HOME Top Market Reports Busbar Market by Conductor (Copper, Aluminum), Power Rating (Low, Medium, High Power), End-User (Utilities, Commercial, Industrial, Residential, Industrial (Chemicals & Petroleum, Metals & Mining, Manufacturing)), and Region - Global Trends & Forecast to 2021

Busbar Market by Conductor (Copper, Aluminum), Power Rating (Low, Medium, High Power), End-User (Utilities, Commercial, Industrial, Residential, Industrial (Chemicals & Petroleum, Metals & Mining, Manufacturing)), and Region - Global Trends & Forecast to 2021

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: EP 3437

 

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The busbar market was valued at USD 12.17 Billion in 2015, and is expected to grow at a CAGR of 5.48% from 2016 to 2021. Growing energy consumption due to industrialization and urbanization, increasing focus on energy efficiency, and cost & operational benefits of busbar over cables are the major factors driving the busbar market.

The years considered for the study are as follows:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016–2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define and segment the global busbar market
  • To estimate the market size, in terms of value, of the global busbar market
  • To analyze the market with respect to end-user, conductor, power rating, and region
  • To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the major stakeholders of the global busbar market and provide details of the competitive landscape for key market leaders
  • To study industrial trends and forecast the North American, European, Asia-Pacific, South American, the Middle East, and African markets
  • To analyze competitive developments such as contract agreements, mergers and acquisitions, new product launch, and R&D in the busbar market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global busbar market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players providing busbar
  • Analysis of the busbar market based on the conductor type across different end-users
  • Assessment of future trends and industrial growth of end-use industries
  • Assessment of the busbar market with respect to the power rating used for different applications
  • Study of market trends in various regions/countries supported by application of busbar in the commercial, residential, utilities, industrial, transportation, telecom and other industries
  • Study of contracts and developments related to busbar, for key players, across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing busbar across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

Busbar Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global busbar market starts with suppliers of basic components such as copper, aluminum, or alloy material. The manufactured parts are then assembled by the OEM (original equipment manufacturer) to form a busbar, which is then tested. This stage is followed by the distribution stage, following which the product is provided to the end-users. Distribution is the next stage of the supply chain. The top players in the industry market their products through self-operated sales offices located near target markets, while regional players rely on distribution partnerships to access diverse markets. Some of the major players in the busbar market are ABB LTD. (Switzerland), Schneider Electric (France), Siemens AG (Germany), Eaton Corporation plc. (Ireland), and Legrand S.A. (France), among others.

Target Audience:

The target audience includes:

  • Busbar manufacturers, dealers, and suppliers
  • Busbar equipment manufacturing companies
  • Government and research organizations
  • Environmental and industrial associations
  • Banks, venture capitalists, financial institutions, and other investors
  • Market research and consulting firms

Scope of the Report:

  • By Conductor
    • Aluminum
    • Copper
  • By End-Users
    • Utilities
    • Residential
    • Commercial
    • Industrial End-Users
      • Chemicals & Petroleum
      • Metals & Mining
      • Manufacturing
      • Others
  • By Power Rating
    • Low Power (Below 125 A)
    • Medium Power (125 A–800 A)
    • High Power (Above 800 A)
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Package Size
    1.7 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions
          
3 Executive Summary (Page No. - 26)

4 Market Overview (Page No. - 29)
    4.1 Introduction
    4.2 Advantages of Busbars Over Cables
    4.3 Market Segmentation
           4.3.1 By Power Rating
           4.3.2 By End-Users
           4.3.3 By Industrial End-Users
           4.3.4 By Conductor
           4.3.4 By Region
    4.4 Market Dynamics
           4.4.1 Drivers
                    4.4.1.1 Cost and Operational Benefits of Busbar Over Cables
                    4.4.1.2 Growing Energy Consumption Due to Industrialization and Urbanization
                    4.4.1.3 Increasing Focus on Energy Efficiency
           4.4.2 Restraints
                    4.4.2.1 Emerging Grey/Unorganized Market Providing Low-Quality and Low Price Products
           4.4.3 Opportunities
                    4.4.3.1 Developments of Smart Cities
                    4.4.3.2 Power Sector Reforms Leading to Upgrades in Transmission and Distribution Networks
           4.4.4 Challenges
                    4.4.4.1 Volatility of Raw Material Prices, Especially Copper

