Asia Pacific Busbar Market to Reach US$ 11,134.7 Million by 2027, Propelled by the Escalating Demand for Uninterrupted and Reliable Power Supply

August 16, 2022

The latest report by IMARC Group, titled “Asia Pacific Busbar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the Asia Pacific busbar market size reached US$ 7,279.2 Million by 2021. Busbar refers to an electrical conductor that collects the power supply from the incoming feeder and distributes it to the output feeder. It contains the electric power in one place, and is usually found inside panelboards, switchgear, and busway enclosures for local high current power distribution. The most commonly used metals used in the production of busbars include aluminum, brass, copper, and other efficient alloys capable of offering low energy loss during high conductivity and transmission. In recent years, busbars have gained traction due to the rising usage of electricity across residential, commercial, and industrial sectors in the Asia Pacific region.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These will be integrated into the market.

Asia Pacific Busbar Market Trends:

One of the primary factors driving the market is the escalating demand for uninterrupted and reliable power supply. Additionally, the widespread adoption of renewable energy sources for power generation is creating a positive market outlook. Other than this, the requirement for an effective conductor and lower energy loss during transmission has replaced traditional power distribution methods with highly conductive metal busbars. Besides this, busbars offer safety, reliability, require low installation cost, and employ reusable and re-locatable plug-in outlets. These advantages offered by them are also catalyzing the market growth. In line with this, the utilization of busbars in hospitals, data centers, apartments, laboratories, retail facilities, metros, institutions, railways, and technology stings are propelling the market growth. Furthermore, extensive investments by governments of various nations in grid expansion, modernization, and smart cities are driving the market growth. Along with this, they are also focusing on implementing energy-saving programs to enhance energy efficiency across commercial facilities, thus strengthening the market growth. Other growth-inducing factors include rapid urbanization and industrialization, and increasing demand for an efficient distribution network. Looking forward, IMARC Group expects the market value to reach US$ 11,134.7 Million by 2027, expanding at a CAGR of 7.4% in the forecast period (2022-2027).

Market Summary:

  • Based on the power rating, the market has been divided into high, medium, and low.
  • On the basis of the conductor, the market has been bifurcated into copper and aluminum.
  • Based on the end-user, the market has been segmented into industrial, commercial, residential, and utilities.
  • On the basis of the industry, the market has been categorized into chemicals and petroleum, metals and mining, manufacturing, and others.
  • Region-wise, the market has been classified into China, Japan, India, Indonesia, South Korea, Australia, and others.
  • The competitive landscape of the market has also been analyzed, along with the profiles of the key players operating in the industry.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY 82801, USA
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Asia Pacific Busbar Market to Reach US$ 11,134.7 Million by 2027, Propelled by the Escalating Demand for Uninterrupted and Reliable Power Supply
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More