バスダクト市場 – 2029年までの世界予測

Bus Duct Market - Global Forecast To 2029

バスダクト市場 - 材質 (銅、アルミニウム)、電圧 (低、中、高)、タイプ (絶縁バスダクト、分離バスダクト、非分離バスダクト)、エンドユーザー (公益事業、産業、商業、データセンター、再生可能エネルギー) - 2029年までの世界予測
Bus Duct Market by Material (Copper, Aluminum), Voltage (Low, Medium, High), Type (Isolated Bus Ducts, Segregated Bus Ducts, Non-segregated Bud Ducts), End-user (Utilities, Industrial, Commercial, Data Centers, Renewables) - Global Forecast to 2029

商品番号 : SMB-71677

出版社MarketsandMarkets
出版年月2025年1月
ページ数272
図表数344
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global bus duct market is likely to expand dramatically during the forecast period and to grow from an estimated value of USD 12.91 billion in 2024 to USD 16.60 billion by 2029, with a compound annual growth rate of 5.2%.

世界のバスダクト市場は予測期間中に劇的に拡大し、2024年の推定額129億1,000万米ドルから2029年までに166億米ドルに成長し、年平均成長率は5.2%となる見込みです。

This expansion of the bus duct market has been highly influenced by efficient and flexible power distribution systems resulting from industrial growth, urbanization, and growing infrastructure. Bus ducts, which consist of the copper or aluminum bus duct enclosed in a protective casing, are very important in reducing loss in energy while ensuring reliable distribution of power. Governments and the industries are focusing on improving the electrical grids and opting for renewable sources of power, and thus bus ducts become an integral component in these developments. The focus on energy efficiency, sustainability, and green energy solutions integration is expected to spur the adoption of bus ducts across industrial, commercial, and residential applications worldwide.

このバスダクト市場の拡大は、産業の成長、都市化、インフラの成長による効率的で柔軟な配電システムの影響を大きく受けています。バスダクトは、銅またはアルミニウムのバスダクトを保護ケースで囲んで構成されており、電力の確実な分配を確保しながらエネルギー損失を削減する上で非常に重要です。政府と業界は送電網の改善と再生可能電源の選択に注力しているため、バスダクトはこれらの開発に不可欠なコンポーネントとなっています。エネルギー効率、持続可能性、グリーン エネルギーソリューションの統合に重点を置くことで、世界中の産業、商業、住宅用途にわたるバスダクトの採用が促進されると予想されます。

バスダクト市場 - 2029年までの世界予測
bus-duct-market

“Data Centers, by end-user, is expected to be the fastest-growing segment from 2024 to 2029.”

The data center segment is likely to be the fastest-growing end-user in the bus duct market from 2024 to 2029, due to the rapid growth of cloud computing, big data analytics, artificial intelligence, and the increasing need for energy-efficient power distribution in these facilities. As the workload of data centers increases, the demand for reliable, scalable, and efficient power systems has risen. Bus ducts provide a compact, flexible, and low-maintenance power distribution solution for data center needs in modern times. In addition, the increased trend of building sustainable infrastructure across the world has further escalated the integration of energy-efficient technologies within data centers; bus ducts are essential for data centers to achieve the expected levels of energy savings and operational reliability.

“Non-segregated bus ducts, by type, is expected to be the fastest-growing market from 2024 to 2029”

Non-separated bus ducts will experience the most rapid growth in the bus duct market from 2024 to 2029, as they are cheaper and offer a simple design along with higher applicability across diverse sectors. Unlike separated bus ducts, they house all phase conductors inside a single enclosure and hence provide an economical and space-saving option for low-to-medium voltage applications. There has been a growing adoption of this system because of its easier installation and lower maintenance, especially in industrial facilities, commercial buildings, and utility infrastructures. Increased demand for economical yet reliable power distribution in rapidly urbanizing and industrializing areas further propels the expansion of non-segregated bus ducts.

バスダクト市場 - 2029年までの世界予測 region
bus-duct-market-region

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the bus duct market.

  • By Company Type: Tier 1- 30%, Tier 2- 55%, and Tier 3- 15%
  • By Designation: C-level Executives – 30%, Director Level- 20%, and Others- 50%
  • By Region: North America – 20%, Europe – 10%, Asia Pacific – 55%, South America – 5%, Middle East & Africa – 10%

Note: Other designations include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2023. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

The global bus duct market is dominated by key players that hold a wide regional presence and offer a diverse range of products. Leading companies in the bus duct market include ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Siemens (Germany), and Legrand (France), among others. These players focus on strategies such as product innovations, mergers and acquisitions, partnerships, and expansions to strengthen their market position. New product launches, coupled with strategic investments in smart grids and energy-efficient technologies, are key approaches adopted by these companies to maintain competitive advantages in the evolving market landscape.

バスダクト市場 - 2029年までの世界予測 ecosystem
bus-duct-market-ecosystem

Research Coverage:

The report defines, describes, and forecasts the bus duct market by material, voltage, type, end-user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product launches, mergers and acquisitions, and recent developments associated with the bus duct market. Competitive analysis of upcoming startups in the bus duct market ecosystem is covered in this report.

Reasons to buy this report:

Reasons to buy this report The report will help the market leaders/new entrants bus duct market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Renewable Energy Integration with Efficient Power Distribution, Increasing urbanization and infrastructure development, Growing Adoption of Electric Vehicles), restraints (Limited Retrofitting Feasibility, Competition from Cable Systems), opportunities (Surge in Data Center Constructions, Adoption of Smart Grids and Energy-Efficient Systems), and challenges (Volatility in Raw Material Prices, Regulatory Barriers) influencing the growth.
  • Product Development/ Innovation: High innovation and product development is going on in the bus duct market. This is largely because of the increasing demand for energy-efficient power distribution solutions. The companies in this sector are making investments in new technologies that would help improve the performance of bus ducts, such as improved conductivity, less power losses, and greater reliability. Notable developments include laminated bus ducts, which have better insulation and heat dissipation properties, making them suitable for high-power applications. Key players like ABB, Schneider Electric, and Siemens are also actively involved in product innovations and the integration of smart grid technologies to cater to the changing energy needs of industries and infrastructure.
  • Market Development: The growth rate in the bus duct market is currently high due to an increase in the demand for efficient power supply systems across industries, commercial buildings, and residential locations. The development factors include rapid infrastructural growth for industrial uses, urbanization, and coupled uses of sources of renewable energy. Laminated bus ducts with efficient insulation and efficiency trends in technological advancements also add on to the market benefits. Government initiatives into energy efficiency and establishing smart grids also propel the global expansion of the bus duct market. Major players are focusing on innovations and broadening their footprints to meet growing demand across geographies.
  • Market Diversification: Diversification of the bus duct market is widespread across various industries with applications in power utilities, industrial manufacturing, renewable energy, transportation, and residential and commercial sectors. Companies have been trying to diversify their product portfolios as the demand for efficient power distribution systems is increasing with the advent of emerging technologies like electric vehicles, renewable energy projects, and smart grids. Besides, regional diversification, especially in the Asia-Pacific, is aiding manufacturers in reaching out to large, increasingly urbanizing, and industrializing markets where infrastructures are improving. Diversification to such regions would raise both the growth prospects for developed markets as well as emerging markets.
  • Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the stations market, including ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Siemens (Germany), and Legrand (France) among others.

Table of Contents

1               INTRODUCTION              24

1.1           STUDY OBJECTIVES       24

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   25

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      25

1.3.2        INCLUSIONS AND EXCLUSIONS 26

1.3.2.1    Bus duct market: Inclusions and exclusions, by voltage 26

1.3.2.2    Bus duct market: Inclusions and exclusions, by material                 26

1.3.2.3    Bus duct market: Inclusions and exclusions, by type      26

1.3.2.4    Bus duct market: Inclusions and exclusions, by end user                 26

1.3.2.5    Bus duct market: Inclusions and exclusions, by region  27

1.3.3        YEARS CONSIDERED      27

1.4           CURRENCY CONSIDERED            27

1.5           UNITS CONSIDERED      27

1.6           LIMITATIONS    28

1.7           STAKEHOLDERS               28

2               RESEARCH METHODOLOGY       29

2.1           RESEARCH DATA              29

2.1.1        SECONDARY DATA          30

2.1.1.1    List of key secondary sources              30

2.1.1.2    Key data from secondary sources       30

2.1.2        PRIMARY DATA 31

2.1.2.1    List of primary interview participants               31

2.1.2.2    Key industry insights           31

2.1.2.3    Key data from primary sources           32

2.1.2.4    Breakdown of primaries      32

2.2           MARKET SIZE ESTIMATION METHODOLOGY     34

2.2.1        BOTTOM-UP APPROACH              34

2.2.1.1    Regional analysis  35

2.2.1.2    Country-level analysis          36

2.2.1.3    Demand-side assumptions 36

2.2.1.4    Demand-side calculations   36

2.2.2        TOP-DOWN APPROACH                37

2.2.2.1    Supply-side assumptions     39

2.2.2.2    Supply-side calculations      39

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 40

2.4           FORECAST          41

2.5           RESEARCH ASSUMPTIONS           41

2.6           RISK ANALYSIS  41

2.7           RESEARCH LIMITATIONS             41

3               EXECUTIVE SUMMARY  42

4               PREMIUM INSIGHTS       48

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BUS DUCT MARKET 48

4.2           BUS DUCT MARKET IN ASIA PACIFIC, BY MATERIAL AND COUNTRY            49

4.3           BUS DUCT MARKET, BY MATERIAL          49

4.4           BUS DUCT MARKET, BY TYPE    50

4.5           BUS DUCT MARKET, BY VOLTAGE           50

4.6           BUS DUCT MARKET, BY END USER           51

4.7           BUS DUCT MARKET, BY REGION               51

5               MARKET OVERVIEW       52

5.1           INTRODUCTION              52

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               53

5.2.1.1    Growing integration of renewable energy into power grids                 53

5.2.1.2    Increasing urbanization and infrastructure development                 55

5.2.1.3    Growing adoption of electric vehicles               55

5.2.2        RESTRAINTS      56

5.2.2.1    Limited retrofitting feasibility            56

5.2.2.2    Dominance of well-established cable systems 56

5.2.3        OPPORTUNITIES              57

5.2.3.1    Surge in construction of data centers                57

5.2.3.2    Adoption of smart grids and energy-efficient systems   57

5.2.4        CHALLENGES    58

5.2.4.1    Volatility in raw material prices          58

5.2.4.2    Compliance with stringent regulations              60

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.4           ECOSYSTEM ANALYSIS  62

5.5           SUPPLY CHAIN ANALYSIS             64

5.6           TECHNOLOGY ANALYSIS             65

5.6.1        KEY TECHNOLOGIES     65

5.6.1.1    Smart bus duct      65

5.6.1.2    Nano insulation material technology 66

5.6.2        COMPLEMENTARY TECHNOLOGIES       66

5.6.2.1    Selective laser melting (SLM)            66

5.6.2.2    Distributed temperature sensing       67

5.7           PRICING ANALYSIS          68

5.7.1        INDICATIVE PRICING TREND, BY MATERIAL       68

5.7.2        AVERAGE SELLING PRICE TREND, BY REGION   68

5.8           KEY CONFERENCES AND EVENTS, 2024–2025        69

5.9           TARIFF AND REGULATORY LANDSCAPE               70

5.9.1        TARIFF ANALYSIS             70

5.9.2        REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  71

5.9.3        STANDARDS      73

5.10         TRADE ANALYSIS             73

5.10.1      IMPORT SCENARIO (HS CODE 853690)    73

5.10.2      EXPORT SCENARIO (HS CODE 853690)    75

5.11         PATENT ANALYSIS          76

5.12         INVESTMENT AND FUNDING SCENARIO               81

5.13         PORTER’S FIVE FORCES ANALYSIS            82

5.13.1      THREAT OF SUBSTITUTES          83

5.13.2      BARGAINING POWER OF SUPPLIERS       83

5.13.3      BARGAINING POWER OF BUYERS             83

5.13.4      THREAT OF NEW ENTRANTS      84

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 84

5.14         KEY STAKEHOLDERS AND BUYING CRITERIA     84

5.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           84

5.15         BUYING CRITERIA           85

5.16         CASE STUDY ANALYSIS 86

5.16.1      AP SENSING ADOPTED BUS DUCT MONITORING IN

COLOCATION DATA CENTER    86

5.16.1.1  Problem statement                86

5.16.1.2  Solution 86

5.16.2      AP SENSING DEPLOYED DTS TECHNOLOGY TO MONITOR BUS DUCT TEMPERATURE IN HYPERSCALE FACILITY                 87

5.16.2.1  Problem statement                87

5.16.2.2  Solution 87

5.16.3      TECHNIBUS ADOPTS CUSTOMIZED, NON-SEGREGATED BUS DUCT SYSTEM TO ENSURE RELIABLE POWER DISTRIBUTION IN INDUSTRIAL FACILITY             87

5.16.3.1  Problem statement                87

5.16.3.2  Solution 87

5.17         IMPACT OF GEN AI/AI IN BUS DUCT MARKET    88

5.17.1      ADOPTION OF GEN AI/AI IN BUS DUCT MARKET                 88

5.17.2      IMPACT OF GEN AI/AI IN BUS DUCT MARKET, BY REGION                89

5.18         MACROECONOMIC OUTLOOK FOR BUS DUCT MARKET                 89

6               BUS DUCT MARKET, BY VOLTAGE           91

6.1           INTRODUCTION              92

6.2           LOW (UP TO 1 KV)           93

6.2.1        NEED FOR MODULAR AND EXPANDABLE ELECTRICAL LAYOUTS TO

DRIVE SEGMENTAL GROWTH    93

6.3           MEDIUM (1−35 KV)        94

6.3.1        DEMAND FOR MEDIUM VOLTAGE BUS DUCTS IN SUBSTATIONS FOR EFFICIENT GRID CONNECTIVITY TO DRIVE MARKET               94

