Sale

Busbar Market

Global Busbar Market Size, Share, Trends, Growth, Outlook: By Power Rating: High, Medium Low; By Conductor: Copper, Aluminium; By End Use: Industrial, Commercial, Residential, Utilities; By Industry: Chemicals and Petroleum, Metals and Mining, Manufacturing, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Busbar Market Outlook

The global busbar market size attained a value of USD 17.50 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.30% to reach USD 27.79 billion by 2032.

 

Busbar is a metallic strip or bar, used in electric power distribution, usually found inside panel boards, switchgear, and busway enclosures for local high-current power distribution. The most common metals used for manufacturing busbars are copper, aluminium, brass, and other efficient alloys that are capable of offering low energy loss during transmission and high conductivity.

 

Busbar Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The design of the busbar simplifies electrical distribution systems, saves space, and offers scalability for future expansions. It is instrumental in managing power distribution in various electrical installations, making them an essential element in modern electrical infrastructure.

 

The history of busbar technology reflects the evolution of electrical power distribution systems. Busbar technology continued to evolve over the years, reflecting changes in electrical distribution requirements and advances in technology. Today, busbars are used in a variety of high and low-voltage applications, including production plants, workshops, assembly lines, warehouses, distribution centres, and retail outlets, which is expected to propel the busbar market demand. They offer several advantages over conventional power distribution methods, such as reduced installation times, increased design flexibility, enhanced safety features, and simplicity in design and installation.

 

The report finds the Asia Pacific to be the largest market in terms of share due to the increase in investments in developing countries by the key players in the market. The Asia Pacific market for busbar is dominated by China, followed by India.

 

Busbar Market by Power Rating

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Busbar Market Segmentation

The major market segments based on the power rating of busbar are as follows:

  • High
  • Medium
  • Low

 

Among these, the low-power segment holds the largest market share. This dominance can be attributed to the widespread use of low-power busbars in distribution panels and switchboards across various utilities and industries. The ongoing investments in the renovation and redevelopment of existing commercial facilities, along with a positive outlook for the industrial sector's development, are stimulating the growth of the low-power busbar market.

 

High-power busbars, which typically cater to power ranges above 36Kv, are also significant in the market. They are gaining traction due to the need for modernising ultra-high transmission lines to reduce line losses and meet the growing electricity demand.

 

The market can be divided on the basis of the type of conductor into:

  • Copper
  • Aluminium

 

In the market, copper holds the highest busbar market share compared to aluminium. This predominance is due to several key factors such as copper’s superior electrical conductivity compared to aluminium. This higher conductivity means that copper can carry more current than aluminium of the same size, making it more efficient for use in high-power applications.

 

Copper also has a higher thermal conductivity, which allows it to dissipate heat more effectively. This is an important characteristic in preventing overheating in electrical systems. Due to its properties, copper is more versatile and can be used in a wider range of applications, including those that require higher power capacities and those where space is limited.

 

The market can be broadly categorised on the basis of its end-uses into:

  • Industrial
  • Commercial
  • Residential
  • Utilities

 

The commercial sector dominates the busbar market. This dominance is driven by increasing power requirements due to rapid urbanisation and commercialisation. In commercial buildings like offices, shopping centres, and hotels, busbars are used for distributing power across different floors and sections. They are preferred over traditional cabling for their ability to handle high power loads and ease of installation and maintenance.

 

Busbars are critical in data centres for reliable power distribution to server racks and IT equipment. They support high power densities and can be easily reconfigured or expanded as data centre power needs change. Commercial spaces often require extensive lighting systems. Busbars provide a streamlined and efficient way to distribute power to lighting fixtures, especially in large spaces like warehouses, exhibition centres, and retail stores.

 

On the basis of industry, the market is divided into:

  • Chemicals and Petroleum
  • Metal and Mining
  • Manufacturing
  • Others

 

The manufacturing sector encompasses a wide range of industries, each requiring efficient and reliable power distribution systems. Busbars are essential in this context due to their ability to effectively distribute high electrical currents over short and medium distances. Manufacturing plants often have high energy demands due to the use of heavy machinery, production lines, and continuous operations. Busbars provide a robust solution for handling such high current loads.

 

In manufacturing, downtime can prove to be costly. Busbars offer a reliable and efficient way of distributing power, which is crucial for maintaining continuous operations in manufacturing facilities.

 

Busbar Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The report also covers the major regional markets for busbar, which are as follows:

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East and Africa

 

Busbar Market Analysis

The adoption of smart cities and other similar projects will boost the demand for busbars as they are more convenient to be used without any hassle of wires. Rapid urbanisation and commercialisation of the business landscape will increase the demand for busbar as this will surge the electricity demand in these sectors. The need for an effective conductor and lower energy loss during transmission has replaced conventional power distribution methods with highly conductive metal busbars. Besides, busbar helps reduce the cost of installation as it substitutes cables and other related components. Moreover, busbars are safe, reliable, and environmentally friendly, which contributes further to the busbar market growth.

 

Nevertheless, the availability of cheap and poor-quality goods can limit the growth of the market. Furthermore, the lack of research and development activities and the high price of raw materials may hamper market expansion.

