Busbar Trunking System Market Analysis | 2023-2028

Market Insights

The Busbar Trunking System Market was estimated at US$ 1.54 billion in 2022 and is expected to grow at a healthy CAGR of 8.8% during 2023-2028 to reach US$ 2.58 billion by 2028.

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What is a Busbar Trunking System?

A Busbar Trunking System is a power distribution system that consists of a prefabricated electrical distribution system enclosed in a protective housing. It is designed to efficiently and safely distribute electrical power in commercial, industrial, and large residential buildings. The system typically comprises copper or aluminum busbars, which act as conductors, along with insulators, tap-off units, and accessories. Busbar trunking systems eliminate the need for conventional cable wiring, offering advantages such as easy installation, flexibility, scalability, and better power distribution efficiency. They are widely used to provide a reliable and cost-effective solution for power distribution in modern buildings and facilities.

Market Drivers

Increasing focus on energy conservation & energy efficiency along with increasing investment towards modernizing aging electricity infrastructure is likely to drive the market for busbar trunking systems.

Segments Analysis

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By Insulation Type

Based on the insulation type, the market is segmented as sandwich and air-insulated. The sandwich insulation segment is projected to be the larger segment of the market during the forecast period. Flexible installation, better mechanical protection, and space savings are the major factors behind the dominance of the sandwich segment.

By Application Type

Based on the application type, the market is segmented as industrial, commercial, and utilities. The industrial segment is projected to remain the largest segment of the market. Huge investment towards rapidly expanding industrial sectors in the emerging economies along with modernization of existing capabilities in the developed markets is the major factor driving the growth of the industrial sector.

Regional Analysis

In terms of regions, Asia-Pacific is estimated to be the largest market led by China, Japan, India, South Korea, ASEAN Countries, and Others. Expanding industrial sector, rapid urbanization, significant economic development in the region, and increased focus on energy conservation are the major factors driving the growth of the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the key players in the busbar trunking system market are-

• ABB
• ARJ Group
• C&S Electric
• DBTS
• Eaton
• General Electric
• Godrej & Boyce
• Larsen & Toubro (L&T)
• Legrand
• Megabarre
• MK Electric
• Naxso
• Schneider Electric
• Siemens

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholder validation, and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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