6.4           HIGH (ABOVE 35 KV)      95

6.4.1        MARKET FOR HIGH-VOLTAGE BUS DUCTS DRIVEN BY DEMAND IN

ENERGY TRANSMISSION NETWORKS      95

7               BUS DUCT MARKET, BY MATERIAL          97

7.1           INTRODUCTION              98

7.2           COPPER                99

7.2.1        HIGH DEMAND FOR COPPER MATERIAL DUE TO ENHANCED ENERGY EFFICIENCY THROUGH SUPERIOR ELECTRICAL CONDUCTIVITY    99

7.3           ALUMINUM        100

7.3.1        OFFERS LIGHTWEIGHT AND COST-EFFECTIVE DESIGN SOLUTIONS FOR MODERN INFRASTRUCTURE   100

8               BUS DUCT MARKET, BY TYPE    102

8.1           INTRODUCTION              103

8.2           ISOLATED BUS DUCTS  104

8.2.1        DEMAND IN POWER GENERATION FACILITIES TO DRIVE MARKET GROWTH            104

8.3           SEGREGATED BUS DUCTS           105

8.3.1        WIDE ADOPTION IN MEDIUM-VOLTAGE SYSTEMS TO DRIVE DEMAND               105

8.4           NON-SEGREGATED BUS DUCTS                106

8.4.1        OFFERS COST-EFFECTIVE SOLUTIONS FOR COMMERCIAL COMPLEXES, INDUSTRIAL BUILDINGS, AND SUBSTATIONS  106

9               BUS DUCT MARKET, BY END USER           108

9.1           INTRODUCTION              109

9.2           UTILITIES            110

9.2.1        INTEGRATION OF SMART TECHNOLOGY INTO UTILITY BUS DUCT SYSTEMS TO SUPPORT MARKET GROWTH   110

9.3           INDUSTRIAL      111

9.3.1        SHIFT TOWARD ENERGY-EFFICIENT AND SUSTAINABLE OPERATIONS

TO FUEL DEMAND          111

9.4           COMMERCIAL   113

9.4.1        ADAPTABILITY AND ENHANCED ELECTRICAL SAFETY IN COMMERCIAL SPACES TO DRIVE MARKET     113

9.5           RENEWABLES    114

9.5.1        GREEN INITIATIVES BY GOVERNMENTS TO SUPPORT MARKET GROWTH          114

9.6           DATA CENTERS                 115

9.6.1        NEED FOR SEAMLESS POWER DELIVERY AND SAFETY TO DRIVE DEMAND        115

9.7           OTHER END USERS         116

10            BUS DUCT MARKET, BY REGION               118

10.1         INTRODUCTION              119

10.2         NORTH AMERICA             121

10.2.1      US           127

10.2.1.1  Government initiatives to modernize grid and integrate renewable energy to drive market      127

10.2.2      CANADA               128

10.2.2.1  Urbanization and rising electricity demands to support market growth    128

10.2.3      MEXICO                130

10.2.3.1  Strong industrial growth to drive bus duct adoption       130

10.3         ASIA PACIFIC     131

10.3.1      CHINA  139

10.3.1.1  Strong focus on modernizing power infrastructure to

support market growth        139

10.3.2      INDIA    140

10.3.2.1  Development of smart cities and push for renewable

energy to drive market         140

10.3.3      JAPAN   142

10.3.3.1  Focus on energy efficiency in urban development projects to

support market growth        142

10.3.4      SOUTH KOREA  143

10.3.4.1  Growth of renewable energy sector and expansion of EV infrastructure to drive market             143

10.3.5      REST OF ASIA PACIFIC   144

10.4         EUROPE               146

10.4.1      GERMANY           154

10.4.1.1  Increasing deployment of clean transportation solutions to

contribute to market growth               154

10.4.2      UK          156

10.4.2.1  Strong industrial sector and expansion of renewable energy

to drive market      156

10.4.3      ITALY    157

10.4.3.1  Transforming urban infrastructure to support market growth                 157

10.4.4      FRANCE                158

10.4.4.1  Expansion of electric vehicles industry fueling demand for bus ducts       158

10.4.5      REST OF EUROPE             159

10.5         SOUTH AMERICA             161

10.5.1      BRAZIL 167

10.5.1.1  Significant investments in energy infrastructure to fuel market growth    167

10.5.2      ARGENTINA       168

10.5.2.1  Strong focus on increasing integration of wind and solar

energy to drive market         168

10.5.3      REST OF SOUTH AMERICA           170

10.6         MIDDLE EAST & AFRICA                171

10.6.1      GCC COUNTRIES              178

10.6.1.1  Saudi Arabia          179

10.6.1.1.1                Economic diversification and adoption of smart grid technologies supporting market growth            179

