バスバー市場規模、シェア、動向、2035年までの世界予測

Busbar Market - Global Forecast To 2035

Busbar Market by Material (Copper, Aluminum), Insulation (Laminated, Powder-coated, Bare), Manufacturing Process (Molded, Stamped, Flexible, Hybrid), End-use Application (Utilities, Industrial, Data Centers, and Others), and Region - Global Forecast to 2035

商品番号 : SMB-67125

出版社MarketsandMarkets
出版年月2025年10月
ページ数273
図表数318
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

バスバー市場 – 材質(銅、アルミニウム)、断熱材(ラミネート、粉体塗装、裸品)、製造プロセス(成形、打ち抜き、フレキシブル、ハイブリッド)、最終用途(公共事業、産業、データセンター、その他)、および地域別 – 2035年までの世界予測

世界のバスバー市場は、2025 年の 157 億 2,000 万米ドルから 2035 年には 277 億 1,000 万米ドルに、年平均成長率 (CAGR) 5.8% で成長すると予測されています。

世界の主要市場におけるインフラ開発の急速な拡大は、高度なバスバーの需要を刺激する大きな要因となっています。インドでは、国家インフラパイプラインを通じた政府主導のインフラ投資の復活と設備投資の増加が見られ、電力や交通機関などの成熟資産への新たな投資と、新たなデジタル関連インフラの成長につながっています。こうした取り組みは、電力・通信システムの大規模な改修を伴い、これらのシステムに関わるバスバーの数は膨大かつ非常に複雑であるため、迅速な対応が保証された安全な環境を構築するために、効率的な取り扱いが求められます。米国では、インフラへの資金が慢性的に不足し、老朽化が進んでいる状況です。連邦政府のインフラ投資政策は、インフラ投資・雇用法という目玉となる法律を制定し、エネルギー、交通、デジタルネットワークの大幅なアップグレードを目指しており、1兆ドル規模の支出が盛り込まれています。こうした高度なインフラ開発により、送電網の信頼性向上、設置の容易化、効率的な運用・保守を可能にする高度なバスバー管理の需要が高まっています。

本レポートでは、世界のバスバー市場を、材質、絶縁材、製造プロセス、定格電力、最終用途、地域別に定義、説明、予測しています。また、市場の詳細な定性・定量分析も提供しています。主要な市場推進要因、制約要因、機会、課題について包括的に分析しています。さらに、市場の様々な重要な側面を網羅しており、競争環境、市場ダイナミクス、市場規模と数量の観点からの市場予測、そしてバスバー市場の将来動向など、様々な側面を網羅しています。

The global busbar market is estimated to grow from USD 15.72 billion in 2025 to USD 27.71 billion by 2035, at a CAGR of 5.8%.

The need to drive faster expansion of infrastructural development in key markets worldwide is a major factor spurring demand for advanced busbars. India is witnessing a resurgence of state-driven investment in infrastructure through the National Infrastructure Pipeline and increased capital expenditure, leading to renewed investment in mature assets, such as power and transportation, as well as the growth of new digital-related infrastructure. Such endeavors entail major overhauls in electrical and communication systems, and the number of busbars involved in these systems is large and highly complex, requiring efficient handling to create a secure environment with a guarantee of expediency. In the United States, infrastructure continues to be chronically underfunded and deteriorating, and federal infrastructure investment policy is targeting a significant upgrade of energy, transportation, and digital networks, including trillion-dollar spending, with the signature legislation of the Infrastructure Investment and Jobs Act. This high level of infrastructure development increases the demand for advanced busbar management to enhance grid reliability, facilitate installation, and enable efficient operations and maintenance.

バスバー市場規模、シェア、動向、2035年までの世界予測
Busbar Market – Global Forecast To 2035

“Stamped segment to be largest manufacturing process segment in busbar market during forecast period.”

The segments that are the most significant in the busbar market include the molded, stamped, hybrid, and flexible processes. Stamped busbars are very strong, durable, and able to withstand rough environments, which are characteristic of industrial and outdoor applications. Molded busbars offer high electromagnetic field (EMI) shielding, making them essential in equipment that transports special power and telecom cables. They are also rugged and, therefore, suitable for high-stakes installations such as construction sites and industrial workplaces. Hybrid busbars combine the strengths of molded and stamped processes, offering versatility and efficiency for complex power distribution systems. Flexible busbars, due to their adaptability, are increasingly used in dynamic applications such as electric vehicles and renewable energy setups.

“By material, aluminum to be fastest-growing segment in busbar market during forecast period.”

Aluminum is projected to be the fastest-growing segment in the busbar market, as industries are experiencing rapid expansion with increasing deployment of busbars for global power distribution and high-capacity interconnections, particularly in offshore renewable energy projects and industrial applications. Aluminum busbars are favored for their lightweight nature and cost-effectiveness, often spanning large-scale power networks to connect manufacturing facilities, renewable energy sites, and industrial complexes. Copper busbars, known for their superior conductivity and durability, are increasingly used in high-demand applications such as data centers and electric vehicle charging stations, supported by advanced manufacturing techniques. The growth is fueled by technological advancements in high-voltage systems, which minimize transmission losses over long distances and support the integration of renewable energy into national grids.

バスバー市場規模、シェア、動向、2035年までの世界予測 - 地域
Busbar Market – region

“By region, Europe to be second-largest market during forecast period.”

The European busbar market is experiencing steady growth, driven by significant investments in renewable energy projects, particularly wind and solar power, as well as the expansion of smart grid infrastructure. The region’s focus on decarbonization and the transition to sustainable energy sources is boosting demand for efficient and reliable busbars. Additionally, the rollout of 5G networks and the modernization of aging electrical grids are key factors fueling market expansion. The growing adoption of electric vehicles and advancements in industrial automation further contribute to the market’s positive trajectory. Europe’s commitment to high-quality infrastructure and innovative technologies positions it as a leading region in the global busbar market.

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 – 30%, Tier 2 – 55%, and Tier 3 – 15%
  • By Designation: C-level Executives – 30%, Directors – 20%, and Others – 50%
  • By Region: North America – 18%, Europe – 8%, Asia Pacific – 60%, Middle East & Africa – 10%, and South America – 4%

Notes: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: > USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.

Other designations include sales managers, engineers, and regional managers.

ABB (Switzerland), Legrand (France), Siemens (Germany), Eaton ( Ireland), and Schneider Electric (France) are some of the major players in the busbar market. The study includes an in-depth competitive analysis of these key players, including their company profiles, recent developments, and key market strategies.

バスバー市場規模、シェア、動向、2035年までの世界予測 - 対象企業
Busbar Market – ecosystem

Research Coverage:

The report defines, describes, and forecasts the global busbar market by material, insulation, manufacturing process, power rating, end-use application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value and volume, and future trends in the busbar market.

