Global Busbar Trunking Systems Market Growth 2023-2029

Global Busbar Trunking Systems Market Growth 2023-2029

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.

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

This Insight Report provides a comprehensive analysis of the global Busbar Trunking Systems 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 Trunking Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Busbar Trunking Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Busbar Trunking Systems 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 Trunking Systems.

The global Busbar Trunking Systems market size is projected to grow from US$ 6955.8 million in 2022 to US$ 9780.8 million in 2029; it is expected to grow at a CAGR of 9780.8 from 2023 to 2029.

Rising demand for reliable and uninterrupted supply of electricity in developing economies coupled with stringent government directives to curb T&D losses will drive the market. Ease of installation, low costs and the ability to effectively transmit bulk power over long distances have significantly favored the adoption of these products over traditional cables. Rapid urbanization backed by growing construction and infrastructure spending will further complement the product penetration. Growing investments to modernize the aging electricity network coupled with increasing adoption of smart grid technology will significantly enhance the busbar trunking system market. Installing such system avoids the plethora of cables in power transmission network and can reduce the ample space covered by the cables. Minimal heat dissipation, flexibility of tap-off locations, and trifling fire risks will positively impact its adoption globally. As per International Energy Agency (IEA), an estimated investment of USD 9.7 Trillion must be made to meet the global generating capacity till 2035 along with USD 7.2 Trillion to replace and install T&D grids.

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

Market Segmentation:

Segmentation by type
Copper
Aluminum

Segmentation by application
Industrial
Commercial
Large Residential
Transportation

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
GE
Legrand
Schneider Electric
Siemens
Eaton
L&T
C&S Electric
Pogliano
DBTS Industries
Elbagate
Busbar Services
Jiangsu Wetown Busway
Shanghai Zhenda
Superior Electric
Delta Electric

Key Questions Addressed in this Report

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

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

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

How do Busbar Trunking Systems market opportunities vary by end market size?

How does Busbar Trunking Systems 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.