5 Premium Insights (Page No. - 37)
    5.1 Attractive Market Opportunities in the Global Market for Busbar
    5.2 Global Market for Busbar – End-User Segments
    5.3 Global Market for Busbar , 2015
    5.4 U.S. Commands Over One-Fifth of the Market Share
    5.5 Global Market for Busbar, By End-User in 2015
    5.6 Global Market for Busbar: Developed vs Developing Nations
    5.7 Utilities Sector has A Promising Future in Emerging Economies of the Asia-Pacific Region
    5.8 Life Cycle Analysis, By Region

6 Global Busbar Market, By Power Rating (Page No. - 46)
    6.1 Introduction
    6.2 Global Busbar Market, By Power Rating
    6.3 Low Power (Less Than 125 A)
    6.4 Medium Power (126a–800 A)
    6.5 High Power (Above 800 A)

7 Global Busbar Market, By End-User (Page No. - 51)
    7.1 Introduction
    7.2 Utilities
    7.3 Industrial
    7.4 Residential
    7.5 Commercial

8 Global Busbar Market, By Industrial End-User (Page No. - 56)
    8.1 Introduction
    8.2 Global Market for Busbar, By Industrial End-User
    8.3 Chemicals & Petroleum
    8.4 Metals & Mining
    8.5 Manufacturing
    8.6 Others

9 Global Busbar Market, By Conductor (Page No. - 62)
    9.1 Introduction
    9.2 Global Market for Busbar, By Conductor
    9.3 Copper
    9.4 Aluminium

10 Global Busbar Market, By Region (Page No. - 65)
    10.1 Introduction
    10.2 Global Market for Busbar, By Region
    10.3 North America
           10.3.1 U.S.
           10.3.2 Canada
           10.3.3 Mexico
    10.4 South America
           10.4.1 Argentina
           10.4.2 Brazil
           10.4.3 Colombia
           10.4.4 Venezuela
           10.4.5 Rest of South America
    10.5 Europe
           10.5.1 Germany
           10.5.2 France
           10.5.3 U.K.
           10.5.4 Italy
           10.5.5 Spain
           10.5.6 Russia
           10.5.7 Rest of Europe
    10.6 Asia-Pacific
           10.6.1 China
           10.6.2 Japan
           10.6.3 India
           10.6.4 Australia
           10.6.5 Rest of Asia-Pacific
    10.7 Middle East & Africa
           10.7.1 Nigeria
           10.7.2 South Africa
           10.7.3 Saudi Arabia
           10.7.4 U.A.E
           10.7.5 Iran
           10.7.6 Iraq
           10.7.7 Qatar
           10.7.8 Rest of the Middle East & Africa

11 Competitive Landscape (Page No. - 96)
     11.1 Overview
     11.2 Mergers and Acquisitions 2012–2016
     11.3 Contracts and Agreements 2012–2016
     11.4 New Product Launches 2012–2016
     11.5 Expansions 2012–2016
     11.6 Partnerships 2012–2016

12 Company Profiles (Page No. - 105)
     12.1 Introduction
     12.2 ABB Ltd.
             12.2.1 Business Overview
             12.2.2 Products & Services
             12.2.3 Developments
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 Chint Electrics Co., Ltd.
             12.3.1 Business Overview
             12.3.2 Products & Services
             12.3.3 Developments
     12.4 Eaton Corporation PLC
             12.4.1 Business Overview
             12.4.2 Products & Services
             12.4.3 Developments
             12.4.4 SWOT Analysis
             12.4.5 MnM View
     12.5 Legrand S.A.
             12.5.1 Business Overview
             12.5.2 Products & Services
             12.5.3 Developments
             12.5.4 SWOT Analysis
             12.5.5 MnM View
     12.6 Mersen S.A.
             12.6.1 Business Overview
             12.6.2 Products and Services
             12.6.3 Developments
     12.7 Power Products LLC.
             12.7.1 Business Overview
             12.7.2 Products & Services
             12.7.3 Developments
     12.8 Rittal GmbH & Co. Kg
             12.8.1 Business Overview
             12.8.2 Products & Services
             12.8.3 Developments
     12.9 Schneider Electric SE
             12.9.1 Business Overview
             12.9.2 Products &  Services
             12.9.3 Developments
             12.9.4 SWOT Analysis
             12.9.5 MnM View
     12.10 Siemens AG
             12.10.1 Business Overview
             12.10.2 Products & Services
             12.10.3 Recent Developments
             12.10.4 SWOT Analysis
             12.10.5 MnM View
     12.11 C&S Electric Co.
             12.11.1 Business Overview
             12.11.2 Products & Services
             12.11.3 Developments
     12.12 General Electric Company
             12.12.1 Business Overview
             12.12.2 Products & Services
             12.12.3 Developments
     12.13 Promet Ag
             12.13.1 Business Overview
             12.13.2 Products and Services
             12.13.3 Developments

