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 (U.S., Canada, Mexico, UK, Russia, Italy, Spain, France, Germany, Sweden, Saudi Arabia, UAE, Iran, Qatar, Iraq, Oman, Turkey, South Africa, Egypt, Nigeria, Algeria, China, India, Japan, Australia, South Korea, Malaysia, Indonesia, Singapore, Thailand, New Zealand, Philippines, Brazil, Peru, Argentina), Competitive Market Share & Forecast, 2017 – 2024

Industry Trends

Global Busbar Market size for 2016 was valued over USD 13 billion and is predicted to surpass 4 million tons by 2024.
 

                    Germany Busbar Market, By Power Range, 2016 & 2024 (USD Million)

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Increasing demand for uninterruptable and reliable supply of electricity along with rising concern to reduce energy losses across transmission and distribution lines will fuel the busbar market size. Growing investments toward construction and infrastructure establishment along with rapid urbanization are some of the key parameter propelling the electricity demand across the globe.
 

Ongoing investments toward modernization and renovation of existing transmission networks along with growing adoption of smart grid technology will positively influence the busbar market size. Ability to reduce hassle of wires, transmit bulk power over long distances, flexibility of tap-off locations, less heat dissipation and trifling fire risks will make its adoption preferable.
 

Technological advancement in the structural integrity of conductor to improve efficiency, maintain electrical flow, reduce installation time and complexity will stimulate the busbar market share. Volatile raw material price may act as industry restraint.
 

Busbar Market, By Material

Resilience to higher temperatures, resistance to damage, high conductivity, long lifespan and provision of extra security during occurrence of short circuit are some of the key parameters which will foster the copper busbar market share. These materials are suitable for low power applications areas including educational institutes and computer suites.
 

Aluminum busbar market size in 2016, was valued over USD 3.5 billion. Cost effectiveness, ease of availability and ability to double the conductivity per mass when compared with copper are some of the key benefits which will enhance the product penetration. It finds wide applications across overhead high-power transmission lines.
 

Busbar Market, By Power Range

Low power (≤ 600V) in 2016, accounted for over 25% of global busbar market share. Ability to distribute power to light fixture across industrial and commercial establishments will stimulate the product adoption. It finds wide application in switchboard and distribution panels across residential, industrial and utilities applications. These products can be installed in technical floors and false ceiling. Shift in trends toward integration of energy efficient solution into green building infrastructure will further complement the industry growth.
 

Refurbishment and renovation of ultra-high transmission lines to reduce transmission losses will propel the high-power busbar market growth.  Effective long route electricity supply and lower sagging are some of key benefits which will enhance product penetration. Growing focus toward development and deployment of HVDC transmission networks to suffice electricity demand will further complement the industry outlook. The product is suitable for distribution of electricity across commercial, industrial, and service sectors.
 

Busbar Market, By Application

Industrial applications in 2016, accounted for over 40% of global busbar market share. The product plays vital role across transmission and distribution substations, power generation project, where they find wide applications in electrical & electronic equipment including motor controls, transformers, motor controls and distribution boards. Ongoing expansion of existing transmission grid network will positively influence the industry landscape. Its ability to offer high efficiency, ease of installation and low space requirement will make its adoption preferable over cables.
 

Residential & commercial busbar market is predicted to witness strong growth owing to rapid commercialization and urbanization along with increasing electricity demand. Growing investments toward development of commercial and residential establishment will further complement the industry landscape.

Busbar Market, By Region

The U.S. busbar market size is predicted to exceed USD 2 billion by 2024. Introduction of government initiatives to promote the development of smart grid network will stimulate the industry growth. In 2016, U.S. department of energy announced to fund USD 220 million to upgrade the nation power grid network. Technological advancement in electrical equipment design to enhance efficiency along with growing adoption of effective grid support units will complement the business growth.
 

Growing demand for sustainable energy along with favorable government measures to promote the rural electrification reforms will fuel India busbar market share. Emerging demand for adoption of cost effective and energy efficient alternatives to power cables across residential, commercial and industrial sector will further complement the business growth.
 

Germany in 2016, accounted for over 16% of Europe busbar market share. Ongoing expansion of high voltage T&D lines along with establishment of microgrids network to support power generation facilities will further complement the industry outlook. In 2014, according to IEA, approximately USD 650 billion required for European Union electricity grids by 2035.
 

Competitive Market Share

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

Continuous innovation in product design to enhance efficiency has been witnessed in the industry to enhance product penetration. In 2016, Rittal introduced compact busbar power range with maximum current up to 125A to provide contact hazard protection for controller and switchgear.
 

Busbar Industry Background

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Busbar is an electrical bar or conductor used to supply power to multiple circuits in parallel. It can also be used as a common tapping point for neutral terminals or multiple ground. It finds wide applications across residential, commercial and industrial establishment for electricity distribution owing to its ability to reduce hassles of cable and less heat dissipation. Growing demand for energy efficient buildings, green technologies and introduction of incentive to minimize power loss are some of the underlined parameters which will boost the product demand across the globe.
 

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