부스바 시장 예측( -2030년) : 도체 재료별, 정격 출력별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Busbar Market is accounted for $15.1 billion in 2024 and is expected to reach $23.3 billion by 2030 growing at a CAGR of 7.5% during the forecast period. A busbar is a metallic strip or bar used in electrical power distribution systems to collect and distribute electrical energy efficiently. Typically made of highly conductive materials like copper or aluminum, they are integral components of substations, panel boards, switchgear, and distribution boards. They serve as a common junction where multiple incoming and outgoing electrical currents converge or branch out. Busbars are designed to carry large amounts of current while minimizing losses and voltage drops. Their size, shape, and material depend on the current-carrying capacity, system voltage, and environmental factors.

According to Naval University of Engineering published a study stating that China has developed the world's most powerful battery for high-energy weapons, which can be mass-produced in the nation's many lithium battery plants. The 40165 battery was the first to release energy as quickly as a supercapacitor.

Market Dynamics:

Driver:

High efficiency in distributing electricity with minimal energy losses

The increasing demand for efficient energy distribution systems help minimize energy losses during transmission, offering a more reliable solution compared to traditional wiring methods. Their ability to distribute electricity with higher efficiency supports the growth of industries like manufacturing, energy, and transportation. Moreover, busbars contribute to reducing operational costs by improving energy performance. As a result, many industries are shifting towards busbar systems to optimize their energy infrastructure boosting the market growth.

Restraint:

Limited awareness in emerging economies

In emerging economies, there is often a lack of awareness and understanding of busbar systems, which slows market adoption. These regions typically rely on traditional wiring methods due to lower initial costs and familiarity. The absence of trained professionals for installation and maintenance also presents a barrier to widespread implementation. Financial constraints in many developing countries make it difficult for businesses to invest in advanced energy distribution solutions like busbars.

Opportunity:

Advancements in busbar design and materials

New innovations in materials, such as aluminum and copper, have improved the efficiency and durability of busbars, making them more cost-effective. Additionally, enhanced designs allow for more compact and flexible systems that are easier to install in various industrial applications. With the rise of smart grids and renewable energy integration, there is a growing demand for efficient power distribution systems that can accommodate these technologies these trends create an expanding market for advanced busbar solutions.

Threat:

Complexity in retrofitting existing systems

The complexity involved in retrofitting existing electrical systems. Many older infrastructures were not designed with busbars in mind, making the integration of these systems challenging and costly. Retrofitting can require significant modifications to accommodate new equipment, disrupting ongoing operations. This complexity can discourage industries from upgrading to busbar systems, especially if it involves high costs or potential downtime. As a result, some companies may continue to rely on outdated systems that do not offer the same energy efficiency benefits as modern busbars.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the busbar market by disrupting global supply chains and delaying construction projects. During the lockdowns, production facilities faced temporary closures, which slowed the manufacturing of busbars and related components. Additionally, the financial strain on industries also impacted investments in new energy infrastructure. However, the pandemic has highlighted the need for more resilient and efficient energy systems, which could drive future growth in the busbar market.

The copper segment is expected to be the largest during the forecast period

The copper segment is expected to account for the largest market share during the forecast period due to its minimal energy loss during transmission. This reduces energy losses, improving power distribution systems and reducing operational costs. Copper's durability and corrosion resistance, especially in harsh environments, ensures longer lifespans and fewer maintenance requirements, making it a valuable choice for industries like transportation, mining, and heavy manufacturing where constant energy distribution is crucial driving the market growth.

The power distribution segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the power distribution segment is predicted to witness the highest growth rate due to increasing global energy consumption necessitates a need for more efficient power distribution networks. Traditional systems, which often result in power losses, are not suitable for large-scale facilities like power plants, substations, and factories. Manufacturers are producing high-performance busbars to meet electricity demand without significant losses, leading to increased demand in both existing and new power distribution projects, driving market growth.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share owing to driving demand for advanced power distribution solutions. Busbars, which can handle higher loads and are compatible with smart grid technologies, are in high demand. The integration of sensors, GPS, and automation in power distribution networks enhances the functionality of busbars, allowing real-time monitoring of electricity flow and usage. The trend towards smart grids is driving the development of sophisticated busbar solutions, driving market expansion.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR experiencing rapid industrial and urban growth, especially in emerging economies like China, India, and Southeast Asia. This growth has led to a growing demand for robust power distribution systems. Busbars, due to their space-saving design and ability to handle high current loads, are increasingly used in industrial plants, commercial complexes, and residential developments. As new commercial and residential buildings increase, the need for reliable, efficient, and safe power systems becomes more critical.

Key players in the market

Some of the key players in Busbar market include TE Connectivity , Schneider Electric Co, Rittal GMBH & Co. KG, R.J. Group, Promet AG, Megabarre Group, Legrand, Larsen & Toubro, KGS Engineering Ltd, Godrej & Boyce Manufacturing Company Ltd., General Electric Company, Entraco Power, Eaton Corporation P.L.C., C&S Electric Ltd., Busbar Services, ABB Ltd. And A.E EleKTrik A.S.

Key Developments:

In January 2025, Schneider electric champions greater adoption of sustainable technology ahead of the world economic forum annual meeting in Davos. More collaboration and innovative technologies essential for combining business and environmental goals, company claims.

In September 2024, Eaton announced the signing of a Memorandum of Understanding (MoU) with the Government of Tamil Nadu. This agreement marks a significant step in Eaton's expansion plans for its Crouse-Hinds and B-Line business, reinforcing the company's commitment to driving innovation and growth in India through its sustainable solutions.

Conductor Materials Covered:

• Copper
• Aluminum

Power Ratings Covered:

• Low Power
• Medium Power
• High Power

Applications Covered:

• Power Distribution
• Motor Control Centers
• Renewable Energy
• Data Centers
• Transportation
• Other Applications

End Users Covered:

• Utilities
• Industrial
• Commercial
• Residential
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Busbar Market, By Conductor Material

• 5.1 Introduction
• 5.2 Copper
• 5.3 Aluminum

6 Global Busbar Market, By Power Rating

• 6.1 Introduction
• 6.2 Low Power
• 6.3 Medium Power
• 6.4 High Power

7 Global Busbar Market, By Application

• 7.1 Introduction
• 7.2 Power Distribution
• 7.3 Motor Control Centers
• 7.4 Renewable Energy
• 7.5 Data Centers
• 7.6 Transportation
• 7.7 Other Applications

8 Global Busbar Market, By End User

• 8.1 Introduction
• 8.2 Utilities
• 8.3 Industrial
• 8.4 Commercial
• 8.5 Residential
• 8.6 Other End Users

9 Global Busbar Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 TE Connectivity
• 11.2 Schneider Electric Co
• 11.3 Rittal GMBH & Co. KG
• 11.4 R.J. Group
• 11.5 Promet AG
• 11.6 Megabarre Group
• 11.7 Legrand
• 11.8 Larsen & Toubro
• 11.9 KGS Engineering Ltd
• 11.10 Godrej & Boyce Manufacturing Company Ltd.
• 11.11 General Electric Company
• 11.12 Entraco Power
• 11.13 Eaton Corporation, P.L.C.
• 11.14 C&S Electric Ltd.
• 11.15 Busbar Services
• 11.16 ABB Ltd.
• 11.17 A.E EleKTrik A.S.