Busbar Global Market Report 2024

Description

“Busbar Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on busbar market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for busbar? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The busbar market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Material: Aluminum; Copper; Brass
2) By Power Rating: Low; Medium; High
3) By End-User: Utilities; Industrial; Residential; Commercial
Companies Mentioned: Siemens AG; ABB Ltd.; Schneider Electric SE; Eaton Corporation plc; TE Connectivity Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A busbar, a metallic strip or bar within a power distribution system, serves as a conductor for transmitting electrical energy. Typically crafted from copper or aluminum, it's designed to handle substantial electrical loads.

The primary materials employed in busbar manufacturing are aluminum, copper, and brass. Aluminum, a thin, silvery-white metal known for its ductility, lightness, and resistance to corrosion, is widely utilized in busbar construction. Its favorable electrical and mechanical attributes, including lower resistivity and lightweight nature, make it a preferred choice. Power ratings vary from low to medium and high, finding applications across utility, industrial, residential, and commercial sectors.

The busbar market research report is one of a series of new reports from The Business Research Company that provides busbar market statistics, including busbar industry global market size, regional shares, competitors with a busbar market share, detailed busbar market segments, market trends and opportunities, and any further data you may need to thrive in the busbar industry. This busbar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The busbar market size has grown strongly in recent years. It will grow from $16.93 billion in 2023 to $17.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. Historical growth can be credited to several factors including industrialization and infrastructure expansion, heightened energy consumption, growing integration of renewable energy sources, substantial demand from pivotal end-use sectors, and the influence of government regulations.

The busbar market size is expected to see strong growth in the next few years. It will grow to $22.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. Anticipated growth in the forecast period is expected due to several key factors, notably the shift towards smart grid technologies, sustained expansion in industrial sectors, a concerted emphasis on energy efficiency measures, the burgeoning construction of data centers, and the integration of energy storage solutions.

The busbar market anticipates growth due to increased concerns about energy loss in electric transmission systems. Energy loss in power transmission involves wastage during production, distribution, and unexplained usage. The high resistance in electrical conductors contributes significantly to these losses. Busbars, with their low resistance, efficiently carry large electricity volumes, reducing energy waste compared to conventional wires. In 2020, the US saw transmission and distribution losses of 5%, totaling 207 million MWh, valued at $6.21 billion at an average wholesale power price of $30/MWh. This concern for energy efficiency propels the busbar market's expansion.

The surge in electric vehicle (EV) adoption is a driving force behind the busbar market's growth. Electric vehicles rely on busbars as critical conduits to effectively distribute power from batteries to various components such as motors and charging systems. They enable streamlined, high-capacity electrical connections, optimizing power transmission within the vehicle's system for reliable performance. In 2021, global electric vehicle sales doubled compared to 2020, reaching around 6.6 million units. The first quarter of 2022 saw a further increase, with 2 million electric cars sold worldwide. This trend in EV adoption directly fuels the busbar market's expansion.

Key players in the busbar market are innovating by developing advanced products such as modular busbar systems. These systems comprise standardized modules that allow easy assembly into flexible power distribution networks. For instance, in September 2022, Vertiv introduced the Vertiv Powerbar iMPB, designed for data centers and dynamic environments. This modular system, with capacities from 160 amps to 1,000 amps, facilitates seamless power upgrades without requiring additional floor space. It caters to modern data centers' evolving power needs with a compact and adaptable solution.

Leading companies in the busbar market focus on creating cutting-edge products, such as busbar couplers, to maintain a competitive edge. Busbar couplers are components connecting two electrical conductors or busbars. For example, in February 2022, Interplex Industries Inc. launched the BusMate Power Busbar Coupler, streamlining assembly for high-density power applications. This compact, pluggable interface allows efficient integration into power devices, offering versatility for various designs and configurations. With features such as Floating Contact Technology and temperature resistance up to 150°C, this product meets evolving requirements in power-dense applications across industries such as Electric Vehicles, e-Mobility, and Energy sectors.

In December 2022, Aptiv PLC, an automotive company based in Ireland, successfully acquired an 85% stake in Intercable Automotive Solutions for $616 million (€595 million). This strategic move significantly bolstered Aptiv's expertise in high voltage power distribution and interconnect technology, elevating its standing as a global frontrunner in vehicle architecture systems. Intercable Automotive Solutions is an Italy-based interconnect solutions company that designs and manufactures solutions for vehicle electrification.

Major companies operating in the busbar market report are Siemens AG, ABB Ltd., Schneider Electric SE, Eaton Corporation plc, TE Connectivity Ltd., Legrand S.A., Mersen S.A., CHINT Group Co. Ltd., C&S Electric Limited, Rogers Corporation, Friedhelm Loh Group, Cubic Module System A/S, Hager Vertriebsgesellschaft mbH & Co. KG, Starline Holdings LLC, Sedotec GmbH & Co. KG, Methode Electronics Ltd., General Electric Company, Rittal GMBH & Co. KG, Power Products LLC, Promet AG, Godrej & Boyce Manufacturing Company Limited, Bhagyanagar India Limited, Oriental Copper Co. Ltd., Littelfuse Inc., Southwire Company LLC, Pentair plc, Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S., Keiper Electric GmbH, Mitsubishi Electric India Private Limited, nVent Electric plc, Alcan Cable, ERICO International Corporation

North America was the largest region in the busbar market in 2023 and is expected to be the fastest-growing region in the global busbar market report forecast period. The regions covered in the busbar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the busbar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The busbar market consists of sales of single busbar, main and auxiliary busbar, double busbar, double main and auxiliary busbar, enclosed busbar, open busbar, isolated phase busbar and gas-pressurized insulated busbar. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11586

1. Executive Summary

2. Busbar Market Characteristics

3. Busbar Market Trends And Strategies

4. Busbar Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Busbar Market Size and Growth

5.1. Global Busbar Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Busbar Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Busbar Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Busbar Market Segmentation

6.1. Global Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Aluminum
Copper
Brass
6.2. Global Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Low
Medium
High
6.3. Global Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Utilities
Industrial
Residential
Commercial

7. Busbar Market Regional And Country Analysis

7.1. Global Busbar Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Busbar Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Busbar Market

8.1. Asia-Pacific Busbar Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Busbar Market

9.1. China Busbar Market Overview
9.2. China Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Busbar Market

10.1. India Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Busbar Market

11.1. Japan Busbar Market Overview
11.2. Japan Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Busbar Market

12.1. Australia Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Busbar Market

13.1. Indonesia Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Busbar Market

14.1. South Korea Busbar Market Overview
14.2. South Korea Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Busbar Market

15.1. Western Europe Busbar Market Overview
15.2. Western Europe Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Busbar Market

16.1. UK Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Busbar Market

17.1. Germany Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Busbar Market

18.1. France Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Busbar Market

19.1. Italy Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Busbar Market

20.1. Spain Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Busbar Market

21.1. Eastern Europe Busbar Market Overview
21.2. Eastern Europe Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Busbar Market

22.1. Russia Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Busbar Market

23.1. North America Busbar Market Overview
23.2. North America Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Busbar Market

24.1. USA Busbar Market Overview
24.2. USA Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Busbar Market

25.1. Canada Busbar Market Overview
25.2. Canada Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Busbar Market

26.1. South America Busbar Market Overview
26.2. South America Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Busbar Market

27.1. Brazil Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Busbar Market

28.1. Middle East Busbar Market Overview
28.2. Middle East Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Busbar Market

29.1. Africa Busbar Market Overview
29.2. Africa Busbar Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Busbar Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Busbar Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Busbar Market Competitive Landscape And Company Profiles

30.1. Busbar Market Competitive Landscape
30.2. Busbar Market Company Profiles
- 30.2.1. Siemens AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. ABB Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Schneider Electric SE
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Eaton Corporation plc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. TE Connectivity Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Busbar Market Competitive Benchmarking

32. Global Busbar Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Busbar Market

34. Busbar Market Future Outlook and Potential Analysis

34.1 Busbar Market In 2028 - Countries Offering Most New Opportunities
34.2 Busbar Market In 2028 - Segments Offering Most New Opportunities
34.3 Busbar Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer