Press release
Bus Duct Market to Reach USD 20.34 Billion by 2032, 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/4049/bus-duct-market.html#form
Market Statistics
• Market size (2024): USD 13.65 Billion
• Forecast value (2032): USD 20.34 Billion
• CAGR (2025-2032): 5.06%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Voltage Type
• Low (up to 1 kV)
• Medium (1-35 kV)
• High (above 35 kV)
By Type
• Isolated Bus Ducts
• Segregated Bus Ducts
• Non-Segregated Bus Ducts
By Material Type
• Copper
• Aluminium
By End-Use Type
• Utilities
• Industrial
• Commercial
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
Under material type, the aluminium segment is expected to grow the fastest because of its cost effectiveness, lightweight properties, and good electrical conductivity, making it a preferred choice for project developers aiming to reduce overall system weight and costs without compromising on performance.
In end-use categories, the commercial segment holds the largest share as extensive urbanization and burgeoning commercial infrastructure - such as offices, malls, high-rise buildings, and data centers - demand reliable and efficient power distribution solutions, pushing suppliers to strengthen ties with commercial construction firms.
Regional Insights
Asia-Pacific is the dominant and fastest-growing region in the bus duct market driven by rapid urbanization, ongoing infrastructure and industrial growth, increasing investments in renewable energy projects, and modernization of power grid systems, which are fueling demand for advanced power distribution infrastructure across the region.
Market Drivers
• Rapid urbanization and infrastructural expansion increasing demand for efficient electrical distribution systems.
• Growth in industrialization requiring high-capacity power distribution networks.
• Rising investments in renewable energy and smart grid integration boosting bus duct adoption.
• Expansion of commercial constructions, including data centers and high-rise buildings, where bus ducts ensure reliable power delivery.
• Preference for lightweight, cost-effective materials like aluminium enhancing product uptake.
Competitive Landscape
Top Companies in the Market
• ABB
• Schneider Electric
• Siemens
• Eaton
• Legrand
• General Electric Company
• Vertiv Group Corporation
• Powell Industries
• Novolecs
• Brilltech
FAQs
1.What is the projected value of the bus duct market by 2032?
The bus duct market is expected to reach USD 20.34 billion by 2032.
2.What is the expected CAGR for the bus duct market between 2025 and 2032?
The market is forecast to grow at a CAGR of 5.06% during the 2025-2032 period.
3.Which material type is expected to grow the fastest in the bus duct market?
Aluminium is projected to be the fastest-growing material type due to its lightweight and cost advantages.
4.Which end-use segment leads the bus duct market?
The commercial segment holds the largest share, driven by demand from commercial buildings and infrastructure projects.
5.What region is driving demand in the bus duct market?
The Asia-Pacific region is both the dominant and fastest-growing market due to rapid urban and industrial growth and energy infrastructure investments.
Related Links:
Firefighting foam market: https://network.musicdiffusion.com/read-blog/58780
Shape memory alloys market: https://ivebo.co.uk/read-blog/222616
Organic pigments market: https://www.wowonder.xyz/read-blog/359649
Leather chemicals market: https://payrchat.com/blogs/38049/leather-chemicals-market
Hydraulic fluids market: https://velog.io/@stella_reed/Hydraulic-Fluids-Market-Trends-and-Growth-Outlook
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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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