Key Benefits of Buying the Report

  • It provides an analysis of key drivers (rising demand for energy-efficient power distribution systems; increasing construction of commercial and industrial buildings), restraints (volatility in raw material prices; high initial installation costs), opportunities (burgeoning demand for electric vehicles; rapid expansion of data centers and cloud infrastructure; rising investment in smart grid technologies), challenges (adapting to changing customer preferences) influencing the growth of the busbar market.
  • Market Development: Comprehensive information about lucrative markets by analyzing the busbar market across varied regions
  • Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the busbar market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Siemens (Germany), Legrand (France), TE Connectivity (Switzerland), Mersen (France), Rittal GmbH & Co. KG (Germany), Chint Group (China), Chatsworth Products (US), Rogers Corporation (US), LittelFuse, Inc. (US), and EAE Electric (Turkey) in the busbar market.
  • Product Innovation/Development: The busbar market is investigating large product introduction rates, especially with the incorporation of IoT-based systems and predictive maintenance functionality. This includes innovations such as Schneider Electric’s EcoStruxure platform, which enables remote monitoring of applications to prevent outages and enhance efficiency. With use cases increasing in areas such as renewable energy, industrial automation, and power distribution, as observed in smart grids and high-voltage systems, sustainable materials such as recyclable aluminum and modular designs are gaining traction. The nature of modular solutions is evolving with advancements such as Siemens’ Sentron busbar systems, which simplify installation and improve power distribution reliability, providing versatile high-capacity power solutions.

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 25

1.3.3        YEARS CONSIDERED      26

1.4           CURRENCY CONSIDERED            27

1.5           UNIT CONSIDERED        27

1.6           LIMITATIONS    27

1.7           STAKEHOLDERS               27

1.8           SUMMARY OF CHANGES               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         33

2.2.1        BOTTOM-UP APPROACH              34

2.2.1.1    Regional analysis  35

2.2.1.2    Country-level analysis          35

2.2.1.3    Demand-side assumptions 35

2.2.1.4    Demand-side calculations   35

2.2.2        TOP-DOWN APPROACH                36

2.2.2.1    Supply-side assumptions     38

2.2.2.2    Supply-side calculations      38

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 38

2.4           FORECAST          40

2.5           RESEARCH ASSUMPTIONS           40

2.6           RESEARCH LIMITATIONS             40

2.7           RISK ANALYSIS  40

3               EXECUTIVE SUMMARY  41

4               PREMIUM INSIGHTS       46

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BUSBAR MARKET             46

4.2           BUSBAR MARKET, BY REGION    47

4.3           BUSBAR MARKET IN ASIA PACIFIC, BY MATERIAL AND COUNTRY            47

4.4           BUSBAR MARKET, BY MATERIAL               48

4.5           BUSBAR MARKET, BY INSULATION          48

4.6           BUSBAR MARKET, BY MANUFACTURING PROCESS                 48

4.7           BUSBAR MARKET, BY POWER RATING    49

4.8           BUSBAR MARKET, BY END-USE APPLICATION    49

5               MARKET OVERVIEW       50

5.1           INTRODUCTION              50

5.2           MARKET DYNAMICS       51

5.2.1        DRIVERS               51

5.2.1.1    Rising demand for energy-efficient power distribution systems                 51

5.2.1.2    Increasing construction of commercial and industrial buildings                 53

5.2.2        RESTRAINTS      53

5.2.2.1    Volatile copper prices          53

5.2.2.2    High initial installation costs              54

5.2.3        OPPORTUNITIES              55

5.2.3.1    Burgeoning demand for electric vehicles          55

5.2.3.2    Rapid expansion of data centers and cloud infrastructure                 56

5.2.3.3    Rising investment in smart grid technologies  58

5.2.4        CHALLENGES    60

5.2.4.1    Adapting to changing customer preferences    60

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.4           ECOSYSTEM ANALYSIS  61

5.5           VALUE CHAIN ANALYSIS               62

5.6           TECHNOLOGY ANALYSIS             64

5.6.1        KEY TECHNOLOGIES     64

5.6.1.1    Smart busbars       64

5.6.2        COMPLEMENTARY TECHNOLOGIES       65

5.6.2.1    Selective laser melting (SLM)            65

5.6.3        ADJACENT TECHNOLOGIES       66

5.6.3.1    Insulated busbars 66

5.7           PRICING ANALYSIS          66

5.7.1        INDICATIVE PRICING ANALYSIS, BY MATERIAL, 2024                 66

5.7.2        AVERAGE SELLING PRICE TREND OF BUSBARS, BY REGION, 2020–2024           67

5.8           KEY CONFERENCES AND EVENTS, 2025–2026        68

5.9           TARIFF AND REGULATORY LANDSCAPE               68

5.9.1        TARIFF ANALYSIS             69

5.9.2        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             70

5.9.3        STANDARDS      72

5.10         TRADE ANALYSIS             72

5.10.1      IMPORT SCENARIO (HS CODE 853690)    72

5.10.2      EXPORT SCENARIO (HS CODE 853690)    74

5.11         PATENT ANALYSIS          75

5.12         INVESTMENT AND FUNDING SCENARIO               78

5.13         PORTER’S FIVE FORCES ANALYSIS           78

5.13.1      THREAT OF SUBSTITUTES          79

5.13.2      BARGAINING POWER OF SUPPLIERS       80

5.13.3      BARGAINING POWER OF BUYERS             80

5.13.4      THREAT OF NEW ENTRANTS      80

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 80

5.14         KEY STAKEHOLDERS AND BUYING CRITERIA     81

5.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           81

5.14.2      BUYING CRITERIA           82

5.15         CASE STUDY ANALYSIS 82

5.15.1      VOLTAIRA’S ALUMINUM BUSBAR SOLUTION FOR LIGHTWEIGHT SYSTEM DESIGN, EFFICIENT OPERATION, AND SCALABLE AUTOMOTIVE POWER DISTRIBUTION            82

