The global busway-bus duct market revenue was around US$ 13.4 billion in 2023 and is estimated to reach US$ 21.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2024 to 2032.
Busway-bus duct is a combination of a metal duct consisting of either copper or aluminum solid conductors to conduct a significant current. The entire bus duct system includes a few indistinguishable parts such as busbars, housing, and support insulators.
Market Driving Factors
Industries are becoming complicated and volatile with the increase in disposable income, which propels the demand for different products across the world. It includes cement, automotive, metal, and others. In addition, industries are required to be flexible in all aspects, such as power utilization, supply chain, and others, to adapt to the ever-changing market circumstances to address this volatility and complexity. Therefore, bus duct systems are utilized to be flexible regarding electricity distribution in the facilities. Furthermore, these can be interlinked in a very short time with the current power distribution channel with relatively low price and labor efforts, which is not effortlessly possible with the conductor cables. Therefore, these benefits are estimated to boost market growth.
Increasing industry attention on energy efficiency creates a positive impact on market growth. This is because busway bus ducts decrease power losses during distribution, which assists with energy saving. These systems are favored by businesses looking for sustainable and energy-efficient electrical solutions. This is due to their characteristics that reduce electrical impedance, and raise operational efficiency and price effectiveness. As a result, the incorporation of renewable energy sources is estimated to increase demand for busway bus ducts.
The initial price of installing busway-bus duct systems can be relatively high compared to conventional wiring methods. This price factor may hinder some end-users, especially in cost-sensitive markets, from adopting this system. Thus, this factor is estimated to restrain the market growth.
Regional Analysis
Asia-Pacific is estimated to dominate the market in terms of the rate. This is owing to various factors such as those driven by immediately developing industrialization, infrastructure, and urbanization in nations like India and China which a leading in the market. Furthermore, the adoption of busway bus ducts increases the region's robust economic growth, which increases the demand for effective electrical distribution systems in the industrial, commercial, and residential sectors in the region. Therefore, due to this reason, this factor is estimated to drive market growth.
Segmentation Insights
Type Insight
The non-segregated phase bus duct segment is estimated to dominate the market in terms of the largest shares. This is because increase in the number of small- and large-scale manufacturing industries along with a surge in the number of commercial buildings.
Prominent Companies
Segmentation Outline
The global busway-bus duct market segmentation focuses on Type, Voltage, End-User Industry, and Region.
By Type
By Voltage
By End User Industry
By Region
[ TABLE OF CONTENT ]
1 INTRODUCTION OF GLOBAL BUSWAY-BUS DUCT MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BUSWAY-BUS DUCT MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BUSWAY-BUS DUCT MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BUSWAY-BUS DUCT MARKET, BY TYPE
5.1 OVERVIEW
5.2 ISOLATED PHASE BUS DUCT
5.3 SEGREGATED PHASE BUS DUCT
5.4 NON-SEGREGATED PHASE BUS DUCT
6 GLOBAL BUSWAY-BUS DUCT MARKET, BY VOLTAGE
6.1 OVERVIEW
6.2 HIGH-VOLTAGE
6.3 MEDIUM-VOLTAGE
6.4 LOW-VOLTAGE
7 GLOBAL BUSWAY-BUS DUCT MARKET, BY END USER INDUSTRY
7.1 OVERVIEW
7.2 RESIDENTIAL
7.3 COMMERCIAL
7.3.1 BUILDING TYPE
7.3.1.1 DATA CENTERS
7.3.1.2 SHOPPING CENTERS
7.3.1.3 OTHER COMMERCIAL BUILDINGS
7.4 INDUSTRIAL
8 GLOBAL BUSWAY-BUS DUCT MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL BUSWAY-BUS DUCT MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 TAIAN-ECOBAR TECHNOLOGY
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 CURRENT MIDWEST
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 TRICOLITE ELECTRICAL INDUSTRIES
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 C&S ELECTRIC LIMITED
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 ACCU-PANELS ENERGY PVT LTD
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 SIEMENS AG
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 LS CABLE & SYSTEM LTD
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 GODREJ AND BOYCE COMPANY LIMITED
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 HUAPENG GROUP COMPANY LTD
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 DBTS IND
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 VIDHYUT CONTROL INDIA PVT LTD
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 GENERAL ELECTRIC COMPANY
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 SCHNEIDER ELECTRIC
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 L&T ELECTRICAL & AUTOMATION
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 EATON CORPORATION PLC
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 POWELL INDUSTRIES INC
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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