Global Busbar Trunking System Market Report and Forecast 2023-2028
According to the report by Expert Market Research (EMR), the global busbar trunking system market is projected to grow at a CAGR of 6.8% between 2023 and 2028. Aided by the growing demand for efficient energy distribution systems and the several end uses of busbar trunking systems, the market is expected to grow significantly by 2028.
A busbar trunking system is an innovative power distribution solution which involves the distribution of electrical power using a dedicated set of busbars enclosed in a protective casing. It is an efficient and flexible alternative to traditional cabling and offers advantages like higher safety, better reliability, and space efficiency. Busbar trunking systems are commonly used in commercial buildings, industrial plants, power stations, and data centres.
The rising demand for efficient and reliable power distribution systems is driving the global busbar trunking system market growth. With the increasing energy consumption worldwide, there has been a substantial shift towards the adoption of effective and less space-consuming energy distribution solutions, leading to a surge in demand for busbar trunking systems.
Moreover, the growing need for reducing the energy losses in power distribution, combined with the trend of energy efficiency, has further amplified the busbar trunking system market demand. These systems not only improve energy efficiency but also reduce the installation time and cost compared to traditional cabling systems.
The expanding applications of busbar trunking systems in various sectors also significantly contribute to the busbar trunking system market development. In the industrial sector, these systems are used for safe and efficient distribution of power in manufacturing facilities. The commercial sector uses busbar trunking systems for power distribution in office buildings, shopping centres, and hospitals. The rapid growth of data centres has also created a robust demand for busbar trunking systems, given their high power density and flexibility.
Additionally, the rise in infrastructural development activities and urbanisation, particularly in emerging economies, has led to an increased demand for busbar trunking systems. These trends, combined with government initiatives to promote energy-efficient solutions, have significantly bolstered the busbar trunking system market expansion.
The market can be divided based on conductor material, insulation type, power rating, end use, and region.
Market Breakup by Conductor Material
Market Breakup by Insulation Type
- Air Insulation
- Sandwich Insulation
Market Breakup by Power Rating
Market Breakup by End Use
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global busbar trunking system companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Siemens AG
- Eaton Corporation PLC
- C&S Electric Limited
- EAE Elektrik
- Naxso S.r.l
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.