Data Center Busway Market is Forecasted to Reach US$ 9.4 Billion in 2031, Says Stratview Research

The global data center busway market is projected to witness a growth rate of 16.3% annually from 2024 to 2031, with an anticipated size of US$ 9.4 billion by 2031, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global data center busway market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2031: US$ 9.4 billion
Growth (CAGR): 16.3% during 2024-2031
Forecast Period: 2024-2031
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Data Center Busway Market:

The global Data Center Busway market is segmented based on Product type, Data Center type, Voltage type, and Region.

Based on product type - The data center busway market is classified into sandwich-style busway, track busway, and air-insulated busway based on product type. Sandwich-style busways are estimated to remain dominant in the forecasted period. The dominance of sandwich-style busways is attributed to their compact size, improved power density, and better thermal performance, allowing them to be the first choice for large-capacity and high-power data centers.
Track busways are estimated to grow at the highest rate, owing to benefits like future expansion compatibility and easier installation. On the other hand, the most rapid growth is powered by its scalability, modular nature, and ease of expansion. With the increasing adoption of AI and cloud computing, data centers increasingly need more flexible and easily reconfigurable power distribution solutions, thereby driving the demand for track busways.

Based on voltage type - The market is segmented into low-voltage and medium-voltage busways. The low-voltage busway is expected to generate the most demand, as it is widely employed within distribution networks and data halls to meet the power needs of IT equipment and racks. However, the medium voltage busway is the most rapidly developing category, and it is fueled by the increasing power requirements of hyperscale and AI-based data centers, which need high-capacity power distribution systems for effective management of growing loads. As data centers grow in density and scale, the adoption of medium-voltage busway is gaining traction, due to advantages like minimized transmission loss, better power efficiency, and greater next-generation scalability.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The North America region is expected to continue being the largest demand generator for data center busway. North America's dominance is driven by the high density of hyperscale data centers, sophisticated digital infrastructure, and the pronounced presence of major cloud services in the form of AWS, Microsoft, and Google. Moreover, strict regulations regarding energy efficiency and sustainability fuel the use of cutting-edge power distribution solutions like busways in data centers throughout the region. At the same time, the Asia-Pacific is experiencing the fastest growth, propelled by accelerated digitalization, enhanced cloud adoption, and heavy data center infrastructure investment in China, India, and Southeast Asia. The growth in AI workloads, hyperscale facility expansion, and government-sponsored data localization drive the demand for high-efficiency power distribution technologies such as busways even higher, making the Asia-Pacific a major growth driver in the international market.

Data Center Busway Market Drivers:
Some of the key drivers listed in the report are given below.
• The growing demand for scalable and energy-efficient power distribution in data centers is a key driver for the busway market.
• The rise in hyperscale and colocation data centers.
• With global digital transformation accelerating, companies are investing heavily in high-capacity data centers to support growing computational needs. Busways help meet increasing power demands by providing high-reliability power distribution, reducing cable clutter, and enabling rapid system reconfigurations.
• Sustainability concerns and regulatory compliance drive the adoption of energy-efficient busway systems, aligning with green data center initiatives and carbon reduction goals.

Top Companies in the Data Center Busway Market:
Stratview Research has identified the following companies as the top market players.
• Schneider Electric SE
• ABB Company
• Vertiv Holdings Co.
• Eaton Corporation PLC
• Siemens AG
• Legrand Group
• Cummins Inc.
• Mitsubishi Electric Company
• S&C Electric Company Inc.
• Delta Electronics Inc.
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Data Center Busway Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.