demand for energy encouraged by rapidindustrialization and economic growth is probable to be one of the majordrivers of overall power system development. To achieve the energy securitygoal the governments in different countries are investing in energy developmentprojects. Increase in investments for smart grid technologies and smartcities are further creating mandate of demand for transmission and distributioninfrastructure, which, in return creating a requirement of busbar protection.
A busbar is a band bar of copper, brass, or aluminum whichconducts electricity from a switchboard, a substation, or battery bank. Itspurpose is to conduct a substantial current of electricity. The Busbarprotection strips are planned for phase-segregated short-circuit protection,control, and supervision of single busbars.
New power systems and substations are designed to meet theeconomic requirements. At the distribution side, the addition of a new powergeneration source requires busbar protection over a period of time. When afault occurs at the busbars, it gets interrupted, and the other well feedersare disconnected.
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Busbar protection schemes, especially applicable to large buses,are complex in nature. The multiple analog and digital signals are wired fromprimary equipment located at various locations within the substation to thecentral protection house where the bus protection scheme is used. Theimplementation of bus protection schemes is recommended for greenfieldinstallations, where the process bus is installed and wired on the primaryequipment during manufacturing.
In terms of type, the busbarprotection market can be classified into decentralized and centralizedtype. In the centralized busbar protection, copper wires from currenttransformers and tripping circuits to circuit breakers are connected at acentral area. In the decentralized busbar protection type, the units areinstalled at the protection panels to provide the interfaces from the primaryequipment. In terms of impedance levels, the busbar protection market can besegmented into high impedance, medium impedance, and low impedance.
Demand in the low impedance segment is high, and the trend isexpected to continue over the forecast period. Countries such as the India,China, and the U.S. and the U.K are investing for developing UHVDC, HVDC andUHV systems for power transmission for the remote locations to the load areas.Moreover, the increasing pace of investment in smart grids and smart substationnetworks is driving demand for low-impedance busbar using microprocessortechnologies.
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Based on application, the busbar protection market can bedivided into utilities, industries, and transportation. The demand for busbarprotection in utilities is expected to remain high over the forecast period.
In terms of voltage level, the busbar protection market can bedivided into low, medium, and high voltage levels.
Based on region, the busbar protection market can be classifiedinto North America, Latin America, Europe, Middle East & Africa, and AsiaPacific. Asia Pacific is expected to dominate the busbar protection marketduring the forecast period due to the rise in demand for automated grid systemsand enhancement in grid connectivity through the integration of IoT activities.Various policy support measures for exploration could boost investments in themarket. The busbar protection market in countries such as China, India, Japan,Vietnam, Malaysia, Thailand, and Australia is likely to expand rapidly over theforecast period. For instance, China has large new installed generation anddistribution capacity in the Asia Pacific region, resulting in increased demandfor transmission and distribution infrastructure.
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Key players operating in the bus bar protection market are ABB,General Electric, Siemens AG, Schneider Electric, Caterpillar Inc., S&CElectric Company, Mitsubishi electric company, and Eaton Corporation.
