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Busbar Trunking System Market Size, Share and Global Trend By Conductor Material (Copper, Aluminum, Alloy), By Insulation Type (Air Insulation, Sandwich Insulation), By Power Rating (Lighting, Low, Medium, High), By End-User (Residential, Commercial, Industrial, Transportation, Others) and Geography Forecast till 2026

Region : Global | Published Date: Upcoming | Report ID: FBI100911| Status : Upcoming

 

KEY INDUSTRY INSIGHTS

Stable and reliable supply of electricity is key to the development of all countries. Distribution of electricity is carried out in a variety of places; right from power generation units to commercial establishments. Busbar trunking system is a system of distributing electric power using thick metal electrical conductor strip with suitable enclosures, insulation, and protection. Busbar is made up of metal conductors like copper, aluminum, and alloys. Busbars have become necessary because of convenience and safety factor.


The cost and time of using traditional cabling and trunking are higher as compared to busbar trunking. Busbar trunking system has several advantages when compared to conventional cabling. Busbar trunking is compact and flexible. It has better thermal performance as compared to traditional wiring. Busbars can deliver current in the range of 125A to 7000A suitable for a wide variety of applications. Busbars are future-ready due to their modular design. Hence rewiring consumes less time and energy. Compared to traditional wiring, busbar solves the problem of hanging wires and increases the safety of the place.

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Based on conductor material, busbar trunking system can be divided into aluminum, copper, and alloys. Copper busbars dominate the busbar system market. The cooper busbars can be used for low current as well as high current applications. The aluminum busbars are used for low current and medium current applications. The low cost of aluminum is an advantage over copper.

Hence, copper-aluminum alloys are being used to ensure better performance as compared to aluminum and low cost as compared to copper. Other alloys are used as per individual requirements of a particular application. Based on end-user, busbar trunking system market can be segmented into residential, commercial, industrial, transportation, and others.

The industrial and transportation segment dominates the market share of the busbar trunking market. All industries are irrespective of specialization use busbar trunking system for efficient and reliable power distribution. The aging electrical infrastructure in industries will be modernized in the near future and busbar will be an integral part of the modernization. Commercial establishments like shopping complexes, IT centers, retail outlets, office spaces use busbar for power distribution. High-rise buildings used for commercial or residential purposes prefer to use busbars instead of traditional cabling.


The major market driver for the global busbar trunking system market is the increasing demand for a stable and reliable supply of power distribution. Modernization of existing electrical infrastructure will boost demand for busbar trunking market. The expanding electrification of developing countries will spur the demand for modern electrical equipment such as busbars and interment transformers. The availability of low-cost busbars made up of aluminum and aluminum-copper alloys have made it easily accessible to small-scale industries and developing nations.


The critical market restraint for the global busbar trunking system market is the oscillating price of raw materials like copper, aluminum. The price of raw material fluctuates due to a difference in supply and demand. Tariffs and trade restriction play also play a major role in increasing prices of processed metal products.


Key Players Covered


Some of the major companies that are present in the global busbar trunking system market are Godrej, C&S Electric Limited, Legrand, Siemens, Alfaduct, EAE Elektrik, Naxso Srl, Terasaki Electric, L&T Electrical and Automation, WEG Electric Corp, Aurubis, DTM Elektroteknik, M Gladwin Electrical Contractors Ltd, Blutronic W.L.L, Chongqing Tianbao Conductor Busbar Electrical Co., Anord Mardix Inc., JRC Powertech, Maan Engineering Ltd, KDH Engineering Ltd., NORELCO, DBTS Africa, Eaton, Jiangsu Wetown Busway Co., Ltd., Shanghai ZHENDA and Schneider Electric.


SEGMENTATION






























SEGMENTATION



 DETAILS



By Conductor Material



· Copper


· Aluminum


· Alloys



By Insulation Type



· Air Insulation


· Sandwich Insulation



By Power Rating



· Lighting


· Low


· Medium


· High



By End-User



· Residential


· Commercial


· Industrial


· Transportation


· Others



By Geography



· North America (the USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


· Latin America (Brazil, Mexico, and Rest of Latin America)


· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Regional Analysis


Based on the region, the busbar trunking systems market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the busbar trunking system market. Availability of monetary resources due to high economic activity is the primary reason for the dominance of North America in the busbar trunking system market. The government of the USA has taken the initiative to replace all the traditional cables with modern busbars has increased its demand in recent years. Similar efforts in Europe, China, Australia, India, and Canada in upcoming years, will boost demand for busbars trunking system market. The introduction of long-distance high voltage transmission all over the world has spurred the requirement for busbars trunking systems. Electrification in developing countries of Latin America, Asia Pacific, Middle East, and Africa will raise the demand for low-cost busbar in the future. Increase in manufacturing activity in countries like Bangladesh, Vietnam, and India will also spur the demand for low-cost solutions for busbar trunking system market. The emergence of renewable power generation projects in Europe, Asia Pacific, Middle East, and Latin America has increased the demand for the busbars trunking systems.


Key Industry Developments




  • In Jun 2019, ABB has released a DC-based power distribution system known as Onboard Microgrid to help smaller vessels improve fuel efficiency.
  • In Jun 2019, Siemens has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to supply the country’s first digital power transformer – Siemens’ Sensformer
  • In Jun 2019, Larsen & Toubro (L&T) has bagged a turnkey contract for building a power generation project worth over Rs 7,000 crore

Busbar Trunking System Market Size, Share and Global Industry Trend Forecast till 2026
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