 

Regional Insights

The Asia Pacific region represents a significant energy market, with the expansion of the electrical power distribution sector. Busbars are used to conduct and distribute electrical power in a variety of settings, including industrial, commercial, and residential environments.

 

The market in the Asia Pacific has been experiencing growth, driven by factors such as increasing electricity demand, industrialisation, and urbanisation in the region. Countries like China, India, and Japan are key players in this market due to their large populations and rapidly growing industrial sectors. The market is also influenced by technological advancements. Innovations in materials, design, and manufacturing processes are some of the crucial busbar market trends that have led to more efficient, safer, and cost-effective busbar solutions. For instance, advancements in insulation materials have enhanced the safety and performance of busbars.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global busbar market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Siemens
  • ABB
  • Schneider Electric
  • Eaton Corporation
  • Mersen
  • Oriental Copper Co., Ltd
  • Legrand Electric Ltd
  • Southwire Company LLC
  • Others

 

The comprehensive report investigates the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Power Rating
  • Conductor
  • End Use
  • Industry
  • Region
Breakup by Power Rating
  • High
  • Medium
  • Low
Breakup by Conductor
  • Copper
  • Aluminium
Breakup by End Use
  • Industrial
  • Commercial
  • Residential
  • Utilities
Breakup by Industry
  • Chemicals and Petroleum
  • Metals and Mining
  • Manufacturing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Siemens
  • ABB
  • Schneider Electric
  • Eaton Corporation
  • Mersen
  • Oriental Copper Co., Ltd
  • Legrand Electric Ltd
  • Southwire Company LLC
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Busbar Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Busbar Historical Market (2018-2023) 
    8.3    Global Busbar Market Forecast (2024-2032)
    8.4    Global Busbar Market by Power Rating
        8.4.1    High
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Medium
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Low
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Busbar Market by Conductor
        8.5.1    Copper
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Aluminium
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Busbar Market by End Use
        8.6.1    Industrial
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Commercial
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Residential
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Utilities
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
    8.7    Global Busbar Market by Industry
        8.7.1    Chemicals and Petroleum
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Metals and Mining
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Manufacturing
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Others 
    8.8    Global Busbar Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Busbar Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Busbar Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Busbar Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Busbar Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Busbar Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Siemens
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    ABB
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Schneider Electric
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Eaton Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Mersen
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Oriental Copper Co., Ltd
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Legrand Electric Ltd
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Southwire Company LLC
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Busbar Market: Key Industry Highlights, 2018 and 2032
2.    Global Busbar Historical Market: Breakup by Power Rating (USD Billion), 2018-2023
3.    Global Busbar Market Forecast: Breakup by Power Rating (USD Billion), 2024-2032
4.    Global Busbar Historical Market: Breakup by Conductor (USD Billion), 2018-2023
5.    Global Busbar Market Forecast: Breakup by Conductor (USD Billion), 2024-2032
6.    Global Busbar Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Busbar Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Busbar Historical Market: Breakup by Industry (USD Billion), 2018-2023
9.    Global Busbar Market Forecast: Breakup by Industry (USD Billion), 2024-2032
1.    Global Busbar Historical Market: Breakup by Region (USD Billion), 2018-2023
2.    Global Busbar Market Forecast: Breakup by Region (USD Billion), 2024-2032
3.    North America Busbar Historical Market: Breakup by Country (USD Billion), 2018-2023
4.    North America Busbar Market Forecast: Breakup by Country (USD Billion), 2024-2032
5.    Europe Busbar Historical Market: Breakup by Country (USD Billion), 2018-2023
6.    Europe Busbar Market Forecast: Breakup by Country (USD Billion), 2024-2032
7.    Asia Pacific Busbar Historical Market: Breakup by Country (USD Billion), 2018-2023
8.    Asia Pacific Busbar Market Forecast: Breakup by Country (USD Billion), 2024-2032
9.    Latin America Busbar Historical Market: Breakup by Country (USD Billion), 2018-2023
10.    Latin America Busbar Market Forecast: Breakup by Country (USD Billion), 2024-2032
11.    Middle East and Africa Busbar Historical Market: Breakup by Country (USD Billion), 2018-2023
12.    Middle East and Africa Busbar Market Forecast: Breakup by Country (USD Billion), 2024-2032
13.    Global Busbar Market Structure

Key Questions Answered in the Report

In 2023, the global busbar market attained a value of nearly USD 17.50 billion.

The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 27.79 billion by 2032.

The major market drivers include rising demand for effective conductors, increasing investments in electric power distribution in developing countries, and rapid urbanisation.

The key trends guiding the market include the growing development of smart cities, the rising attempts to reduce energy loss during electric transmission, and the safe, reliable, and environmentally friendly benefits offered by busbars.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major power rating segments of busbar in the market are high, medium, and low.

The significant conductors of busbar considered in the market report include copper and aluminium.

The major end uses of the product are industrial, commercial, residential, and utilities.

The various industries considered in the market report include chemicals and petroleum, metals and mining, and manufacturing, among others.

The major players in the market are Siemens, ABB, Schneider Electric, Eaton Corporation, Mersen, Oriental Copper Co., Ltd, Legrand Electric Ltd, and Southwire Company LLC, among others.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER