Busbar Trunking System Market Research Report- Global Forecast to 2030

Busbar Trunking System Market Information Report by Conductor (Copper and Aluminum), Insulation (Air and Sandwich), Power Rating (Lighting, Low, Medium and High), End-User (Industrial, Commercial, Large Residential, and Transportation) and by Region- Global Forecast to 2030

ID: MRFR/E&P/2269-HCR | November 2022 | Region: Global | 111 Pages         

Busbar Trunking System Market

Busbar Trunking System Market is expected to be valued at USD 8.85 Million, with a CAGR of 6.5% Forecast by 2027

Segmentation

By Conductor Copper Aluminum
By Insulation Air Sandwich
By Power Rating Lighting Low Medium High
By End-User Industrial Commercial Large Residential Transportation

Key Players

  • ABB
  • Ltd. (Switzerland)
  • Schneider Electric (France)
  • Eaton Corporation Plc (Ireland)
  • Larsen & Toubro (India)
  • Siemens AG (Germany)
  • General Electric (U.S.)
  • C&S Electric Limited (India)
  • Legrand SA (France)
  • Godrej & Boyce Manufacturing (India)
  • Busbar Services (South Africa)
  • DBTS Industries SDN BHD. (Malaysia)

Drivers

  • Sudden growth in industrialization
  • Increase in number of data centers
  • Various business sectors
  • customer relationship and end user satisfaction factors
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Busbar Trunking System market is predicted to grow at approximately 6.5% by 2023.


Busbar Trunking System Market Scenario:


The electric distribution system is prefabricated and consists of copper or aluminum bus bars. They are suitably enclosed with superb protection against foreign materials. Busbar trunking systems have emerged as highly efficient, safe, and ideal electric supply and distribution systems suitable for various industrial installations and high-rise buildings. Such systems are enabled by a compact design and standard plug-in boxes, and they can efficiently deliver current in the range 125A to 2000A, suitable for various industrial purposes. They are gaining a major degree of preference over conventional cabling systems. Being cost-effective for on-site installation, busbar trunking systems offer substantial cost savings attributed to flexible design and less production downtime during rewiring, which acts as a perfect solution to meet future needs.


Globally, the rising degree of investments in clean energy projects and the development of smart cities is another prominent factor that proves to be fortunate for the global operations. As a result, the extensive development of new renewable projects and the development of green constructions are likely to create excellent growth opportunities for various market players. The industrial sector is witnessing a substantial surge in the electricity demand, followed by the rising focus on energy efficiency.


Market Analysis:


The global busbar trunking system market is majorly distributed among the small and large manufacturers across the world. Manufactures are heavily investing in futuristic manufacturing technology, cost cutting techniques and implementing various research techniques, so as to obtain high quality end product. Wide range of effective and efficient products will be brought up in market at competitive cost rate in coming few years.


As estimated and keenly analyzed, it is estimated that Asia-Pacific region will dominate the busbar trunking system market during the forecast period. There are various major factors taken into consideration such as growing populations, modernization, substantial growth in economy of this region, growth in industrialization and urbanization are the major drivers for the influence of bus bar trunking system market in the region.


Key Players:


The key players of Global Busbar Trunking System Markets are ABB, Ltd. (Switzerland), ABB, Ltd. (Switzerland), Schneider Electric (France). Eaton Corporation, Plc (Ireland), Larsen & Toubro (India), Siemens AG (Germany), General Electric (U.S.), C&S Electric Limited (India), Legrand SA (France), Godrej & Boyce Manufacturing Company Limited (India), Busbar Services (South Africa) and DBTS Industries SDN. BHD. (Malaysia)


Recent Developments


The industrial sector has quantified functions that are in need of constant supply of electric units. The sector’s energy consumption has grown by over 12%, from around 214 British thermal units in 2010 to around 240 quadrillion British thermal units. The energy consumption of the industrial sector is more than 50% compared to the total global energy consumption. With such rising demand, the employment of busbar trunking has become irreplaceable. The majority of the energy consumption in this particular sector comes from energy-intensive manufacturing industries involved in manufacturing basic chemicals, iron, steel, food, non-ferrous metals, non-metallic minerals, refining, and paper, for large-scale demand. Energy-intensive industries are on their way to occupying half of the industrial sector’s energy consumption share.


Busbar trunking is a system consisting of prefabricated electrical distribution system covered in a highly protective enclosure, which basically includes components such as fittings, devices, straight lengths, elbows and accessories. They have wide applications in many industrial and commercial firms to offer ideal, safe, secure and efficient distribution network system. Various industries and multi facilities infrastructure focus towards efficient use of electricity due to stringent government rules and regulations. Also, technical advancement and operational efficiency are the major attracting factors for the end-users, which influences the busbar trunking system market.


The latest advancement in the technology and wide use of busbar trunking system in various data centers across the world is the major growth factor of this market. The increase in number of data centers in recent times and the expected exponential growth in near future will certainly boost the busbar trunking system market. As observed, since last decade, the sudden growth in industrialization, urbanizations and mechanization has led to the development of various business sectors, customer relationship and end user satisfaction factors, henceforth driving the growth of busbar trunking system market.


Study Objectives of Busbar Trunking System Market:



  • To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global Busbar Trunking System Market.

  • To provide insights about factors affecting the market growth

  • To analyze the global busbar trunking system market based on various tools such as supply chain analysis, and Porter’s five force analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by material type, product, application and region

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the busbar trunking system market.


Market Segmentation:


Busbar Trunking System Market Segmentation 


Intended Audience:



  • Distributer & Supplier companies

  • End-Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities.


Product Analysis:



  • Product matrix which gives a detailed comparison of the market for different recycled product types.


Additional Information:



  • Regulatory Landscape.

  • Pricing Analysis.

  • Macroeconomic Indicators. 


Geographic Analysis:



  • Geographical analysis across 15 countries.


Company Information:



  • Profiling of 18 key market players

  • In-depth analysis including SWOT analysis, and strategy information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Busbar Trunking System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   6.5% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Conductor, Insulation, Power Rating, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ABB, Ltd. (Switzerland), ABB, Ltd. (Switzerland), Schneider Electric (France). Eaton Corporation, Plc (Ireland), Larsen & Toubro (India), Siemens AG (Germany), General Electric (U.S.), C&S Electric Limited (India), Legrand SA (France), Godrej & Boyce Manufacturing Company Limited (India), Busbar Services (South Africa) and DBTS Industries SDN. BHD. (Malaysia)
  Key Market Opportunities   Increase in number of data centers
  Key Market Drivers

  • Sudden growth in industrialization
  • Urbanizations and mechanization has led to the development
  • Various business sectors, customer relationship and end user satisfaction factors


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    Frequently Asked Questions (FAQ) :

    The global busbar trunking system market is maturing at a moderate 6.5% CAGR over the review period of 2017 to 2023.

    A few significant players of the global busbar trunking system market are ABB, Ltd. (Switzerland), ABB, Ltd. (Switzerland), Schneider Electric (France). Eaton Corporation, Plc (Ireland), among others.

    The lighting segment is expected to drive market growth over the review period.

    The transportation segment is likely to witness the highest demand in the busbar trunking system market.

    The APAC region is expected to witness the fastest growth.