Reports
Global Busbar Market Growth, Demand, Forecast, 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 attained a value of USD 17.50 billion in 2023. The industry 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.
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The report finds the Asia Pacific to be the largest market in terms of share due to the increase in investments in the developing countries by the key players in the busbar market. The Asia Pacific busbar market is dominated by China, followed by India.
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Properties and Applications
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 busbar are copper, aluminium, brass, and other efficient alloys that are capable of offering low energy loss during transmission and high conductivity.
The leading power ratings of busbar are:
- High
- Medium
- Low
On the basis of conductor, the industry is bifurcated into copper and aluminium.
The industry can be broadly categorised on the basis of its end-uses into:
- Industrial
- Commercial
- Residential
- Utilities
On the basis of industry, the industry is divided into chemicals and petroleum, metals and mining, manufacturing, and others.
The EMR report looks into the regional markets of busbar like North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
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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, the busbar primarily reduces the cost of the installation as they substitute the cables and other related components, which is leading to the growth of the busbar market. Moreover, busbars are safe, reliable, and environmentally friendly, which contributes further to the growth of the busbar market.
Nevertheless, the industry growth is limited by the availability of cheap and poor-quality goods. Furthermore, the lack of R&D activities and the high price of raw materials also hampers the growth of the busbar market.
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 industry. The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Medium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Low
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Busbar Market by Conductor
8.5.1 Copper
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Aluminium
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Busbar Market by End Use
8.6.1 Industrial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Residential
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Utilities
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.7 Global Busbar Market by Industry
8.7.1 Chemicals and Petroleum
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Metals and Mining
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Manufacturing
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Busbar Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Busbar Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Busbar Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Busbar Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Busbar Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Busbar Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 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.
Analyst Review
The global busbar market attained a value of USD 17.50 billion in 2023, driven by the rising demand for an effective conductor. Aided by the rising awareness regarding environmentally friendly products, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.30%. The busbar market is projected to reach USD 27.79 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its power rating, the busbar market can be segmented into high, medium, and low. On the basis of conductors, the industry is bifurcated into copper and aluminium. Based on end-uses, the industry is divided into industrial, commercial, residential, and utilities. On the basis of industry, the market is categorised into chemicals and petroleum, metals and mining, manufacturing, and others. The major regional markets for busbar are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Siemens, ABB, Schneider Electric, Eaton Corporation, Mersen, Oriental Copper Co., Ltd, Legrand Electric Ltd, Southwire Company LLC, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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