Global Electrical Busbar Trunking System Market Growth 2023-2029

Global Electrical Busbar Trunking System Market Growth 2023-2029

Electrical Busbar Trunking System is the is a system of distributing electric power using copper or aluminium busbar with suitable enclosures and good amount of protection to prevent the cables from getting damaged due to foreign bodies.The busbar trunking system is a high-current trunk detachable power system, usually composed of a metal casing (iron or aluminum), conductors, insulating materials and related accessories. The busbar trunking system was first born in the United States, and after it was put into practical application in Japan, it has sprung up in developed countries and regions. In recent years, with the large-scale construction of infrastructure, the demand for electricity is also increasing, and the busbar trunking system has gradually become the standard power supply method for industrial factories, high-rise buildings, commercial complexes, rail transit and other places.

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

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

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

The global Electrical Busbar Trunking System market size is projected to grow from US$ 6608.7 million in 2022 to US$ 10410 million in 2029; it is expected to grow at a CAGR of 10410 from 2023 to 2029.

Schneider Electric and Siemens are the top 2 companies in global electrical busbar trunking system market and account for over 20% of total market share. Geographically speaking, Asia-Pacific holds about 35% of global market share, followed by North America with about 30% share. In terms of type, aluminium segment holds an main share of about 65%. In terms of application, commercial segment accounts for about 45% of the global share.

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

Market Segmentation:

Segmentation by type
Aluminium Busbar Trunking Systems
Copper Busbar Trunking Systems

Segmentation by application
Industrial
Commercial
Residential
Transportation
Others

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.
Schneider Electric
Siemens
ABB
Eaton
Legrand
LS Cable
E.A.E Elektrik
Vertiv
Godrej & Boyce
Anord Mardix
KYODO KY-TEC
Huapeng Group
Wetown Electric
TAIAN-ECOBAR
Dasheng Microgrid
Rittal
PPB
Zhuhai Guangle
Hanhe Cable
Shanghai Zhenda
Dynamic Electrical
Pogliano BusBar
Vass Electrical Industries
Baosheng
Graziadio
Megabarre
DTM Elektroteknik
DBTS Industries
Naxso
Gersan Elektrik
Norelco

Key Questions Addressed in this Report

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

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

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

How do Electrical Busbar Trunking System market opportunities vary by end market size?

How does Electrical Busbar Trunking System 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.