Report ID : 1955 | Published : 2024-10-28 | Pages: 180 | Format: PDF/EXCEL
The Busbar Market Size is valued at 17.94 Bn in 2022 and is predicted to reach 26.15 Bn by the year 2031 at a 4.42% CAGR during the forecast period for 2023-2031. magnetic hydraulic circuit breaker
Busbar built from highly conductive metals has replaced the traditional ways of power distribution due to the necessity for efficient conductors and lower energy loss during transmission. As a result, it stimulates the market's expansion. The development of the busbar market is also aided by smart and green city principles. Busbar integration, which replaces cables and wired connectivity in current or planned projects for city or town developments, has a favourable impact on the market expansion.
Additionally, the market is growing as a result of a boom in the wind energy generation and distribution sector, which increases demand for busbars utilized at various stages of the power distribution process. The end-users can save money by installing the busbar quickly and easily. Due to the time and labour required by traditional procedures, this works as a market-driving force.
The Busbar market is segmented based on Conductor, Power Rating, And End-User. Based on the conductor, the market is segmented into Copper and Aluminum. By power rating, the market is segmented into low (Below 125 A), medium (125 A–800 A), and high power (Above 800 A). By end-user, the market is divided into utilities, commercial, industrial, and residential, in which the industrial division is subdivided into Chemicals & Petroleum, Metals & Mining, Manufacturing, and Others.
Copper dominates the market in terms of revenue due to the very high price of raw materials. Aluminum is expected to grow at a higher CAGR during the forecast period. Aluminum has high conductivity and efficiency. It is 70% lighter than copper, making it preferable by the end users. In addition, the loss of energy during the transmission is also lower in comparison to other materials, which results in increased demand for aluminum.
Due to its significant revenue market share, the industrial segment dominated the market. However, because of the concepts of smart and green cities, the commercial category is anticipated to rise at a greater CAGR. Busbars are quickly replacing traditional cables in the commercial sector because they are simple to install and save space. Busbars are being adopted by the commercial sectors, including buildings, corporate offices, department stores, retail malls, offices, and banking.
Due to rising investments in the busbar industry in emerging economies, Asia-Pacific has the largest market share for busbars overall. China dominates the busbar market in the Asia-Pacific region, then India. Due to growing market investments, India is anticipated to have the largest growth in the area. Due to the presence of big corporations, North America is predicted to experience the quickest growth in the busbar industry. The market in North America is dominated by the United States, which is predicted to develop faster than Canada.
Representation of revenue in US$ Bn and CAGR from 2023 to 2031
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
By Conductor, By Power Rating, By End-User
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia
Siemens, ABB, Schneider Electric, Eaton, TE Connectivity, Legrand, General Electric, Rittal GMBH & Co. KG, Mersen, Chint Electrics, Power Products, Promet AG, and C&S Electric Company
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Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions
Chapter 3. Global Busbar Market Snapshot
Chapter 4. Global Busbar Market Variables, Trends & Scope 4.1. Market Segmentation & Scope 4.2. Drivers 4.3. Challenges 4.4. Trends 4.5. Industry Analysis – Porter’s Five Forces Analysis 4.6. COVID-19 Impact on Industry
Chapter 5. Market Segmentation 1: By Conductor Estimates & Trend Analysis 5.1. By Conductor & Market Share, 2019-2031 5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Conductor:
