Europe Busbar Market to Reach US$ 6,973.5 Million by 2032, Stimulated by Growing Need for Energy

July 26, 2023 | Energy & Mining

According to the latest report by IMARC Group, titled “Europe Busbar Market Report by Power Rating (High, Medium, Low), Conductor (Copper, Aluminium), End User (Industrial, Commercial, Residential, Utilities), Industry (Chemicals and Petroleum, Metals and Mining, Manufacturing, and Others), and Country 2024-2032,” the Europe busbar market size reached US$ 4,085.8 Million in 2023. A busbar is a specialized conductive material, typically composed of copper, aluminum, or brass, which is utilized extensively in the distribution of electricity in a broad range of industrial, commercial, and domestic settings. Essentially a thick strip of metal, the busbar enables efficient power distribution by facilitating the passage of substantial amounts of current across relatively short distances. It is a pivotal component in switchgear, panel boards, and busway enclosures, playing a vital role in power transmission and distribution (T&D) systems. In addition, busbars are commonly employed in electric vehicle (EV) technologies and renewable energy applications, including solar and wind energy systems, where they streamline the flow of electricity and enhance overall energy efficiency. Designed for durability, efficiency, and high thermal conductivity, the busbar system provides a safer, more effective, and compact solution to electrical power distribution compared to traditional cabling.

Europe Busbar Market Trends:

The Europe busbar market has been experiencing significant growth, primarily driven by the substantial rise in demand for reliable and efficient electrical distribution systems. This can be supported by the continuous growth of the construction and manufacturing sectors and the ever-increasing need for energy. Along with this, the rising focus on green energy and carbon footprint reduction has been instrumental in propelling the growth of the market. Europe, in particular, has been a frontrunner in the global shift towards renewable energy, leading to a rise in demand for efficient busbar systems in solar and wind energy applications. In addition, the growth of the electric vehicle market in the region has further escalated the need for busbars, with their pivotal role in EV charging infrastructure. Apart from this, continuous technological advancements and innovations, including the development of high-power, compact busbar systems, have been catalyzing market growth. Furthermore, the advent of smart grid technology, coupled with the transition towards energy-efficient electrical networks, is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and technological advancements. Looking forward, the market value is projected to reach US$ 6,973.5 Million by 2032, expanding at a CAGR of 5.9% during 2024-2032.

Market Summary:

  • Based on the power rating, the market has been segmented into high, medium, and low.
  • On the basis of the conductor, the market is segregated into copper and aluminium.
  • Based on the end user, the market has been segmented into industrial, commercial, residential, and utilities.
  • On the basis of the industry, the market is segregated into chemicals and petroleum, metals and mining, manufacturing, and others.
  • Country-wise, the market has been segmented into Germany, France, the United Kingdom, Italy, Spain, and others.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Power Rating, Conductor, End User, Industry, Country
Countries Covered Germany, France, Italy, United Kingdom, Spain, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Europe Busbar Market to Reach US$ 6,973.5 Million by 2032, Stimulated by Growing Need for Energy
Purchase options

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
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

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