• Phone: +1-631-791-1145
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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Busbar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global busbar market reached a value of US$ 15.1 Billion in 2019. Busbars are strips of conductive materials which are used for collecting and distributing electric power. Since busbars ground and conduct electricity at the same time, they are often coated with materials which provide different conductivity limits and variations. They make the power distribution process easier, flexible and hassle-free. Additionally, they offer cost-efficient and fast installation services with no downtime. They also require few installation materials and employ reusable and re-locatable plug-in outlets. As a result, they are extensively utilized across various verticals including factories, data centers, retail facilities, hospitals, laboratories, universities, metros and railways.

Global Busbar Market

The rising demand for electricity across residential, commercial and industrial sectors is the major factor driving the market growth. Changing lifestyles and increasing average global temperature have resulted in the adoption of heating, ventilation, and air conditioning (HVAC) systems across various industry sectors. This has created an increasing demand for uninterrupted and reliable power supply, thereby boosting the sales of high capacity busbars. Moreover, significant developments have also been witnessed in the power infrastructure sector. New power generation plants are continually being constructed, while the existing infrastructures are being renovated, thereby positively impacting the demand for busbars. In addition to this, governments of several countries are also taking initiatives to improve the existing power infrastructure to enhance electricity production and access. For instance, as per one of the World Bank reports, the Sub-Saharan African governments are engaging in collective investment endeavors for coordinated and long-term electrification plans, which is expected to improve the electricity access in the region. Also, Power Africa, a US government initiative, aims to aid governments of the African countries to improve the electricity status in the region. Furthermore, rising concerns about the risks posed by the increasing usage of non-renewable power sources have led to the growing adoption of renewable sources of energy such as solar and wind energy which is further expected to increase the 2020-2025.
 

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Power Rating:
    • High 
    • Medium
    • Low
       
  • Market Breakup by Conductor:
    • Copper
    • Aluminium
       
  • Market Breakup by End-User:
    • Industrial
    • Commercial
    • Residential
    • Utilities
       
  • Market Breakup by Industry:
    • Chemicals and Petroleum
    • Metals and Mining 
    • Manufacturing
    • Others
       
  • Market Breakup by Region:
    • Asia Pacific
    • North America
    • Europe
    • Middle East and Africa
    • Latin America

 

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Siemens, ABB, Schneider Electric, Eaton Corporation, Legrand, General Electric, Mersen, Rittal, Chint Electric, Power Products, C&S Electric, Promet, ElvalHalcor S.A., Littelfuse, Southwire Company, Oriental Copper, etc.

Key Questions Answered in This Report: 

The global busbar market was worth around US$ 15.1 Billion in 2019.

According to the estimates by IMARC Group, the global busbar market will exhibit moderate growth during the next five years

The rising demand for uninterrupted and reliable power supply across the residential, commercial, and industrial sectors, represents one of the key drivers for the global busbar market.

The construction of new power generation facilities based on renewable energy sources, such as solar and wind energy, represents one of the key trends in the global busbar market.

Sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across several nations resulting in temporary halts in the construction of new power infrastructures, thereby hampering the overall demand for busbars.  

On the basis of the power rating, the market has been classified into high, medium and low. Amongst these, low power rated busbar accounts for the majority of the market share.

On the basis of the conductor, the market has been categorized into copper and aluminum. At present, copper busbar holds the largest market share.

On the basis of the end user, the market has been bifurcated into industrial, commercial, residential and utilities. At present, utilities account for the majority of the market share.

