Busway-Bus Duct Market By Type (Isolated Phase Bus Duct, Segregated Phase Bus Duct, Non-segregated Phase Bus Duct), By Voltage (High-voltage, Medium-voltage, Low-voltage), By End User Industry (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global busway-bus duct market size was valued at $12,059.1 million in 2021, and is projected to reach $20,972.7 million by 2031, registering a CAGR of 5.5% from 2022 to 2031. Busway also known as bus duct, plays an instrumental role in distributing electricity within a building or industrial facility. It is essentially a system of solid conductors placed in a grounded metal duct. The conductor is supported in it through a non-conductive support.
Busway-bus duct are available in a wide range of sizes and capacities in the market, thereby making them applicable in large- and small-scale industry, along with residential and commercial buildings.
Rise in global population has significantly contributed to the growth of various industrial sectors such as automotive, and energy sector. This factor has positively affected the growth of the busway-bus duct market. In addition, owing to rapid urbanization, demand for residential buildings in the urban areas has witnessed a rise. With this, urbanization also drives the demand for commercial buildings such as office spaces, recreational places, shopping malls and others. Rise in population is also expected to further propel the energy sector. However, fluctuating cost of raw materials used for manufacturing busway-bus duct is serving as a major restraint in the growth of the market. Furthermore, growth in industries in the emerging economies is estimated to provide lucrative opportunities for the growth of the market.
The global busway-bus duct market is segmented on the basis of type, voltage, end-user industry and region. By type, the market is categorized into isolated phase bus duct, segregated phase bus duct, and non-segregated phase bus duct. On the basis of voltage, it is categorized into high-voltage, medium-voltage, and low-voltage. And on the basis of end-user industry, the market is categorized into residential, commercial, and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the busway-bus duct market report include ABB, Accu-Panels Energy Pvt. Ltd, C&S Electric Limited, Current Midwest, DBTS IND, Eaton Corporation PLC, General Electric Company, Godrej and Boyce Company Limited, Huapeng Group Company, Ltd., L&T Electrical & Automation, LS Cable & System Ltd., Powell Industries Inc, Schneider Electric, Siemens AG, TAIAN-ECOBAR TECHNOLOGY, Tricolite Electrical Industries, and Vidhyut Control India Pvt. Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the busway-bus duct market analysis from 2021 to 2031 to identify the prevailing busway-bus duct market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the busway-bus duct market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global busway-bus duct market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Isolated Phase Bus Duct
Segregated Phase Bus Duct
Non-segregated Phase Bus Duct
By Voltage
High-voltage
Medium-voltage
Low-voltage
By End User Industry
Residential
Commercial
Building Type
Data Centers
Shopping Centers
Other Commercial Buildings
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
France
Italy
Rest Of Europe
Germany
UK
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ABB
Accu-Panels Energy Pvt Ltd
C&S Electric Limited
Current Midwest
DBTS IND
Eaton Corporation PLC
General Electric Company
Godrej and Boyce Company Limited
Huapeng Group Company, Ltd.
L&T Electrical & Automation
LS Cable & System Ltd.
Powell Industries Inc
Schneider Electric
Siemens AG
TAIAN-ECOBAR TECHNOLOGY
Tricolite Electrical Industries
Vidhyut Control India Pvt. Ltd.
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