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Global Busbar Trunking System Market to Reach USD 16.9 Billion by 2034, Expanding at a CAGR of 6.5% - Transparency Market Research, Inc.
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Analyst Viewpoint
The busbar trunking system market is benefiting from the increasing need for efficient power distribution solutions that minimize installation time and reduce risks of power outages and equipment failures. BBTs, which are fully insulated using halogen-free fire retardant insulation, offer a reliable alternative to conventional cables. Moreover, the growing global emphasis on sustainability is further driving market adoption, as these systems are resource-saving, reusable, and easy to recycle. Key players in the market are focusing on delivering completely enclosed, non-ventilated designs that cater to power transmission and distribution in various industrial, commercial, and residential applications.
Market Introduction
A busbar trunking system (BBT) is an enclosed electrical distribution system composed of solid conductors separated by insulating materials. It efficiently transports current between different points in a power network. The global market offers three main types of BBTs: compact air, sandwich, and cast resin. Compact air BBTs use air as an insulator, although this requires a larger busduct size; sandwich BBTs feature individually insulated conductors arranged like a sandwich; while cast resin busways are designed for high-performance, low-voltage applications in outdoor and harsh environments. Compared to traditional cable systems, BBTs can significantly reduce on-site installation time and costs, making them an attractive solution for commercial and industrial buildings.
Key Players in the Busbar Trunking System Market:
ABB
C&S Electric Limited
Eaton
Schneider Electric
LARSEN & TOUBRO LIMITED
Legrand
Godrej & Boyce Mfg. Co. Ltd.
EAE Group
Latest Developments & Strategic Initiatives
April 2024 - ABB made a minority investment in GridBeyond, a provider of energy management solutions based on artificial intelligence and data science. This strategic move aims to help customers better optimize distributed energy resources and industrial loads.
March 2024 - Eaton received two grants from the Czech Republic to participate in innovative mobility projects, including the design and development of an electrified off-road truck and a new power distribution unit (PDU) with a 200 kW DC/DC converter for hydrogen fuel cell powered trucks.
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Top Market Trends Shaping the Industry
Rise in Demand for Flexible and Reliable Electrical Distribution Systems - BBTs offer quick installation, reduced on-site manpower, and significant cost savings compared to traditional cable systems. Their design flexibility, including tap-off box outlets for future modifications, makes them ideal for modern power distribution needs.
Surge in Focus on Sustainability in Power Generation and Consumption - As governments globally invest in renewable energy and modernize power grids, the move toward sustainable, resource-efficient power distribution solutions like BBTs is accelerating. Increased renewable energy capacity is driving the need for distributed and bidirectional energy flow management.
Industry Insights and Future Outlook
The busbar trunking system market is poised to grow significantly, spurred by advancements in electrical distribution technologies and a global shift toward sustainability. With BBTs providing enhanced protection, reliability, and flexibility in power management, their adoption is expected to rise in sectors such as solar power plants, hospitals, malls, and commercial complexes. The market growth in key regions like Asia Pacific, driven by rapid renewable energy adoption, and Europe, through substantial grid modernization investments, underscores the positive outlook for BBTs globally.
Market Segmentation
By Material
Copper
Aluminum
By Insulation Type
Compact Air
Sandwich
Cast Resin
By Power
Low Voltage
Medium Voltage
High Voltage
By End-use
Industrial
Transportation
Residential
Commercial
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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