Market Overview:
The United States busbar market size reached US$ 3,998.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 6,987.1 Million by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 3,998.2 Million |
Market Forecast in 2032
|
US$ 6,987.1 Million |
Market Growth Rate 2024-2032 |
6.2% |
Busbar is an electrical junction that collects electric current from the incoming feeders and distributes it to the outgoing feeders. It comprises a circuit breaker that trips off in the event of a fault and disconnects itself from the busbar. It offers cost-efficient and fast installation services with no downtime and makes the power distribution process easier, flexible and hassle-free. Consequently, it is extensively utilized in factories, data centers, retail facilities, hospitals, laboratories, universities, metros and railways in the United States.
With the rising environmental concerns, there is an increase in the adoption of renewable energy sources for generating power in the US. On account of the growing requirements of different industries and enterprises, power consumption is increasing significantly, which, in turn, is impelling the market growth. Moreover, the growing warehouse and storage facilities in the country is resulting in the escalating demand for busbars with low power ratings. Besides this, the Government is planning to upgrade the existing transmission and distribution (T&D) infrastructure, which is expected to create a positive outlook for the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States busbar market report, along with forecasts at the country and regional level from 2024-2032. 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:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
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, Region |
Region Covered |
Northeast, Midwest, South, West |
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) |
Key Questions Answered in This Report:
- How has the United States busbar market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States busbar market?
- What are the key regional markets?
- What is the breakup of the market based on the power rating?
- What is the breakup of the market based on the conductor?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States busbar market and who are the key players?
- What is the degree of competition in the industry?