All updated as on -
In 2022, the global market for busbar trunking systems is predicted to reach $5.9 billion. From USD 6.2 billion in 2023 to USD 10.3 billion in 2030, the busbar trunking system market is projected to expand at a CAGR of 7.50 percent. The proliferation of data centres and the emergence of new business verticals are two key drivers of market growth.
All nations must ensure a steady and stable supply of electricity in order to prosper. From power plants to factories to shopping malls, electricity is distributed everywhere it's needed. With proper enclosures, insulation, and protection, a busbar trunking system distributes electricity via thick metal electrical conductor strip. Copper, aluminium, and metal alloys are the building blocks of busbar. Because of their usefulness and security, busbars have become mandatory. Busbar trunking saves both money and time compared to conventional cabling and trunking. When compared to traditional cabling, busbar trunking systems have many benefits. The busbar trunking system is small and adaptable. When compared to standard wiring, it provides superior thermal performance. The range of current that busbars can deliver, from 125A to 7000A, makes them useful in many settings. Due to their adaptable nature, busbars are ready for the future. That's why rewiring uses less resources. When compared to older methods of wiring, busbar eliminates the potential danger posed by dangling cables.
Growth in demand for busbar trunking systems can be attributed to their decreased prices and increased efficiency. Busbars can be installed by trained electricians for less money and without help from anyone else. They save money on construction or remodelling costs and require less maintenance. Busbars can be installed efficiently and without any downtime. Less expensive material is required thanks to busbar forms that permit a smaller cross-section while preserving ampacity (current capacity). The busbar's larger border promotes greater convection. Growing urbanisation and population are driving up energy and power needs worldwide, which in turn is driving up the demand for busbars. The EIA projects that in 2022 and 2023, the United States will set new records for electricity consumption as the economy continues to grow. The EIA forecasts a rise in annual electricity consumption from the current level of 3,930 billion kWh in 2021, to 4,010 billion kWh in 2022, and to 4,019 billion kWh in 2023.
Market segmentation for busbar trunking systems includes copper and aluminium conductors. Copper, the market's most important component, is anticipated to expand at a rate of 42% throughout the forecast time frame. Copper's amazing properties, such as high heat conductivity, ductility, corrosion resistance, and a long and dependable service life, contribute to the product's efficacy. Inside the busbar of the housing, the conductors are separated by insulation and alternate with other insulating material. The busbar trunking system market is segmented into air and sandwich segments based on insulation. Within the estimated time span, the sandwich sub category is expected to garner the most revenue. The sandwich market is dominant because of its versatility in terms of installation, increased mechanical protection, and reduced footprint.
Since busbar trunking systems are widely employed in the commercial and industrial sectors for power distribution, rising demand for these products is driving the industry landscape forward. Demand for these technologies is being pushed forward by the expanding building and infrastructure industries. Furthermore, the product is being designed and manufactured to be more energy efficient in response to the growing concern for energy conservation and long-term sustainability. Companies are using cutting-edge technology and materials to improve system efficiency by cutting power losses. Demand for busbar trunking systems is rising as the use of renewable energy sources such as solar and wind power continues to rise rapidly. Transferring power from renewable sources to the grid or local loads is made safe and reliable by these techniques. These systems can be trusted to function reliably and safely since they adhere to international safety standards.
Report Coverage
Global Busbar Trunking System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Busbar Trunking System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Busbar Trunking System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Busbar Trunking System market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Busbar Trunking System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Busbar Trunking System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB, Ltd. (Switzerland), ABB, Ltd. (Switzerland), Schneider Electric (France). Eaton Corporation, PIc (Ireland), Legrand SA (France), Godrej & Boyce Manufacturing Company Limited (India), Busbar Services (South Africa) and DBTS Industries SD. BHD. (Malaysia), Larsen & Toubro (India), Siemens AG (Germany), General Electric (U.S.), C&S Electric Limited (India)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Busbar Trunking System market based on the below-mentioned segments:
Global Busbar Trunking System Market, By Conductor
Copper
Aluminum
Global Busbar Trunking System market, By Insulation
Air
Sandwich
Global Busbar Trunking System Market, By End User
Industrial
Commercial
Large Residential
Transportation
Global Busbar Trunking System market, Regional Analysis
All nations must ensure a steady and stable supply of electricity in order to prosper. From power plants to factories to shopping malls, electricity is distributed everywhere it's needed. With proper enclosures, insulation, and protection, a busbar trunking system distributes electricity via thick metal electrical conductor strip. Copper, aluminium, and metal alloys are the building blocks of busbar. Because of their usefulness and security, busbars have become mandatory. Busbar trunking saves both money and time compared to conventional cabling and trunking. When compared to traditional cabling, busbar trunking systems have many benefits. The busbar trunking system is small and adaptable. When compared to standard wiring, it provides superior thermal performance. The range of current that busbars can deliver, from 125A to 7000A, makes them useful in many settings. Due to their adaptable nature, busbars are ready for the future. That's why rewiring uses less resources. When compared to older methods of wiring, busbar eliminates the potential danger posed by dangling cables.
Growth in demand for busbar trunking systems can be attributed to their decreased prices and increased efficiency. Busbars can be installed by trained electricians for less money and without help from anyone else. They save money on construction or remodelling costs and require less maintenance. Busbars can be installed efficiently and without any downtime. Less expensive material is required thanks to busbar forms that permit a smaller cross-section while preserving ampacity (current capacity). The busbar's larger border promotes greater convection. Growing urbanisation and population are driving up energy and power needs worldwide, which in turn is driving up the demand for busbars. The EIA projects that in 2022 and 2023, the United States will set new records for electricity consumption as the economy continues to grow. The EIA forecasts a rise in annual electricity consumption from the current level of 3,930 billion kWh in 2021, to 4,010 billion kWh in 2022, and to 4,019 billion kWh in 2023.
Market segmentation for busbar trunking systems includes copper and aluminium conductors. Copper, the market's most important component, is anticipated to expand at a rate of 42% throughout the forecast time frame. Copper's amazing properties, such as high heat conductivity, ductility, corrosion resistance, and a long and dependable service life, contribute to the product's efficacy. Inside the busbar of the housing, the conductors are separated by insulation and alternate with other insulating material. The busbar trunking system market is segmented into air and sandwich segments based on insulation. Within the estimated time span, the sandwich sub category is expected to garner the most revenue. The sandwich market is dominant because of its versatility in terms of installation, increased mechanical protection, and reduced footprint.
Since busbar trunking systems are widely employed in the commercial and industrial sectors for power distribution, rising demand for these products is driving the industry landscape forward. Demand for these technologies is being pushed forward by the expanding building and infrastructure industries. Furthermore, the product is being designed and manufactured to be more energy efficient in response to the growing concern for energy conservation and long-term sustainability. Companies are using cutting-edge technology and materials to improve system efficiency by cutting power losses. Demand for busbar trunking systems is rising as the use of renewable energy sources such as solar and wind power continues to rise rapidly. Transferring power from renewable sources to the grid or local loads is made safe and reliable by these techniques. These systems can be trusted to function reliably and safely since they adhere to international safety standards.
Report Coverage
Global Busbar Trunking System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Busbar Trunking System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Busbar Trunking System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Busbar Trunking System market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ABB, Ltd. (Switzerland), ABB, Ltd. (Switzerland), Schneider Electric (France). Eaton Corporation, PIc (Ireland), Legrand SA (France), Godrej & Boyce Manufacturing Company Limited (India), Busbar Services (South Africa) and DBTS Industries SD. BHD. (Malaysia), Larsen & Toubro (India), Siemens AG (Germany), General Electric (U.S.), C&S Electric Limited (India) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Busbar Trunking System Market from 2021 to 2030.
- Market Forecast for Busbar Trunking System Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Busbar Trunking System competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Busbar Trunking System
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Busbar Trunking System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Busbar Trunking System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB, Ltd. (Switzerland), ABB, Ltd. (Switzerland), Schneider Electric (France). Eaton Corporation, PIc (Ireland), Legrand SA (France), Godrej & Boyce Manufacturing Company Limited (India), Busbar Services (South Africa) and DBTS Industries SD. BHD. (Malaysia), Larsen & Toubro (India), Siemens AG (Germany), General Electric (U.S.), C&S Electric Limited (India)
Primary Target Market
- Market Players of Busbar Trunking System
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Busbar Trunking System market based on the below-mentioned segments:
Global Busbar Trunking System Market, By Conductor
Copper
Aluminum
Global Busbar Trunking System market, By Insulation
Air
Sandwich
Global Busbar Trunking System Market, By End User
Industrial
Commercial
Large Residential
Transportation
Global Busbar Trunking System market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive busbar trunking system market market research and competitor analysis for your business to help you develop more profound insights into the busbar trunking system market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the busbar trunking system market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.