10.6.1.2  UAE        180

10.6.1.2.1                Modernization of energy grid infrastructure to

support demand    180

10.6.1.3  Rest of GCC countries         181

10.6.2      SOUTH AFRICA 182

10.6.2.1  Government initiatives on development of renewable energy

sector to drive market          182

10.6.3      REST OF MIDDLE EAST & AFRICA             183

11            COMPETITIVE LANDSCAPE         185

11.1         INTRODUCTION              185

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024                 185

11.3         MARKET SHARE ANALYSIS, 2023                 187

11.4         REVENUE ANALYSIS, 2019–2023  190

11.5         COMPANY VALUATION AND FINANCIAL METRICS, 2024                 191

11.6         PRODUCT COMPARISON              192

11.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 193

11.7.1      STARS   193

11.7.2      EMERGING LEADERS     193

11.7.3      PERVASIVE PLAYERS      193

11.7.4      PARTICIPANTS 193

11.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         195

11.7.5.1  Company footprint               195

11.7.5.2  Region footprint   196

11.7.5.3  Material footprint 197

11.7.5.4  Voltage footprint  198

11.7.5.5  Type footprint       199

11.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        200

11.8.1      PROGRESSIVE COMPANIES         200

11.8.2      RESPONSIVE COMPANIES            200

11.8.3      DYNAMIC COMPANIES  200

11.8.4      STARTING BLOCKS         200

11.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 202

11.8.5.1  Detailed list of key startups/SMEs    202

11.8.5.2  Competitive benchmarking of key startups/SMEs          203

11.9         COMPETITIVE SCENARIO             203

11.9.1      PRODUCT LAUNCHES   204

11.9.2      DEALS  205

11.9.3      EXPANSIONS     207

11.9.4      OTHER DEVEL0PMENTS               209

12            COMPANY PROFILES      210

12.1         KEY PLAYERS     210

12.1.1      ABB        210

12.1.1.1  Business overview 210

12.1.1.2  Products/Solutions/Services offered 211

12.1.1.3  Recent developments           212

12.1.1.3.1                Deals      212

12.1.1.3.2                Expansions             213

12.1.1.3.3                Other developments             213

12.1.1.4  MnM view              214

12.1.1.4.1                Key strengths        214

12.1.1.4.2                Strategic choices   214

12.1.1.4.3                Weaknesses and competitive threats 214

12.1.2      SCHNEIDER ELECTRIC  215

12.1.2.1  Business overview 215

12.1.2.2  Products/Solutions/Services offered 216

12.1.2.3  Recent developments           217

12.1.2.3.1                Expansions             217

12.1.2.4  MnM view              218

12.1.2.4.1                Key strengths        218

12.1.2.4.2                Strategic choices   218

12.1.2.4.3                Weaknesses and competitive threats 218

12.1.3      SIEMENS              219

12.1.3.1  Business overview 219

12.1.3.2  Products/Solutions/Services offered 220

12.1.3.3  Recent developments           221

12.1.3.3.1                Deals      221

12.1.3.4  MnM view              222

12.1.3.4.1                Key strengths        222

12.1.3.4.2                Strategic choices   222

12.1.3.4.3                Weaknesses and competitive threats 222

12.1.4      EATON 223

12.1.4.1  Business overview 223

12.1.4.2  Products/Solutions/Services offered 224

12.1.4.3  Recent developments           225

12.1.4.3.1                Deals      225

12.1.4.3.2                Expansions             226

12.1.4.4  MnM view              226

12.1.4.4.1                Key strengths        226

12.1.4.4.2                Strategic choices   226

12.1.4.4.3                Weaknesses and competitive threats 226

12.1.5      LEGRAND            227

12.1.5.1  Business overview 227

12.1.5.2  Products/Solutions/Services offered 229

12.1.5.3  Recent developments           229

12.1.5.3.1                Deals      229

12.1.5.4  MnM view              230

12.1.5.4.1                Key strengths        230

12.1.5.4.2                Strategic choices   230

12.1.5.4.3                Weaknesses and competitive threats 230

12.1.6      GENERAL ELECTRIC COMPANY 231

12.1.6.1  Business overview 231

12.1.6.2  Products/Solutions/Services offered 232

12.1.6.3  Recent developments           233

12.1.6.3.1                Deals      233

12.1.6.3.2                Expansions             233

12.1.7      VERTIV GROUP CORP.   234

12.1.7.1  Business overview 234

12.1.7.2  Products/Solutions/Services offered 235

12.1.7.3  Recent developments           236

12.1.7.3.1                Expansions             236

12.1.8      LS CABLE & SYSTEM LTD.             237

12.1.8.1  Business overview 237

12.1.8.2  Products/Solutions/Services offered 237

12.1.8.3  Recent developments           238

12.1.8.3.1                Expansions             238

12.1.9      DBTS INDUSTRIES SDN BHD      239

12.1.9.1  Business overview 239

12.1.9.2  Products/Solutions/Services offered 240

12.1.10   POWELL INDUSTRIES    241

12.1.10.1                 Business overview 241

12.1.10.2                 Products/Solutions/Services offered 242

12.1.11   ACCU-PANELS ENERGY PVT LTD.             243

12.1.11.1                 Business overview 243

12.1.11.2                 Products/Solutions/Services offered 243

12.1.12   NISSIN ELECTRIC CO., LTD.         244

12.1.12.1                 Business overview 244

12.1.12.2                 Products/Solutions/Services offered 245

12.1.13   HUAPENG GROUP CO., LTD.       246

12.1.13.1                 Business overview 246

12.1.13.2                 Products/Solutions/Services offered 246

12.1.14   AVAIL INFRASTRUCTURE SOLUTIONS   247

12.1.14.1                 Business overview 247

12.1.14.2                 Products/Solutions/Services offered 248

12.1.15   NOVOLECS         249

12.1.15.1                 Business overview 249

12.1.15.2                 Products/Solutions/Services offered 249

12.1.16   TAIAN-ECOBAR TECHNOLOGY 250

12.1.16.1                 Business overview 250

12.1.16.2                 Products/Solutions/Services offered 251

12.1.17   SMA POWER CONTROL PVT. LTD.            252

12.1.17.1                 Business overview 252

12.1.17.2                 Products/Solutions/Services offered 252

12.1.18   BRILLTECH         253

12.1.18.1                 Business overview 253

12.1.18.2                 Products/Solutions/Services offered 254

12.1.19   S G ENGINEERS 256

12.1.19.1                 Business overview 256

12.1.19.2                 Products/Solutions/Services offered 256

12.1.20   SUDHIR POWER LTD.     257

12.1.20.1                 Business overview 257

12.1.20.2                 Products/Solutions/Services offered 257

12.2         OTHER PLAYERS              258

12.2.1      BALAJI ENGINEERS         258

12.2.2      VIDHYUT CONTROL       259

12.2.3      MYERS POWER PRODUCTS, INC.               260

12.2.4      ALFA STANDARD S.P.A  261

12.2.5      ENGINEERING CONSTRUCTION CORPORATION                 262

13            APPENDIX           263

13.1         INSIGHTS FROM INDUSTRY EXPERTS     263

13.2         DISCUSSION GUIDE        264

13.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                268

13.4         CUSTOMIZATION OPTIONS        270

13.5         RELATED REPORTS         270

13.6         AUTHOR DETAILS           271

LIST OF TABLES

TABLE 1                BUS DUCT MARKET SIZE ESTIMATION METHODOLOGY (DEMAND SIDE)           35

TABLE 2                BUS DUCT MARKET: RISK ANALYSIS       41

TABLE 3                BUS DUCT MARKET SNAPSHOT                43

TABLE 4                GRADE A COPPER CATHODE VS ALUMINUM PRICE RATE (USD PER METRIC TON)      59

TABLE 5                BUS DUCT MARKET: ROLE OF COMPANIES IN ECOSYSTEM       63

TABLE 6                INDICATIVE PRICING TREND OF BUS DUCTS, BY MATERIAL, 2023 (USD/UNIT)      68

TABLE 7                AVERAGE SELLING PRICE TREND OF BUS DUCTS, BY REGION,

2021–2024 (USD/UNIT)   68

TABLE 8                LIST OF KEY CONFERENCES AND EVENTS, 2024–2025        69

TABLE 9                MFN TARIFF FOR HS 853690 CODE-COMPLIANT PRODUCTS, BY COUNTRY, 2023 70

TABLE 10              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  71

TABLE 11              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  71

TABLE 12              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  72

TABLE 13              MIDDLE EAST & AFRICA AND SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             72

TABLE 14              GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  72

TABLE 15              STANDARDS      73

TABLE 16              IMPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)      74

TABLE 17              EXPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)      76

