Busbar Trunking System Market Size By Insulation (Sandwich, Air-insulated), By Power rating (Lighting, Low, Medium, High), By Conductor (Copper, Aluminum), By Application {Industrial (Power, Oil & Gas, Process, Transportation, Manufacturing)}, {Commercial (Education, Retail, Hospitality, Societies, Healthcare, Others)} Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Russia, Italy, Spain, France, Germany, Sweden, China, India, Japan, Australia, South Korea, Indonesia, Saudi Arabia, UAE, Iran, Qatar, Iraq, Oman, Turkey, South Africa, Egypt, Nigeria, Algeria, Argentina, Venezuela, Brazil, Colombia), Application Potential, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Nov 2017 | 230 Pages | Report ID: GMI2217 | Authors: Ankit Gupta, Aditya Singh Bais Report Format: PDF

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Industry Trends

Busbar Trunking System Market size for 2016 was valued over USD 5 billion and is set to witness gain over 7% by 2024.

Europe Busbar Trunking System Market Size, By Power Rating, 2016 & 2024 (USD Million)
Europe Busbar Trunking System Market Size, By Power Rating, 2016 & 2024 (USD Million)

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Rising demand for reliable and uninterrupted supply of electricity in developing economies coupled with stringent government directives to curb T&D losses will drive the market. Ease of installation, low costs and the ability to effectively transmit bulk power over long distances have significantly favored the adoption of these products over traditional cables. Rapid urbanization backed by growing construction and infrastructure spending will further complement the product penetration.

Growing investments to modernize the aging electricity network coupled with increasing adoption of smart grid technology will significantly enhance the busbar trunking system market. Installing such system avoids the plethora of cables in power transmission network and can reduce the ample space covered by the cables. Minimal heat dissipation, flexibility of tap-off locations, and trifling fire risks will positively impact its adoption globally. As per International Energy Agency (IEA), an estimated investment of USD 9.7 Trillion must be made to meet the global generating capacity till 2035 along with USD 7.2 Trillion to replace and install T&D grids.

Busbar Trunking System Market, By Insulation

Sandwich busbar trunking system market is projected to witness growth of over 8% by 2024. The product finds application across industrial and commercial sectors where power distribution to electrical loads is required. Its ability to provide efficient mechanical protection, high flexibility, easy installation and relocation makes it an ideal intelligent replacement to the traditional cable networks.

Air-insulated busbar trunking system market will grow owing to its ability to withstand at high surge currents during short circuits which make it a preferable option across construction industries.

Busbar Trunking System Market, By Power rating

Lighting busbar trunking system market will exhibit strong growth rates owing to its wide adoption across large residential and commercial buildings. Ease of installation, high degree of flexibility and low fire load features make them the ideal solution for lighting and low power distribution. Burgeoning demand of safe and hassle-free power distribution system in false ceilings, overhead and raised floors will further expedite the industry growth.

Low voltage in 2016, accounted for over 25% of the global market share. These are the most extensively installed trunking system and are preferably suitable for various residential, commercial and industrial end-users.

Busbar Trunking System Market, By Conductor

Copper busbar trunking system market is anticipated to exceed USD 5 billion by 2024.Over the coming years the demand of such systems is anticipated to witness modest growth due to their high resistivity ratio, compact size and ability effectively transmits large current at minimal losses.

Rising copper prices along with technical improvements in aluminum quality will augment the aluminum busbar trunking system market share. Ability to carry high loads over long distances and its efficiency as a distribution system in data centers have augmented the product adoption. The Government of China has projected investments of over USD 315 billion from 2015 – 2020 to improve its grid infrastructure by using cheaper aluminum-based system instead of copper.

Busbar Trunking System Market, By Application

The industrial busbar trunking system market is projected witness major growth prospects on account of growing penetration of manufacturing facilities across Asia Pacific and MEA countries. In 2015, UAE planned to undertake investments worth USD 34.6 billion towards the development of new manufacturing stations throughout the nation.

High flexibility, easy installation and retrofitting coupled with improved safety features are some of the key underline parameters which will drive the commercial busbar trunking system market. Continuing smart control networking activities coupled with enhancing distribution generation technologies will further augment the business growth.

Busbar Trunking System Market, By Region

The U.S. market is anticipated to witness substantial growth owing to the rising government concerns to refurbish and replace the obsolete power cables. Low load growth coupled with growing carbon emissions will further augment the product adoption. As per IEA, global electricity investments rose by 6% from 2015 amounting to USD 277 billion in 2016. The U.S. contributed over 17% in the global investment with prime focus on replacement of the obsolete T&D assets.

Spain market is projected to exceed USD 250 million by 2024. Rising electricity demand along with stringent government measures to reduce carbon emission have spurred a shift towards the renewable energy sector. Extensive use of high voltage transmission and distribution lines coupled with continual accession of micro-grids to support the power plants will further propel the business outlook. As per the Global Wind Energy Council (GWEC), the country’s wind energy installed capacity expanded extensively by reaching an all-time high of 2,026 MW in 2016.

Increasing demand for sustainable energy coupled with growing investments towards grid modernization and expansion will drive the China market. Practices of adoption of energy efficient and cost saving alternatives to power cables by the end-users across industrial, commercial and residential sectors will further complement the business outlook.

Competitive Market Share

Notable participants in the industry include Siemens, ABB, Schneider Electric, Legrand, Larsen & Toubro, General Electric, Eaton, C&S Electric, ARJ Group, Godrej & Boyce, Effibar, DBTS, Naxso, Megabarre and MK Electric.

Companies are majorly focusing towards development of long term strategic partnerships with the leading regional players in order to raise their global presence.

Busbar Trunking System Industry Background

Busbar Trunking System Market Segmentation

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Busbar trunking system involves the distribution of electricity through sets of aluminum/copper bus bars enclosed within a suitable insulator having a high degree of safety against foreign bodies. Its characteristics involves high flexibility in design, tap-off units where power can be taken off and distributed to the required place, high efficiency with minimal loss of energy, compact size providing space savings, easy and simple installation.


What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
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6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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