5.15.2      TELSONIC’S ULTRASONIC WELDING SOLUTION FOR RELIABLE SCREW CONNECTIONS            83

5.15.3      ABB’S DOUBLE BUSBAR SOLUTION FOR EFFICIENT POWER SUPPLY AND UNINTERRUPTED LOAD TRANSFER                 83

5.16         IMPACT OF GEN AI/AI IN BUSBAR MARKET         84

5.16.1      ADOPTION OF GEN AI/AI IN BUSBAR APPLICATIONS                 84

5.16.2      IMPACT OF GEN AI/AI ON BUSBAR MARKET, BY REGION                 85

5.17         MACROECONOMIC OUTLOOK FOR BUSBAR MARKET                 85

5.18         IMPACT OF 2025 US TARIFF ON BUSBAR MARKET                 88

5.18.1      INTRODUCTION              88

5.18.2      KEY TARIFF RATES          89

5.18.3      IMPACT ON COUNTRIES/REGIONS         90

5.18.3.1  US           90

5.18.3.2  Europe   91

5.18.3.3  Asia Pacific            91

5.18.4      IMPACT ON KEY END-USE APPLICATIONS           92

6               BUSBAR MARKET, BY MATERIAL               93

6.1           INTRODUCTION              94

6.2           COPPER                95

6.2.1        ABILITY TO WITHSTAND HIGH TEMPERATURES AND REDUCE OXIDATION TO AUGMENT SEGMENTAL GROWTH                 95

6.3           ALUMINUM        96

6.3.1        EASY INSTALLATION AND LOW TRANSPORTATION COST TO BOOST DEMAND IN HIGH-RISE AND MODULAR APPLICATIONS 96

7               BUSBAR MARKET, BY POWER RATING    98

7.1           INTRODUCTION              99

7.2           LOW      100

7.2.1        SIMPLIFIED INSTALLATION AND ABILITY TO MINIMIZE ENERGY LOSSES TO FOSTER SEGMENTAL GROWTH       100

7.3           MEDIUM              101

7.3.1        EXPANDING INDUSTRIALIZATION AND RAPID URBAN INFRASTRUCTURE DEVELOPMENT TO SPIKE DEMAND 101

7.4           HIGH     102

7.4.1        HIGH CURRENT-CARRYING CAPACITY AND SUPERIOR THERMAL MANAGEMENT FEATURES TO SPUR DEMAND                 102

8               BUSBAR MARKET, BY INSULATION          105

8.1           INTRODUCTION              106

8.2           LAMINATED       107

8.2.1        LOW OVERHEATING RISKS AND OPTIMAL INSULATION TO DRIVE MARKET         107

8.3           POWDER-COATED          108

8.3.1        RISING ADOPTION OF ELECTRIC VEHICLES AND BATTERY MANAGEMENT SYSTEMS TO FUEL SEGMENTAL GROWTH             108

8.4           BARE     110

8.4.1        POTENTIAL TO MAXIMIZE EFFICIENCY IN POWER DISTRIBUTION TO DRIVE DEMAND        110

9               BUSBAR MARKET, BY MANUFACTURING PROCESS                 112

9.1           INTRODUCTION              113

9.2           MOLDED             114

9.2.1        COMPACT DESIGN AND IMPROVED RELIABILITY TO FOSTER SEGMENTAL GROWTH 114

9.3           STAMPED            115

9.3.1        COST-EFFECTIVENESS AND HIGH PRODUCTION SPEED TO PROMOTE SEGMENTAL GROWTH    115

9.4           HYBRID                117

9.4.1        EXCELLENT ELECTRICAL CONDUCTIVITY AND THERMAL PERFORMANCE TO BOOST SEGMENTAL GROWTH                 117

9.5           FLEXIBLE             118

9.5.1        REDUCED CONNECTION POINTS AND SEAMLESS INTEGRATION TO PUSH SEGMENTAL GROWTH                118

10            BUSBAR MARKET, BY END-USE APPLICATION    120

10.1         INTRODUCTION              121

10.2         UTILITIES            122

10.2.1      RISING INTEGRATION OF RENEWABLE ENERGY INTO POWER GRIDS TO CONTRIBUTE TO SEGMENTAL GROWTH                 122

10.3         INDUSTRIAL      124

10.3.1      INCREASING DEPLOYMENT OF AUTOMATION AND DIGITAL MONITORING SYSTEMS TO FUEL SEGMENTAL GROWTH             124

10.4         LOCOMOTIVE   125

10.4.1      INTEGRATION OF RENEWABLE ENERGY SOURCES IN LOCOMOTIVE DESIGNS TO BOOST DEMAND    125

10.5         RENEWABLES    126

10.5.1      RISING NEED TO MAXIMIZE EFFICIENCY OF LARGE-SCALE SOLAR FARMS TO FOSTER SEGMENTAL GROWTH                 126

10.6         DATA CENTERS                 128

10.6.1      ELEVATING DEMAND FOR HIGH-EFFICIENCY POWER DISTRIBUTION IN DATA CENTERS TO FUEL SEGMENTAL GROWTH             128

10.7         AUTOMOTIVE   129

10.7.1      GROWING EMPHASIS ON RELIABLE AND EFFICIENT OPERATION OF ELECTRICAL COMPONENTS IN VEHICLES TO BOOST SEGMENTAL GROWTH  129

10.8         COMMERCIAL & RESIDENTIAL  130

10.8.1      PRESSING NEED FOR EFFICIENT POWER MANAGEMENT SYSTEMS TO ACCELERATE SEGMENTAL GROWTH           130

11            BUSBAR MARKET, BY REGION    132

11.1         INTRODUCTION              133

11.2         ASIA PACIFIC     135

11.2.1      CHINA  140

11.2.1.1  Increasing focus on upgrading power infrastructure to foster market growth       140

11.2.2      INDIA    141

11.2.2.1  Rising integration of renewable energy into power grid to bolster market growth       141

11.2.3      JAPAN   143

11.2.3.1  Growing emphasis on reducing carbon footprint to spur demand                 143

11.2.4      SOUTH KOREA  144

11.2.4.1  Rapid modernization of power plants to accelerate market growth                 144

11.2.5      REST OF ASIA PACIFIC   145

11.3         EUROPE               147

11.3.1      GERMANY           151

11.3.1.1  Rising deployment of clean transportation solutions to contribute to market growth  151

11.3.2      UK          152

11.3.2.1  Growing emphasis on meeting net-zero carbon emission targets to foster market growth       152

11.3.3      ITALY    153

11.3.3.1  Increasing focus on achieving carbon neutrality to accelerate market growth       153

11.3.4      FRANCE                154

11.3.4.1  Rapid modernization of energy infrastructure to spur demand                 154

11.3.5      REST OF EUROPE             155

11.4         NORTH AMERICA             157

11.4.1      US           161

11.4.1.1  Surging demand for electric vehicles and charging infrastructure to accelerate market growth                161

11.4.2      CANADA               162

11.4.2.1  Government initiatives focused on integrating green energy and upgrading grid infrastructure to create growth opportunities       162

11.4.3      MEXICO                163

11.4.3.1  Rapid urbanization and high electricity demand to contribute to market growth       163

11.5         MIDDLE EAST & AFRICA                164

11.5.1      GCC       168

11.5.1.1  Saudi Arabia          169

11.5.1.1.1                Rising emphasis on modernizing energy infrastructure to accelerate market growth                169

11.5.1.2  UAE        171

11.5.1.2.1                Escalating focus on large-scale solar and wind projects to support market growth    171

11.5.1.3  Qatar      172

11.5.1.3.1                Rapid urbanization and modernization of power transmission and distribution systems to drive market  172

11.5.1.4  Rest of GCC          173

11.5.2      SOUTH AFRICA 174

11.5.2.1  Burgeoning energy demand due to industrialization to foster market growth       174

11.5.3      REST OF MIDDLE EAST & AFRICA             175

11.6         SOUTH AMERICA             176

11.6.1      BRAZIL 180

11.6.1.1  Transformation of energy landscape to foster market growth                 180

11.6.2      ARGENTINA       181

11.6.2.1  Increasing investments in infrastructure development for renewable future to fuel market growth            181

11.6.3      REST OF SOUTH AMERICA           182

12            COMPETITIVE LANDSCAPE         184

12.1         OVERVIEW          184

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 184

12.3         MARKET SHARE ANALYSIS, 2024                 185

12.4         REVENUE ANALYSIS, 2020–2024  188

12.5         COMPANY VALUATION AND FINANCIAL METRICS                 189

12.6         BRAND/PRODUCT COMPARISON             190

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 191

12.7.1      STARS   191

12.7.2      EMERGING LEADERS     191

12.7.3      PERVASIVE PLAYERS      191

12.7.4      PARTICIPANTS 191

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         193

12.7.5.1  Company footprint               193

12.7.5.2  Region footprint   194

12.7.5.3  Material footprint 195

12.7.5.4  Insulation footprint               196

12.7.5.5  Power rating footprint         197

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        198

12.8.1      PROGRESSIVE COMPANIES         198

12.8.2      RESPONSIVE COMPANIES            198

12.8.3      DYNAMIC COMPANIES  198

12.8.4      STARTING BLOCKS         198

12.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 200

12.8.5.1  Detailed list of key startups/SMEs    200

12.8.5.2  Competitive benchmarking of key startups/SMEs          201

12.9         COMPETITIVE SCENARIO             201

12.9.1      DEALS  201

12.9.2      EXPANSIONS     202

12.9.3      OTHER DEVELOPMENTS              204

13            COMPANY PROFILES      205

13.1         KEY PLAYERS     205

13.1.1      ABB        205

13.1.1.1  Business overview 205

13.1.1.2  Products/Solutions/Services offered 206

13.1.1.3  Recent developments           208

13.1.1.3.1                Deals      208

13.1.1.3.2                Expansions             209

13.1.1.3.3                Other developments             209

13.1.1.4  MnM view              210

13.1.1.4.1                Key strengths/Right to win 210

13.1.1.4.2                Strategic choices   210

13.1.1.4.3                Weaknesses/Competitive threats       210

13.1.2      SIEMENS              211

13.1.2.1  Business overview 211

13.1.2.2  Products/Solutions/Services offered 212

13.1.2.3  Recent developments           213

13.1.2.3.1                Deals      213

13.1.2.4  MnM view              213

13.1.2.4.1                Key strengths        213

13.1.2.4.2                Strategic choices   213

13.1.2.4.3                Weaknesses and competitive threats 214

13.1.3      EATON 215

13.1.3.1  Business overview 215

13.1.3.2  Products/Solutions/Services offered 216

13.1.3.3  Recent developments           217

13.1.3.3.1                Deals      217

13.1.3.3.2                Expansions             217

13.1.3.3.3                Other developments             218

13.1.3.4  MnM view              218

13.1.3.4.1                Key strengths/Right to win 218

13.1.3.4.2                Strategic choices   218

13.1.3.4.3                Weaknesses/Competitive threats       218

13.1.4      SCHNEIDER ELECTRIC  219

13.1.4.1  Business overview 219

13.1.4.2  Products/Solutions/Services offered 220

13.1.4.3  Recent developments           221

13.1.4.3.1                Deals      221

13.1.4.3.2                Expansions             221

13.1.4.4  MnM view              222

13.1.4.4.1                Key strengths/Right to win 222

13.1.4.4.2                Strategic choices   223

13.1.4.4.3                Weaknesses/Competitive threats       223

13.1.5      LEGRAND            224

13.1.5.1  Business overview 224

13.1.5.2  Products/Solutions/Services offered 225

13.1.5.3  Recent developments           226

13.1.5.3.1                Deals      226

13.1.5.4  MnM view              226

13.1.5.4.1                Key strengths/Right to win 226

13.1.5.4.2                Strategic choices   226

13.1.5.4.3                Weaknesses/Competitive threats       226

13.1.6      MERSEN               227

13.1.6.1  Business overview 227

13.1.6.2  Products/Solutions/Services offered 228

13.1.6.3  Recent developments           230

13.1.6.3.1                Deals      230

13.1.6.3.2                Expansions             231

13.1.7      RITTAL GMBH & CO. KG                232

13.1.7.1  Business overview 232

13.1.7.2  Products/Solutions/Services offered 232

13.1.7.3  Recent developments           233

13.1.7.3.1                Expansions             233

13.1.8      CHINT GROUP  234

13.1.8.1  Business overview 234

13.1.8.2  Products/Solutions/Services offered 234

13.1.9      CHATSWORTH PRODUCTS          236

13.1.9.1  Business overview 236

13.1.9.2  Products/Solutions/Services offered 236

13.1.10   ROGERS CORPORATION               238

13.1.10.1                 Business overview 238

13.1.10.2                 Products/Solutions/Services offered 239

13.1.10.3                 Recent developments           240

13.1.10.3.1             Expansions             240

13.1.11   LITTELFUSE, INC.            241

13.1.11.1                 Business overview 241

13.1.11.2                 Products/Solutions/Services offered 242

13.1.12   TE CONNECTIVITY         244

13.1.12.1                 Business overview 244

13.1.12.2                 Products/Solutions/Services offered 245

13.1.12.3                 Recent developments           246

13.1.12.3.1             Deals      246

13.1.13   EAE ELECTRIC   248

13.1.13.1                 Business overview 248

13.1.13.2                 Products/Solutions/Services offered 248

13.1.14   SALZER 250

13.1.14.1                 Business overview 250

13.1.14.2                 Products/Solutions/Services offered 251

13.1.15   DHANALAXMI STEEL DISTRIBUTORS     252

13.1.15.1                 Business overview 252

13.1.15.2                 Products/Solutions/Services offered 252

13.1.16   RAYCHEM RPG PRIVATE LIMITED            254

13.1.16.1                 Business overview 254

13.1.16.2                 Products/Solutions/Services offered 254

13.2         OTHER PLAYERS              256

13.2.1      PARAM CONTROLS         256

13.2.2      SVM       257

13.2.3      MEGABARRE EUROPE SRL            258

13.2.4      RENYUN (HUNAN) BUSBAR CO., LTD.    259

13.2.5      INCRESOL ENGINEERING SOLUTIONS PVT. LTD.                 260

13.2.6      GUANGZHOU BAOGE MACHINERY MANUFACTURING CO., LTD.             261

13.2.7      WENZHOU YOPU GROUP CO., LTD.         262

13.2.8      TOSUNLUX         262

13.2.9      YUEQING GAOKE ENVIRONMENTAL ELECTRIC CO., LTD.      263

13.2.10   G AND N FORTUNE LIMITED     264

