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Global Busbar Market: By Power Rating: High, Medium Low; By Conductor: Copper, Aluminium; By End Use: Industrial, Commercial, Residential, Utilities; By Industry: Chemicals and Petroleum, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Busbar Market Outlook
The global busbar market attained a value of USD 15 billion in 2020. The industry is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5.25% to reach USD 20.4 billion by 2026.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Industry Opportunities and Challenges
8 Global Busbar Market Analysis
8.1 Key Industry Highlights
8.2 Global Busbar Historical Market (2018-2022)
8.3 Global Busbar Market Forecast (2023-2028)
8.4 Global Busbar Market by Power Rating
8.4.1 High
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Medium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Low
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Busbar Market by Conductor
8.5.1 Copper
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Aluminium
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Busbar Market by End Use
8.6.1 Industrial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Residential
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Utilities
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Metals and Mining
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Manufacturing
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Busbar Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players’ Market Share
12.3 Company Profiles
12.3.1 Siemens
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 ABB
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 Schneider Electric
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Eaton Corporation
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Mersen
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Oriental Copper Co., Ltd
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Legrand Electric Ltd
12.3.7.1 Company Overview
12.3.7.2 Product Portfolio
12.3.7.3 Demographic Reach and Achievements
12.3.7.4 Certifications
12.3.8 Southwire Company LLC
12.3.8.1 Company Overview
12.3.8.2 Product Portfolio
12.3.8.3 Demographic Reach and Achievements
12.3.8.4 Certifications
12.3.9 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Busbar Market: Key Industry Highlights, 2018 and 2028
2. Global Busbar Historical Market: Breakup by Power Rating (USD Billion), 2018-2022
3. Global Busbar Market Forecast: Breakup by Power Rating (USD Billion), 2023-2028
4. Global Busbar Historical Market: Breakup by Conductor (USD Billion), 2018-2022
5. Global Busbar Market Forecast: Breakup by Conductor (USD Billion), 2023-2028
6. Global Busbar Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Busbar Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Busbar Historical Market: Breakup by Industry (USD Billion), 2018-2022
9. Global Busbar Market Forecast: Breakup by Industry (USD Billion), 2023-2028
1. Global Busbar Historical Market: Breakup by Region (USD Billion), 2018-2022
2. Global Busbar Market Forecast: Breakup by Region (USD Billion), 2023-2028
3. North America Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
4. North America Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
5. Europe Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
6. Europe Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
7. Asia Pacific Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
8. Asia Pacific Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
9. Latin America Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
10. Latin America Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
11. Middle East and Africa Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
12. Middle East and Africa Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
13. Global Busbar Market Structure
Key Questions Answered in the Report
In 2020, the global busbar market attained a value of nearly USD 15 billion.
The market is projected to grow at a CAGR of 5.25% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 20.4 billion by 2026.
The major drivers of the industry, such as rapid urbanisation and commercialisation and the rising demand for an effective conductor, are expected to aid the market growth.
The key trend guiding the growth of the busbar market includes the rising awareness regarding environmentally friendly products in the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the market.
The major power rating segments of busbar in the industry are high, medium, and low.
The significant conductors in the industry are copper and aluminium.
The major end uses of the product are industrial, commercial, residential, and utilities.
The leading industry segments within the market are chemicals and petroleum, metals and mining, and manufacturing, among others.
The major players in the industry 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 15 billion in 2020, 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 2023-2028, growing at a CAGR of 5.25%. The busbar market is projected to reach USD 20.4 billion by 2026.
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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