부스바 시장 규모, 점유율, 성장 분석 : 부문별 및 지역별 산업 예측(2024-2031년)

Global Busbar Market size was valued at USD 17.56 billion in 2022 and is poised to grow from USD 18.4 billion in 2023 to USD 26.8 billion by 2031, growing at a CAGR of 4.81% during the forecast period (2024-2031).

The busbar market is experiencing significant growth driven by increasing demand for reliable power distribution in both commercial and residential settings. These devices enhance capacitance, reduce inductance, and minimize wiring errors while improving overall system dependability and lowering costs. The push for smart and sustainable cities, alongside the escalating integration of solar power and high voltage direct current (HVDC) systems, is further propelling this trend. Additionally, as governments worldwide champion electric vehicle (EV) adoption to combat pollution, busbars are becoming crucial components in EV design, effectively managing electric power distribution while meeting the rigorous demands of shock and vibration inherent in vehicle operation. Their ease of installation and reliability further amplify their appeal in the automotive sector. With the burgeoning popularity of electric vehicles, the busbar market is poised for substantial growth in the coming years, highlighting a transformative shift towards cleaner energy solutions and innovative infrastructure developments.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Busbar market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Busbar Market Segmental Analysis

Global Busbar Market is segmented into Conductor, Power Ratings, End User, and region. By Conductor, the market is classified into Copper Busbar, Aluminum Busbar, and Brass. Depending on the Power Ratings, it is categorized into Low Power (Below 125 A), Medium Power (125 A-800 A), and High Power (Above 800 A). According to End User, the market is divided into Utilities, Commercial, Industrial, and Residential. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Driver of the Global Busbar Market

The global busbar market is significantly driven by their low maintenance costs and affordability. The installation of busbars is cost-effective, eliminating the need for specialized electrical professionals and recurring maintenance expenses. Additionally, busbars facilitate quick and efficient installations, minimizing downtime. By replacing traditional cables and related components, they substantially lower overall installation expenses. Their inherent safety, reliability, and eco-friendly characteristics further enhance their appeal, thus fostering growth in the busbar market. As awareness of these advantages spreads through diverse end-user industries, the potential for sustained market expansion becomes increasingly promising, paving the way for ample growth opportunities.

Restraints in the Global Busbar Market

The global busbar market faces significant restraints primarily due to the instability of raw material prices, particularly for key components like copper and aluminum that constitute a large portion of production costs. Fluctuating energy prices and unpredictable variations in raw material expenses challenge manufacturers to maintain profitability, as these inconsistencies disrupt supply chains. This volatility, driven by increased demand and supply constraints, poses a persistent threat rather than a temporary issue. Consequently, manufacturers must navigate the tough decision of absorbing rising costs, exploring cost-reduction strategies, or passing on price hikes to customers, who may already be hesitant to invest. As a result, these factors are anticipated to hinder market growth throughout the forecast period.

Market Trends of the Global Busbar Market

The Global Busbar market is witnessing significant growth, propelled by the accelerating adoption of electric vehicles (EVs) as governments focus on reducing pollution through clean energy initiatives. Busbars play a crucial role in the efficient distribution of electric power within EVs, engineered to withstand shock and vibration, ensuring optimal performance. Their ease of installation, security, and reliability make busbar solutions increasingly favored in the automotive sector. As the popularity of electric vehicles continues to rise, driven by environmental regulations and consumer demand for sustainable transportation, the demand for advanced busbar systems is expected to surge, shaping a robust market trend in the coming years.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Patent Analysis
• Value Chain Analysis
• Case Study Analysis
• PESTEL Analysis
• Trade Analysis
• Market Attractiveness Index
• Pricing Analysis

Global Busbar Market Size by Conductor & CAGR (2024-2031)

• Market Overview
• Copper Busbar
• Aluminum Busbar
• Brass

Global Busbar Market Size by Power Ratings & CAGR (2024-2031)

• Market Overview
• Low Power (Below 125 A)
• Medium Power (125 A-800 A)
• High Power (Above 800 A)

Global Busbar Market Size by End User & CAGR (2024-2031)

• Market Overview
• Utilities
• Commercial
• Industrial
  • Chemicals & Petroleum
  • Metals & Mining
  • Manufacturing
  • Others
• Residential

Global Busbar Market Size & CAGR (2024-2031)

• North America, (Conductor, Power Ratings, End User)
  • US
  • Canada
• Europe, (Conductor, Power Ratings, End User)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Conductor, Power Ratings, End User)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Conductor, Power Ratings, End User)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Conductor, Power Ratings, End User)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Schneider Electric SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eaton Corporation PLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Legrand S.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ABB Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TE Connectivity Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mersen S.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rittal GmbH & Co. KG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rogers Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Methode Electronics, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• C&S Electric Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Molex LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Natus GmbH & Co. KG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gonda Metal Industry
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MSS Products Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Watteredge, LLC (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bahra Electric
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Oriental Copper Co.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation