The global Busbar Trunking market was worth approximately USD 5.90 billion in 2016. The market is expected to grow at a strong 7.23 percent CAGR between 2018 and 2025. Increasing urbanization and industrialization, economic and operational advantages of busbars over cables, and increasing concerns about energy efficiency are driving the growth of the global Busbar Trunking Market. This is compounded by the fact that the cost of raw materials is highly volatile. A busbar is a conductor of electricity that is used in switchboards, distribution boards, and other electrical devices to distribute power. It is possible to prevent cable damage by employing an aluminium or copper bus bar trunking system with sufficient protection. As a result of their increased safety and convenience, busbars are becoming increasingly popular.
An analysis of opportunities, trends, challenges, and drivers of market growth is provided in a 2022–2025 forecast report that is created based on an in-depth analysis of these factors.
Based on conductor material, Busbar Trunking Sytems can be categorized into aluminium, copper alloys, and other combinations of these materials. The market for busbar systems is dominated by copper busbars. Low current and high current applications can both benefit from cooper bus bars. Aluminium busbars are commonly used in low- and medium-voltage circuits.
Copper is more expensive, while aluminum is more affordable.
Because of this, copper-aluminum alloys are employed to assure higher performance and lower costs than aluminium. Specific applications may call for the use of other alloys.
The market for Busbar Trunking Sytems may be split into residential, commercial, industrial, transportation, and other applications based on the end user.
The busbar trunking market is dominated by the industrial and transportation sectors. The Busbar Trunking Sytems is used for efficient and dependable power distribution in all industries, regardless of specialisation. Modernization of the electrical infrastructure in industries will include the use of busbars in the near future. A busbar is a common power distribution system found in commercial buildings such as malls, data centres, retail stores, and office buildings. Busbars, as opposed to standard cabling, are more commonly found in business and residential high-rises.
The global Busbar Trunking Sytems market is being driven by the increasing demand for a reliable and consistent supply of power. Demand for busbar trunking will rise when existing electrical infrastructure is modernised. Demand for sophisticated electrical equipment, such as busbars and inter-transformers, is expected to rise in emerging countries as they become more plugged into the grid. Aluminum and aluminum-copper alloy busbars are readily available at inexpensive prices, making them ideal for small businesses and developing countries.
Top Players: Godrej, C&S Electric Limited, Legrand, Siemens, Alfaduct, EAE Elektrik, Naxso Srl, Terasaki Electric, L&T Electrical and Automation, WEG Electric Corp, Aurubis, DTM Elektroteknik, M Gladwin Electrical Contractors Ltd, Blutronic W.L.L, Chongqing Tianbao Conductor Busbar Electrical Co., Anord Mardix Inc., JRC Powertech, Maan Engineering Ltd, KDH Engineering Ltd., NORELCO, DBTS Africa, Eaton, Jiangsu Wetown Busway Co., Ltd., Shanghai ZHENDA and Schneider Electric.
In the global Busbar Trunking market, copper and aluminium prices are the primary market restraints. It’s because of supply and demand that the raw material’s price changes. Additionally, tariffs and other trade restrictions have a significant impact on metal product costs.
Also See: The Global Forensic Technology Market Size Will Expand with High CAGR During Forecast Period 2022-2028