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Busbar Trunking Systems Market Size By System (Electrostatic Precipitators, Catalytic Systems, Absorbers, Scrubbers), By Industry (Power Plants, Chemicals and Petrochemicals, Cement, Metal, Manufacturing) & Forecast, 2023 - 2032

  • Report ID: GMI2217
  • Published Date: May 2023
  • Report Format: PDF

Busbar Trunking Systems Industry Analysis

Busbar Trunking Systems Market size surpassed USD 2.4 billion in 2022 and is anticipated to register 10.4% CAGR from 2023 to 2032 owing to the surging electricity demand coupled with rising need for the refurbishment of prevailing electrical setup.

 

Busbar Trunking Systems Market

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Rising demand for the restoration of prevailing electrical networks and a shift toward the development of existing infrastructure across developed countries have further integrated a favorable industry growth. The influx of advanced, efficient, and secure power distribution technology has infused a sustainable business platform for the busbar trunking system sector. Although, manufacturers and suppliers have consistently been streamlining their R&D investments to expand and enhance product portfolios, fresh investments from leading participants to incorporate a versatile technological platform has been a considerable breakthrough. The global market for busbar is set to cross USD 31.6 billion by 2032.
 

Growing inclination of end consumer tendencies toward the deployment of energy efficient component with an aim to safeguard the living environment and enhance the life expectancy of the electric infrastructure have further added value to the busbar trunking systems market. Furthermore, the transforming electricity landscape due to the fourth industrial revolution is becoming more complex with evolving systems & solutions, thus leading to unprecedented shift in the electrical transmission & distribution systems.
 

Rapid digitalization across the industrial peripheral has appreciably infused a competitive business scenario due to the increasing energy demand from communication base stations & data centers. The data centers face the challenge of operating with a distinct approach for power distribution in mission-critical facilities. The challenge to mitigate financial losses due to system downtime issues necessitated the demand for a solution to provide a reliable distribution, thereby enhancing the adoption of busbar systems across these facilities.
 

COVID- 19 Impact

COVID-19 pandemic has posed challenges to the large scale-disruptions of supply & demand from the consumers along with wide scale closure of industrial operations has significantly impacted the busbar trunking systems market growth specially manufacturing & cement application industry. In addition, operational disruptions in mining of raw materials significantly impacted metal processing & mining and chemical & petrochemical industries, thereby reduced the deployment & retrofitting of systems different industry verticals.
 

Busbar Trunking Systems Industry Trends

Increasing product demand in commercial and industrial sector where busbar trunking systems are widely used for power distribution is anticipated to increase the industry scenario led by increasing energy demand. The growing construction activities and infrastructure development in these sectors are driving the demand for these systems. Additionally, with the increasing emphasis on energy conservation and sustainability, the product is being designed and manufactured to be more energy efficient. Companies are incorporating advanced technologies and materials to reduce power losses and improve overall system efficiency.
 

Morover, rapid growth in renewable energy installation including solar and wind power is driving the busbar trunking systems market demand to efficiently distribute the generated power. These systems provide a reliable and safe solution for transferring electricity from renewable sources to the grid or local loads. Compliance with international safety standards ensures the reliability and safe operation of these systems.
 

Busbar Trunking Power Rating Segmentation

Busbar Trunking Systems Market Size, By Power rating, 2021 - 2032 (USD Billion)

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Lighting systems have current ratings ranging from 25A to 40A. These systems are adapted for socket circuits requiring single-phase power. Easy installation and lightweight property will make their deployment suitable across light commercial areas. The burgeoning demand for hassle-free power distribution systems in overhead & raised floor and false ceilings will make their adoption preferable, thereby expediting the industry growth. Adoption of low voltage systems in primary and secondary distribution channels along with favorable initiatives toward the expansion of distribution networks will further enhance the industry landscape.
 

Increasing concerns catering to energy consumption and environmental sustainability, there is a rising focus on energy-efficient solutions in the market. However, the integration of smart technologies in the lightning busbar trunking systems market is gaining traction. These systems are equipped with advanced monitoring and control capabilities, allowing real-time power monitoring, fault detection, and remote control. Smart features enabled better energy management, improved system reliability, and proactive maintenance.
 

Busbar Trunking Systems Application Segmentation

Busbar Trunking Systems Market Revenue Share, By Application, 2022

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Increasing emphasis on the integration of wide-ranging frequency distribution links along with growing concerns for energy-efficiency will stimulate the demand for industrial busbar trunking systems. Electric power companies are tapping new technologies to serve the increasing industry demand. With the industrial sector focusing to combine more cost and utilization control, the adoption of these systems will further grow at a significant pace. The onset of the fourth industrial revolution is further marking the future demand for various cost-effective equipment and technologies, thereby continuously reshaping the entire industrial scenario.
 