14            APPENDIX           265

14.1         DISCUSSION GUIDE        265

14.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                269

14.3         CUSTOMIZATION OPTIONS        271

14.4         RELATED REPORTS         271

14.5         AUTHOR DETAILS           272

LIST OF TABLES

TABLE 1                BUSBAR MARKET: INCLUSIONS AND EXCLUSIONS      25

TABLE 2                MAJOR SECONDARY SOURCES  30

TABLE 3                PRIMARY INTERVIEW PARTICIPANTS, BY ROLE AND COMPANY 31

TABLE 4                BUSBAR MARKET SIZE ESTIMATION METHODOLOGY (DEMAND SIDE)           34

TABLE 5                BUSBAR MARKET: RISK ANALYSIS             40

TABLE 6                BUSBAR MARKET SNAPSHOT, 2024 VS. 2035                 41

TABLE 7                NUMBER OF DATA CENTERS IN TOP 20 COUNTRIES        57

TABLE 8                GRID RESILIENCE AND INNOVATION PARTNERSHIPS (GRIP) PROGRAM PARTICIPANTS            58

TABLE 9                ROLE OF COMPANIES IN BUSBAR ECOSYSTEM                 62

TABLE 10              INDICATIVE PRICING ANALYSIS OF MATERIALS USED IN BUSBARS, 2024 (USD/KG)           66

TABLE 11              REGION-WISE AVERAGE SELLING PRICE TREND OF BUSBARS,

2020–2024 (USD/KG)        67

TABLE 12              LIST OF KEY CONFERENCES AND EVENTS, 2025–2026        68

TABLE 13              MFN TARIFF FOR HS 853690 CODE-COMPLIANT PRODUCTS, BY COUNTRY, 2024 69

TABLE 14              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  70

TABLE 15              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 70

TABLE 16              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 70

TABLE 17              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             71

TABLE 18              MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             71

TABLE 19              GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 72

TABLE 20              STANDARDS RELATED TO BUSBAR TECHNOLOGY  72

TABLE 21              IMPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD)                 73

TABLE 22              EXPORT DATA FOR HS CODE 853690-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD)                 74

TABLE 23              LIST OF MAJOR PATENTS, SEPTEMBER 2021–AUGUST 2024     76

TABLE 24              PORTER’S FIVE FORCES ANALYSIS           79

TABLE 25              INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR

TOP 3 END-USE APPLICATIONS                 81

TABLE 26              KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS 82

TABLE 27              WORLDWIDE GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)           86

TABLE 28              INDUSTRY VALUE ADDED TO GDP (INCLUDING CONSTRUCTION)            87

TABLE 29              US-ADJUSTED RECIPROCAL TARIFF RATES, 2024                 89

TABLE 30              ANTICIPATED CHANGE IN PRICES AND POTENTIAL IMPACT ON KEY END-USE APPLICATIONS DUE TO TARIFF ENFORCEMENT                90

TABLE 31              BUSBAR MARKET, BY MATERIAL, 2020–2024 (USD MILLION) 94

TABLE 32              BUSBAR MARKET, BY MATERIAL, 2025–2035 (USD MILLION) 94

TABLE 33              COPPER: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)       95

TABLE 34              COPPER: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)       96

TABLE 35              ALUMINUM: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)            97

TABLE 36              ALUMINUM: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)            97

TABLE 37              BUSBAR MARKET, BY POWER RATING, 2020–2024 (USD MILLION) 99

TABLE 38              BUSBAR MARKET, BY POWER RATING, 2025–2035 (USD MILLION) 99

TABLE 39              LOW: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION) 100

TABLE 40              LOW: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION) 101

TABLE 41              MEDIUM: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)       102

TABLE 42              MEDIUM: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)       102

TABLE 43              HIGH: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION) 103

TABLE 44              HIGH: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION) 103

TABLE 45              BUSBAR MARKET, BY INSULATION, 2020–2024 (USD MILLION) 106

TABLE 46              BUSBAR MARKET, BY INSULATION, 2025–2035 (USD MILLION) 106

TABLE 47              LAMINATED: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)            108

TABLE 48              LAMINATED: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)            108

TABLE 49              POWDER-COATED: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)          109

TABLE 50              POWDER-COATED: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)          109

TABLE 51              BARE: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION) 110

TABLE 52              BARE: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION) 111

TABLE 53              BUSBAR MARKET, BY MANUFACTURING PROCESS, 2020–2024 (USD MILLION)       113

TABLE 54              BUSBAR MARKET, BY MANUFACTURING PROCESS, 2025–2035 (USD MILLION)       113

TABLE 55              MOLDED: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)       115

TABLE 56              MOLDED: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)       115

TABLE 57              STAMPED: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)       116

TABLE 58              STAMPED: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)       116

TABLE 59              HYBRID: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)       118

TABLE 60              HYBRID: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)       118

TABLE 61              FLEXIBLE: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)       119

TABLE 62              FLEXIBLE: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)       119

TABLE 63              BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)            121

TABLE 64              BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)            122

TABLE 65              UTILITIES: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)       123

TABLE 66              UTILITIES: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)       123

TABLE 67              INDUSTRIAL: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)            124

TABLE 68              INDUSTRIAL: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)            125

TABLE 69              LOCOMOTIVE: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)            126

TABLE 70              LOCOMOTIVE: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)            126

TABLE 71              RENEWABLES: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)            127

TABLE 72              RENEWABLES: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)            127

TABLE 73              DATA CENTERS: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)            128

TABLE 74              DATA CENTERS: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)            129

TABLE 75              AUTOMOTIVE: BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION)            130

TABLE 76              AUTOMOTIVE: BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)            130

TABLE 77              COMMERCIAL & RESIDENTIAL: BUSBAR MARKET, BY REGION,

2020–2024 (USD MILLION)            131

TABLE 78              COMMERCIAL & RESIDENTIAL: BUSBAR MARKET, BY REGION,

2025–2035 (USD MILLION)            131

  1. BUSBAR MARKET, BY REGION, 2020–2024 (USD MILLION) 134

TABLE 79              BUSBAR MARKET, BY REGION, 2025–2035 (USD MILLION)            134

TABLE 80              BUSBAR MARKET, BY REGION, 2020–2024 (KILOTON)         135

TABLE 81              BUSBAR MARKET, BY REGION, 2025–2035 (KILOTON)         135

TABLE 82              ASIA PACIFIC: BUSBAR MARKET, BY POWER RATING, 2020–2024 (USD MILLION)          137

TABLE 83              ASIA PACIFIC: BUSBAR MARKET, BY POWER RATING, 2025–2035 (USD MILLION)          137

TABLE 84              ASIA PACIFIC: BUSBAR MARKET, BY MATERIAL, 2020–2024 (USD MILLION)            137

TABLE 85              ASIA PACIFIC: BUSBAR MARKET, BY MATERIAL, 2025–2035 (USD MILLION)            137

TABLE 86              ASIA PACIFIC: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2020–2024 (USD MILLION)            138

TABLE 87              ASIA PACIFIC: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2025–2035 (USD MILLION)            138

TABLE 88              ASIA PACIFIC: BUSBAR MARKET, BY INSULATION, 2020–2024 (USD MILLION)                138

TABLE 89              ASIA PACIFIC: BUSBAR MARKET, BY INSULATION, 2025–2035 (USD MILLION)                139

TABLE 90              ASIA PACIFIC: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            139

TABLE 91              ASIA PACIFIC: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            139

TABLE 92              ASIA PACIFIC: BUSBAR MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            140

TABLE 93              ASIA PACIFIC: BUSBAR MARKET, BY COUNTRY, 2025–2035 (USD MILLION)            140

TABLE 94              CHINA: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              141

TABLE 95              CHINA: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              141

TABLE 96              INDIA: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              142

TABLE 97              INDIA: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              142

TABLE 98              JAPAN: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              143

TABLE 99              JAPAN: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              144

TABLE 100            SOUTH KOREA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            145

TABLE 101            SOUTH KOREA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            145

TABLE 102            REST OF ASIA PACIFIC: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            146

TABLE 103            REST OF ASIA PACIFIC: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            146

TABLE 104            EUROPE: BUSBAR MARKET, BY POWER RATING, 2020–2024 (USD MILLION)            148

TABLE 105            EUROPE: BUSBAR MARKET, BY POWER RATING, 2025–2035 (USD MILLION)            148

TABLE 106            EUROPE: BUSBAR MARKET, BY MATERIAL, 2020–2024 (USD MILLION)       148

TABLE 107            EUROPE: BUSBAR MARKET, BY MATERIAL, 2025–2035 (USD MILLION)       148

TABLE 108            EUROPE: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2020–2024 (USD MILLION)            149

TABLE 109            EUROPE: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2025–2035 (USD MILLION)            149

TABLE 110            EUROPE: BUSBAR MARKET, BY INSULATION, 2020–2024 (USD MILLION)            149

TABLE 111            EUROPE: BUSBAR MARKET, BY INSULATION, 2025–2035 (USD MILLION)            149

TABLE 112            EUROPE: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            150

TABLE 113            EUROPE: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            150

TABLE 114            EUROPE: BUSBAR MARKET, BY COUNTRY, 2020–2024 (USD MILLION)       150

TABLE 115            EUROPE: BUSBAR MARKET, BY COUNTRY, 2025–2035 (USD MILLION)       151

TABLE 116            GERMANY: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            152

TABLE 117            GERMANY: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            152

TABLE 118            UK: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              153

TABLE 119            UK: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              153

TABLE 120            ITALY: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              154

TABLE 121            ITALY: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              154

TABLE 122            FRANCE: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            155

TABLE 123            FRANCE: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            155

TABLE 124            REST OF EUROPE: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            156

TABLE 125            REST OF EUROPE: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            156

TABLE 126            NORTH AMERICA: BUSBAR MARKET, BY POWER RATING,

2020–2024 (USD MILLION)            157

TABLE 127            NORTH AMERICA: BUSBAR MARKET, BY POWER RATING,

2025–2035 (USD MILLION)            157

TABLE 128            NORTH AMERICA: BUSBAR MARKET, BY MATERIAL, 2020–2024 (USD MILLION)    158

TABLE 129            NORTH AMERICA: BUSBAR MARKET, BY MATERIAL, 2025–2035 (USD MILLION)    158

TABLE 130            NORTH AMERICA: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2020–2024 (USD MILLION)            158

TABLE 131            NORTH AMERICA: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2025–2035 (USD MILLION)            158

TABLE 132            NORTH AMERICA: BUSBAR MARKET, BY INSULATION, 2020–2024 (USD MILLION)                159

TABLE 133            NORTH AMERICA: BUSBAR MARKET, BY INSULATION, 2025–2035 (USD MILLION)                159

TABLE 134            NORTH AMERICA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            159

TABLE 135            NORTH AMERICA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            160

TABLE 136            NORTH AMERICA: BUSBAR MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     160

TABLE 137            NORTH AMERICA: BUSBAR MARKET, BY COUNTRY, 2025–2035 (USD MILLION)     160

TABLE 138            US: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              161

TABLE 139            US: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              162

TABLE 140            CANADA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            163

TABLE 141            CANADA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            163

TABLE 142            MEXICO: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              164

TABLE 143            MEXICO: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              164

TABLE 144            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY POWER RATING,

2020–2024 (USD MILLION)            165

TABLE 145            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY POWER RATING,

2025–2035 (USD MILLION)            165

TABLE 146            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY MATERIAL,

2020–2024 (USD MILLION)            165

TABLE 147            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY MATERIAL,

2025–2035 (USD MILLION)            165

TABLE 148            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2020–2024 (USD MILLION)            166

TABLE 149            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2025–2035 (USD MILLION)            166

TABLE 150            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY INSULATION,

2020–2024 (USD MILLION)            166

TABLE 151            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY INSULATION,

2025–2035 (USD MILLION)            166

TABLE 152            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            167

TABLE 153            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            167

TABLE 154            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            167

TABLE 155            MIDDLE EAST & AFRICA: BUSBAR MARKET, BY COUNTRY,

2025–2035 (USD MILLION)            168

TABLE 156            GCC: BUSBAR MARKET, BY COUNTRY, 2020–2024 (USD MILLION) 168

TABLE 157            GCC: BUSBAR MARKET, BY COUNTRY, 2025–2035 (USD MILLION) 168

TABLE 158            GCC: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              169

TABLE 159            GCC: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              169

TABLE 160            SAUDI ARABIA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            170

TABLE 161            SAUDI ARABIA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            170

TABLE 162            UAE: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              171

TABLE 163            UAE: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              171

TABLE 164            QATAR: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              172

TABLE 165            QATAR: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              173

TABLE 166            REST OF GCC: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            173

TABLE 167            REST OF GCC: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            174