Chapter 6. Market Segmentation 2: By End-Users Estimates & Trend Analysis 6.1. By Conductor & Market Share, 2019-2031 6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By End-Users:
6.2.1. Utilities 6.2.2. Residential 6.2.3. Commercial 6.2.4. Industrial End-Users
6.2.4.1. Chemicals & Petroleum 6.2.4.2. Metals & Mining 6.2.4.3. Manufacturing 6.2.4.4. Others
Chapter 7. Market Segmentation 3: By Power Rating Estimates & Trend Analysis 7.1. By Conductor & Market Share, 2019-2031 7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Power Rating :
7.2.1. Low Power (Below 125 A) 7.2.2. Medium Power (125 A–800 A) 7.2.3. High Power (Above 800 A)
Chapter 8. Busbar Market Segmentation 4: Regional Estimates & Trend Analysis
8.1.1. North America Busbar Market revenue (US$ Million) estimates and forecasts By Conductor, 2023-2031 8.1.2. North America Busbar Market revenue (US$ Million) estimates and forecasts By End-Users, 2023-2031 8.1.3. North America Busbar Market revenue (US$ Million) estimates and forecasts By Power Rating, 2023-2031 8.1.4. North America Busbar Market revenue (US$ Million) estimates and forecasts by country, 2023-2031
8.2.1. Europe Busbar Market revenue (US$ Million) By Conductor, 2023-2031 8.2.2. Europe Busbar Market revenue (US$ Million) estimates and forecasts By End-Users, 2023-2031 8.2.3. Europe Busbar Market revenue (US$ Million) estimates and forecasts By Power Rating, 2023-2031 8.2.4. Europe Busbar Market revenue (US$ Million) by country, 2023-2031
8.2.4.1. Germany 8.2.4.2. Poland 8.2.4.3. France 8.2.4.4. Italy 8.2.4.5. Spain 8.2.4.6. Pacific Busbar UK 8.2.4.7. Rest of Europe 8.3. Asia Pacific
8.3.1. Asia Market revenue (US$ Million) By Conductor, 2023-2031
8.3.2. Asia Pacific Busbar Market revenue (US$ Million) estimates and forecasts By End-Users, 2023-2031 8.3.3. Asia Pacific Busbar Market revenue (US$ Million) estimates and forecasts By Power Rating, 2023-2031 8.3.4. Asia Pacific Busbar Market revenue (US$ Million) by country, 2023-2031
8.3.4.1. China 8.3.4.2. India 8.3.4.3. Japan 8.3.4.4. Australia 8.3.4.5. Rest of Asia Pacific
8.4.1. Latin America Busbar Market revenue (US$ Million) By Conductor, 2023-2031 8.4.2. Latin America Busbar Market revenue (US$ Million) estimates and forecasts By End-Users, 2023-2031 8.4.3. Latin America Busbar Market revenue (US$ Million) estimates and forecasts By Power Rating, 2023-2031 8.4.4. Latin America Busbar Market revenue (US$ Million) by country, (US$ Million) 2023-2031
8.4.4.1. Brazil 8.4.4.2. Rest of Latin America
8.5.1. Middle East & Africa Busbar Market revenue (US$ Million) By Conductor, (US$ Million) 8.5.2. Middle East & Africa Busbar Market revenue (US$ Million) estimates and forecasts By End-Users, 2023-2031 8.5.3. Middle East & Africa Busbar Market revenue (US$ Million) estimates and forecasts By Power Rating, 2023-2031 8.5.4. Middle East & Africa Busbar Market revenue (US$ Million) by country, (US$ Million) 2023-2031
8.5.4.1. South Africa 8.5.4.2. GCC Countries 8.5.4.3. Rest of MEA
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2.1. ABB Ltd. (Switzerland), 9.2.2. Schneider Electric (France), 9.2.3. Siemens AG (Germany), 9.2.4. Eaton Corporation plc. (Ireland), 9.2.5. Legrand S.A. (France), 9.2.6. C&S Electric Company (India), 9.2.7. Eaton Corporation plc. (Ireland), 9.2.8. Mersen S.A. (France), 9.2.9. Schneider Electric SE (France), 9.2.10. CHINT Electric Co. Ltd. (China) 9.2.11. Rittal GMBH & Co. KG
Busbar Market By Power Rating-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
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Busbar Market Size is valued at 17.94 Bn in 2022 and is predicted to reach 26.15 Bn by the year 2031
Busbar Market expected to grow at a 4.42% CAGR during the forecast period for 2023-2031
Siemens, ABB, Schneider Electric, Eaton, TE Connectivity, Legrand, General Electric, Rittal GMBH & Co. KG, Mersen, Chint Electrics, Power Products, Pr
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