Global Busbar Market Growth 2023-2029

Global Busbar Market Growth 2023-2029

In electric power distribution, a busbar (also bus bar, and sometimes misspelled as buss bar or bussbar) is a metallic strip or bar, typically housed inside switchgear, panel boards, and busway enclosures for local high current power distribution. They are also used to connect high voltage equipment at electrical switchyards, and low voltage equipment in battery banks. They are generally uninsulated, and have sufficient stiffness to be supported in air by insulated pillars. These features allow sufficient cooling of the conductors, and the ability to tap in at various points without creating a new joint.

LPI (LP Information)' newest research report, the “Busbar Industry Forecast” looks at past sales and reviews total world Busbar sales in 2022, providing a comprehensive analysis by region and market sector of projected Busbar sales for 2023 through 2029. With Busbar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Busbar industry.

This Insight Report provides a comprehensive analysis of the global Busbar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Busbar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Busbar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Busbar and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Busbar.

The global Busbar market size is projected to grow from US$ 12520 million in 2022 to US$ 17110 million in 2029; it is expected to grow at a CAGR of 17110 from 2023 to 2029.

The utilities segment is the largest end-user of the market as it finds a number of applications such as switchgear, motor controls, and transformers, among others.

This report presents a comprehensive overview, market shares, and growth opportunities of Busbar market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Low Power (Below 125 A)
Medium Power (125 A–800 A)
High Power (Above 800 A)

Segmentation by application
Utilities
Residential
Commercial
Industrial Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Eaton
Legrand
Schneider Electric
Siemens
Chint Electrics
Mersen
Power Products
Rittal
Pentair
C&S Electric
Promet
Baotai
Metal Gems

Key Questions Addressed in this Report

What is the 10-year outlook for the global Busbar market?

What factors are driving Busbar market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Busbar market opportunities vary by end market size?

How does Busbar break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.