13 Appendix (Page No. - 134)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (83 Tables)

Table 1 Increasing Awareness About Energy Efficiency in Leading Organizations is A Primary Driving Force for the Busbar Market
Table 2 Emerging Grey Market is Restraining the Growth of the Global Busbar Market
Table 3 Emerging Switchgears Market is an Opportunity for the Busbar Industry
Table 4 Price Instability of Raw Materials is A Challenge for Busbar Manufacturers
Table 5 Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 6 Low Power Busbar Market Size, By Region, 2014-2021 (USD Million)
Table 7 Medium Power Busbar Market Size, By Region, 2014-2021 (USD Million)
Table 8 High Power Busbar Market Size, By Region, 2014-2021 (USD Million)
Table 9 Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 10 Utilities Market Size, By Region, 2014-2021 (USD Million)
Table 11 Industrial Market Size, By Region, 2014-2021 (USD Million)
Table 12 Residential Market Size, By Region, 2014-2021 (USD Million)
Table 13 Others Market Size, By Region, 2014-2021 (USD Million)
Table 14 Busbar Market Size, By Region, 2014-2021 (USD Million)
Table 15 North America: Busbar Market Size, By Country, 2014-2021 (USD Million)
Table 16 U.S.: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 17 U.S.: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 18 Canada: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 19 Canada: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 20 Mexico: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 21 Mexico: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 22 South America: Busbar Market Size, By Country, 2014-2021 (USD Million)
Table 23 Argentina: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 24 Argentina: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 25 Brazil: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 26 Brazil: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 27 Colombia: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 28 Colombia: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 29 Venezuela: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 30 Venezuela: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 31 Rest of South America: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 32 Rest of South America: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 33 Europe: Busbar Market Size, By Country, 2014-2021 (USD Million)
Table 34 Germany: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 35 Germany: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 36 France: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 37 France: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 38 U.K.: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 39 U.K.: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 40 Italy: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 41 Italy: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 42 Spain: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 43 Spain: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 44 Russia: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 45 Russia: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 46 Rest of Europe: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 47 Rest of Europe: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Busbar Market Size, By Country, 2014-2021 (USD Million)
Table 49 China: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 50 China: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 51 Japan: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 52 Japan: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 53 India: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 54 India: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 55 Australia: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 56 Australia: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 57 Rest of Asia-Pacific: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 58 Rest of Asia-Pacific: Busbar Market Size, By Power Rating,  2014-2021 (USD Million)
Table 59 Middle East & Africa: Busbar Market Size, By Country, 2014-2021 (USD Million)
Table 60 Nigeria: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 61 Nigeria: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 62 South Africa: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 63 South Africa: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 64 Saudi Arabia: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 65 Saudi Arabia: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 66 UAE: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 67 UAE: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 68 Iran: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 69 Iran: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 70 Iraq: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 71 Iraq: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 72 Qatar: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 73 Qatar: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 74 Rest of Middle East & Africa: Busbar Market Size, By End-User, 2014-2021 (USD Million)
Table 75 Rest of Middle East & Africa: Busbar Market Size, By Power Rating, 2014-2021 (USD Million)
Table 76 Mergers & Acquisitions
Table 77 Contracts & Agreements
Table 78 New Product Launches
Table 79 Expansions
Table 80 Partnerships
Table 81 Mergers & Acquisitions, 2010-2014
Table 82 Contracts & Agreements, 2011-2015
Table 83 New Product Launches, 2013-2015


List of Figures (46 Figures)

