According to foreign media reports, the global busway market has an annual revenue of approximately 2 trillion won (approximately RMB 11.67 billion). Market leaders include General Electric of the US, Schneider of France, and LS cable systems of Korea.
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The busway system is an efficient power distribution device, which is especially suitable for the higher and higher economical wiring of buildings and large-scale factories.
With the emergence of modern engineering facilities and equipment, the power consumption of all walks of life has rapidly increased, especially with the emergence of numerous high-rise buildings and large-scale workshops. The traditional cables used as transmission conductors cannot meet the requirements in high-current transmission systems. The parallel use of multiple cables has caused inconvenience to the field installation and construction connection.
The plug-in busway has emerged as a new type of distribution cable. Compared with the traditional cable, it fully reflects its superiority in the transmission of large currents. At the same time, due to the adoption of new technologies and new processes, the busbars are greatly reduced. The contact resistance and temperature rise at the joints at the two ends of the slot and at the insertion point of the branching port, and the use of high quality insulating materials in the bus slot, thereby improving the safety and reliability of the busway, and improving the overall system.
With the rapid development of Asian economies, the Asian busway market has become increasingly fierce. In the fierce competition, South Korea's LS cable system is a leader.
The LS cable system currently leads the domestic busway market in South Korea. The annual revenue is 150 billion won (approximately RMB 870 million), accounting for over 50% of the market share. To date, in Korea, LS Cable has provided busway products for Lotte World Tower, South Korea's Paju LG Display Factory, Times Square and Songdo International Business District.
In addition to occupying the domestic market, the LS cable system continues to expand overseas markets. Recently, in the busway tender for the natural gas development project on the Trans-Siberian Peninsular in the Yamal Peninsula, the LS cable system defeated competitors in the United States and Europe and obtained a two-year supply contract.