Busbar Trunking Systems Regional Analysis

Asia Pacific Busbar Trunking Systems Market, 2021 - 2032 (USD Billion)

Surging electricity demand coupled with growing point of connection will augment the Asia Pacific busbar trunking systems market. Over the past decade, the power sector in the region witnessed a remarkable growth owing to increased population and rapid industrialization. However, power losses remain a major issue across the industry. China's power transmission losses amount to around five percent of total production output. In 2021, around 5.26 percent of all power generated was lost owing to transmission and distribution resistance. Technical inefficiency and electricity theft are the major reasons for T&D losses. To deal with the situation, several regulations and compliances have been introduced to manufacture energy-efficient distribution systems. Countries including China and India are considered as potential markets as they continue to modernize and expand their existing power capacities and infrastructure.
 

Electricity demand across the region has pre-dominantly been driven by its ongoing and planned commercial expansions. Henceforth, the demand for distribution components to cater to the energy demand has distinctly been high. Furthermore, growing focus towards the development of special economic zones coupled with subsequent investment flow will significantly drive the demand for distribution components, including BBT systems.
 

Busbar Trunking Systems Industry Leaders

Major busbar trunking systems market players includes Eaton, Siemens, EAE, Schneider Electric, ABB, L&T Electrical & Automation, C&S Electric Limited, Legrand, Godrej, Naxso S.r.l, MEGABARRE EUROPE SRL, Effibar, NOVA Electrical Co., Entraco Bks Busducts Pvt. Ltd., Gersan Elektrik A.?. Enhanced espousal of cost & energy efficient alternatives to obsolete cable power distribution systems will offer opportunities for the manufacturers to develop innovative products, thereby boosting the industry dynamics.
 

Busbar Trunking Systems Industry News

  • In January 2023, the U.S. government invested USD 2.7 billion to enhance & expand rural electric infrastructure in the country. The plan is anticipated to expand & modernize the nation’s rural electric grid along with increasing grid security, thereby adding to the overall industry growth.
     
  • As per ETH Zürich University, the European commission has announced that the region needs over USD 320 billion annual infrastructure investment to achieve net zero emission targets. In addition, the investments in infrastructure in Europe has to increase to over USD 302 billion annually until 2025 to for net-zero targets. This is anticipated to spur the growth in electric infrastructure in the region, thereby anticipated to augment the business scenario.
     

This busbar trunking systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By Insulation

  • Sandwich
  • Air Insulated

Market, By Power Rating

  • Lighting
  • Low
  • Medium
  • High

Market, By Conductor

  • Copper
  • Aluminum

Market, By Application

  • Industrial
    • Power
    • Oil & Gas
    • Process
    • Transportation
    • Manufacturing
  • Commercial
    • Education
    • Retail
    • Hospitality
    • Societies
    • Healthcare
    • Others
  • Utility

The above information has been provided for the following regions across the regions.

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Italy
    • Spain
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Middle East
    • Saudi Arabia
    • UAE
    • Iran
  • Africa
    • South Africa
    • Egypt
    • Nigeria
  • Latin America
    • Brazil
    • Argentina
    • Chile

 

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of busbar trunking systems exceeded USD 2.4 billion in 2022 and will progress at 10.4% CAGR during 2023 to 2032 propelled by the increasing electricity demand, coupled with the rising need for the refurbishment of prevailing electrical setup.

The lighting systems segment is poised to grow considerably through 2032 on account of rising demand for hassle-free power distribution systems across overhead & raised floors and false ceilings.

The utility application segment held a considerable share of the busbar trunking systems industry in 2022 attributed to increasing emphasis on the integration of wide-ranging frequency distribution links, along with growing concerns for energy efficiency.

Asia Pacific busbar trunking systems sector is slated to expand significantly by 2032 as a result of growing electricity demand, coupled with growing points of connection in the region.

Major firms operating in busbar trunking systems industry are Eaton, Siemens, EAE, Schneider Electric, ABB, L&T Electrical & Automation, C&S Electric Limited, Legrand, Godrej, Naxso S.r.l, MEGABARRE EUROPE SRL, Effibar, NOVA Electrical Co., Entraco Bks Busducts Pvt. Ltd., Gersan Elektrik A.?.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 764
  • Countries covered: 22
  • Pages: 570
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