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Busbar Trunking Systems Market Analysis

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

Busbar Trunking Systems Market Analysis

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 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.

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

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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.

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.?.

Busbar Trunking Systems Market Scope

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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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