Busbar Trunking System Market Size, Share, Price, Growth, Analysis, Research Report, Outlook and Forecast 2023-2028

Busbar Trunking System Market Outlook

According to a new report by Expert Market Research titled “Global Busbar Trunking System Market Report, Size, Share, Analysis, Outlook and Forecast 2023-2028″, the global busbar trunking system market is projected to grow at a CAGR of 6.8% between 2023 and 2028. Aided by the growing demand for efficient energy distribution systems and the several end uses of busbar trunking systems, the market is expected to grow significantly by 2028.

A busbar trunking system is an innovative power distribution solution which involves the distribution of electrical power using a dedicated set of busbars enclosed in a protective casing. It is an efficient and flexible alternative to traditional cabling and offers advantages like higher safety, better reliability, and space efficiency. Busbar trunking systems are commonly used in commercial buildings, industrial plants, power stations, and data centres.

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The rising demand for efficient and reliable power distribution systems is driving the global busbar trunking system market growth. With the increasing energy consumption worldwide, there has been a substantial shift towards the adoption of effective and less space-consuming energy distribution solutions, leading to a surge in demand for busbar trunking systems.

Moreover, the growing need for reducing the energy losses in power distribution, combined with the trend of energy efficiency, has further amplified the busbar trunking system market demand. These systems not only improve energy efficiency but also reduce the installation time and cost compared to traditional cabling systems.

The expanding applications of busbar trunking systems in various sectors also significantly contribute to the busbar trunking system market development. In the industrial sector, these systems are used for safe and efficient distribution of power in manufacturing facilities. The commercial sector uses busbar trunking systems for power distribution in office buildings, shopping centres, and hospitals. The rapid growth of data centres has also created a robust demand for busbar trunking systems, given their high power density and flexibility.

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Additionally, the rise in infrastructural development activities and urbanisation, particularly in emerging economies, has led to an increased demand for busbar trunking systems. These trends, combined with government initiatives to promote energy-efficient solutions, have significantly bolstered the busbar trunking system market expansion.

Busbar Trunking System Market Segmentation

The market can be divided based on conductor material, insulation type, power rating, end use, and region.

Market Breakup by Conductor Material

Copper
Aluminium

Market Breakup by Insulation Type

Air Insulation
Sandwich Insulation

Market Breakup by Power Rating

Lighting
Low
Medium
High

Market Breakup by End Use

Residential
Commercial
Industrial
Transportation
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global busbar trunking system companies. Some of the major key players explored in the report by Expert Market Research are as follows:

Siemens AG
Eaton Corporation PLC
C&S Electric Limited
EAE Elektrik
Naxso S.r.l
Others

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