TABLE 18              LIST OF MAJOR PATENTS, 2021–2024        78

TABLE 19              BUS DUCT MARKET: IMPACT OF PORTER’S FIVE FORCES                83

TABLE 20              INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE END USERS                85

TABLE 21              KEY BUYING CRITERIA FOR TOP THREE END USERS   85

TABLE 22              BUS DUCT MARKET, BY VOLTAGE, 2021–2023 (USD MILLION) 92

TABLE 23              BUS DUCT MARKET, BY VOLTAGE, 2024–2029 (USD MILLION) 92

TABLE 24              LOW (UP TO 1 KV): BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)          93

TABLE 25              LOW (UP TO 1 KV): BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)          94

TABLE 26              MEDIUM (1−35 KV): BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)          95

TABLE 27              MEDIUM (1−35 KV): BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)          95

TABLE 28              HIGH (ABOVE 35 KV): BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)          96

TABLE 29              HIGH (ABOVE 35 KV): BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)          96

TABLE 30              BUS DUCT MARKET, BY MATERIAL, 2021–2023 (USD MILLION) 98

TABLE 31              BUS DUCT MARKET, BY MATERIAL, 2024–2029 (USD MILLION) 98

TABLE 32              COPPER: BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)       99

TABLE 33              COPPER: BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)       100

TABLE 34              ALUMINUM: BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)            100

TABLE 35              ALUMINUM: BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)            101

TABLE 36              BUS DUCT MARKET, BY TYPE, 2021–2023 (USD MILLION)            103

TABLE 37              BUS DUCT MARKET, BY TYPE, 2024–2029 (USD MILLION)            103

TABLE 38              ISOLATED BUS DUCTS: BUS DUCT MARKET, BY REGION,

2021–2023 (USD MILLION)            104

TABLE 39              ISOLATED BUS DUCTS: BUS DUCT MARKET, BY REGION,

2024–2029 (USD MILLION)            105

TABLE 40              SEGREGATED BUS DUCTS: BUS DUCT MARKET, BY REGION,

2021–2023 (USD MILLION)            105

TABLE 41              SEGREGATED BUS DUCTS: BUS DUCT MARKET, BY REGION,

2024–2029 (USD MILLION)            106

TABLE 42              NON-SEGREGATED BUS DUCTS: BUS DUCT MARKET, BY REGION,

2021–2023 (USD MILLION)            107

TABLE 43              NON-SEGREGATED BUS DUCTS: BUS DUCT MARKET, BY REGION,

2024–2029 (USD MILLION)            107

TABLE 44              BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION) 109

TABLE 45              BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION) 110

TABLE 46              UTILITIES: BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)            111

TABLE 47              UTILITIES: BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)            111

TABLE 48              INDUSTRIAL: BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)            112

TABLE 49              INDUSTRIAL: BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)            112

TABLE 50              COMMERCIAL: BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)            113

TABLE 51              COMMERCIAL: BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)            113

TABLE 52              RENEWABLES: BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)            114

TABLE 53              RENEWABLES: BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)            115

TABLE 54              DATA CENTERS: BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)          116

TABLE 55              DATA CENTERS: BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)          116

TABLE 56              OTHER END USERS: BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)          117

TABLE 57              OTHER END USERS: BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)          117

TABLE 58              BUS DUCT MARKET, BY REGION, 2021–2023 (USD MILLION)            120

TABLE 59              BUS DUCT MARKET, BY REGION, 2024–2029 (USD MILLION)            120

TABLE 60              BUS DUCT MARKET, BY REGION, 2021–2023 (THOUSAND UNITS)      120

TABLE 61              BUS DUCT MARKET, BY REGION, 2024–2029 (THOUSAND UNITS)      121

TABLE 62              NORTH AMERICA: BUS DUCT MARKET, BY VOLTAGE, 2021–2023 (USD MILLION)      122

TABLE 63              NORTH AMERICA: BUS DUCT MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)      122

TABLE 64              NORTH AMERICA: BUS DUCT MARKET, BY MATERIAL, 2021–2023 (USD MILLION)    122

TABLE 65              NORTH AMERICA: BUS DUCT MARKET, BY MATERIAL, 2024–2029 (USD MILLION)    122

TABLE 66             NORTH AMERICA: BUS DUCT MARKET, BY TYPE, 2021–2023 (USD MILLION)            123

TABLE 67             NORTH AMERICA: BUS DUCT MARKET, BY TYPE, 2024–2029 (USD MILLION)            123

TABLE 68              NORTH AMERICA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)                123

TABLE 69              NORTH AMERICA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)                123

TABLE 70              NORTH AMERICA: BUS DUCT MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     124

TABLE 71              NORTH AMERICA: BUS DUCT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     124

TABLE 72              NORTH AMERICA: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2021–2023 (USD MILLION)            124

TABLE 73              NORTH AMERICA: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2024–2029 (USD MILLION)            124

TABLE 74              NORTH AMERICA: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2021–2023 (USD MILLION)            125

TABLE 75              NORTH AMERICA: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2024–2029 (USD MILLION)            125

TABLE 76              NORTH AMERICA: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY,

2021–2023 (USD MILLION)            125

TABLE 77              NORTH AMERICA: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY,

2024–2029 (USD MILLION)            125

TABLE 78              NORTH AMERICA: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY,

2021–2023 (USD MILLION)            126

TABLE 79              NORTH AMERICA: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY,

2024–2029 (USD MILLION)            126

TABLE 80              NORTH AMERICA: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY,

2021–2023 (USD MILLION)            126

TABLE 81              NORTH AMERICA: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY,

2024–2029 (USD MILLION)            126

TABLE 82              NORTH AMERICA: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY,

2021–2023 (USD MILLION)            127

TABLE 83              NORTH AMERICA: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY,

2024–2029 (USD MILLION)            127

TABLE 84              US: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)       128

TABLE 85              US: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)       128

TABLE 86              CANADA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)            129

TABLE 87              CANADA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)            129

TABLE 88              MEXICO: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)            130

TABLE 89              MEXICO: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)            131

TABLE 90             ASIA PACIFIC: BUS DUCT MARKET, BY VOLTAGE, 2021–2023 (USD MILLION)            132

TABLE 91             ASIA PACIFIC: BUS DUCT MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)            133

TABLE 92              ASIA PACIFIC: BUS DUCT MARKET, BY MATERIAL, 2021–2023 (USD MILLION)    133

TABLE 93              ASIA PACIFIC: BUS DUCT MARKET, BY MATERIAL, 2024–2029 (USD MILLION)    133

TABLE 94              ASIA PACIFIC: BUS DUCT MARKET, BY TYPE, 2021–2023 (USD MILLION)            133

TABLE 95              ASIA PACIFIC: BUS DUCT MARKET, BY TYPE, 2024–2029 (USD MILLION)            134

TABLE 96              ASIA PACIFIC: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)                134

TABLE 97              ASIA PACIFIC: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)                134

TABLE 98              ASIA PACIFIC: BUS DUCT MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     135

TABLE 99              ASIA PACIFIC: BUS DUCT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     135

TABLE 100            ASIA PACIFIC: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2021–2023 (USD MILLION)            135

TABLE 101            ASIA PACIFIC: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2024–2029 (USD MILLION)            136

TABLE 102            ASIA PACIFIC: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2021–2023 (USD MILLION)            136

TABLE 103            ASIA PACIFIC: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2024–2029 (USD MILLION)            136

TABLE 104            ASIA PACIFIC: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY,

2021–2023 (USD MILLION)            137

TABLE 105            ASIA PACIFIC: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY,

2024–2029 (USD MILLION)            137

TABLE 106            ASIA PACIFIC: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY,

2021–2023 (USD MILLION)            137

TABLE 107            ASIA PACIFIC: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY,

2024–2029 (USD MILLION)            138

TABLE 108            ASIA PACIFIC: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY,

2021–2023 (USD MILLION)            138

TABLE 109            ASIA PACIFIC: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY,

2024–2029 (USD MILLION)            138

TABLE 110            ASIA PACIFIC: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY,

2021–2023 (USD MILLION)            139

TABLE 111            ASIA PACIFIC: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY,

2024–2029 (USD MILLION)            139

TABLE 112            CHINA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)       140

TABLE 113            CHINA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)       140

TABLE 114            INDIA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)       141

TABLE 115            INDIA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)       141

TABLE 116            JAPAN: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)       142

TABLE 117            JAPAN: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)       143

TABLE 118            SOUTH KOREA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)                144

TABLE 119            SOUTH KOREA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)                144

TABLE 120            REST OF ASIA PACIFIC: BUS DUCT MARKET, BY END USER,

2021–2023 (USD MILLION)            145

TABLE 121            REST OF ASIA PACIFIC: BUS DUCT MARKET, BY END USER,

2024–2029 (USD MILLION)            145

TABLE 122            EUROPE: BUS DUCT MARKET, BY VOLTAGE, 2021–2023 (USD MILLION)            147

TABLE 123            EUROPE: BUS DUCT MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)            148

TABLE 124            EUROPE: BUS DUCT MARKET, BY MATERIAL, 2021–2023 (USD MILLION)            148

TABLE 125            EUROPE: BUS DUCT MARKET, BY MATERIAL, 2024–2029 (USD MILLION)            148

TABLE 126            EUROPE: BUS DUCT MARKET, BY TYPE, 2021–2023 (USD MILLION)       148

TABLE 127            EUROPE: BUS DUCT MARKET, BY TYPE, 2024–2029 (USD MILLION)       149

TABLE 128            EUROPE: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)            149

TABLE 129            EUROPE: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)            149

TABLE 130            EUROPE: BUS DUCT MARKET, BY COUNTRY, 2021–2023 (USD MILLION)            150

TABLE 131            EUROPE: BUS DUCT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            150

TABLE 132            EUROPE: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2021–2023 (USD MILLION)            150

TABLE 133            EUROPE: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2024–2029 (USD MILLION)            151

TABLE 134            EUROPE: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2021–2023 (USD MILLION)            151

TABLE 135            EUROPE: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2024–2029 (USD MILLION)            151

TABLE 136            EUROPE: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY,

2021–2023 (USD MILLION)            152

TABLE 137            EUROPE: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY,

2024–2029 (USD MILLION)            152

TABLE 138            EUROPE: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY,

2021–2023 (USD MILLION)            152

TABLE 139            EUROPE: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY,

2024–2029 (USD MILLION)            153

TABLE 140          EUROPE: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY,

2021–2023 (USD MILLION)            153

TABLE 141          EUROPE: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY,

2024–2029 (USD MILLION)            153

TABLE 142            EUROPE: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY,

2021–2023 (USD MILLION)            154

TABLE 143            EUROPE: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY,

2024–2029 (USD MILLION)            154

TABLE 144            GERMANY: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)            155

TABLE 145            GERMANY: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)            155

TABLE 146            UK: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)       156

TABLE 147            UK: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)       157

TABLE 148            ITALY: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)       158

TABLE 149            ITALY: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)       158

TABLE 150            FRANCE: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)            159

TABLE 151            FRANCE: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)            159

TABLE 152            REST OF EUROPE: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)                160

TABLE 153            REST OF EUROPE: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)                160

TABLE 154            SOUTH AMERICA: BUS DUCT MARKET, BY VOLTAGE, 2021–2023 (USD MILLION)      161

TABLE 155            SOUTH AMERICA: BUS DUCT MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)      162

TABLE 156            SOUTH AMERICA: BUS DUCT MARKET, BY MATERIAL, 2021–2023 (USD MILLION)    162

TABLE 157            SOUTH AMERICA: BUS DUCT MARKET, BY MATERIAL, 2024–2029 (USD MILLION)    162

TABLE 158            SOUTH AMERICA: BUS DUCT MARKET, BY TYPE, 2021–2023 (USD MILLION)            162

TABLE 159            SOUTH AMERICA: BUS DUCT MARKET, BY TYPE, 2024–2029 (USD MILLION)            163

TABLE 160            SOUTH AMERICA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)                163

TABLE 161            SOUTH AMERICA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)                163

TABLE 162            SOUTH AMERICA: BUS DUCT MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     164

TABLE 163            SOUTH AMERICA: BUS DUCT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     164

TABLE 164            SOUTH AMERICA: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2021–2023 (USD MILLION)            164

TABLE 165            SOUTH AMERICA: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2024–2029 (USD MILLION)            164

TABLE 166            SOUTH AMERICA: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2021–2023 (USD MILLION)            165

TABLE 167            SOUTH AMERICA: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2024–2029 (USD MILLION)            165

TABLE 168            SOUTH AMERICA: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY,

2021–2023 (USD MILLION)            165

TABLE 169            SOUTH AMERICA: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY,

2024–2029 (USD MILLION)            165

TABLE 170            SOUTH AMERICA: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY,

2021–2023 (USD MILLION)            166

TABLE 171            SOUTH AMERICA: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY,

2024–2029 (USD MILLION)            166

TABLE 172            SOUTH AMERICA: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY,

2021–2023 (USD MILLION)            166

TABLE 173            SOUTH AMERICA: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY,

2024–2029 (USD MILLION)            166

TABLE 174            SOUTH AMERICA: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY,

2021–2023 (USD MILLION)            167

TABLE 175            SOUTH AMERICA: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY,

2024–2029 (USD MILLION)            167

TABLE 176            BRAZIL: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)            168

TABLE 177            BRAZIL: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)            168

TABLE 178            ARGENTINA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)            169

TABLE 179            ARGENTINA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)            169

TABLE 180            REST OF SOUTH AMERICA: BUS DUCT MARKET, BY END USER,

2021–2023 (USD MILLION)            170

TABLE 181            REST OF SOUTH AMERICA: BUS DUCT MARKET, BY END USER,

2024–2029 (USD MILLION)            171

TABLE 182            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY VOLTAGE,