Figure 1 Busbar Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 World Net Electricity Consumption, 2008-2012, (Billion Kwh)
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Method: Busbar Market
Figure 7 Global Busbar Market Snapshot (2015 vs 2020): Low Power Rating Busbars are Expected to Capture the Largest Market Share
Figure 8 Utilities Sector Was Estimated to Have the Largest Market in the End-User Segment in 2015
Figure 9 Asia-Pacific Dominated the Market in 2015
Figure 10 Attractive Market Opportunities in the Global Busbar Market
Figure 11 Industrial Segment to Grow at the Fastest Pace in the Global Busbar Market
Figure 12 Utilities Segment to Capture the Majority Share
Figure 13 The U.S. Commands Over One-Fifth of the Market Share
Figure 14 Utilities Segment is Expected to Continue to Dominate the Global Busbar Market
Figure 15 Global Busbar Market: Developing Countries are Estimated to Grow Faster Than Developed Ones
Figure 16 China Led the Asia-Pacific Busbar Market Share in 2015
Figure 17 Asia-Pacific Market to Witness an Exponential Growth Phase in the Coming Years
Figure 18 Busbar Market Segmentation
Figure 19 Busbar Market Segmentation: By Power Rating
Figure 20 Busbar Market Segmentation: By End User
Figure 21 Busbar Market Segmentation: By Region
Figure 22 Growing Industrialization & Urbanization is Driving the Global Busbar Market
Figure 23 Value Chain Analysis: Busbar Market
Figure 24 Supply Chain Analysis: Busbar Market
Figure 25 Porter’s Five Forces Analysis: Busbar Market
Figure 26 High Power Rating is the Fastest Growing Segment in the Global Busbar Market
Figure 27 Asia Pacific – an Attractive Destination for All End-User Applications
Figure 28 Regional Snapshot (2015) – Germany, China, and India are Emerging as New Hot Spots
Figure 29 Companies Adopted Various Growth Strategies in the Past Four Years
Figure 30 Market Share Analysis: Siemens Holds the Highest Market Share (Value) in 2014
Figure 31 Battle for Market Share: Mergers & Acquisitions is the Key Strategies Adopted By Major Players 2012-2015
Figure 32 Market Leaders Based on Developments, 2012-2015
Figure 33 Market Evolution Framework: Mergers & Acquisitions has Led to Market Growth and Contracts & Agreements has Fuelled Growth
Figure 34 Market Share Analysis 2010-2015
Figure 35 Geographic Mix of the Top 5 Players
Figure 36 Siemens AG: Company Snapshot
Figure 37 Siemens AG: SWOT Analysis
Figure 38 ABB Ltd.: Company Snapshot
Figure 39 ABB Ltd.: SWOT Analysis
Figure 40 Schneider Electric SE: Company Snapshot
Figure 41 Schneider Electric SE: SWOT Analysis
Figure 42 Eaton Corporation PLC: Company Snapshot
Figure 43 Eaton Corporation PLC: SWOT Analysis
Figure 44 Legrand S.A.: Company Snapshot
Figure 45 Legrand S.A.: SWOT Analysis
Figure 46 Mersen S.A.: Company Snapshot

The global busbar market is projected to grow at a CAGR of 5.48% from 2016 to 2021, to reach a size of USD 16.55 Billion by 2021. This growth is attributed to rising energy consumption due to increasing urbanization & industrialization, increasing focus on energy efficiency, and cost & operational benefits of busbar over cables.

The report segments the busbar market based on end-user into commercial, industrial, residential, and utilities. The utilities segment is the largest end-user of the busbar market as it finds a number of applications such as switchgear, motor controls, and transformers, among others. High power busbar are normally used in this sector. Based on the conductor, the busbar market has been segmented into aluminum and copper busbar. The copper busbar segment is estimated to dominate the market during the forecast period. The busbar market has also been segmented based on power rating into low power (below 125 A), medium power (125 to 800 A), and high power (above 800A). Demand from small buildings, factories, warehouses, subways, and other marine applications will drive the demand for low power busbar during the forecast period.

In this report, the busbar market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to dominate the global busbar market during the forecast period. Middle East & Africa is projected to grow at the fastest CAGR from 2016 to 2021, owing to increasing focus on energy efficiency and rise in energy consumption due to industrialization and urbanization in the region.

Busbar Market

Emerging grey/unorganized market providing low-quality and low priced products is expected to slow down the demand for busbar during the forecast period. However, busbar have huge opportunity in the development of smart cities and power sector reforms, which will lead to upgrades in transmission and distribution network. Some of the leading players in the busbar market include ABB Ltd. (Switzerland), Schneider Electric (France), Siemens AG (Germany), Eaton Corporation plc. (Ireland), Legrand S.A. (France), C&S Electric Company (India), Eaton Corporation plc. (Ireland), Mersen S.A. (France), Schneider Electric SE (France), CHINT Electric Co. Ltd. (China), and Rittal GMBH & CO. KG (Germany), among others. Contracts & agreement was the most commonly adopted strategy by the top players in the market, constituting 37% of the total developments from 2012 to 2016. It was followed by new product launch, mergers & acquisitions, and investment & expansion.

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