Market Overview:
The global busbar market size reached US$ 17 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.8 Billion by 2027, exhibiting a growth rate (CAGR) of 4.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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 energy-eficient products and systems which is further expected to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global busbar market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on power rating, conductor, end-user and industry.
Breakup by Power Rating:
Breakup by Conductor:
Breakup by End-User:
- Industrial
- Commercial
- Residential
- Utilities
Breakup by Industry:
- Chemicals and Petroleum
- Metals and Mining
- Manufacturing
- Others
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 AG, ABB Group, Schneider Electric SE, Eaton Corporation, Inc., Legrand Pvt Ltd., General Electric Company, Mersen Corporate Services SAS, Rittal GmbH & Co. KG, CHINT Group Corporation, Power Products Unlimited, LLC, C&S Electric Ltd., Promet AG, ElvalHalcor SA, Littelfuse, Inc., Southwire Company, LLC and Oriental Copper Co. Ltd.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Power Rating, Conductor, End-User, Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered |
Siemens AG, ABB Group, Schneider Electric SE, Eaton Corporation, Inc., Legrand Pvt Ltd., General Electric Company, Mersen Corporate Services SAS, Rittal GmbH & Co. KG, CHINT Group Corporation, Power Products Unlimited, LLC, C&S Electric Ltd., Promet AG, ElvalHalcor SA, Littelfuse, Inc., Southwire Company, LLC and Oriental Copper Co. Ltd. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| 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) |
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 Impact of COVID-19
5.4 Market Breakup by Power Rating
5.5 Market Breakup by Conductor
5.6 Market Breakup by End-User
5.7 Market Breakup by Industry
5.8 Market Breakup by Region
5.9 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 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 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 AG
15.3.2 ABB Group
15.3.3 Schneider Electric SE
15.3.4 Eaton Corporation Inc.
15.3.5 Legrand Pvt Ltd.
15.3.6 General Electric Company
15.3.7 Mersen Corporate Services SAS
15.3.8 Rittal GmbH & Co. KG
15.3.9 CHINT Group Corporation
15.3.10 Power Products Unlimited, LLC
15.3.11 C&S Electric Ltd.
15.3.12 Promet AG
15.3.13 ElvalHalcor SA
15.3.14 Littelfuse, Inc.
15.3.15 Southwire Company, LLC
15.3.16 Oriental Copper Co. Ltd.
List of Figures
Figure 1: Global: Busbar Market: Major Drivers and Challenges
Figure 2: Global: Busbar Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Busbar Market: Breakup by Power Rating (in %), 2021
Figure 4: Global: Busbar Market: Breakup by Conductor (in %), 2021
Figure 5: Global: Busbar Market: Breakup by End-User (in %), 2021
Figure 6: Global: Busbar Market: Breakup by Industry (in %), 2021
Figure 7: Global: Busbar Market: Breakup by Region (in %), 2021
Figure 8: Global: Busbar Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Busbar (High) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Busbar (High) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Busbar (Medium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Busbar (Medium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Busbar (Low) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Busbar (Low) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Busbar (Copper) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Busbar (Copper) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Busbar (Aluminium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Busbar (Aluminium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Busbar (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Busbar (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Busbar (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Busbar (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Busbar (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Busbar (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Busbar (Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Busbar (Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Busbar (Chemicals and Petroleum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Busbar (Chemicals and Petroleum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Busbar (Metals and Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Busbar (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Busbar (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Busbar (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Busbar (Other Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Busbar (Other Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia Pacific: Busbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia Pacific: Busbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Busbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Busbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Europe: Busbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Europe: Busbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Middle East and Africa: Busbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Middle East and Africa: Busbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Latin America: Busbar Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Latin America: Busbar Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Busbar Industry: SWOT Analysis
Figure 46: Global: Busbar Industry: Value Chain Analysis
Figure 47: Global: Busbar Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Busbar Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Busbar Market Forecast: Breakup by Power Rating (in Million US$), 2022-2027
Table 3: Global: Busbar Market Forecast: Breakup by Conductor (in Million US$), 2022-2027
Table 4: Global: Busbar Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 5: Global: Busbar Market Forecast: Breakup by Industry (in Million US$), 2022-2027
Table 6: Global: Busbar Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Busbar Market: Competitive Structure
Table 8: Global: Busbar Market: Key Players