TABLE 168            SOUTH AFRICA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            175

TABLE 169            SOUTH AFRICA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            175

TABLE 170            REST OF MIDDLE EAST & AFRICA: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)                 176

TABLE 171            REST OF MIDDLE EAST & AFRICA: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)                 176

TABLE 172            SOUTH AMERICA: BUSBAR MARKET, BY POWER RATING,

2020–2024 (USD MILLION)            177

TABLE 173            SOUTH AMERICA: BUSBAR MARKET, BY POWER RATING,

2025–2035 (USD MILLION)            177

TABLE 174            SOUTH AMERICA: BUSBAR MARKET, BY MATERIAL, 2020–2024 (USD MILLION)    177

TABLE 175            SOUTH AMERICA: BUSBAR MARKET, BY MATERIAL, 2025–2035 (USD MILLION)    177

TABLE 176            SOUTH AMERICA: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2020–2024 (USD MILLION)            178

TABLE 177            SOUTH AMERICA: BUSBAR MARKET, BY MANUFACTURING PROCESS,

2025–2035 (USD MILLION)            178

TABLE 178            SOUTH AMERICA: BUSBAR MARKET, BY INSULATION, 2020–2024 (USD MILLION)                178

TABLE 179            SOUTH AMERICA: BUSBAR MARKET, BY INSULATION, 2025–2035 (USD MILLION)                179

TABLE 180            SOUTH AMERICA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            179

TABLE 181            SOUTH AMERICA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            179

TABLE 182            SOUTH AMERICA: BUSBAR MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     180

TABLE 183            SOUTH AMERICA: BUSBAR MARKET, BY COUNTRY, 2025–2035 (USD MILLION)     180

TABLE 184            BRAZIL: BUSBAR MARKET, BY END-USE APPLICATION, 2020–2024 (USD MILLION)              181

TABLE 185            BRAZIL: BUSBAR MARKET, BY END-USE APPLICATION, 2025–2035 (USD MILLION)              181

TABLE 186            ARGENTINA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            182

TABLE 187            ARGENTINA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            182

TABLE 188            REST OF SOUTH AMERICA: BUSBAR MARKET, BY END-USE APPLICATION,

2020–2024 (USD MILLION)            183

TABLE 189            REST OF SOUTH AMERICA: BUSBAR MARKET, BY END-USE APPLICATION,

2025–2035 (USD MILLION)            183

TABLE 190            OVERVIEW OF KEY STRATEGIES ADOPTED BY KEY PLAYERS,

JANUARY 2022–FEBRUARY 2025  184

TABLE 191            BUSBAR MARKET: DEGREE OF COMPETITION                 186

TABLE 192            BUSBAR MARKET: REGION FOOTPRINT                 194

TABLE 193            BUSBAR MARKET: MATERIAL FOOTPRINT                 195

TABLE 194            BUSBAR MARKET: INSULATION FOOTPRINT                 196

TABLE 195            BUSBAR MARKET: POWER RATING FOOTPRINT                 197

TABLE 196            BUSBAR MARKET: DETAILED LIST OF KEY STARTUPS/SMES              200

TABLE 197            BUSBAR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          201

TABLE 198            BUSBAR MARKET: DEALS, JANUARY 2022–FEBRUARY 2025 201

TABLE 199            BUSBAR MARKET: EXPANSIONS, JANUARY 2022–FEBRUARY 2025 202

TABLE 200            BUSBAR MARKET: OTHER DEVELOPMENTS, JANUARY 2022–FEBRUARY 2025  204

TABLE 201            ABB: COMPANY OVERVIEW         205

TABLE 202            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             206

TABLE 203            ABB: DEALS        208

TABLE 204            ABB: EXPANSIONS           209

TABLE 205            ABB: OTHER DEVELOPMENTS   209

TABLE 206            SIEMENS: COMPANY OVERVIEW               211

TABLE 207            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             212

TABLE 208            SIEMENS: DEALS               213

TABLE 209            EATON: BUSINESS OVERVIEW   215

TABLE 210            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             216

TABLE 211            EATON: DEALS 217

TABLE 212            EATON: EXPANSIONS    217

TABLE 213            EATON: OTHER DEVELOPMENTS            218

TABLE 214            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 219

TABLE 215            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    220

TABLE 216            SCHNEIDER ELECTRIC: DEALS  221

TABLE 217            SCHNEIDER ELECTRIC: EXPANSIONS     221

TABLE 218            LEGRAND: COMPANY OVERVIEW             224

TABLE 219            LEGRAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED             225

TABLE 220            LEGRAND: DEALS            226

TABLE 221            MERSEN: COMPANY OVERVIEW                227

TABLE 222            MERSEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED             228

TABLE 223            MERSEN: DEALS                230

TABLE 224            MERSEN: EXPANSIONS  231

TABLE 225            RITTAL GMBH & CO. KG: COMPANY OVERVIEW                 232

TABLE 226            RITTAL GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    232

TABLE 227            RITTAL GMBH & CO. KG: EXPANSIONS  233

TABLE 228            CHINT GROUP: COMPANY OVERVIEW   234

TABLE 229            CHINT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    234

TABLE 230            CHATSWORTH PRODUCTS: COMPANY OVERVIEW          236

TABLE 231            CHATSWORTH PRODUCTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    236

TABLE 232            ROGERS CORPORATION: COMPANY OVERVIEW                 238

TABLE 233            ROGERS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    239

TABLE 234            ROGERS CORPORATION: EXPANSIONS 240

TABLE 235            LITTELFUSE, INC.: COMPANY OVERVIEW                 241

TABLE 236            LITTELFUSE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    242

TABLE 237            TE CONNECTIVITY: COMPANY OVERVIEW                 244

TABLE 238            TE CONNECTIVITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    245

TABLE 239            TE CONNECTIVITY: DEALS          246

TABLE 240            EAE ELECTRIC: COMPANY OVERVIEW   248

TABLE 241            EAE ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    248

TABLE 242            SALZER: COMPANY OVERVIEW 250

TABLE 243            SALZER: PRODUCTS/SOLUTIONS/SERVICES OFFERED             251

TABLE 244            DHANLAXMI STEEL DISTRIBUTORS: COMPANY OVERVIEW          252

TABLE 245            DHANLAXMI STEEL DISTRIBUTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    252

TABLE 246            RAYCHEM RPG PRIVATE LIMITED: COMPANY OVERVIEW          254

TABLE 247            RAYCHEM RPG PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    254

