Press release
Busbar Market to Reach USD 22.31 Billion by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/1800/busbar-market.html
Market Statistics
• Market size (2022): USD 16.18 billion
• Forecast value (2028): USD 22.31 billion
• CAGR: 5.4%
• Forecast period: 2023-2028
• Base year: 2022
• Total number of segments: 3 segmentation categories
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Material Type
• Copper
• Aluminum
By Power Range Type
• Low
• Medium
• High
By Application Type
• Commercial
• Residential
• Industrial
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In material type, the copper busbar segment dominates the market during the forecast period due to copper's superior electrical conductivity, high tensile strength, and longer lifespan that enable efficient transmission of large currents with minimal losses. Suppliers focusing on advancing copper busbar offerings can meet stringent performance demands and differentiate their products on quality and reliability.
For power range type, the high power segment leads the market as the modernization of ultra-high transmission lines and demand for reduced line losses in large infrastructure projects encourage adoption of high power busbars that offer lower sagging, effective long-distance transmission, and compliance with industrial standards. Businesses aligned with high power solutions can better address utility and heavy-industry requirements.
Within application type, the commercial segment is dominant during the forecast period owing to rapid urbanization and increasing electricity demands in commercial buildings, data centers, and retail complexes that require robust and efficient power distribution systems; companies that tailor their busbar solutions to commercial infrastructure needs are well positioned to capture growth opportunities.
Regional Insights
Asia-Pacific is the leading region in the busbar market, driven by rising investments in grid modernization and expansion, along with initiatives to avoid electricity supply and demand mismatches in developing economies like China and India, which collectively support sustained demand for advanced power distribution components.
Market Drivers
• Growing investments in modern and efficient power supply networks to enhance grid reliability.
• Rising need for continuous and reliable electricity supply in commercial and industrial infrastructure.
• Focus on minimizing energy losses across transmission and distribution systems.
• Urbanization and expansion of commercial construction increasing power distribution requirements.
• Infrastructure development and electrification initiatives in emerging economies.
Competitive Landscape
Top Companies in the Market
• Godrej & Boyce Mfg. Co. Ltd.
• Halcor
• Littelfuse
• MERSEN
• Methode Electronics
• Oriental Copper Co., Ltd.
• Pentair
• Rittal
• Schneider Electric
• Southwire Company, LLC.
FAQs
1.What is the projected size of the global busbar market by 2028?
The global busbar market is expected to reach USD 22.31 billion by 2028.
2.What growth rate is the busbar market expected to experience in the forecast period?
The busbar market is projected to grow at a CAGR of 5.4 % from 2023 to 2028.
3.Which material type holds the largest share in the busbar market?
Copper busbars dominate the market due to their higher conductivity and durability.
4.What applications drive the demand for busbars in power distribution?
Commercial applications dominate as urbanization and electricity demand in buildings increase.
5.Which region leads global busbar market demand?
Asia-Pacific is the leading region in the global busbar market.
Related Links:
Waterborne epoxy resin market: https://www.wowonder.xyz/read-blog/362341
Water treatment technology market: https://ivebo.co.uk/read-blog/217567
Welding materials market: https://network.musicdiffusion.com/read-blog/72021
Adsorbents market: https://www.ganjingworld.com/news/1i8j5huo0um2ifMcygsXeamCT1pb1c/global-adsorbents-market-insights-and-future-potential
Anti corrosion coatings market: https://scrapbox.io/mrnews/Global_Anti-Corrosion_Coatings_Market_2023%E2%80%932028:_Growth_Driven_by_Industrial_and_Infrastructure_Expansion
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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.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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