Press release
Global Busbar Market 2024 Growth Rate, Latest Trends, Industry Insights And Forecast To 2033 | Major Players Are Siemens AG, ABB Ltd., Schneider Electric SE, Eaton Corporation PLC, TE Connectivity Ltd
Busbar Market
The Business Research Company offers in-depth market insights through Busbar Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The busbar market size has grown strongly in recent years. It will grow from $16.93 billion in 2023 to $17.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to industrialization and infrastructure development, rising energy consumption, increasing renewable energy integration, demand from key end-use industries, government regulations.
The busbar market size is expected to see strong growth in the next few years. It will grow to $22.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to transition to smart grids, continued industrial growth, focus on energy efficiency, rising data center construction, integration of energy storage. Major trends in the forecast period include rising demand for energy efficiency, increased adoption of renewable energy, advanced materials and technologies, compact and modular designs, electrification of transportation.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=10034&type=smp
Market Segmentation:
The busbar market covered in this report is segmented -
1) By Material: Aluminum, Copper, Brass
2) By Power Rating: Low, Medium, High
3) By End-User: Utilities, Industrial, Residential, Commercial
Major Driver - Surging Concerns Over Energy Loss Reduction Drives Growth In Busbar Market
The rising concern towards the reduction of energy losses in electric transmission is expected to propel the growth of the busbar market. Energy loss in electric transmission refers to energy wasted during electricity production, transmission, and distribution, including plant and unexplained use. The resistance of the electrical conductors used in a power transmission system is one of the main contributors to energy losses. Busbars can carry large amounts of electricity with little energy waste because of their low resistance. Busbars can be used instead of conventional wire to decrease energy losses, saving money. For instance, in July 2022, according to Energy Information Administration (EIA), a US-based statistical agency of the Department of Energy, each year, transmission and distribution losses amount to around 5% of the total electricity generated. This resulted in a loss of 207 million MWh in 2020, which, at an average wholesale power price of $30/MWh, was worth $6.21 billion. Therefore, the rising concern towards reducing energy losses in the electric transmission is driving the growth of the busbar market going forward.
Competitive Landscape:
Major companies operating in the busbar market report are Siemens AG, ABB Ltd., Schneider Electric SE, Eaton Corporation plc, TE Connectivity Ltd., Legrand S.A., Mersen S.A., CHINT Group Co. Ltd., C&S Electric Limited, Rogers Corporation, Friedhelm Loh Group, Cubic Module System A/S, Hager Vertriebsgesellschaft mbH & Co. KG, Starline Holdings LLC, Sedotec GmbH & Co. KG, Methode Electronics Ltd., General Electric Company, Rittal GMBH & Co. KG, Power Products LLC, Promet AG, Godrej & Boyce Manufacturing Company Limited, Bhagyanagar India Limited, Oriental Copper Co. Ltd., Littelfuse Inc., Southwire Company LLC, Pentair plc, Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S., Keiper Electric GmbH, Mitsubishi Electric India Private Limited, nVent Electric plc, Alcan Cable, ERICO International Corporation
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/busbar-global-market-report
Top Trend - Introduction Of Powerbar Impb Redefines The Busbar Market With Modular And Scalable Solutions
Major companies operating in the busbar market are developing advanced products such as modular busbar systems to gain a competitive edge in the market. Modular busbar systems refer to an electrical distribution system composed of individual, standardized modules or segments that can be easily connected and assembled to create a customized and flexible power distribution network. For instance, in September 2022, Vertiv, a US-based digital infrastructure solutions company, launched the Vertiv Powerbar iMPB, designed to support the critical digital infrastructure of data centers and dynamic environments. The modular busbar system offers scalability with capacities ranging from 160 amps to 1,000 amps, enabling seamless power upgrades in data centers, laboratories, distribution warehouses, and other adaptable settings. The system allows for uninterrupted additions and upgrades without requiring extra floor space, addressing the evolving power needs of modern data centers with a compact and flexible solution.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Busbar Market Characteristics
3. Busbar Market Trends And Strategies
4. Busbar Market - Macro Economic Scenario
5. Busbar Market Size And Growth
…..
27. Busbar Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Busbar Market 2024 Growth Rate, Latest Trends, Industry Insights And Forecast To 2033 | Major Players Are Siemens AG, ABB Ltd., Schneider Electric SE, Eaton Corporation PLC, TE Connectivity Ltd here
News-ID: 3388596 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Busbar
Redefines The Busbar Market With Modular And Scalable Solutions Industry Trends …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Busbar Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the busbar market has witnessed considerable growth. The size of the market is set to increase from $17.71 billion in 2024 to $18.64 billion in 2025, charting a compound annual growth…
Busbar Solution Market Size Analysis by Application, Type, and Region: Forecast …
USA, New Jersey- According to Market Research Intellect, the global Busbar Solution market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The busbar solution market is poised for steady growth from 2025 to 2032, driven by the increasing demand for efficient power distribution systems across various…
Transforming the Busbar Trunking Systems Market in 2025: Construction Boom Fuels …
What Is the Expected Size and Growth Rate of the Busbar Trunking Systems Market?
The busbar trunking systems market has grown rapidly. It is anticipated to increase from $2.99 billion in 2024 to $3.36 billion in 2025, reflecting a CAGR of 12.2%. The historical expansion was fueled by rising demand for stable and reliable power distribution, expanding electrification in developing nations, advantages over conventional wiring systems, the growth of renewable energy…
New Energy Vehicle Busbar Market 2024-2030: Insights into Copper and Aluminum Bu …
New Energy Vehicle Busbar Market
New Energy Vehicle Busbar Market Size
The global New Energy Vehicle Busbar market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-6L14718/Global_New_Energy_Vehicle_Busbar_Market_Research_Report_2023
Major Trends Driving the New Energy Vehicle Busbar Market
The New Energy Vehicle (NEV) Busbar market is witnessing significant growth due to the increasing adoption of electric…
Automotive Electrical Busbar Market 2024 Product Types (Copper Busbar, Aluminium …
The "Automotive Electrical Busbar Market" report provides key insights into market size, share, growth dynamics, and emerging trends, enabling businesses to make data-driven decisions and enhance their strategies for expansion. It also highlights technological advancements, diverse sales channels, market penetration, production methods, and company revenues, offering a holistic perspective of the market landscape.
Browse Full Report at: https://www.themarketintelligence.com/market-reports/automotive-electrical-busbar-market-1498
About Automotive Electrical Busbar Market:
The global Automotive Electrical Busbar market size was USD 319.12 million…
Global Busbar Trunking System Market
Global Busbar Trunking System Market valued approximately USD 5.90 billion in 2016 is anticipated to grow with a healthy growth rate of more than 7.23% over the forecast period 2018-2025. Rising energy consumption because of increasing urbanization & industrialization, cost & operational benefits of busbar over cables and increasing concerns towards energy efficiency are the major factors which are driving the growth in the Global Busbar Trunking System Market. Besides…
