October 22, 2024 07:41 ET | Source: Research and Markets Research and Markets
Dublin, Oct. 22, 2024 (GLOBE NEWSWIRE) -- The "Busbar Market by Material (Copper, Aluminum), Power Rating, Insulation (Laminated, Powder-coated, Bare), Manufacturing Process (Molded, Stamped, Hybrid, Flexible), End-use and Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The global busbar market is expected to grow significantly from an estimated USD 15.10 billion in 2024 to USD 19.70 billion by 2029, at a CAGR of 5.5% during the forecast period. outdoor busbar trunking systems
The rising demand for efficient power distribution systems is driving the busbar market, as industries and urban infrastructure expansion require reliable energy solutions. Busbars, often made of copper or aluminum, are critical components in minimizing energy loss and ensuring effective power management. Governments and industries are increasingly focusing on modernizing power grids and integrating renewable energy sources, and busbars are essential in achieving these goals. The increasing need for sustainability, energy efficiency, and the transition to green energy solutions are expected to fuel the demand for busbars across utilities, industrial, and residential sectors globally. Commercial & residential, by end use, is expected to be the largest-growing segment from 2024 to 2029 The commercial & residential segment is projected to be the fastest-growing end-use sector in the busbar market from 2024 to 2029. This growth is driven by increasing urbanization, infrastructure development, and the growing demand for energy-efficient power distribution systems in buildings. Busbars play a crucial role in reducing energy losses and optimizing electrical distribution in residential complexes, commercial buildings, and smart city infrastructure. With governments and developers focusing on sustainable energy solutions and smart grids, the commercial & residential sector is expected to witness robust demand for busbar systems, particularly in densely populated and rapidly developing regions like Asia-Pacific. Laminated, by insulation type, is expected to be the fastest-growing market from 2024 to 2029
The laminated busbar segment, by insulation type, is projected to be the fastest-growing market from 2024 to 2029 due to its superior electrical performance and enhanced safety features. Laminated busbars offer reduced inductance, lower voltage drop, and improved heat dissipation, making them highly efficient for modern power distribution systems. The rise in demand for energy-efficient and compact solutions in industries such as power electronics, renewable energy, data centers, and electric vehicles is driving this growth. Additionally, the growing emphasis on reducing energy losses and improving system reliability, especially in high-demand sectors, makes laminated busbars a preferred choice for manufacturers and consumers alike.
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities for Players in Busbar Market 4.2 Busbar Market in Asia-Pacific, by Material and Country 4.3 Busbar Market, by Material 4.4 Busbar Market, by Insulation Type 4.5 Busbar Market, by Manufacturing Process 4.6 Busbar Market, by Power Rating 4.7 Busbar Market, by End Use 4.8 Busbar Market, by Region 5 Market Overview 5.1 Introduction
5.3 Trends/Disruptions Impacting Customer Business 5.4 Ecosystem Analysis 5.5 Value Chain Analysis 5.6 Technology Analysis 5.7 Pricing Analysis 5.8 Key Conferences and Events, 2024-2025 5.9 Tariff and Regulatory Landscape 5.10 Trade Analysis 5.11 Patent Analysis 5.12 Investment and Funding Scenario 5.13 Porter's Five Forces Analysis 5.14 Key Stakeholders and Buying Criteria 5.15 Case Study Analysis
5.16 Impact of Gen AI/AI in Busbar Market 5.17 Macroeconomic Outlook for Busbar Market 6 Busbar Market, by Insulation Type 6.1 Introduction 6.2 Laminated 6.3 Powder-Coated 6.4 Bare 7 Busbar Market, by Manufacturing Process 7.1 Introduction 7.2 Molded 7.3 Stamped 7.4 Hybrid 7.5 Flexible 8 Busbar Market, by Material 8.1 Introduction 8.2 Copper 8.3 Aluminum 9 Busbar Market, by Power Rating 9.1 Introduction 9.2 Low (Below 250 A) 9.3 Medium (250-800 A) 9.4 High (Above 800 A) 10 Busbar Market, by End Use 10.1 Introduction 10.2 Utilities 10.3 Industrial 10.4 Locomotive 10.5 Renewables 10.6 Automotive 10.7 Commercial & Residential 11 Busbar Market, by Region 12 Competitive Landscape 12.1 Overview 12.2 Key Player Strategies/Right to Win, 2022-2024 12.3 Market Share Analysis, 2023 12.4 Revenue Analysis, 2019-2023 12.5 Company Valuation and Financial Metrics 12.6 Brand/Product Comparison 12.7 Company Evaluation Matrix: Key Players, 2023 12.8 Company Evaluation Matrix: Startups/SMEs, 2023 12.9 Competitive Scenario 13 Company Profiles 13.1 Key Players
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