Busbar Market Size By Material {Copper (Electrolytic Tough Pitch, Oxygen Free), Aluminum}, By Power Range (Low, Medium, High), By Application (Commercial, Residential, Industrial) Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2019 – 2025

Industry Trends

Busbar Market size in 2018 was valued over USD 16 billion and the annual installation is predicted to exceed 5 million tons by 2025.
 

Get more details on this report - Request Free Sample PDF
 

Growing investments towards establishing effective power supply network with across residential, commercial and industrial establishment will drive the global busbar market size. Ability to supply high voltage power in building structures without additional space requirements will make its adoption preferable over other alternatives.
 

Increased in investments toward refurbishment and replacement of aging transmission networks coupled with rising adoption of smart grid technology will stimulate the market size over the forecast timeframe. Less heat dissipation, flexibility of tap-off locations, transmit bulk power over long distances, trifling fire risks and reduce hassle of wires are some of the key features positively influencing the product adoption.
 

Surging demand for reliable and continuous electricity supply coupled with growing focus to minimize energy losses across transmission and distribution lines will propel the market share. Rapid urbanization along with increasing funding toward infrastructure development are some of the indispensable factors enhancing the electricity demand across the globe. In 2018, according to IEA, the global electricity consumption rose by 4% from 2010.
 

Get more details on this report - Request Free Sample PDF
 

Busbar Market, By Material

Get more details on this report - Request Free Sample PDF
 

Copper busbar market will witness growth on account of its ability to transmit large currents with minimal losses and high resistivity. Long lifespan, higher conductivity, enhanced security features and high threshold from damage are some of the other highlighted features which will further complement the industry landscape.
 

Aluminum segment will expand over 6% by 2025. It find wide applications across large-power overhead transmission network owing to its high mechanical strength and light weight features. Ability to carry higher loads over longer distances and cost effectiveness over other available alternatives will further accelerate the product adoption.
 

Busbar Industry, By Power Range

Get more details on this report - Request Free Sample PDF
 

High power segment is anticipated to surpass USD 7 Billion by 2025. Positive outlook toward modernization of ultra-high transmission lines to minimize line losses and suffice electricity demand will stimulate the business outlook. Lower sagging and effective supply features over long route will positively influence the product demand.
 

Low power (≤ 600V) busbar market will witness growth on account of its ability to distribute power efficiently to light fixture across commercial and industrial sector. These product finds wide application in distribution panels and switchboard and across utilities, industrial and residential sectors. Ongoing investments in renovation and refurbishment of existing commercial facilities along with positive outlook toward development of industrial sector will stimulate the business landscape.

Busbar Industry, By Application
 

Get more details on this report - Request Free Sample PDF
 

Commercial accounted for over 40% of global market share in 2018. Increasing electricity demand on account of rapid urbanization and commercialization will propel the business landscape. In addition, introduction of energy conservation programs to enhance the energy efficiency across commercial establishment including business centers and shopping complexes will further enhance the industry growth.
 

Industrial busbar market share will witness surge owing to positive outlook toward manufacturing industry along with strong economic growth. Increasing foreign direct investments toward electricity distribution & generation coupled with rising public and private funding in development of infrastructure will further complement the business landscape.
 

Busbar Market, By Region

Get more details on this report - Request Free Sample PDF
 

The U.S. market will witness growth on account of favourable measures to replace the conventional power supply systems from energy efficient technologies to reduce transmission losses. Ongoing technological innovations in the structural integrity of conductor to reduce installation time & complexity, maintain electrical flow, enhance efficiency, will further complement the industry dynamics.
 

Growing adoption of high voltage transmission networks to cater the continual increase in the electricity demand will accelerate the Europe busbar market size. Furthermore, increased in investments toward development of energy infrastructure project to support electricity generation units will further complement the business growth. For instance, in January 2019, EU announced to invest USD 896.1 Million in energy infrastructure project, where smart grid and electricity accounted for USD 564.5 Million.
 

China busbar industry size was valued over 2 billion in 2018. Increasing investments toward modernization and expansion of grid along with growing efforts to meet the electricity supply & demand mismatch will augment the industry growth. In 2018, as per the China Electricity Council (CEC), the electricity consumption across the nation increased to 6.84kWh, i.e. 1.7% higher from 2017.
 

Competitive Market Share

Notable industry players across busbar market share include Littlefuse, Halcor, Methode Electronics, Schneider Electric, MERSEN, Rittal, Southwire Company, Oriental Copper, Pentair, Godrej & Boyce Mfg, Busbar power range Belgium, Siemens AG, Legrand Group, ABB, Bhagyanagar India, Eaton and C&S electric.
 

Industry has witnessed several technological innovations in product design to reinforce product adoption. Cost competitiveness, wide distribution channels and regulatory conformance are the some of the key strategic assets for an industry player to enhance competitiveness in the business.

Industry Background  

Busbar is a metallic strip or electrical bar used to distribute power, with flexibility & greater ease to multiple circuits in parallel. These products are suitable for electricity distribution across residential commercial & industrial buildings on account of their ability to offer faster installation, cost competitiveness, less heat dissipation and reduce hassles of cable.