2021–2023 (USD MILLION)            172

TABLE 183            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY VOLTAGE,

2024–2029 (USD MILLION)            172

TABLE 184            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY MATERIAL,

2021–2023 (USD MILLION)            172

TABLE 185            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY MATERIAL,

2024–2029 (USD MILLION)            172

TABLE 186            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY TYPE, 2021–2023 (USD MILLION)         173

TABLE 187            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY TYPE, 2024–2029 (USD MILLION)         173

TABLE 188            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY END USER,

2021–2023 (USD MILLION)            173

TABLE 189            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY END USER,

2024–2029 (USD MILLION)            173

TABLE 190            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            174

TABLE 191            MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            174

TABLE 192            GCC COUNTRIES: BUS DUCT MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     174

TABLE 193            GCC COUNTRIES: BUS DUCT MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     174

TABLE 194            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2021–2023 (USD MILLION)            175

TABLE 195            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN UTILITIES, BY COUNTRY,

2024–2029 (USD MILLION)            175

TABLE 196            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2021–2023 (USD MILLION)            175

TABLE 197            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN INDUSTRIAL, BY COUNTRY,

2024–2029 (USD MILLION)            175

TABLE 198            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY, 2021–2023 (USD MILLION)                 176

TABLE 199            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN COMMERCIAL, BY COUNTRY, 2024–2029 (USD MILLION)                 176

TABLE 200            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY, 2021–2023 (USD MILLION) 176

TABLE 201            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN RENEWABLES, BY COUNTRY, 2024–2029 (USD MILLION) 176

TABLE 202            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY, 2021–2023 (USD MILLION)                 177

TABLE 203            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN DATA CENTERS, BY COUNTRY, 2024–2029 (USD MILLION)                 177

TABLE 204            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY, 2021–2023 (USD MILLION)                 177

TABLE 205            MIDDLE EAST & AFRICA: BUS DUCT MARKET IN OTHER END USERS, BY COUNTRY, 2024–2029 (USD MILLION)                 177

TABLE 206            GCC COUNTRIES: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)                178

TABLE 207            GCC COUNTRIES: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)                178

TABLE 208            SAUDI ARABIA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)                179

TABLE 209            SAUDI ARABIA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)                179

TABLE 210            UAE: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)       180

TABLE 211            UAE: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)       181

TABLE 212            REST OF GCC COUNTRIES: BUS DUCT MARKET, BY END USER,

2021–2023 (USD MILLION)            182

TABLE 213            REST OF GCC COUNTRIES: BUS DUCT MARKET, BY END USER,

2024–2029 (USD MILLION)            182

TABLE 214            SOUTH AFRICA: BUS DUCT MARKET, BY END USER, 2021–2023 (USD MILLION)                183

TABLE 215            SOUTH AFRICA: BUS DUCT MARKET, BY END USER, 2024–2029 (USD MILLION)                183

TABLE 216            REST OF MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY END USER,

2021–2023 (USD MILLION)            184

TABLE 217            REST OF MIDDLE EAST & AFRICA: BUS DUCT MARKET, BY END USER,

2024–2029 (USD MILLION)            184

TABLE 218            BUS DUCT MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2021–2024          185

TABLE 219          BUS DUCT MARKET: DEGREE OF COMPETITION, 2023        187

TABLE 220            BUS DUCT MARKET: REGION FOOTPRINT                 196

TABLE 221            BUS DUCT MARKET: MATERIAL FOOTPRINT                 197

TABLE 222            BUS DUCT MARKET: VOLTAGE FOOTPRINT                 198

TABLE 223            BUS DUCT MARKET: TYPE FOOTPRINT 199

TABLE 224            BUS DUCT MARKET: DETAILED LIST OF KEY STARTUPS/SMES              202

TABLE 225            BUS DUCT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          203

TABLE 226            BUS DUCT MARKET: PRODUCT LAUNCHES, JANUARY 2021–OCTOBER 2024   204

TABLE 227            BUS DUCT MARKET: DEALS, JANUARY 2021–OCTOBER 2024  205

TABLE 228            BUS DUCT MARKET: EXPANSIONS, JANUARY 2021–OCTOBER 2024        207

TABLE 229            BUS DUCT MARKET: OTHER DEVELOPMENTS, JANUARY 2021–OCTOBER 2024   209

TABLE 230            ABB: COMPANY OVERVIEW         210

TABLE 231            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             211

TABLE 232            ABB: DEALS        212

TABLE 233            ABB: EXPANSIONS           213

TABLE 234            ABB: OTHER DEVELOPMENTS   213

TABLE 235            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 215

TABLE 236            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    216

TABLE 237            SCHNEIDER ELECTRIC: EXPANSIONS     217

TABLE 238            SIEMENS: COMPANY OVERVIEW               219

TABLE 239            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             220

TABLE 240            SIEMENS: DEALS               221

TABLE 241            EATON: COMPANY OVERVIEW  223

TABLE 242            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             224

TABLE 243            EATON: DEALS 225

TABLE 244            EATON: EXPANSIONS    226

TABLE 245            LEGRAND: COMPANY OVERVIEW             227

TABLE 246            LEGRAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED             229

TABLE 247            LEGRAND: DEALS            229

TABLE 248            GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW          231

TABLE 249            GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    232

TABLE 250            GENERAL ELECTRIC COMPANY: DEALS 233

TABLE 251            GENERAL ELECTRIC COMPANY: EXPANSIONS                 233

TABLE 252            VERTIV GROUP CORP.: COMPANY OVERVIEW                 234

TABLE 253            VERTIV GROUP CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    235

TABLE 254            VERTIV GROUP CORP.: EXPANSIONS      236

TABLE 255            LS CABLE & SYSTEM LTD.: COMPANY OVERVIEW          237

TABLE 256            LS CABLE & SYSTEM LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    237

TABLE 257            LS CABLE & SYSTEM LTD.: EXPANSIONS                 238

TABLE 258            DBTS INDUSTRIES SDN BHD: COMPANY OVERVIEW          239

TABLE 259            DBTS INDUSTRIES SDN BHD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    240

TABLE 260            POWELL INDUSTRIES: COMPANY OVERVIEW                 241

TABLE 261            POWELL INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    242

TABLE 262            ACCU-PANELS ENERGY PVT LTD.: COMPANY OVERVIEW          243

TABLE 263            ACCU-PANELS ENERGY PVT LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    243

TABLE 264            NISSIN ELECTRIC CO., LTD.: COMPANY OVERVIEW          244

TABLE 265            NISSIN ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    245

TABLE 266            HUAPENG GROUP CO., LTD.: COMPANY OVERVIEW          246

TABLE 267            HUAPENG GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    246

TABLE 268            AVAIL INFRASTRUCTURE SOLUTIONS: COMPANY OVERVIEW   247

TABLE 269            AVAIL INFRASTRUCTURE SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    248

TABLE 270            NOVOLECS: COMPANY OVERVIEW          249

TABLE 271            NOVOLECS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             249

TABLE 272            TAIAN-ECOBAR TECHNOLOGY: COMPANY OVERVIEW          250

TABLE 273            TAIAN-ECOBAR TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    251

TABLE 274            SMA POWER CONTROL PVT. LTD.: COMPANY OVERVIEW          252

TABLE 275            SMA POWER CONTROL PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    252

TABLE 276            BRILLTECH: COMPANY OVERVIEW         253

TABLE 277            BRILLTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED             254

TABLE 278            S G ENGINEERS: COMPANY OVERVIEW 256

TABLE 279            S G ENGINEERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    256

TABLE 280            SUDHIR POWER LTD.: COMPANY OVERVIEW                 257

TABLE 281            SUDHIR POWER LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    257

LIST OF FIGURES

FIGURE 1              BUS DUCT MARKET: RESEARCH DESIGN                 29

FIGURE 2              BREAKDOWN OF PRIMARIES      33

FIGURE 3              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR BUS DUCTS           33

FIGURE 4              BUS DUCT MARKET: BOTTOM-UP APPROACH                 34

FIGURE 5              BUS DUCT MARKET: TOP-DOWN APPROACH                 37

FIGURE 6              KEY STEPS CONSIDERED TO ASSESS SUPPLY OF BUS DUCTS         38

FIGURE 7              BUS DUCT MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE)               38

FIGURE 8              BUS DUCT MARKET: DATA TRIANGULATION                 40

FIGURE 9              COPPER SEGMENT TO ACCOUNT FOR LARGER SHARE OF

BUS DUCT MARKET IN 2024         44

FIGURE 10            NON-SEGREGATED SEGMENT TO DOMINATE BUS DUCT MARKET

FROM 2024 TO 2029          44

FIGURE 11            MEDIUM (1−35 KV) VOLTAGE SEGMENT TO ACCOUNT FOR

LARGEST MARKET SHARE IN 2029             45

FIGURE 12            COMMERCIAL SEGMENT TO BE LARGEST END USER OF BUS DUCT

DURING 3WFORECAST PERIOD 46

FIGURE 13            ASIA PACIFIC HELD LARGEST SHARE OF GLOBAL BUS DUCT MARKET IN 2023      46

FIGURE 14            RAPID INDUSTRIALIZATION AND URBANIZATION TO CONTRIBUTE

TO MARKET GROWTH   48

FIGURE 15            CHINA ACCOUNTED FOR LARGEST SHARE OF BUS DUCT MARKET IN ASIA PACIFIC      49

FIGURE 16            COPPER SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2029 49

FIGURE 17            NON-SEGREGATED BUS DUCTS SEGMENT TO ACCOUNT FOR LARGEST

MARKET SHARE IN 2029 50

FIGURE 18            MEDIUM (1−35 KV) VOLTAGE SEGMENT TO ACCOUNT FOR LARGEST

MARKET SHARE IN 2029 50

FIGURE 19            COMMERCIAL SEGMENT TO BE LARGEST END USER OF BUS DUCT IN 2029         51

FIGURE 20            ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN BUS DUCT MARKET

BETWEEN 2024 AND 2029               51

FIGURE 21            BUS DUCT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     53

FIGURE 22            TOTAL RENEWABLE ENERGY SUPPLY, 2020–2040                 54

FIGURE 23            SHARE OF RENEWABLE ENERGY IN TOTAL ELECTRICITY GENERATION CAPACITY 54

FIGURE 24            GLOBAL ELECTRIC VEHICLE SALES, 2020–2030                 56

FIGURE 25            INVESTMENT ON ELECTRICITY GRIDS, 2015−2022            58

FIGURE 26            PRICE TREND OF GRADE A COPPER CATHODE, AUGUST 2014– MARCH 2024

(USD PER METRIC TON)                59

FIGURE 27            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   61

FIGURE 28            BUS DUCT MARKET: ECOSYSTEM ANALYSIS                 62

FIGURE 29            BUS DUCT MARKET: SUPPLY CHAIN ANALYSIS                 64

FIGURE 30            AVERAGE SELLING PRICE TREND OF BUS DUCTS, BY REGION,

2021–2029 (USD/UNIT)   69

FIGURE 31            IMPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023                73

FIGURE 32            EXPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023                75

FIGURE 33            PATENTS APPLIED AND GRANTED, 2014–2023                 77

FIGURE 34            INVESTMENT AND FUNDING SCENARIO, 2023                 81

FIGURE 35            BUS DUCT MARKET: PORTER’S FIVE FORCES ANALYSIS            82

FIGURE 36            INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE END USERS                84

FIGURE 37            KEY BUYING CRITERIA FOR TOP THREE END USERS   85

FIGURE 38            IMPACT OF GEN AI/AI IN BUS DUCT MARKET, BY REGION         89

FIGURE 39            BUS DUCT MARKET, BY VOLTAGE, 2023                 92

FIGURE 40            BUS DUCT MARKET, BY MATERIAL, 2023                 98

FIGURE 41            BUS DUCT MARKET, BY TYPE, 2023          103

FIGURE 42            BUS DUCT MARKET, BY END USER, 2023                 109

FIGURE 43            BUS DUCT MARKET SHARE, BY REGION, 2023                 119

FIGURE 44            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN BUS DUCT MARKET

FROM 2024 TO 2029          119

FIGURE 45            ASIA PACIFIC: BUS DUCT MARKET SNAPSHOT                 132

FIGURE 46            EUROPE: BUS DUCT MARKET SNAPSHOT                 147

FIGURE 47            MARKET SHARE ANALYSIS OF COMPANIES OFFERING BUS DUCT, 2023          188

FIGURE 48            BUS DUCT MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023      190

FIGURE 49            COMPANY VALUATION, 2024      191

FIGURE 50            FINANCIAL METRICS, 2024            191

FIGURE 51            PRODUCT COMPARISON              192

FIGURE 52            BUS DUCT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     194

FIGURE 53            BUS DUCT MARKET: COMPANY FOOTPRINT                 195

FIGURE 54            BUS DUCT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023               201

FIGURE 55            ABB: COMPANY SNAPSHOT        211

FIGURE 56            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 216

FIGURE 57            SIEMENS: COMPANY SNAPSHOT               220

FIGURE 58            EATON: COMPANY SNAPSHOT  224

FIGURE 59            LEGRAND: COMPANY SNAPSHOT             228

FIGURE 60            GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT          232

FIGURE 61            VERTIV GROUP CORP.: COMPANY SNAPSHOT                 235

FIGURE 62            POWELL INDUSTRIES: COMPANY SNAPSHOT                 242

FIGURE 63            NISSIN ELECTRIC CO., LTD.: COMPANY SNAPSHOT          245