Busbar Systems Market Research Report – Forecast to 2028

Busbar Systems Market Information Report by Conductor (Copper and Aluminum), by Power Rating (Low, Medium and High), by End-use (Industrial, Commercial, Residential) and by Region (North America, Europe, Asia Pacific, and RoW) - Forecast till 2028

ID: MRFR/E&P/0653-HCR | February, 2021 | Region : Global

Busbar Systems Market Scenario


Busbar Market is projected to be worth USD 44.51 billion by 2028, registering a CAGR of 17.93% during the forecast period (2021 - 2028).The busbar is the trending solution for the distribution of electrical power. Busbar system is used in power distribution and consists of prefabricated electrical distribution system in a highly protective enclosure, which basically includes components such as fittings, devices, straight lengths, elbows, and accessories. Busbar system provides the most efficient systems and are capable of optimizing the distribution of medium voltage power in industries where concepts of planned production and scientific factory layouts are applied, ensuring complete safety. With the rising need to alter shop layouts and changes in production patterns to meet the ever-demanding market, busbars provide the necessary flexibility to make such changes quickly, with minimum power shutdown, utilizing the existing cables, conductors and fittings.


The factors attracting the service providers to invest in busbar systems include shifting focus towards efficient use of electricity, strict regulations and policies favoring energy efficiency, and technical advancement and operational efficiency in power infrastructure. In 2015, the U.K. government has passed energy efficiency regulations for buildings to conserve energy and the buildings would be incentivized by the practice. However, huge initial costs for the bus bar installations are hampering the growth of market.


The modern advancement in the technology and broad end-use spectrum of busbar systems in various data centers, across the world, is the driving growth factor of this market. The increase in the number of data centers in recent times and the expected exponential growth in near future will certainly boost the busbar systems market. As observed since last decade the sudden growth in industrialization, urbanizations and mechanization has led to the development of various business sectors, customer relationships and end-use satisfaction factors. Such factors can be considered the major growing aspects of busbar system market in upcoming decade.


Key Players


The key players of busbar system market are ABB Ltd., (Switzerland).ARJ Group (UAE).Busbar Services, (South Africa). C&S Electric Ltd. (India). E.A.E EleKTrik A.S., (Turkey), Eaton Corporation, PLC, Republic of Ireland), and Entraco Power (India). General Electric Company. (U.S.) Gersan EleKTrikAS., (Turkey), Godrej & Boyce Manufacturing Company Ltd. (India), Graziadio & C. S.P.A., (Italy), IBAR (EMEA) Ltd., (Kendal, UK).KGS Engineering Ltd., (Chennai, India).Schneider Electric Co., (France), Larsen & Toubro., (India), Legrand., (France), and Megabarre Group. (Italy) are among others.


The busbar systems market is segmented on the basis of conductor, power rating, end-user and regions. On the basis of conductors the market is segmented as aluminum and copper.  Copper busbar segment is projected to dominate the market share due to its better electrical characteristics such as conductivity, resistance, and strength. On the basis of power rating, busbar systems market is fragmented into low, medium, and high. Medium power rated segment is dominating, in terms of market share due to the fact that the bus bar systems are the most efficient in distribution of medium voltage current. For an instance, Siemens has developed a new air-insulated medium voltage busbar system that improves the efficiency and reliability of wind turbines. Based on end-use segment, the market is classified as residential, commercial, and industrial. Commercial segment has had the largest market share due to the flourishing infrastructure projects.


Market Segmentation


 busbar systems market


Global Analysis


The global busbar systems market is anticipated to grow at an exponential growth during the forecast period owing to increasing demand for efficient distribution network. Asia Pacific region will dominate the busbar system market during forecast period. Various factors such as growing populations, modernization, substantial growth in economic region, growth in industrialization and urbanization are the major drivers of the busbar systems market in the region.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model


3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis


4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


5 Global Busbar Systems Market, By Conductor

5.1 Introduction

5.2 Copper

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Aluminum

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Busbar Systems Market, By Power Rating

6.1 Introduction

6.2 Low

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Medium

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 High

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Busbar Systems Market, By End-use

7.1 Introduction

7.2 Residential

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Industrial

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Commercial

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Busbar Systems Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Conductor, 2020-2027

8.2.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.2.4 Market Estimates & Forecast by End-use, 2020-2027

8.2.5 U.S.

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Conductor, 2020-2027

8.2.5.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.2.5.4 Market Estimates & Forecast by End-use, 2020-2027

