PUBLISHER: The Business Research Company | PRODUCT CODE: 1681995
PUBLISHER: The Business Research Company | PRODUCT CODE: 1681995
Busbar trunking systems represent a specialized electrical power distribution solution employing busbars to efficiently distribute power within buildings or industrial settings. These systems are engineered to deliver reliable and safe power distribution to medium-sized loads in both commercial and industrial sectors.
The primary materials used in busbar trunking systems are aluminum and copper. Aluminum, a metallic element denoted by the symbol Al and atomic number 13, is widely utilized in these systems. Busbar trunking systems accommodate various power ratings, including lighting, low voltage, medium voltage, and high voltage applications. They find application across diverse end-user industries such as transportation, residential, commercial, and industrial sectors.
The busbar trunking systems market research report is one of a series of new reports from The Business Research Company that provides busbar trunking systems market statistics, including busbar trunking systems industry global market size, regional shares, competitors with a busbar trunking systems market share, detailed busbar trunking systems market segments, market trends and opportunities, and any further data you may need to thrive in the busbar trunking systems industry. This busbar trunking systems 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 trunking systems market size has grown rapidly in recent years. It will grow from $2.99 billion in 2024 to $3.36 billion in 2025 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to increased demand for a stable and reliable supply of power distribution, expanded electrification of developing countries, benefits over conventional wiring systems, growth in renewable energy projects, rapid urbanization and construction activities.
The busbar trunking systems market size is expected to see rapid growth in the next few years. It will grow to $5.25 billion in 2029 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to rapid construction activities, growing demand for electricity, growing infrastructure development and industrialization, rising solar power capacity, modernization of existing electrical infrastructure. Major trends in the forecast period include increased adoption of smart busbar trunking, integration with building management systems, modular and scalable designs, modular and scalable designs and digitization of installation and maintenance processes.
The rapid increase in construction activities is projected to drive the growth of the busbar trunking systems market in the future. Construction activities involve building physical structures such as homes, factories, roads, and bridges. A variety of factors, including demographic trends, economic conditions, technological advancements, policy initiatives, and environmental considerations, contribute to the global rise in construction activities. Busbar trunking systems facilitate efficient electrical power distribution in buildings and construction sites by eliminating the need for multiple cables, conduits, and distribution boards, which helps reduce both labor and material costs. For example, in September 2024, the United States Census Bureau, a government agency, reported that construction spending in July 2024 was estimated at a seasonally adjusted annual rate of $2,162.7 billion, representing a 6.7% increase (+-1.8%) compared to the July 2023 estimate of $2,027.4 billion. During this time, total construction spending reached $1,237.5 billion, an increase of 8.8% (+-1.2%) over the $1,137.4 billion for the same period in 2023. Therefore, the surge in construction activities is driving the expansion of the busbar trunking systems market.
Key players in the busbar trunking systems market are focusing on developing innovative products, such as comprehensive motor management and protection systems, to improve efficiency and safety. These advancements are designed to offer real-time monitoring and predictive maintenance, which can help reduce energy consumption and minimize downtime. A comprehensive motor management and protection system is responsible for monitoring and controlling electric motors while providing safeguards against faults and inefficiencies. For example, in October 2024, Siemens AG, a Germany-based automation company, introduced the SIMOCODE M-CP. This product enhances motor management within industrial switchboards through its compact design, advanced communication features, and scalable functionality. Additionally, its sustainability features and real-time monitoring capabilities contribute to improved efficiency, reliability, and operational longevity.
In June 2023, Vertiv Energy Private Limited, a U.S.-based company specializing in digital infrastructure and continuity solutions for data centers, communication networks, and commercial and industrial facilities, acquired a company from the E and I Engineering Group for an undisclosed amount. This acquisition is intended to enhance Vertiv's data center offerings, broaden its market presence, and drive growth through integrated power solutions. E and I Engineering Group Ltd. is a UK-based manufacturing firm known for its design and production of busbar trunking systems.
Major companies operating in the busbar trunking systems market report are Siemens AG; ALFA Technologies Pvt. Ltd.; Schneider Electric SE; ABB Ltd.; Eaton Corporation Plc; C&S Electric Limited; TE Connectivity; DBTS Industries Sdn Bhd; Molex LLC; Legrand S.A.; WEG S.A.; Phoenix Contact; LS Cable & System Ltd.; Rittal GmbH & Co. KG; Hager Group; Lapp Group; ARJ Holding LLC; E&I Engineering Group; Anord Mardix Inc.; Vass Electrical Industries; Terasaki Electric Co. Ltd.; Power Plug Busduct Sdn Bhd; Godrej & Boyce Mfg. Co. Ltd.; Vilfer Electric
North America was the largest region in the busbar trunking systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the busbar trunking systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the busbar trunking systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The busbar trunking systems market consists of sales of trolley busbar systems, cable trays, and support systems. 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.
Busbar Trunking Systems Global Market Report 2025 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 trunking systems 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.
Where is the largest and fastest growing market for busbar trunking systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The busbar trunking systems 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.