Europe and GCC Busway Market By Voltage (Medium-Voltage, and Low-Voltage); Conducting Material (Copper and Aluminum); Rating (16A-25A, 160A-1000A, 630A-6300A, and Others), Application (Datacenter, Industry, Residential, Hospital, Mall, Stadium, and Others

Europe and GCC Busway Market By Voltage (Medium-Voltage, and Low-Voltage); Conducting Material (Copper and Aluminum); Rating (16A-25A, 160A-1000A, 630A-6300A, and Others), Application (Datacenter, Industry, Residential, Hospital, Mall, Stadium, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032

The Europe & GCC busway market was valued at $1,966.3 million in 2022, and is projected to reach $3,360.2 million by 2032, registering a CAGR of 5.7% from 2023 to 2032. Busway is an electrical distribution system characterized by prefabricated enclosures containing conductive bus bars, often made of copper or aluminum, along with insulating and support materials. This system is designed to efficiently transport electrical power within various applications at various voltage levels. A busway, a crucial component in diverse electrical systems, finds application in a broad spectrum of environments. It is extensively employed in complex industrial plants, data centers, offices, continuous process/manufacturing facilities, high-rise buildings, and more.
The horizontal busway is prevalent in industrial and data center settings, serving as a robust solution to supply power to heavy equipment; lighting; and heating, ventilation, and air conditioning (HVAC) systems. On the other hand, vertical busways, or busway risers, emerge as an economical choice in high-rise buildings. Here, it efficiently distributes power to lighting, building systems, office equipment, and HVAC loads. The adaptability of the busway makes it a versatile and efficient solution for a wide array of power distribution needs.
Rapid urbanization and infrastructure development significantly propel the growth of the Europe & GCC busway market. According to the United Nations, Europe stands as one of the most urbanized regions, and projections from the European Commission anticipate a rise in urbanization to approximately 83.7% by 2050. This urbanization trend entails the construction of new residential and commercial structures to meet the demands of a growing population. Concurrently, infrastructure projects, including the development of roads, bridges, and public facilities, lead to an upswing in construction activities. Consequently, there is an escalating demand for dependable and adaptable electrical distribution systems, such as low and medium voltage busways, to cater to the heightened construction endeavors. Furthermore, the modernization initiatives undertaken by cities necessitate upgrades or renovations to existing buildings and facilities to align with contemporary standards. In this context, low and medium voltage busways emerge as a versatile and efficient solution for enhancing electrical infrastructure in both new and pre-existing structures. Their adaptability proves instrumental in facilitating the integration of cutting-edge technologies and smart building features as part of the urban modernization landscape.
However, the volatility in raw material prices, specifically copper and aluminum, introduces ambiguity into the manufacturing costs of low and medium voltage busways. Unexpected surges in material costs have the potential to escalate production expenses, thereby influencing the profit margins of manufacturers. Copper and aluminum, being fundamental constituents of the overall manufacturing expenditure for busways, become especially vulnerable to sharp and unpredictable fluctuations in prices. Therefore, fluctuations in raw material prices hinder the growth of the Europe and GCC busway market significantly.
On the contrary, surge in focus on renewable energy sources is expected to provide lucrative opportunities to the busway providers to expand their business capabilities during the forecast period. The increasing emphasis on renewable energy sources, including solar and wind power, is expected to open new avenues for seamlessly integrating these sources into the electrical grid. Numerous construction projects, especially those committed to green building standards and sustainability goals, aspire to embed renewable energy solutions. In this context, busways stand out for their adaptability and efficiency, aligning seamlessly with such initiatives to facilitate the distribution of clean energy within environmentally conscious buildings.
The Europe and GCC busway market is segmented on the basis of voltage, conducting material, rating, and region. Depending on voltage, the market is classified into medium, and low voltage. According to conducting material, it is categorized into aluminum, and copper. By rating, it is classified into 16A-25A, 160A-1000A, 630A-6300A, and others. Based on application, it is fragmented into datacenter, industry, residential, hospital, mall, stadium, and others.
The Europe and GCC busway market is analyzed across Europe (Germany, UK, France, Italy, Russia, and rest of Europe), and GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE. Europe is expected to hold the largest market share throughout the study period, however, GCC is likely to grow at the fastest rate.

COMPETITION ANALYSIS

The key market players profiled in the report include ABB, Eaton Corporation, Godrej and Boyce, General Electric Qetaf Electrics, Powell Industries, Schneider Electric, Siemens AG, Legrand, EAE, Graziadio and C.S.P.A, Beshielding S.R.L, DKC, AlOjaimi Industry, Bahra Electric, Fuji Electric, Vertiv, and Elsewedy Electric.

KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive analysis of the current and emerging Europe and GCC busway market trends and dynamics.
In-depth analysis of the market is conducted by constructing market estimations for the

key market segments between 2022 and 2032.

Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive busway market opportunity analysis of all the countries is also provided in the report.
The Europe and GCC busway market forecast analysis from 2020 to 2027 is included in the report.
The key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the industry.

EUROPE AND GCC BUSWAY MARKET SEGMENTS

BY VOLTAGE

Medium-voltage
Low-voltage

BY CONDUCTING MATERIAL

Copper
Aluminum

BY RATING

16A-25A
160A-1000A
630A-6300A
Others

BY APPLICATION

Datacenter
Industry
Residential
Hospital
Mall
Stadium
Others

BY REGION

Europe
GCC

KEY PLAYERS

ABB
Eaton Corporation
Godrej and Boyce
General Electric
Qetaf Electrics
Powell Industries
Schneider Electric
Siemens AG
Legrand
EAE
Graziadio and C.S.P.A
Beshielding S.R.L
DKC
AlOjaimi Industry
Bahra Electric
Fuji Electric
Vertiv
Elsewedy Electric