Press Releases

The global busbar market is expected to grow at a CAGR of 6.8% during the forecast period. The development of smart cities and other related initiatives will increase demand for busbars since they are easier to operate and do not require direct contact with wires. Busbar will be more in demand as a result of the business environment's rapid commercialization and urbanization which will also increase electricity demand in these industries. Busbars are made of highly conductive metal and have replaced conventional power distribution techniques because they provide a more efficient conductor and reduce energy loss during transmission. Moreover, the use of busbars in new or upcoming city or town development projects to replace cables and wired connectivity has a positive impact on market growth. Also, busbars are easy and can be installed at a faster pace with the rising demand for electricity in residential, commercial, and industrial sectors leading to the rapid development of infrastructure, thereby propelling the market growth. Nevertheless, increased demand for the renovation and installation of new transmission networks and increased deployment of smart grid technology will accelerate the market size of the global busbar industry.

In January 2023, Mersen, a global leader in electrical power and advanced materials, has been chosen by Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies/Saft, and Mercedes-Benz, to supply smart laminated busbars for its next-generation of sustainable and efficient batteries for the European EV market. These busbars are essential for connecting Li-ion cells and communicating with the Battery Management System. Mersen will produce the busbars in Auvergne-Rhône-Alpes and deliver them to their gigafactory in Billy-Berclau Douvrin.

Bowse 53 market data Tables and 35 Figures spread through 210 Pages and in-depth TOC on "Busbar Market by Conductor (Aluminum and Copper), by Power Rating (Low Power (Below 125 A), Medium Power (125 A- 800 A), and High Power (Above 800 A)), by End-User (Utilities, Residential, Commercial, and Industrial End-Users (Chemicals & Petroleum, Metals & Mining, Manufacturing, and Others)), and Region - Global Forecast to 2030

By conductor, the copper segment will witness significant market growth during the forecast period.

Based on Conductor, the Global Busbar Market is bifurcated into Aluminum and Copper. Because of its ability to transmit large currents with minimal losses and high resistivity, copper busbar is expected to grow rapidly in the market. In addition, advantages such as longer lifespan, higher conductivity, advanced security features and high threshold from damage will further boost the product demand in the market. Copper busbar can also be electrolytic tough pitch or oxygen free.

Global Busbar Market Segmentation and Key Players

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“Asia-Pacific is expected to witness largest market share during the forecast period in the global Busbar Market.”

Asia-Pacific dominates the global busbar industry owing to a surge in investments in developing economies, increased demand from automotive and power sectors, improvement in transmission and distribution systems, rising upgradation of the power distribution system, and replacing aging equipment to improve power supply, thereby bolstering market development of global busbar industry.

Some of the major players in the global Busbar industry include ABB, MERSEN PROPERTY, Schneider Electric, Siemens, Eaton, Legrand, Rittal GmbH & Co. KG, Southwire Company, LLC, Oriental Copper Co., Ltd., and CHINT Group.

Global Busbar Market Coverage

Conductor Insight and Forecast 2025-2030

• Aluminum
• Copper

Power Rating Insight and Forecast 2025-2030

• Low Power (Below 125 A)
• Medium Power (125 A- 800 A)
• High Power (Above 800 A)

End-User Insight and Forecast 2025-2030

• Utilities
• Residential
• Commercial
• Industrial End-Users
  • Chemicals & Petroleum
  • Metals & Mining
  • Manufacturing
  • Others

Geographical Segmentation

Busbar Market by Region

North America

• By Conductor
• By Power Rating
• By End-User
• By Country – U.S., Canada, and Mexico

Europe

• By Conductor
• By Power Rating
• By End-User
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Conductor
• By Power Rating
• By End-User
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Conductor
• By Power Rating
• By End-User
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries