Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “North America busbars market” that contains the information from 2019 to 2035.
The North America busbars market is estimated to register a CAGR of 6.80% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the North America busbars market— Siemens, Starline Power, Gersan, ABB, LS Electric America, Eaton, Schneider Electric, Mersen, Legrand, Chint Group, Anord, Promet AG, and Others.
North America busbars market Highlights
The North America busbars market is accounted for to register a CAGR of 6.80% during the forecast period and is estimated to reach USD 4,918.3 million by 2035.
Technological advancements in electrical systems and power distribution networks are one of the key driving factors for the North America busbars market. The introduction of smart grids, smart meters, and IoT-enabled power management systems has significantly enhanced the way electricity is distributed and consumed. Busbars are integral to these modern electrical systems as they allow for efficient power flow and easy integration with digital monitoring and control systems. The rise of digitalization in the energy sector is pushing the adoption of smart busbars equipped with sensors that monitor temperature, current, and other performance metrics in real-time. These smart busbars can detect potential issues such as overheating or overloads before they become critical, enabling proactive maintenance and improving system reliability. Additionally, smart busbars can communicate with centralized control systems, allowing for better optimization of energy usage and enhanced grid management. As North America continues to invest in and expand its smart grid infrastructure, the demand for advanced busbars that can support these technologies will continue to rise. These innovations are particularly relevant in data centers, commercial buildings, and manufacturing facilities that require continuous, reliable power for their operations.
Additionally, the global shift toward renewable energy sources such as solar, wind, and hydroelectric power has significantly impacted the North American energy landscape. As countries in the Country strive to reduce their carbon footprint and move toward more sustainable energy solutions, the demand for renewable energy projects has grown substantially. The integration of renewable energy into the existing power grid requires robust, scalable, and efficient systems that can manage the variable nature of renewable energy production. Busbars are vital components in these renewable energy systems, particularly in solar photovoltaic (PV) farms, wind power plants, and battery storage systems. In solar power installations, busbars are used in the inverter systems and combiner boxes to connect multiple solar panels and facilitate the transmission of power from the panels to the grid. Similarly, in wind power plants, busbars help transfer the generated electricity from the turbines to the grid. The increasing penetration of renewable energy in North America is driving the need for advanced power distribution solutions like busbars, which can handle the fluctuating and decentralized nature of renewable energy production.
Furthermore, with the expansion of electric vehicle (EV) infrastructure, busbars are becoming essential for fast-charging stations and battery energy storage systems (BESS). Busbars provide efficient current transmission, helping to reduce energy losses and improve system performance in renewable energy applications. As renewable energy projects continue to grow across North America, the demand for busbars will naturally increase, making them a key component in the Country’s transition to a more sustainable energy future.
Segment Analysis
The North America busbars market has been segmented based on Conductor, Power Rating, End-User, and Country.
The North America busbars market segmentation, based on conductor has been segmented into copper and aluminum. Among these, the copper segment is projected to dominate the North America busbars market revenue through the projected period. Based on power rating it has been segmented into low power (upto 800 ampere), medium power (> 800 to 2500 ampere) and high power (above 2500 ampere) in the North America busbars market, low power (upto 800 ampere) is projected to dominate the North America Busbars market revenue through the projected period.
In End-User segment, the market is categorized commercial, residential, industrial and utilities. Out of which the commercial segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well.
Country Analysis
By Country, the busbars market is segmented into U.S., Canada, and Mexico. U.S. busbars market holds the considerable market share and is also forecasted to hold the largest share during the forecast period. The U.S. is investing in the modernization of power infrastructure in order to enhance reliability, efficiency, and sustainability. The rise in the modernization of power infrastructure in the U.S. is accelerating the demand for busbars as ideal for reducing transmission loss, which in turn, is fostering the market growth. Furthermore, the increasing commercial project developments are augmenting the adoption of busbars to ensure robust electrical systems, thereby driving the growth of the U.S. busbars market.
Canada is also experiencing significant growth in the busbars market, driven by its increasing energy demand and efforts to diversify its energy sources. The growth of the electric vehicle manufacturing setups, integration of renewable energy sources, expansion of the data centers, and others are some of the prominent aspects accelerating the growth of the busbars market in Canada.
Key Findings of the Study
- The North America busbars market is expected to reach 4,918.3 million by 2035, at a CAGR of 6.80% during the forecast period.
- S. accounted for the fastest-growing global market.
- Based on Conductor, the copper segment was attributed to holding the largest market in 2024.
- Based on Power Rating, the low power (upto 800 ampere) segment was attributed to holding the largest market in 2024.
- Based on End-User, the commercial segment was attributed to holding the largest market in 2024.
- Siemens Energy, Siemens, Starline Power, Gersan, ABB, LS Electric America, Eaton, Schneider Electric, Mersen, Legrand, Chint Group, Anord, Promet AG, and Others are the key market players.
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