LIST OF FIGURES

FIGURE 1              BUSBAR MARKET SEGMENTATION AND REGIONAL SCOPE            25

FIGURE 2              DURATION CONSIDERED            26

FIGURE 3              BUSBAR MARKET: RESEARCH DESIGN   29

FIGURE 4              DATA CAPTURED FROM SECONDARY SOURCES                 30

FIGURE 5              CORE INSIGHTS FROM INDUSTRY EXPERTS                 31

FIGURE 6              DATA CAPTURED FROM PRIMARY SOURCES                 32

FIGURE 7              BREAKDOWN OF PRIMARIES, BY COMPANY TYPE, DESIGNATION, AND REGION        33

FIGURE 8              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR BUSBARS                33

FIGURE 9              BUSBAR MARKET: BOTTOM-UP APPROACH                 34

FIGURE 10            BUSBAR MARKET: TOP-DOWN APPROACH                 36

FIGURE 11            KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF BUSBARS     37

FIGURE 12            BUSBAR MARKET ESTIMATION METHODOLOGY (SUPPLY SIDE)               37

FIGURE 13            BUSBAR MARKET: DATA TRIANGULATION                 39

FIGURE 14            BUSBAR MARKET: RESEARCH ASSUMPTIONS                 40

FIGURE 15            COPPER SEGMENT TO HOLD LARGER SHARE OF BUSBAR MARKET,

BY MATERIAL, IN 2025    42

FIGURE 16            BARE SEGMENT TO COMMAND BUSBAR MARKET, BY INSULATION, IN 2025            43

FIGURE 17            STAMPED SEGMENT TO DOMINATE BUSBAR MARKET, BY MANUFACTURING PROCESS, IN 2025            43

FIGURE 18            BUSBARS WITH LOW POWER RATINGS TO ACCOUNT FOR MAJORITY OF MARKET SHARE IN 2025   44

FIGURE 19            COMMERCIAL & RESIDENTIAL SEGMENT TO SECURE LARGEST SHARE OF BUSBAR MARKET, BY END-USE APPLICATION, IN 2025   44

FIGURE 20            ASIA PACIFIC CAPTURED LARGEST SHARE OF GLOBAL BUSBAR MARKET IN 2024            45

FIGURE 21            RAPID INCREASE IN INDUSTRIALIZATION AND URBANIZATION TO PROPEL

MARKET GROWTH          46

FIGURE 22            ASIA PACIFIC TO BE FASTEST-GROWING MARKET FROM 2025 TO 2035       47

FIGURE 23            COPPER SEGMENT AND CHINA CAPTURED PROMINENT SHARE OF

ASIA PACIFIC MARKET IN 2024   47

FIGURE 24            COPPER BUSBARS TO ACCOUNT FOR LARGER MARKET SHARE IN 2035 48

FIGURE 25            BARE BUSBARS TO DOMINATE MARKET IN 2035                 48

FIGURE 26            STAMPED SEGMENT TO HOLD MAJORITY OF MARKET SHARE IN 2035 48

FIGURE 27            LOW-POWER BUSBARS TO HOLD LARGEST MARKET SHARE IN 2035 49

FIGURE 28            RESIDENTIAL & COMMERCIAL SEGMENT TO LEAD BUSBAR

MARKET SHARE IN 2035 49

FIGURE 29            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    51

FIGURE 30            RENEWABLE ENERGY GENERATION, BY TECHNOLOGY, 2020–2030              52

FIGURE 31            FLUCTUATIONS IN COSTS OF GRADE A COPPER CATHODE,

AUGUST 2020–JUNE 2025                54

FIGURE 32            GLOBAL ELECTRIC VEHICLE SALES, BY TYPE, 2014–2024              56

FIGURE 33            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   61

FIGURE 34            BUSBAR ECOSYSTEM     61

FIGURE 35            BUSBAR VALUE CHAIN ANALYSIS             63

FIGURE 36            AVERAGE SELLING PRICE TREND OF BUSBARS, BY REGION, 2020–2024    67

FIGURE 37            IMPORT SCENARIO FOR HS CODE 853690-COMPLIANT PRODUCTS IN TOP 5 COUNTRIES, 2022–2024                 73

FIGURE 38            EXPORT SCENARIO FOR HS CODE 853690-COMPLIANT PRODUCTS IN TOP 5 COUNTRIES, 2022–2024                 74

FIGURE 39            PATENTS APPLIED AND GRANTED, 2015–2024                 75

FIGURE 40            INVESTMENT AND FUNDING SCENARIO IN BUSBAR MARKET             78

FIGURE 41            PORTER’S FIVE FORCES ANALYSIS           79

FIGURE 42            INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS 81

FIGURE 43            KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS 82

FIGURE 44            IMPACT OF GEN AI/AI ON BUSBAR MARKET, BY REGION                85

FIGURE 45            BUSBAR MARKET, BY MATERIAL, 2024    94

FIGURE 46            BUSBARS WITH LOW POWER RATING HELD LARGEST MARKET SHARE IN 2024             99

FIGURE 47            BARE BUSBARS DOMINATED MARKET IN 2024                 106

FIGURE 48            STAMPED BUSBARS LED MARKET IN 2024                 113

FIGURE 49            COMMERCIAL & RESIDENTIAL SEGMENT LED BUSBAR MARKET IN 2024              121

FIGURE 50            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN BUSBAR MARKET DURING FORECAST PERIOD  133

FIGURE 51            ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2024  134

FIGURE 52            BUSBAR MARKET SNAPSHOT IN ASIA PACIFIC                 136

FIGURE 53            EUROPE: BUSBAR MARKET SNAPSHOT  147

FIGURE 54            MARKET SHARE ANALYSIS OF COMPANIES OFFERING BUSBARS, 2024             186

FIGURE 55            REVENUE ANALYSIS OF FIVE KEY PLAYERS IN BUSBAR MARKET, 2020–2024        188

FIGURE 56            COMPANY VALUATION 189

FIGURE 57            FINANCIAL METRICS      189

FIGURE 58            BRAND/PRODUCT COMPARISON             190

FIGURE 59            BUSBAR MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024     192

FIGURE 60            BUSBAR MARKET: COMPANY FOOTPRINT                 193

FIGURE 61            BUSBAR MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024               199

FIGURE 62            ABB: COMPANY SNAPSHOT        206

FIGURE 63            SIEMENS: COMPANY SNAPSHOT               212

FIGURE 64            EATON: COMPANY SNAPSHOT  216

FIGURE 65            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 220

FIGURE 66            LEGRAND: COMPANY SNAPSHOT             225

FIGURE 67            MERSEN: COMPANY SNAPSHOT                228

FIGURE 68            ROGERS CORPORATION: COMPANY SNAPSHOT                 239

FIGURE 69            LITTELFUSE, INC.: COMPANY SNAPSHOT                 242

FIGURE 70            TE CONNECTIVITY: COMPANY SNAPSHOT                 245

FIGURE 71            SALZER: COMPANY SNAPSHOT 250