Busbar Trunking Market Size, Share, Growth Report 2030

Busbar Trunking Market

Busbar Trunking Market By Conductor (Aluminum and Copper), By Power Ratings (Low Power Range, High Power Range, Lighting Power Range and Medium Power Range), By Insulation (Sandwich Insulation and Air Insulation), By End Use Industry (Process Industry, Renewable Power Generation, Public Infrastructure, Manufacturing Industry, Commercial, Large Residential and Transportation) and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 23-Nov-2021 Category: Heavy Industry Report Format : PDF Pages: 188 Report Code: ZMR-1091 Status : Published

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.

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.

Global Busbar Trunking Market

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 :

Report Attribute Details
Base Year 2022
Historic Years 2018 - 2022
Forecast Years 2023 - 2030
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2023 to 2030
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.    

Global Busbar Trunking Market Share

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.

Global Busbar Trunking Market Regional Analysis

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

Table Of Content

Methodology

FrequentlyAsked Questions

The Global Busbar Trunking Market was valued at USD 6.97 Billion in 2020.

The Global Busbar Trunking Market is expected to reach 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.

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 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.

Some of the major companies operating in the Global 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.

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