On the basis of the industry, the market has been bifurcated into chemicals and petroleum, metals and mining, manufacturing, and others. At present, chemicals and petroleum account for the largest market share.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Busbar Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Power Rating
    5.4    Market Breakup by Conductor
    5.5    Market Breakup by End-User
    5.6    Market Breakup by Industry
    5.7    Market Breakup by Region
    5.8    Market Forecast
6   Market Breakup by Power Rating
    6.1    High
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Medium
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Low
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Conductor
    7.1    Copper
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Aluminium
        7.2.1    Market Trends
        7.2.2    Market Forecast
8   Market Breakup by End-User
    8.1    Industrial
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Commercial
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Residential
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Utilities
        8.4.1    Market Trends
        8.4.2    Market Forecast
9   Market Breakup by Industry
    9.1    Chemicals and Petroleum
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Metals and Mining
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Manufacturing
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Others
        9.4.1    Market Trends
        9.4.2    Market Forecast
10  Market Breakup by Region
    10.1    Asia Pacific
        10.1.1 China
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Japan
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
        10.1.3 India
           10.1.3.1 Market Trends
           10.1.3.2 Market Forecast
        10.1.4 South Korea
           10.1.4.1 Market Trends
           10.1.4.2 Market Forecast
        10.1.5 Australia
           10.1.5.1 Market Trends
           10.1.5.2 Market Forecast
        10.1.6 Indonesia
           10.1.6.1 Market Trends
           10.1.6.2 Market Forecast
        10.1.7 Others
           10.1.7.1 Market Trends
           10.1.7.2 Market Forecast
    10.2    North America
        10.2.1 United States
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.2 Canada
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.3 Market Trends
           10.3.6.3 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Middle East and Africa
        10.4.1 Turkey
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Saudi Arabia
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Iran
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
        10.4.4 United Arab Emirates
           10.4.4.1 Market Trends
           10.4.4.2 Market Forecast
        10.4.5 Others
           10.4.5.1 Market Trends
           10.4.5.2 Market Forecast
    10.5    Latin America
        10.5.1 Brazil
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Mexico
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Argentina
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
        10.5.4 Columbia
           10.5.4.1 Market Trends
           10.5.4.2 Market Forecast
        10.5.5 Chile
           10.5.5.1 Market Trends
           10.5.5.2 Market Forecast
        10.5.6 Peru
           10.5.6.1 Market Trends
           10.5.6.2 Market Forecast
        10.5.7 Others
           10.5.7.1 Market Trends
           10.5.7.2 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porter’s Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Siemens 
        15.3.2    ABB
        15.3.3    Schneider Electric 
        15.3.4    Eaton Corporation
        15.3.5    Legrand 
        15.3.6    General Electric
        15.3.7    Mersen
        15.3.8    Rittal
        15.3.9    Chint Electric
        15.3.10     Power Products
        15.3.11     C&S Electric
        15.3.12     Promet
        15.3.13     ElvalHalcor S.A.
        15.3.14     Littelfuse
        15.3.15     Southwire Company 
        15.3.16     Oriental Copper


List of Figures

Figure 1: Global: Busbar Market: Major Drivers and Challenges
Figure 2: Global: Busbar Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Busbar Market: Breakup by Power Rating (in %), 2019
Figure 4: Global: Busbar Market: Breakup by Conductor (in %), 2019
Figure 5: Global: Busbar Market: Breakup by End-User (in %), 2019
Figure 6: Global: Busbar Market: Breakup by Industry (in %), 2019
Figure 7: Global: Busbar Market: Breakup by Region (in %), 2019
Figure 8: Global: Busbar Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Busbar (High) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Busbar (High) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Busbar (Medium) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Busbar (Medium) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Busbar (Low) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Busbar (Low) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Busbar (Copper) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Busbar (Copper) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Busbar (Aluminium) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Busbar (Aluminium) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Busbar (Industrial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Busbar (Industrial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Busbar (Commercial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Busbar (Commercial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Busbar (Residential) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Busbar (Residential) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Busbar (Utilities) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Busbar (Utilities) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Busbar (Chemicals and Petroleum) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Busbar (Chemicals and Petroleum) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Busbar (Metals and Mining) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Busbar (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Busbar (Manufacturing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Busbar (Manufacturing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Busbar (Other Industries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Busbar (Other Industries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Asia Pacific: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Asia Pacific: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: China: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: China: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Japan: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Japan: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: India: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: India: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: South Korea: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: South Korea: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Australia: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Australia: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Indonesia: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Indonesia: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Others: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Others: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: North America: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: North America: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: United States: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: United States: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Canada: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Canada: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Europe: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Europe: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Germany: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Germany: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: France: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: France: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: United Kingdom: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: United Kingdom: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Italy: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Italy: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Spain: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Spain: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Russia: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Russia: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Others: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Others: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Middle East and Africa: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Middle East and Africa: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Turkey: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Turkey: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Saudi Arabia: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Saudi Arabia: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Iran: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Iran: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: United Arab Emirates: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: United Arab Emirates: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Others: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Others: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Latin America: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Latin America: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Brazil: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Brazil: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Mexico: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Mexico: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: Argentina: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: Argentina: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Columbia: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 94: Columbia: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 94: Chile: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 95: Chile: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 96: Peru: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 97: Peru: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 98: Others: Busbar Market: Sales Value (in Million US$), 2014 & 2019
Figure 99: Others: Busbar Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 100: Global: Busbar Industry: SWOT Analysis
Figure 101: Global: Busbar Industry: Value Chain Analysis
Figure 102: Global: Busbar Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Busbar Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Busbar Market Forecast: Breakup by Power Rating (in Million US$), 2020-2025
Table 3: Global: Busbar Market Forecast: Breakup by Conductor (in Million US$), 2020-2025
Table 4: Global: Busbar Market Forecast: Breakup by End-User (in Million US$), 2020-2025
Table 5: Global: Busbar Market Forecast: Breakup by Industry (in Million US$), 2020-2025
Table 6: Global: Busbar Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Busbar Market Structure
Table 8: Global: Busbar Market: Key Players
 

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