Global Busbar Market Report and Forecast 2023-2028

Global Busbar Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global busbar market reached a value of USD 16.62 billion in 2022. Aided by the global shift towards sustainable energy solutions, infrastructure development in emerging economies, and advances in power transmission technology, the market is projected to further grow at a CAGR of 5.30% between 2023 and 2028 to reach a value of USD 22.6 billion by 2028.

Busbars are essentially electrical conductors that facilitate the distribution of electric power with high efficiency and flexibility. Characterised by their rigid or flexible build, busbars have become an integral part of electrical power distribution systems, from small-scale residential circuits to large-scale industrial applications. Their inherent benefits of reduced electrical losses, space-saving designs, and adaptability have garnered increased attention in recent times.

A pronounced global push towards green energy solutions and the concomitant growth in the renewable energy sector has significantly propelled the busbar market demand. As nations transition to solar and wind energy, the integration of efficient power transmission systems like busbars becomes crucial. Their capability to handle higher currents and reduced resistance ensures optimal power flow from renewable sources to end-users.

Infrastructure development in emerging economies has been another pivotal driver. The burgeoning urban landscapes in regions such as Asia-Pacific and Africa demand advanced and efficient electrical infrastructure, which, in turn, amplifies the busbar market growth.

Moreover, the global fitness wave and increasing cognizance about reducing carbon footprints have driven industries to opt for efficient power distribution systems. In this milieu, busbars, owing to their ability to reduce energy loss, have emerged as a preferred choice for many industries and further adds value to the busbar market size. For instance, in large industrial complexes and data centres where even a small percentage of power loss can translate into significant financial implications, busbars play an indispensable role.

The technological foray into the busbar realm has been significant. With advances in insulating materials and manufacturing processes, the newer generation of busbars boasts of enhanced safety, reduced installation time, and better adaptability. These innovations have rendered busbars more amenable to diverse applications, ranging from electric vehicles (EV) charging stations to advanced manufacturing units.

As per the busbar market analysis, the electric vehicle market, gaining considerable momentum, has indirectly propelled the busbar market. As EV charging infrastructure develops globally, the demand for efficient power transmission solutions, like busbars, to support rapid charging stations has seen an uptick.

Market Segmentation

The market can be divided based on power rating, conductor, end use, industry, and region.

Market Breakup by Power Rating
  • High
  • Medium
  • Low
Market Breakup by Conductor
  • Copper
  • Aluminium
Market Breakup by End Use
  • Industrial
  • Commercial
  • Residential
  • Utilities
Market Breakup by Industry
  • Chemicals and Petroleum
  • Metals and Mining
  • Manufacturing
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global busbar market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Siemens
  • ABB
  • Schneider Electric
  • Eaton Corporation
  • Mersen
  • Oriental Copper Co., Ltd
  • Legrand Electric Ltd
  • Southwire Company LLC
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Busbar Market Analysis
8.1 Key Industry Highlights
8.2 Global Busbar Historical Market (2018-2022)
8.3 Global Busbar Market Forecast (2023-2028)
8.4 Global Busbar Market by Power Rating
8.4.1 High
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Medium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Low
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Busbar Market by Conductor
8.5.1 Copper
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Aluminium
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Busbar Market by End Use
8.6.1 Industrial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Residential
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Utilities
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.7 Global Busbar Market by Industry
8.7.1 Chemicals and Petroleum
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Metals and Mining
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Manufacturing
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Busbar Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Busbar Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Busbar Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Busbar Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Busbar Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Busbar Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Siemens
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 ABB
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Schneider Electric
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Eaton Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mersen
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Oriental Copper Co., Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Legrand Electric Ltd
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Southwire Company LLC
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Busbar Market: Key Industry Highlights, 2018 and 2028
2. Global Busbar Historical Market: Breakup by Power Rating (USD Billion), 2018-2022
3. Global Busbar Market Forecast: Breakup by Power Rating (USD Billion), 2023-2028
4. Global Busbar Historical Market: Breakup by Conductor (USD Billion), 2018-2022
5. Global Busbar Market Forecast: Breakup by Conductor (USD Billion), 2023-2028
6. Global Busbar Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Busbar Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Busbar Historical Market: Breakup by Industry (USD Billion), 2018-2022
9. Global Busbar Market Forecast: Breakup by Industry (USD Billion), 2023-2028
1. Global Busbar Historical Market: Breakup by Region (USD Billion), 2018-2022
2. Global Busbar Market Forecast: Breakup by Region (USD Billion), 2023-2028
3. North America Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
4. North America Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
5. Europe Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
6. Europe Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
7. Asia Pacific Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
8. Asia Pacific Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
9. Latin America Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
10. Latin America Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
11. Middle East and Africa Busbar Historical Market: Breakup by Country (USD Billion), 2018-2022
12. Middle East and Africa Busbar Market Forecast: Breakup by Country (USD Billion), 2023-2028
13. Global Busbar Market Structure

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