8.2.6 Canada

8.2.6.1 Market Estimates & Forecast, 2020-2027

8.2.6.2 Market Estimates & Forecast by Conductor, 2020-2027

8.2.6.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.2.6.4 Market Estimates & Forecast by End-use, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Conductor, 2020-2027

8.3.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.3.4 Market Estimates & Forecast by End-use, 2020-2027

8.3.5 U.K.

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Conductor, 2020-2027

8.3.5.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.3.5.4 Market Estimates & Forecast by End-use, 2020-2027

8.3.6 Germany

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Conductor, 2020-2027

8.3.6.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.3.6.4 Market Estimates & Forecast by End-use, 2020-2027

8.3.7 France

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Conductor, 2020-2027

8.3.7.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.3.7.4 Market Estimates & Forecast by End-use, 2020-2027

8.3.8 Italy

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Conductor, 2020-2027

8.3.8.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.3.8.4 Market Estimates & Forecast by End-use, 2020-2027

8.3.9 Rest of Europe

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Conductor, 2020-2027

8.3.9.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.3.9.4 Market Estimates & Forecast by End-use, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Conductor, 2020-2027

8.4.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.4.4 Market Estimates & Forecast by End-use, 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Conductor, 2020-2027

8.4.5.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.4.5.4 Market Estimates & Forecast by End-use, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Conductor, 2020-2027

8.4.6.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.4.6.4 Market Estimates & Forecast by End-use, 2020-2027

8.4.7 India

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Conductor, 2020-2027

8.4.7.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.4.7.4 Market Estimates & Forecast by End-use, 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Conductor, 2020-2027

8.4.8.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.4.8.4 Market Estimates & Forecast by End-use, 2020-2027

8.5 Rest of the World

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Conductor, 2020-2027

8.5.3 Market Estimates & Forecast by Power Rating, 2020-2027

8.5.4 Market Estimates & Forecast by End-use, 2020-2027

9 Competitive Landscape

9.1 Competitive Scenario

9.1.1 Competitive Overview of the Busbar Systems Market

9.1.2 Competitive Benchmarking of the Busbar Systems Market

10 Company Profile

10.1 ABB Ltd (Switzerland)

10.1.1 Company Overview

10.1.2 Product/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 ARJ Group (UAE)

10.2.1 Company Overview

10.2.2 Product /Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 Busbar Services (South Africa)

10.3.1 Company Overview

10.3.2 Product /Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 C&S Electric Ltd (India)

10.4.1 Company Overview

10.4.2 Product /Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 EAE Elektric AS (Turkey)

10.5.1 Company Overview

10.5.2 Product /Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 Eaton Corporation, PLC, (Republic of Ireland)

10.6.1 Company Overview

10.6.2 Product /Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 Entraco Power (India)

10.7.1 Company Overview

10.7.2 Product /Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 General Electric Company (U.S.)

10.8.1 Company Overview

10.8.2 Product /Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 Gersan EleKTrikAS (Turkey)

10.9.1 Company Overview

10.9.2 Product /Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.10 Godrej & Boyce Manufacturing Company Ltd. (India)

10.10.1 Company Overview

10.10.2 Product /Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

10.11 Graziadio & C. S.P.A. (Italy)

10.11.1 Company Overview

10.11.2 Product /Services Offering

10.11.3 Financial Overview

10.11.4 Key Developments

10.11.5 Strategy

10.11.6 SWOT Analysis

10.12 IBAR (EMEA) Ltd. (UK)

10.12.1 Company Overview

10.12.2 Product /Services Offering

10.12.3 Financial Overview

10.12.4 Key Developments

10.12.5 Strategy

10.12.6 SWOT Analysis

10.13 KGS Engineering Ltd. (India)

10.13.1 Company Overview

10.13.2 Product /Services Offering

10.13.3 Financial Overview

10.13.4 Key Developments

10.13.5 Strategy

10.13.6 SWOT Analysis

10.14 Schneider Electric Co., (France)

10.14.1 Company Overview

10.14.2 Product /Services Offering

10.14.3 Financial Overview

10.14.4 Key Developments

10.14.5 Strategy

10.14.6 SWOT Analysis

10.15 Larsen & Toubro., (India)

10.15.1 Company Overview

10.15.2 Product /Services Offering

10.15.3 Financial Overview

10.15.4 Key Developments

10.15.5 Strategy

10.15.6 SWOT Analysis

10.16 Legrand., (France)

10.16.1 Company Overview

10.16.2 Product /Services Offering

10.16.3 Financial Overview

10.16.4 Key Developments

10.16.5 Strategy

10.16.6 SWOT Analysis

10.17 Megabarre Group. (Italy)

10.17.1 Company Overview

10.17.2 Product /Services Offering

10.17.3 Financial Overview

10.17.4 Key Developments

10.17.5 Strategy

10.17.6 SWOT Analysis


List of Tables

Table 1 Global Busbar Systems Market: By Region, 2020-2027

Table 2 North America Busbar Systems Market: By Country, 2020-2027

Table 3 Europe Busbar Systems Market: By Country, 2020-2027

Table 4 Asia Pacific Busbar Systems Market: By Country, 2020-2027

Table 5 RoW Busbar Systems Market: By Country, 2020-2027

Table 6 Global Busbar Systems Market by Conductor Market: By Regions, 2020-2027

Table 7 North America Busbar Systems Market by Conductor: By Country, 2020-2027

Table 8 Europe Busbar Systems Market by Conductor: By Country, 2020-2027

Table 9 Asia Pacific Busbar Systems Market by Conductor: By Country, 2020-2027

Table 10 RoW Busbar Systems Market by Conductor: By Country, 2020-2027

Table 11 Global Busbar Systems Market, by Power Rating, By Regions, 2020-2027

Table 12 North America Busbar Systems Market, by Power Rating, By Country, 2020-2027

Table 13 Europe Busbar Systems Market, by Power Rating, By Country, 2020-2027

Table 14 Asia Pacific Busbar Systems Market, by Power Rating, By Country, 2020-2027

Table 15 RoW Busbar Systems Market, by Power Rating, By Country, 2020-2027

Table 16 Global Busbar Systems Market, by End-use, By Regions, 2020-2027

Table 17 North America Busbar Systems Market, by End-use, By Country, 2020-2027

Table 18 Europe Busbar Systems Market, by End-use, By Country, 2020-2027

Table 19 Asia Pacific Busbar Systems Market, by End-use, By Country, 2020-2027

Table 20 RoW Busbar Systems Market, by End-use, By Country, 2020-2027

Table 21 Global Busbar Systems Market: By Region, 2020-2027

Table 22 Global Busbar Systems Market: By Region, 2020-2027

Table 23 Global Busbar Systems Market: By Region, 2020-2027

Table 24 North America Busbar Systems Market, By Country

Table 25 North America Busbar Systems Market, by Conductor

Table 26 North America Busbar Systems Market, By Power Rating

Table 27 North America Busbar Systems Market, By End-use

Table 28 Europe: Busbar Systems Market, By Country

Table 29 Europe: Busbar Systems Market, by Conductor

Table 30 Europe: Busbar Systems Market, By Power Rating

Table 31 Europe: Busbar Systems Market, By End-use

Table 32 Europe: Busbar Systems Market, By End-use

Table 33 Asia Pacific: Busbar Systems Market, By Country

Table 34 Asia Pacific: Busbar Systems Market, by Conductor

Table 35 Asia Pacific: Busbar Systems Market, By Power Rating

Table 36 Asia Pacific: Busbar Systems Market, By End-use

Table 37 RoW: Busbar Systems Market, By Region

Table 38 RoW Busbar Systems Market, by Conductor

Table 39 RoW Busbar Systems Market, By Power Rating

Table 40 RoW Busbar Systems Market, By End-use




List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL BUSBAR SYSTEMS MARKETSHARE, BY END-USE, 2020 (%)

FIGURE 9 GLOBAL BUSBAR SYSTEMS MARKET, BY END-USE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL BUSBAR SYSTEMS MARKETSHARE, BY POWER RATING, 2020 (%)

FIGURE 11 GLOBAL BUSBAR SYSTEMS MARKET, BY POWER RATING, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL BUSBAR SYSTEMS MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL BUSBAR SYSTEMS MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA BUSBAR SYSTEMS MARKETSHARE (%), 2020

FIGURE 15 NORTH AMERICA BUSBAR SYSTEMS MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE BUSBAR SYSTEMS MARKETSHARE (%), 2020

FIGURE 17 EUROPE BUSBAR SYSTEMS MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC BUSBAR SYSTEMS MARKETSHARE (%), 2020

FIGURE 19 ASIA PACIFIC BUSBAR SYSTEMS MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD BUSBAR SYSTEMS MARKETSHARE (%), 2020

FIGURE 21 REST OF THE WORLD BUSBAR SYSTEMS MARKETBY COUNTRY, 2020-2027 (USD MILLION)

Busbar Systems Market