Busbar Trunking Market Size, Share, Growth Report 2032

Market Overview

The Global Busbar Trunking Market accounted for USD more than 6.97 Billion in 2020 and is expected to reach more than USD 12.16 Billion by 2028, growing at a CAGR of more than 7.2% from 2021 to 2028.

Busbar Trunkings is a system that consists of electrical distribution system that is prefabricated and is covered by a highly protective enclosure that includes components such as devices, fittings, straight lengths, accessories and elbows. They generally have application in many commercial and industrial firms in order to offer safe, secure, efficient and ideal distribution network system. The market is showing growth due to the stringent government rules and regulations regarding the efficient use of electricity. Moreover, with technical advancement and operational efficiency is driving the market growth.

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COVID-19 Impact Analysis

Covid-19 pandemic has impacted and has negatively affected almost all the sectors across the globe. With the rise in the covid-19 cases the government has implemented lockdowns as a precautionary measure that has not only impacted the growth of market but has also devasted the economic condition of the nations across the globe. The pandemic has created an incomparable global public health emergency and has been affecting industries and has devasted the supply chain and has negatively affected the global busbar trunking system market. People have significantly reduced spending on the non-essential activities and has significantly reduced the Global Busbar Trunking Market.

Growth Factors

The rising demand for enhanced safety, cost efficiency and reliability in power distribution system which has been increasing the demand for the busbar trunking system. The distribution system used in electricity is prefabricated and consists of a set of aluminum or copper bus bars that are enclosed with suitable protection against any foreign materials. The busbar system has emerged as an effective and efficient, safe and ideal electric supply and distribution system that can be used in industrial installations and high-rise buildings.

Moreover, the market is gaining prominence over the normal cable system due to the advantages that is offered by the busbar trunking system such as cost-effectiveness, safe secure and offers an efficient and effective electricity system. The market is also expanding due to the fast-gaining popularity of the busbar trunking in a wide range of sector such as industrial and commercial firms. In addition, it also provides ease in mounting and has a flexibility in distribution of electrical system.

Report Scope :

Insulation Segment Analysis Preview

Sandwich Insulation segment held a share of around 56.43% in 2020. This is attributable to the high mechanical strength and the waterproofing capacity possessed by the sandwich insulation. The sandwich insulation refers to the cast resin insulated that serves as a system that can withstand glitches and spikes in electric system so that the system can run stably and reliably. The insulation segment is bifurcated into sandwich and air insulation. The air-insulation is also used commercially and residentially and is highly flexible and saves lots of time but the sandwich insulation has benefits over the air insulation such as safety and security, compactness, energy efficiency, low cost and fire-retardance.    

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End Use Industry Segment Analysis Preview

Industrial segment will grow at a CAGR of more than 6.78% from 2021 to 2028. This is attributable to the increased adoption of energy efficient practices, governmental implementation regarding the saving of electricity and rise in of focus on energy efficient systems in the sector. Moreover, majority of the energy consumption from the industrial sector comes from energy intensive manufacturing industries specifically from the industries such as steel, iron, non-ferrous metals, refining, chemicals occupy more than half of the share of energy consumption of the industrial sector.

Regional Analysis Preview

The Asia-Pacific region held a share of more than 19.67% in 2020. The region is expected to show the highest growth in the forecast period. The growth is attributable to the extensive use, adoption of busbar trunking system in the transportation and distribution all across the globe and the advantages offered by the busbar trunking system such as better resistance, higher heat absorption capacity and flexibility. The region has presence of some developing countries such as India and China that has major share in the manufacturing sector. The region also has an increasing electricity demand from the industrial sector and a surge in the industries in this region has also been anticipated to show a significant growth in the forecast period.

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The North American region is projected to grow at a CAGR of more than 4.26% over the forecast period. The region has one of the highest shares of the global busbar trunking system which is followed by Europe. The growth in this region is attributable to the growth of manufacturing industries and buildings being used for commercial purposes.

Key Market Players & Competitive Landscape

Some of key players in Busbar Trunking Market are ABB Ltd., Larsen & Toubro, Schneider Electric Eaton Corporation, Plc, Siemens AG, Legrand SA, General Electric, C&S Electric Limited and Godrej & Boyce Manufacturing Company Limited.

The Global Busbar Trunking Market is segmented as follows:

By Conductor

• Aluminum
• Copper

By Power Rating

• Low Power Range
• High Power Range
• Lighting Power Range
• Medium Power Range

By Insulation

• Sandwich Insulation
• Air Insulation

By End Use Industry

• Industrial
• Commercial
• Large Residential
• Transportation

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa